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Phala Network Price (PHA)

Phala Network Price (PHA)

Currency:
PHA to USD:
1 Phala Network equals $ 0.120584 USD-1.57%1D
Page last updated: 2024-12-22 14:32 (UTC+0)
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Note: This information is for reference only.

Price of PHA today

The live price of Phala Network is $ 0.120584 per (PHA / USD) with a current market cap of $ 92.96M USD. 24-hour trading volume is $ 14.76M USD. PHA to USD price is updated in real-time. Phala Network is -1.57% in the last 24 hours with a circulating supply of 770.91M.
PHA Price History USD
Date ComparisonAmount Change% Change
Today$ -0.001923-1.57%
30 Days$ -0.004489-3.59%
60 Days$ 0.010401+9.44%
90 Days$ -0.008272-6.42%

PHA Market Information

24h Low & High
Low: $ 0.116198
High: $ 0.125125
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)
-2.87%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
-1.57%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-28.14%
The percentage change in price for this asset compared to 7 days ago.

PHA Market Information

Popularity
#467
Popularity is based on the relative market cap of assets.
Market Cap
$ 92.96M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 14.76M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
770.91M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 120.58M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2020-09-11

What Can You Do With Phala Network (PHA)?

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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

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

PHA to Local Currency

FiatPriceOperation
1 PHA to TRY$ 0.120584
1 PHA to RUB$ 0.120584
1 PHA to EUR$ 0.120584
1 PHA to AED$ 0.120584
1 PHA to AUD$ 0.120584
1 PHA to BRL$ 0.120584
1 PHA to VND$ 0.120584
1 PHA to IDR$ 0.120584
Last updated 2024/12/22 02:32 (UTC)

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