Phala Network price

in EUR
€0.083275
-- (--)
EUR
Market cap
€67.74M #189
Circulating supply
813.56M / 1B
All-time high
€1.259
24h volume
€10.70M
3.9 / 5
PHAPHA
EUREUR

About Phala Network

PHA (Phala Network) is a privacy-focused cryptocurrency that enables secure, decentralized computing. It uses advanced technology called Trusted Execution Environments (TEEs) to protect data while it's being processed, making it ideal for applications that require confidentiality, like AI or legal services. PHA is used within its ecosystem to power smart contracts, pay for services, and participate in network governance. Unlike many cryptocurrencies, Phala Network focuses on real-world privacy solutions, offering a trustworthy way to handle sensitive information on the blockchain. Its technology has gained recognition from major industry players, positioning it as a key project in the growing field of confidential computing.
AI insights
Infrastructure
CertiK
Last audit: Jul 17, 2021, (UTC+8)

Phala Network’s price performance

Past year
-11.53%
€0.09
3 months
-13.48%
€0.10
30 days
-10.29%
€0.09
7 days
-6.10%
€0.09
Phala Network’s biggest 24-hour price drop was on Feb 25, 2021, (UTC+8), when it fell by €0.91908 (-72.97%). In Feb 2021, Phala Network experienced its biggest drop over a month, falling by €1.026 (-81.46%). Phala Network’s biggest drop over a year was by €1.069 (-84.92%) in 2021.
Phala Network’s all-time low was €0.060557 (+37.51%) on Oct 13, 2022, (UTC+8). Its all-time high was €1.259 (-93.39%) on Feb 25, 2021, (UTC+8). Phala Network’s circulating supply is 813,558,187 PHA, which represents 81.35% of its maximum circulating supply of 1,000,000,000 PHA.
70%
Buying
Updated hourly.
More people are buying PHA than selling on OKX

