The edge that pays for itself.
Phala Network (PHA) Price
Phala Network Price
Technical Analysis
Daily indicators based on 1d candle data
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| BitradeX | PHA/USDT | 0.10 | 122,285.00 | 121,956.84 | 6.65 M | 1.18 | cex | 342.00 | 7/9/2025, 6:21 AM |
| Echobit | PHA/USDT | 0.10 | 93,051.61 | 40,651.29 | 3.80 M | 0.36 | cex | 25.00 | 7/9/2025, 6:21 AM |
| HTX | PHA/USDT | 0.10 | 2,301.91 | 10,462.80 | 1.89 M | 0.10 | cex | 344.00 | 7/9/2025, 6:23 AM |
| Bibox | PHA/USDT | 0.10 | 3,219.69 | 3,232.25 | 1.26 M | 0.48 | cex | 96.00 | 7/9/2025, 6:21 AM |
| MEXC | PHA/USDT | 0.10 | 110,242.49 | 169,261.60 | 739,780.40 | 0.03 | cex | 512.00 | 7/9/2025, 6:18 AM |
| XXKK | PHA/USDT | 0.10 | 142,038.62 | 116,171.88 | 721,997.10 | 0.05 | cex | 103.00 | 7/9/2025, 6:21 AM |
| Toobit | PHA/USDT | 0.10 | 367,837.85 | 310,965.71 | 716,718.73 | 0.04 | cex | 484.00 | 7/9/2025, 6:21 AM |
| Binance | PHA/USDT | 0.10 | 116,364.92 | 130,239.74 | 649,080.02 | 0.01 | cex | 530.00 | 7/9/2025, 6:23 AM |
| BitMart | PHA/USDT | 0.10 | 52,643.52 | 58,400.99 | 630,058.06 | 0.04 | cex | 397.00 | 7/9/2025, 6:21 AM |
| Hotcoin | PHA/USDT | 0.10 | 12,674.80 | 10,618.66 | 507,487.00 | 0.07 | cex | 334.00 | 7/9/2025, 6:20 AM |
Phala Network FAQ
Phala Network serves as the Execution Layer for Web3 AI, facilitating AI's ability to comprehend and interact with blockchains. This advancement removes barriers, paving the way for the first billion users to embrace Web3. Phala Network addresses the AI execution challenge with its multi-proof system. Utilizing Phala Network, you can seamlessly develop tamper-proof and resilient AI Agents, which are intricately linked with on-chain smart contracts through AI-Agent Contracts. 1. Agentize Smart Contracts: Develop AI Agents for smart contracts using both natural and programming languages. 2. Connect to the Internet of Multi-Agents: Enable your agents to be accessible to other cross-chain AI Agents. 3. Launch AI Agents and Receive Incentives: Retain ownership of your agents and cultivate a profitable token economy.
Powered by the largest Trusted Execution Environment (TEE) network, Phala Network offers full transparency while preserving privacy.
Phala Network serves as an AI execution layer with numerous benefits for individuals interested in developing Web3 services using AI. - Agentize Smart Contracts: Develop AI Agents centered around smart contracts for widely used Web3 services and smart contracts. - Decentralized and Private by Default: Supported by the largest Trusted Execution Environment (TEE) network, ensuring full transparency and privacy preservation. - Incentivized: Obtain funding and earn profits through Agent Wars by implementing innovative ideas. - Powerful: Program using a fully customizable JavaScript & WASM runtime. - Rich Integration: Supports integration with platforms such as OpenAI, LangChain, io.net, and more. For more detailed insights, visit the Eulerpool website.
The maximum supply of Phala Network (PHA) is set at 1 billion tokens. As of May 29, 2024, the circulating supply stands at 724,199,827 PHA tokens. It is important to note that the circulating supply is subject to change. For the most current information on the circulating supply, please refer to the API available at Eulerpool.
- Marvin Tong: CEO of HashForest Technologies. Experienced Senior Product Manager. Formerly with Tencent and Didi. 【X】【LinkedIn】 - Hang Yin: CTO of HashForest Technologies. Founder and Lead Developer of Bitcoin Gold. Senior Developer at Google with a decade of coding experience. 【X】【LinkedIn】【Github】
Phala Network (PHA) stands as a prominent project within the Polkadot and EVM ecosystems, particularly known for its coprocessor capabilities. PHA is listed on several leading exchanges, including: - Binance - Kraken - OKX - KuCoin - Uniswap - 1inch - HydraDX Omnipool For a comprehensive list, please visit Eulerpool.
With the advancements in autonomous AI agents, a new paradigm has emerged, highlighting the potential synergies between AI and blockchain technology. Visionaries within the blockchain sector have recognized these synergies, as exemplified by Vitalik’s blog post discussing AI and blockchain. AI agents can function as intelligent interfaces to blockchain systems, facilitating their understanding of the blockchain environment while ensuring that their actions, such as signed messages and transactions, align with their intentions to prevent manipulation or fraud.  At the intersection of AI and blockchain, AI agents lack certain critical elements that blockchain can address with the appropriate architecture. Phala Network's Blockchain-TEE hybrid system provides solutions that enable AI agents to operate like smart contracts by offering the following features: - Deployment on a decentralized platform to guarantee service availability. - Governance through smart contracts, including prompt management and access control. - Ability to interact with each other to create complex applications, with callers bearing the cost during the callee's execution. - Protection of prompt secrecy via TEE (Trusted Execution Environment). - High user interactivity with low latency requirements and no gas fees. These features culminate in a system where AI agents can operate within TEE workers, yet remain fully governed by on-chain smart contracts. This is the area where Phala excels. For additional information, please refer to Eulerpool.
- Introduction to PHA, the Native Token of Phala Blockchain - PHA Governance
Phala Network is pioneering the convergence of Web3 and artificial intelligence, establishing an ecosystem that harnesses advanced AI and decentralized technology. Our integrated approach encompasses the AI Agent Contract, Agent Wars, and Redpill, each fulfilling a unique role within our network: - **AI Agent Contract:** This contract enables web3 developers to construct decentralized AI applications. By offering a framework for developing autonomous AI agents, it empowers developers to innovate without the constraints of centralization. - **Agent Wars:** Serving as a proof-of-concept game, Agent Wars nurtures a multi-agent ecosystem where users can create, interact with, and profit from their AI agents. It illustrates how social presence can be monetized in an engaging and interactive manner. - **Redpill:** Redpill functions as an AI aggregator that optimizes the utilization of various AI models, including those from OpenAI and Claude. It leverages Phala’s AI Agent Contract to ensure that requests are both autonomous and unstoppable. Redpill is engineered to boost network usage and computational power, thereby significantly enhancing the Phala ecosystem. Further details about Phala Network can be found on Eulerpool.
- Trusted Computing Resources: Phala Network provides users with the ability to access Trusted Execution Environment (TEE) computational resources using $PHA tokens. This allows for the seamless deployment of Phat Contracts, which support smart contracts as self-hosted oracles on various EVM blockchains. - Security Guarantee: Gatekeepers are required to stake a specific amount of PHA tokens, which can be forfeited in cases of misbehavior. - Governance: Stakeholders holding a specified amount of PHA can join the Phala DAO, enabling participation in community governance.
- Phat Contract - SubBridge - inDEX - PhalaWorld
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