Name: Phala Network
Brand: Binance
Price: 0.04 KZT
Availability: InStock

Price of Phala Network Today

The live price of Phala Network is $0.038628 per (PHA / USD) with a current market cap of $31.78M USD. 24-hour trading volume is $6.84M USD. PHA to USD price is updated in real-time. Phala Network is -1.54% in the last 24 hours with a circulating supply of 822.66M.

PHA Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000604	-1.54%
30 Days	$-0.002582	-6.27%
60 Days	$-0.016611	-30.07%
90 Days	$-0.032753	-45.88%

Phala Network Chart Performance

24h Low & High

Low: $0.037568

High: $0.039618

The highest and lowest price paid for this asset in 24 hours.

All Time High

$1.409396

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

+1.31%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-1.54%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

-3%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.037568

High: $0.039618

All Time High

$1.409396

Price Change (1h)

+1.31%

Price Change (24h)

-1.54%

Price Change (7d)

-3%

About Phala Network (PHA)

Phala Network is a coprocessor for blockchains. Developers deploy Phat Contracts, an 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 products include Phat Contract, SubBridge, inDEX and PhalaWorld.

PHA is the native token of the Phala Network and can be used for Trusted Computing where users spend PHA to utilize TEE resources for off-chain computations, enabling secure deployment of Phat Contracts across various blockchains. PHA holders with sufficient tokens can join the Phala DAO and actively participate in shaping the network's future through voting.

The live price of PHA is available and updated in real time on Binance.

People Also Ask: Other Questions About Phala Network

What Is Phala Network (PHA)?

Phala Network serves as a specialized coprocessor for blockchains, enabling developers to deploy Phat Contracts - powerful off-chain programs that enhance decentralized applications (dApps). These contracts offer expanded functionalities like internet connectivity and heavy computation, effectively overcoming the limitations of web3 platforms.

How Many PHA Coins Are There in Circulation?

There is a maximum supply of 1 billion PHA. The circulating supply of PHA is dynamic and stands at 672,007,691 PHA tokens currently.

Who Is The Founder of Phala Network?

One of the founders of Phala Network is Marvin Tong, who is the CEO of Hash Forest Technologies. Hang Yin, the CTO of Hash Forest Technologies is the co-founder of Phala Network. Yin was also the founder and lead developer of Bitcoin Gold and served as a senior developer at Google.

What is PHA Token Used For?

PHA is the utility token of the Phala Network. It is used for:

Trusted Computing: Users spend PHA to utilize TEE resources for off-chain computations, enabling secure deployment of Phat Contracts across various blockchains.
Security: Gatekeepers, responsible for ensuring network integrity, must stake PHA, risking its loss for misconduct.
Governance: PHA holders with sufficient tokens can join the Phala DAO and actively participate in shaping the network's future through voting.

How To Buy Phala Network (PHA)?

Phala Network (PHA) can be purchased directly from Binance by using a debit or credit card. Phala Network (PHA) can also be traded for other cryptocurrencies on Binance. Live Phala Network price is updated real-time on Binance. Additionally, PHA crypto price and purchase information is available for users to read on our How to Buy Phala Network (PHA) Guide.

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