Phala Network on socials

Eli5DeFi
Eli5DeFi
➥ Privacy 2.0: The Infrastructure Web 3.0 Has Been Waiting For Crypto promised privacy but delivered exposure. Every wallet, trade, and action stayed public. Privacy 2.0 fixes this through encrypted computation, giving users control over what stays visible. Here’s everything you need to know about Web3 privacy in 30s 🧵 — — — ► Why Privacy Matters Now From 2015 to 2022, global breaches more than doubled, exposing over 10 billion records. People are realizing how easily their data can be tracked and monetized. In Web3, every wallet, trade, and transaction is public. Transparency builds trust but eliminates privacy. Privacy-first apps are already growing fast. Telegram and Signal gained millions of users between 2019–2021. Brave reached 66M monthly users in 2023, proving users want control. That same demand is moving to crypto. Builders are creating private DeFi, AI, and gaming protocols. Users want data ownership. This shift defines Privacy 2.0 — privacy built into the base layer of Web3. — ► The Problem with Web3 Privacy ➤ Blockchains are transparent by default. Over 40% of on-chain activity is traceable through analytics tools. ➤ This openness builds trust but removes confidentiality. Traders and institutions can’t operate securely without exposing strategies. ➤ Developers can’t build private primitives like dark order books or shielded lending when every transaction is public. ➤ Around 60% of institutions avoid on-chain activity due to compliance risks and data visibility. ➤ Without privacy infrastructure, Web3 adoption remains limited. Transparency without protection isn’t trust — it’s exposure. — ► Privacy 2.0 Crypto achieved transparency but not confidentiality. Privacy 2.0 introduces encrypted computation, keeping data private while results remain verifiable. ➤ Phase 1.0 Focused on transactional anonymity. Projects: @monero, @Zcash used ring signatures and zk-SNARKs to hide senders, receivers, and amounts. ➤ Phase 1.5 Extended privacy to smart contracts but limited composability. Projects: @SecretNetwork, @OasisProtocol used TEEs for secure execution; @RAILGUN_Project applied zk-SNARKs for private DeFi. ➤ Phase 2.0 Known as Decentralized Confidential Computing (DeCC). Enables shared private state, multiple users and dApps compute on encrypted data without revealing inputs. Projects: @ArciumHQ, @UmbraPrivacy, @nillionnetwork, Fhenix use MPC and FHE to power private DeFi, AI, and gaming. — ► Five Core Privacy Technologies Privacy 2.0 runs on five main cryptographic systems enabling encrypted computation with verifiable results. ❶ Zero-Knowledge Proofs (ZK) Prove validity without exposing data. Projects: @AleoHQ, @MinaProtocol, @RAILGUN_Project, @Zcash, @Aleph__Zero use ZK for private transactions and computation proofs. ❷ Multi-Party Computation (MPC) Distributes encrypted workloads across nodes that compute jointly without sharing inputs. Projects: @ArciumHQ, @nillionnetwork (using multiple privacy techniques), @partisiampc apply MPC for encrypted DeFi, AI, and cross-chain logic. ❸ Trusted Execution Environments (TEEs) Secure hardware enclaves that isolate and process encrypted data. Projects: @SecretNetwork, @OasisProtocol, @PhalaNetwork, @tenprotocol, @MarlinProtocol, and @iEx_ec use TEEs for confidential smart contracts. ❹ Fully Homomorphic Encryption (FHE) Enables computation directly on encrypted inputs. Projects: @FhenixIO, @zama_fhe, @inconetwork use FHE for private trading, lending, and analytics. ❺ Garbled Circuits (GC) Encrypt computation logic instead of raw data, letting multiple parties compute together without exposing inputs. Projects: @COTInetwork, @FairGateLabs, and other research teams use GC for scalable, low-latency encrypted payments and compute protocols. — ► Use Cases Privacy 2.0 opens a new design space for developers, combining confidentiality with verifiability. ➤ Private DeFi Dark order books, private swaps, and shielded lending for traders and institutions. ➤ AI and Data Analytics AI models can train on encrypted data using privacy-preserving compute. ➤ Gaming Hidden-state mechanics like on-chain poker or fog-of-war remain fair and verifiable. ➤ Healthcare and Identity Sensitive data can be analyzed without exposure, improving compliance and security. — ► Wrap-Up The blockchain trilemma solved decentralization and scalability but left privacy behind. Every transaction is public, exposing users and institutions. Without privacy, transparency turns into risk. Web3 cannot be secure until users control their data. Privacy 2.0 completes the trilemma with encrypted computation: keeping data private, results verifiable, and networks truly secure.
Agent Joshua ₱
Agent Joshua ₱
Revenge Tour I'll be the bad guy Anybody who is looking to test out EigenCloud, I will give you my time to deploy to a REAL PRODUCTION TEE CVM on Phala Cloud. I will walk you through how to make your application TEE native with dstack to generate deterministic keys and remote attestations. You want ERC-8004 compliance? I'll class up your agent to be TEE verified where no human generates your agent's keys. Hell, drop your ERC-8004 github repo below 👇 I will make it TEE compliant. My first victim is Shaw's Amongus ERC 8004 demo. Converted each agent to generate wallets in TEE and register themselves onchain. No more playing games. Don't worry, class is in-session, so take more notes. I'll have my 2 newborns deploying to production in no time. VibeVM + ERC-8004 TAKEOVER IS IN PROGRESS. NO PERMISSION NEEDED 😉
日拱一卒王小楼💢
日拱一卒王小楼💢
