What is Phala Network?

Phala Network (PHA) is an altcoin currently ranked 406th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.0349, Phala Network carries a market capitalization of $28.30M. Daily trading volume across exchanges sits at roughly $9.15M. That works out to a 24-hour turnover of about 32.35% of the float — unusually high turnover, the kind of activity that accompanies major news or speculative spikes.

Price action across timeframes

Over the past 24 hours, Phala Network has moved ++4.32%; over the past week, Phala Network has moved ++1.44%; over the past 30 days, Phala Network has moved ++7.98%; over the past year, Phala Network has moved -73.87%. The trend reads as broadly constructive across timeframes — short-, mid-, and long-term momentum align positively.

Cycle position

Phala Network is currently trading far below its all-time high (all-time high of $1.22, -97.1% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward.

Supply & dilution

The circulating supply stands at 1,000,000,000 PHA. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.

Volatility profile

Recent price action puts Phala Network in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities. Over the past 30 days, the 30-day move totals +7.98%, which traders should weigh against position sizing and stop-loss placement.

How to evaluate Phala Network

A balanced read on PHA typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is PHA performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

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. Source: CoinPaprika.com