Phala (PHA) Price

Phala (PHA) is a cryptocurrency that powers the Phala Network, a decentralized privacy-preserving computing protocol. Currently ranked #662 with a price of $0.03691, PHA has seen a -1.01% change in the last 24 hours. The token focuses on confidential smart contracts and secure data processing through trusted execution environments. PHA serves multiple functions within the ecosystem, including network governance, staking rewards, and payment for computational resources. With a circulating supply of 838.21M PHA out of a total supply of 1.00B PHA, PHA has a market cap of $30.93M. The project combines privacy technology with blockchain interoperability, supporting AI & Big Data applications, distributed computing, and zero-knowledge proofs. As part of both the Polkadot and Ethereum ecosystems, Phala aims to become a key infrastructure for Web3 applications requiring privacy and computational power.

Phala was created on September 13, 2020, when it was officially listed on cryptocurrency markets. The project launched with a focus on privacy-preserving cloud computing and Web3 infrastructure. Since its inception, Phala has evolved to support various use cases including AI computing, distributed computing, and privacy-focused applications within the Polkadot ecosystem. The token was initially deployed on the Ethereum blockchain as an ERC-20 token before later transitioning to its native network.

Phala was founded by Marvin Tong, Hang Yin, and Jun Jiang. Marvin Tong serves as the CEO, while Hang Yin is the CTO. The founding team has extensive experience in blockchain technology, privacy computing, and distributed systems. They established Phala in 2018 with the vision of creating a privacy-preserving cloud computing network that combines blockchain security with trusted execution environments. The team has academic backgrounds from prestigious institutions and previously worked at technology companies including Microsoft and Huawei before launching Phala.

Phala operates on a decentralized network that combines privacy, AI, and Web3 technologies. The PHA token serves multiple functions within the ecosystem: 1. It powers the network's confidential computing infrastructure using zero-knowledge proofs 2. Users stake PHA to secure the network and earn rewards 3. PHA is used for governance voting on protocol decisions 4. It facilitates transactions for AI agent contracts and distributed computing services Currently priced at $0.03691 with a market cap of $30.93M, PHA has 838.21M PHA tokens in circulation out of a total supply of 1.00B PHA. The token has seen -1.01% price movement in the last 24 hours with $22.93K in trading volume. PHA operates across multiple blockchains including Ethereum, Polkadot, and Polygon ecosystems, enabling interoperability between different networks while maintaining privacy and scalability features.

Phala operates on a sophisticated technical architecture built as a Layer 1 privacy computing blockchain. At its core, it utilizes Trusted Execution Environment (TEE) technology to ensure confidential computation while maintaining blockchain's transparency and security benefits. The PHA network supports Turing-complete smart contracts, enabling complex decentralized applications with privacy guarantees. The architecture features high scalability through its distributed computing model, where network nodes contribute computing resources to process confidential workloads. This design allows Phala to achieve high throughput and availability while preserving data privacy. As a part of the Polkadot ecosystem, PHA leverages Substrate framework for cross-chain interoperability. The network's architecture also incorporates zero-knowledge proofs and other cryptographic techniques to enhance its privacy capabilities, making it suitable for AI applications, DeFi, and other use cases requiring confidential computation on blockchain.

Phala has an ambitious roadmap focused on expanding its Web3 infrastructure and privacy-preserving computing capabilities. In the short term (2026-2027), PHA is developing enhanced AI agent capabilities and strengthening its position in the DePIN (Decentralized Physical Infrastructure Network) ecosystem. The mid-term roadmap (2027-2028) includes scaling solutions through layer-2 integration, improved interoperability across Polkadot and Ethereum ecosystems, and expanding zero-knowledge proof applications. Long-term vision (2028-2031) focuses on becoming a leading platform for distributed computing, metaverse infrastructure, and privacy-focused Web3 applications. The team is actively developing partnerships in AI & Big Data sectors while improving their modular blockchain architecture. With current market cap at $30.93M and trading at $0.03691, PHA aims to increase adoption through developer-friendly tools and enterprise solutions, potentially driving significant value growth in the coming years.

Phala is going up due to its innovative TEE technology, strategic positioning in Web3 AI, increased exchange accessibility, and growing demand for secure privacy solutions. The recent -1.01% increase reflects market confidence in its ecosystem development.

Phala is currently dropping due to market corrections after its recent rally. The price has decreased -1.01% in the last 24 hours, with trading volume at $22.93K. This decline reflects normal market cycles, profit-taking by investors, and broader crypto market trends. Long-term fundamentals remain strong despite short-term volatility.

Phala could reach $0.15-$0.20 by 2027, potentially hitting $0.30-$0.50 by 2031 based on current trends. Currently trading at $0.03691 with $30.93M market cap, PHA shows strong growth potential in the Web3 ecosystem.

Phala price could rise significantly in 2027 due to its AI and Web3 applications. Current price is $0.03691 with recent -1.01% change. Market trends suggest potential growth to $0.85 by 2031.

The current price of Phala (PHA) is $0.03691. As the #662 cryptocurrency by market cap, PHA has seen a -1.01% change in the last 24 hours with a trading volume of $22.93K.

The highest price Phala has ever reached was $1.39000 on January 18, 2021. Since then, PHA has experienced significant market fluctuations while maintaining its position in the cryptocurrency ecosystem.

The lowest price of Phala ever recorded was $0.124413 on October 13, 2022, which is significantly lower than its all-time high of $1.40885 reached on May 15, 2021.

Currently, 1 PHA is worth $0.03691.

Phala is valuable for its privacy-focused cloud computing infrastructure, supporting Web3 applications with secure data processing. Currently ranked 662 with a price of $0.03691, it offers unique solutions in AI, DePIN, and zero-knowledge technologies, driving its market cap of $30.93M.

Phala has a maximum supply of 1 billion PHA tokens. Currently, there are approximately 798.45 million PHA in circulation, which is about 79.8% of the total supply.

Mining Phala can be profitable depending on electricity costs and current $0.03691. With Phala's recent 24-hour trading volume of $22.93K, miners should consider equipment efficiency and market conditions before investing.

Phala was launched on September 13, 2020, as indicated by the 'date_added' information in the cryptocurrency's metadata. This marks the official introduction of PHA to the digital asset market.

Currently, one PHA costs $0.03691.

You can buy Phala through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy PHA at $0.03691. Crypto ATMs also offer direct purchases.

To purchase PHA, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to PHA trading pair, enter purchase amount, and confirm your transaction. Store your PHA in a secure wallet for safekeeping.

Yes, Phala (PHA) is generally considered legitimate. Ranked #662 with a market cap of $30.93M, it has established itself in the Web3 ecosystem. The project has active development, partnerships, and community support. As with all cryptocurrencies, standard security practices are recommended when investing.

Phala (PHA) is the native cryptocurrency of the Phala Network, currently ranked #662 with a price of $0.03691. It powers a decentralized privacy-preserving computing network focused on Web3, AI, and data privacy solutions.

Phala's future looks promising with its focus on privacy, security, and scalability for decentralized AI. As a key player in Web3, Phala is positioned to support the next generation of decentralized applications through 2026 and beyond.

Yes, Phala is categorized in the AI sector. It focuses on AI-driven computing, supporting compute providers and AI Agent Contracts through its PHA token. The project combines blockchain technology with artificial intelligence capabilities.

As of 2026-05-10, Phala (PHA) is worth $0.03691 with a market cap of $30.93M. It's ranked #662 with a 24h change of -1.01% and 24h trading volume of $22.93K. The circulating supply is 838.21M PHA.