Phala price
Current price
$0.0295
−0.67% 24h
Live Updated just now
Today Phala slips 0.7%, in line with the market, We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next..
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View as table
| Time | Price |
|---|
Change by period
- 1 hour −1.01%
- 24 hours −0.67%
- 7 days −13.74%
- 30 days −42.35%
- 1 year −46.55%
Phala's move in context
Moving with the market
−0.67% in 24 hours, close to the whole market (−0.93%). Nothing specific to Phala stands out in the price.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$1.1M traded in the last 24 hours on the exchanges we read, about 47% of its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
Phala's last prices on 6 exchanges we read are within 0.31% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−13.7% over 7 days and −42.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Phala
Prices agree within 0.31% across these 6 exchanges.
- Binance Most traded PHA/USDT $778.73K 24h volume Last price $0.0295 0.00% vs our price
- MEXC PHA/USDT $76.85K 24h volume Last price $0.0294 −0.31% vs our price
- Gate.io PHA/USDT $64.78K 24h volume Last price $0.0295 −0.17% vs our price
- Bitget PHA/USDT $59.92K 24h volume Last price $0.0294 −0.24% vs our price
- HTX PHA/USDT $50.97K 24h volume Last price $0.0295 −0.05% vs our price
- KuCoin PHA/USDT $28.98K 24h volume Last price $0.0295 0.00% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Phala
Phala Network: Secure and Private Cloud Computing
Phala Network (PHA) is a decentralized protocol focused on delivering secure, privacy-preserving cloud computing services. Built on the Polkadot ecosystem, Phala enables developers and enterprises to deploy applications while ensuring data confidentiality and computational integrity. By combining blockchain technology with secure hardware, Phala provides a unique solution for privacy-focused computing.
Key Aspects of Phala Network
1. Privacy-Preserving Technology
Phala leverages Trusted Execution Environments (TEEs) to protect data during processing. This ensures that sensitive information remains confidential and secure, even when processed on decentralized nodes. TEEs form the foundation of Phala's privacy-preserving capabilities, making it suitable for use cases requiring high levels of data security.
2. Integration with Polkadot
As a parachain on Polkadot, Phala benefits from the network’s shared security and interoperability features. This integration allows Phala to communicate seamlessly with other blockchains in the Polkadot ecosystem, expanding its use cases and fostering cross-chain collaboration.
3. Scalable Cloud Computing
Phala’s decentralized architecture supports scalable and cost-effective cloud computing. Developers can deploy privacy-focused applications without relying on centralized service providers, reducing costs and eliminating single points of failure.
4. Dual Token Model
Phala operates with a dual-token model: PHA, the native utility token, and Gatekeeper tokens, which secure the network. PHA is used for transaction fees, staking, and governance, while Gatekeeper nodes ensure the protocol’s operational integrity.
Applications and Use Cases
Phala Network is ideal for use cases that require privacy and security, such as confidential smart contracts, secure data analysis, and private DeFi applications. Its ability to process sensitive data securely makes it suitable for industries like finance, healthcare, and supply chain management.
Development Background
Phala Network was launched by a team of blockchain and security experts who recognized the need for privacy-preserving solutions in decentralized computing. Since its inception, the project has achieved significant milestones, including its successful integration with the Polkadot ecosystem and the development of its TEE-based technology.
Community and Ecosystem
The Phala ecosystem is supported by an active and growing community of developers, validators, and users. Partnerships with leading projects within the Polkadot ecosystem and beyond have strengthened Phala’s position as a leader in privacy-focused cloud computing. The community also plays a key role in governance and protocol development.
Future Potential
Phala Network is poised to become a cornerstone of decentralized, privacy-preserving cloud computing. With plans to expand its integration with other ecosystems and enhance its computational capabilities, Phala is set to drive innovation in secure data processing. Its strong roadmap and commitment to privacy make it a critical player in the future of decentralized applications.
Phala market
- Position by market cap among the coins we track whose circulating supply is checked.
- #269
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $24.26M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $1.1M
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.0274 High $0.0304
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $1.39
- Now 2% of it Reached 15 May 2021 · Needs +4,612% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 822.47M PHA
- 82% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1B PHA
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B PHA
- The most coins that can ever exist. Some coins have no limit.
Phala converter
1 Phala = $0.0295