New Thoughts on Privacy Technology After TEE Was Compromised To be honest, I was shocked when I saw the news that European researchers had compromised TEE security with a $50 device. This is not some distant academic research; it is a real security crisis happening right before our eyes. The "hardware-level security" that we once believed in so deeply has been cracked by a cheap little gadget. How much we once believed in TEE Do you remember a few years ago when Intel SGX and AMD SEV-SNP first came out? The entire industry was buzzing. I was also incredibly excited! Finally, there was a seemingly perfect solution—creating an absolutely secure "safe room" within the CPU that even the operating system couldn't peek into. This was simply the holy grail of privacy computing! At that time, I saw many blockchain projects using TEE: Phala Network, Secret Network, Crust Network... Everyone thought they had found the ultimate answer to privacy protection. I myself wrote several articles, excitedly introducing this technology to readers. Looking back now, we were really too naive at that time. "Absolutely secure" compromised for $50 Last month, researchers from three European universities released two attack methods: Battering RAM and WireTap. Do you know what the most ironic part is? The Battering RAM attack only requires a $50 hardware device! $50! This price is not even enough for a decent meal, yet it can compromise security infrastructures worth billions of dollars. This device is called an "interposer," which is a small gadget that sits between the CPU and memory. It manipulates electrical signals to cause the CPU's encryption engine to produce "memory confusion"—treating different memory addresses as the same address. And then? The attacker can: Capture encrypted data Replay data to decrypt content Inject backdoors and malicious code Forge security certification reports Even scarier, this type of attack can be achieved through supply chain poisoning. Your server could be tampered with during transport, and you would never know! Intel's response disappointed me even more When I saw Intel's official response, my heart sank completely. They said these attacks were "outside our protection boundary." What does that mean? Translated, it means: "Yes, this did compromise our security, but it is not within the scope of what we promised to protect." What kind of response is that! It's like you bought a "completely secure" lock, and then a thief came in through the window, and the lock manufacturer said: "We only guarantee the lock is secure; we don't cover the window." This kind of blame-shifting attitude made me realize a harsh truth: hardware-based security is fundamentally flawed. Why I am now all in on FHE Just when I was feeling despair about privacy technology, I re-examined what Zama is doing with Fully Homomorphic Encryption (FHE). In the past, I thought FHE was too slow, too complex, and impractical. But now my thinking has completely changed. Let me use a metaphor to explain the difference between FHE and TEE: **TEE is like building a safe in your home.** You lock your valuables inside, hoping the thief can't open it. But the problem is, if the thief has enough time and tools, the safe can always be opened. **FHE, on the other hand, is completely different.** It's like turning your valuables into a pile of seemingly meaningless fragments, but these fragments can be manipulated in various ways without restoring them to their original form. Once the operations are complete, only you have the key to restore the result. Even if the thief steals all the fragments, they are worthless in their eyes—because without the key, this data is just a pile of random noise. How cool what Zama is doing is Zama is not doing theoretical research; they are creating truly usable FHE! Their TFHE (Ring-LWE Fully Homomorphic Encryption) technology can support infinite precise calculations. This means you can perform any complex operations on encrypted data without needing to decrypt it. Even cooler is their fhEVM—implementing FHE on the Ethereum Virtual Machine! Imagine this: All data remains encrypted on-chain Smart contracts operate directly on encrypted data Results are returned in encrypted form Only authorized parties can decrypt the results This is true on-chain privacy! It does not rely on any hardware, does not require trusting any third parties, and purely relies on mathematics to protect your data. What I learned this time This incident of TEE being compromised taught me a profound lesson: In the field of security, never put all your eggs in one basket. We once thought hardware was trustworthy, only to find out that hardware can be physically attacked. We thought the supply chain was secure, only to discover it can be poisoned. We thought data centers were reliable, only to find that insiders could do harm. Only mathematics, only cryptography, can be truly trusted. Because mathematics does not lie, and cryptographic algorithms cannot be compromised by a $50 device. Even if attackers have physical access, even if they can see every bit in memory, without the key, they can do nothing. In conclusion I know it may be too early to say "FHE is the future" right now. FHE still has performance issues, needs more optimization, and requires broader applications. However, direction is more important than speed. TEE is on the wrong path—it builds security on the assumption of hardware trustworthiness, which has been proven wrong time and again. FHE is on the right path—it builds security on a mathematical foundation that is unbreakable. So, when you ask me what privacy technology to focus on now, my answer is clear: go see what Zama is doing, learn about FHE, and think about how to apply it in your projects. This is not hype; this is my sincere advice after experiencing the disillusionment of TEE. Because I believe the future of privacy lies not in hardware, but in mathematics. @zama_fhe #ZamaCreatorProgram

