What Phala Network connects
Phala Network (PHA) is a decentralized oracle network token, currently ranked 406th by market capitalization among the assets we track. Smart contracts are blind to anything off-chain; Phala Network is the bridge that lets them react to external data reliably. Node operators stake or earn PHA for supplying accurate feeds, and DeFi leans on those feeds to function.
Phala Network (PHA) is a privacy-preserving cloud computing service that enables decentralized applications to run securely using trusted execution environments. It aims to protect user data while providing scalable and efficient solutions in the blockchain ecosystem.
How the data stays trustworthy
An oracle is only useful if its data is hard to corrupt. Decentralized node sets, staking, and reputation systems exist so that no single operator can feed a contract a bad price and drain it.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in PHA. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Privacy & Security, and Smart Contracts.
Where Phala Network sits in the market
With PHA near $0.0259, Phala Network carries a market capitalization of $21.03M. Around $8.12M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 38.63% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Almost the entire PHA supply is already in circulation (~100.0% of the 1B cap), so future dilution is effectively off the table. PHA remains -98% beneath its all-time high of $1.22, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $0.0191, PHA is up +36%.
What the price history shows
Across timeframes, PHA shows 24-hour -8.57%, 7-day -29.23%, 30-day +10.06%, 1-year -74.60%. Within its stored 365-day daily history, PHA mounted a low-to-high run of roughly 144% at its strongest stretch.
Volatility profile
Recent action puts Phala Network in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals +10.06%, a useful input for stop placement and position sizing.
How to evaluate an oracle network like Phala Network
For an asset of this type, three lenses matter most:
- Integration breadth — how many protocols and how much value rely on Phala Network feeds.
- Data security — node decentralization and the crypto-economic stake protecting each feed.
- Token demand — whether PHA is genuinely required to pay for or secure the network's services.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
