About Phala Network
Trading Insights
Searched
53
Market Stats
Market Cap
£70.69M
5.86%
FDV
£88.04M
Circ. Supply
803M PHA
Max Supply
1B PHA
Total Supply
1B PHA
Diluted Valuation
£87.77M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£18.70M
41.43%
Volume (7D)
£110.48M
Volume (30D)
£538.65M
All time high
£1.05
Price Change (1Y)
-14%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Phala Network has decreased by 0.67% in the last hour and increased by 6.47% in the past 24 hours. Phala Network’s price has also risen by 20.55% in the past week. The current price is £0.0880 per PHA with a 24-hour trading volume of £18.70M. Currently, Phala Network is valued at 91.64% below its all time high of £1.05. This all-time high was the highest price paid for Phala Network since its launch.
The current circulating supply of Phala Network is 803,029,092.491 PHA which means that Phala Network has as total market cap of £70,694,737.15.
Market details
PHA vs markets
↘ 46.42%
PHA vs BTC
↘ 53.67%
PHA vs ETH
↘ 9.11%
Tags
ai-big-data
distributed-computing
privacy
zero-knowledge-proofs
+18
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0880 | ↗ 6.34% |
1 Day | £0.0825 | ↗ 6.47% |
1 Week | £0.0719 | ↗ 20.55% |
1 Month | £0.0793 | ↗ 9.15% |
1 Year | £0.11 | ↘ 14.00% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Phala Network is a Web3.0 community-driven, confidential smart contract network that is enabled by a TEE-Blockchain Hybrid Architecture. TEE or Trust Execution Environment is a special hardware component that is isolated from the rest of the system. With the help of Web3.0 tools, Phala aims to make blockchain confidential eliminating third-party intermediaries. Web 3.0 represents the next phase of the evolution of the Internet/web.
According to the whitepaper, Phala supports cross-chain integration as a native blockchainbuilt on Substrate. This empowers Phala to become the infrastructure of confidentiality for any blockchain across the world. Substrate is an open-source framework that makes building a blockchain fast, cheap, and easy. Phala Network decouples the computation from the chain to miners or off-chain secure workers. The secure workers of the network leverage TEE to ensure the performance of blockchain’s computation, confidentiality, and security.
PHA is the native token of Phala Network. The team of Phala seeks to distribute tokens via ERC20. One of the main features of the Phala Network includes a security guarantee. The network guarantees security by fining the users who betray the Gatekeeper rules. In the Phala network, Gatekeeper orTEE miner is the core role that maintains the stability of the consensus. To be a Gatekeeper in the Phala Network, one must stake a certain amount of PHA. Miners who stake more PHA would be consideredmore trustful.
PHA token is the core of Phala governance. PHA token holders participate in community proposals by initiating proposals, voting on valid proposals, and changing the order of proposals.
Hang Yin is one of the co-founders of Phala Network. He is the former senior software engineer at Google. Moreover, he has profound experience in artificial intelligence. Marvin Tong, the investment advisor of PAKA Fund, is also a Co-founder of Phala. Jun Jiang is the CTO of Phala Network. The maximum supply of the PHA token is one billion.
We update our Phala Network to GBP currency in real-time. Get the live price of Phala Network on Coinbase.
The current market cap of Phala Network is £70.69M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Phala Network is £1.05. This all-time high is highest price paid for Phala Network since it was launched.
Over the last 24 hours, the trading volume of Phala Network is £18.70M.
Assets that have a similar market cap to Phala Network include Yield Guild Games, Banana Gun, Subsquid, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Phala Network is 803 million.
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Legal
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