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Phala Network FAQ

Phala Network (PHA) is a secure cloud computing service that offers a platform for developing personal computing applications.

Phala Network utilizes confidential smart contracts through a Trusted Execution Environment (TEE). By employing this method, Phala Network ensures the preservation of data privacy and security while harnessing the advantages of blockchain technology.

Easily buy PHA tokens on the OKX cryptocurrency platform. One available trading pairs in the OKX spot trading terminal is PHA/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for PHA with zero fees and no price slippage by using OKX Convert.

Currently, one Phala Network is worth €0.083275. For answers and insight into Phala Network's price action, you're in the right place. Explore the latest Phala Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Phala Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Phala Network have been created as well.
Check out our Phala Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Phala Network

Phala Network (PHA) is an advanced blockchain technology that enables private computing and secure software development. Built on the Substrate framework, this cloud service offers flexibility in addressing the increasing need for data privacy in today's information economy.

What is Phala Network?

Phala Network merges blockchain's decentralization and security features with the privacy offered by secure computing environments. This unique combination empowers developers to confidently build and utilize applications that handle sensitive data. With a mission to preserve the freedom and confidentiality of the Internet, Phala Network strives to become the leading infrastructure for blockchain privacy.

Phala Network team

The Phala Network is led by a team of highly skilled and experienced blockchain developers and enthusiasts. Co-founder and CEO Marvin Tong, who previously served as the technical head of the blockchain laboratory at Tencent, brings invaluable expertise to the project. 

Hang Yin, another co-founder, and the chief scientist, leverages his experience as the chief blockchain scientist at Ethereum Classic Labs. The team also benefits from the contributions of Shunfan Zhou, a former project lead at DOTWallet, who adds to their wealth of knowledge and experience. 

How does Phala Network work?

Phala Network operates through a confidential smart contract called "pallets." These pallets are executed within a secure environment called the Trusted Execution Environment (TEE), which resides in a protected area of the central processor. The TEE ensures data is processed securely and in isolation, safeguarding it against external exposure or leaks.

Phala Network collaborates with the Polkadot Network to enhance its security and scalability. The network architecture comprises two key components: the Phala Blockchain and the runtime. The Phala Blockchain handles consensus and on-chain governance, while the runtime operates within the TEE, executing confidential contracts and facilitating secure data processing.

Phala Network native token — PHA

The native token of Phala Network is called PHA. Within the Phala ecosystem, the PHA token serves multiple utility functions. It acts as a medium of exchange in the Phala marketplace, rewarding miners for their contributions, and can be used as a staking currency.

The road ahead for Phala Network

The future of Phala Network holds great promise as the platform aims to improve the blockchain ecosystem significantly. With ambitious growth and service enhancement goals, Phala Network is set to achieve new milestones. Notably, the upcoming integration with Polkadot and the introduction of the decentralized data analysis tool Web3 Analytics will bolster Phala's scalability and effectiveness.

One of the critical focuses of Phala Network is to enhance its privacy infrastructure. This involves refining technologies like Trusted Execution Environment (TEE) and secure zones to provide even stronger privacy measures. Additionally, Phala Network is committed to developing user-friendly tools, documentation, and resources for developers, fostering ecosystem growth and making it easier for developers to build privacy-focused applications on the platform.

Interoperability is another crucial aspect of Phala Network, recognizing the importance of seamless integration with other blockchain networks and traditional systems. The network aims to establish bridges and integration points that enable data transfer and assets between different platforms, expanding its reach and utility.

Phala Network places great emphasis on community engagement and governance. The network actively encourages community participation by organizing events, forums, and initiatives. Moreover, token holders can actively participate in decision-making processes, shaping the future direction of Phala Network.

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Market cap
€67.74M #189
Circulating supply
813.56M / 1B
All-time high
€1.259
24h volume
€10.70M
3.9 / 5
PHAPHA
EUREUR
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