PHALA

PHA Price

What Is Phala Network (PHA)?

Phala Network is a coprocessor for blockchains. Developers deploy “Phat Contracts,” off-chain program for coprocessors, enhancing dApps with connectivity, internet access, and heavy computation, overcoming web3 constraints.

Phala Network has one of the largest Trusted Execution Environments (TEE) on Intel Software Guard Extensions (SGX) hardware, which means that any code/data on Phala Network is protected from unauthorized access by users. Phala addresses developer concerns with expanded developer language support such as JavaScript and more, and ready-to-deploy Templates for seamless Phat Contract integration, streamlining the experience for web3 developers.

Phala stands at the forefront of Web3 innovation, fostering development through its Builders Program.

How Many PHA Coins Are There in Circulation?

There is a maximum supply of 1 billion PHA. As of January 17th, 2024, the circulating supply of PHA tokens is 663,448,259. Please note that the circulating supply is dynamic. 
 

Who Are the Founders of Phala Network?

• Marvin Tong: CEO of Hash Forest Technologies. Senior Product Manager. Ex Tencent and Didi.
• Hang Yin: CTO of Hash Forest Technologies. Founder and Lead Developer of Bitcoin Gold. Senior Developer at Google. 10 years of coding experience. 

Where Can I Buy Phala (PHA)?

Binance
Kraken
OKX
Kucoin
Uniswap
1inch
HydraDX Omnipool
 

What Makes Phala Unique?

Phala Networks pioneers DePIN for CPUs, optimizing performance. Decentralized compute enhances blockchain coprocessors, ensuring secure transactions. The future entails AI-Web3 synergy, with Autonomous Agents providing scalable, autonomous data processing.

Phala Network distinguishes itself through its Phat Contracts, a paradigm-shifting concept in decentralized off-chain computation. The key uniqueness of Phat Contracts lies in their role as decentralized computation units, surpassing the limitations of on-chain smart contracts. These contracts run off-chain, facilitating complex computations seamlessly and cost-effectively. Unlike traditional on-chain solutions, Phat Contracts enable connections across diverse blockchains, supporting EVM and Substrate-based chains like Ethereum, Polygon, Polkadot, and more.

Phat Contracts empower developers with a range of tools—such as the Rust SDK and JavaScript and TypeScript—providing flexibility based on their programming background.

Phat Contract applications include Zurf for web3 social rewards, Phat OTP for secure on-chain authentication, Phat Strategy in GameFi, Lens Phite for dynamic NFTs, Smart Cookie for AI-driven content tailoring, and LensAPI Oracle for seamless integration of Lens data in smart contracts.

PHA is the native utility token that is used for:

• Trusted Computing Resources: Phala Networks empowers users with $PHA to access TEE computation resources. Seamlessly deploy Phat Contracts, supporting smart contracts as self-host oracles on various EVM blockchains.
• Security Guarantee: Gatekeepers must stake a certain amount of PHA tokens, which may be slashed for misbehavior.
• Governance: Stakeholders who own a certain amount of PHA are able to join the Phala DAO to participate in community governance.
   

Phala products include:

• Phala products include:
• Phat Contract
• SubBridge
• inDEX
• PhalaWorld

Where can you buy PHALA?

PHA tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade PHALA is Binance, where the most active trading pair PHA/USDT has a trading volume of $10,637,346.16 in the last 24 hours. Other popular options include Bitvavo and Ourbit.

What is the daily trading volume of PHALA (PHA)?

The trading volume of PHALA (PHA) is $59,651,779.91 in the last 24 hours, representing a -72.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for PHALA (PHA)?

PHALA (PHA) reached an all-time high of $1.39 and an all-time low of $0.01922. It’s now trading -94.90% below that peak and 270.20% above its lowest price.

What is the market cap of PHALA (PHA)?

Market capitalization of PHALA (PHA) is $60,964,509 and is ranked #434 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PHA tokens (860 Million tokens are tradable on the market today).

What is the fully diluted valuation of PHALA (PHA)?

The fully diluted valuation (FDV) of PHALA (PHA) is $71,131,900. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion PHA tokens are in circulation today. Depending on how the emission schedule of PHA tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of PHALA compare against its peers?

With a price increase of 97.90% in the last 7 days, PHALA (PHA) is outperforming the global cryptocurrency market which is up 3.80%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 6.30%.

How to add PHALA (PHA) to MetaMask?

Adding PHALA (PHA) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PHA as a token. You can copy PHA’s contract address (0x6c5ba91642f10282b576d91922ae6448c9d52f4e) and import it manually, or if you've installed MetaMask's chrome extension, add PHA to MetaMask with one click on CoinGecko.

Add PHA to MetaMask.