PHALA Price, Live Chart & Market Cap

PHALA: The Secure DeFi Cloud for Private Computation and Staking

PHALA Overview

PHALA is a confidential cloud network built on Polkadot. It uses TEE nodes to secure data for DeFi. PHA powers staking, governance, and transaction fees. By integrating multiple chains, PHALA enables private features across the crypto ecosystem. Its cross-chain bridging and NFT support add flexibility for private computation at scale.

Utility & Use Cases PHA

Staking Rewards

Lock PHA to validate the network and earn daily yields. Node operators secure the system while stakers share rewards.

Privacy DeFi

Run private smart contracts that protect user data. This model prevents exposing sensitive trading or market strategies.

Community Governance

PHA holders can vote on proposals, shaping PHALA’s future. Governance decisions impact upgrades and treasury spending.

NFT Integration

Use PHA to mint and manage NFTs in private environments. PHALA’s TEE approach secures digital assets and token-based utilities.

PHALA Technologies Overview

TEE-Powered Privacy

Each node uses secure enclaves to run private computations. This hardware-level encryption keeps sensitive data confidential.

Cross-Chain Connectivity

As a Polkadot parachain, PHALA exchanges data with other networks. This makes DeFi apps more flexible and efficient.

Fast Transactions

Off-chain execution alleviates on-chain congestion. Users benefit from quick confirmations and scalable throughput.

Innovative Technology

PHALA combines Polkadot security with TEE enclaves to create a secure cloud. The result is verifiable, private, and ready for real-world apps.

Funding

PHALA raised early support through private rounds and Web3 Foundation grants, avoiding a traditional ICO. Later, it secured Polkadot and Kusama parachain slots via crowdloans, distributing PHA as rewards. This approach drew a broad community without large private allocations.

Roadmap

Mainnet & Parachain

PHALA launched on Polkadot, secured parachain slots, and integrated TEEs for confidential apps.

Cross-Chain Expansion

Bridges connected PHALA to external chains, enabling private DeFi solutions and NFT projects.

Future Upgrades

PHALA continues to enhance GPU-based TEE support and develop an Ethereum L2, aiming for broader adoption in Web3.

PHALA Security & Audit Reports

PHALA code was audited by third-party firms, with no major issues. TEE enclaves secure off-chain tasks, while Polkadot safeguards the main chain. Ongoing checks and bug bounties reinforce the platform’s reliability.

FAQ

How to stake PHA?

Use a Substrate wallet to bond tokens with a PHALA miner or stakepool. Rewards accrue as blocks are produced.

How to set up a PHALA wallet?

Install a Polkadot-compatible extension, create an address, and select PHALA’s network. You can then send and store PHA.

Where can I trade PHA?

You can trade PHA on several crypto exchanges and on certain DEXs. Always confirm the correct contract address.

What are the fees on PHALA?

Transaction costs are low. PHA is used to pay on-chain fees, which helps secure the network.

Can I join yield farming with PHA?

Yes. Some DeFi platforms support PHA liquidity pools, allowing you to farm rewards from your staked tokens.

Is PHALA suitable for private NFTs?

Yes. You can mint NFTs with hidden attributes and keep ownership data confidential using TEE-based privacy.

Top Crypto Exchanges to Trade PHALA (PHA)

#	Exchange	Pair	Price	24h Volume
1	Binance	PHA/USDT	~$0.24	$17,808,781
2	WhiteBIT	PHA/USDT	~$0.24	$4,685,399
3	LBank	PHA/USDT	~$0.24	$1,599,730
4	OKX	PHA/USDT	~$0.24	$1,302,178
5	Gate.io	PHA/USDT	~$0.24	$4,784,208
6	DigiFinex	PHA/USDT	~$0.24	$918,011
7	HTX	PHA/USDT	~$0.24	$1,800,915
8	CoinW	PHA/USDT	~$0.24	$1,166,741
9	MEXC	PHA/USDT	~$0.24	$497,950
10	DeGate	0X6C5BA916.../0XA0B86991...	~$0.24	$171,073
11	Bitvavo	PHA/EUR	~$0.23	$727,060
12	Hotcoin	PHA/USDT	~$0.24	$3,078,297
13	Bitunix	PHA/USDT	~$0.24	$1,324,444
14	KuCoin	PHA/USDT	~$0.24	$523,346
15	BitMart	PHA/USDT	~$0.24	$1,084,760
16	Binance	PHA/BTC	~$0.0000024	$750,966
17	BVOX	PHA/USDT	~$0.24	$370,424
18	Binance	PHA/TRY	~$8.65	$295,113
19	Phemex	PHA/USDT	~$0.24	$264,985
20	PointPay	PHA/USDT	~$0.24	$278,136
21	BYDFi	PHA/USDT	~$0.24	$56,589
22	Uniswap V2 (Ethereum)	0X6C5BA916.../0XC02AAA39...	~$0.000075	$147,691
23	CoinEx	PHA/USDT	~$0.24	$25,985
24	LATOKEN	PHA/BTC	~$0.0000024	$10,475.64
25	Uniswap V3 (Ethereum)	0X6C5BA916.../0XC02AAA39...	~$0.000075	$11,476.59
26	BTCC	PHA/USDT	~$0.24	$7,906,756
27	Ourbit	PHA/USDT	~$0.24	$959,964
28	Pionex	PHA/USDT	~$0.24	$149,878
29	TokoCrypto	PHA/USDT	~$0.24	$76,636
30	Hibt	PHA/USDT	~$0.24	$190,900
31	Bitrue	PHA/USDT	~$0.24	$1,523,017
32	Bitget	PHA/USDT	~$0.24	$260,325
33	WEEX	PHA/USDT	~$0.24	$33,646
34	BloFin	PHA/USDT	~$0.24	$74,287
35	Binance	PHA/USDC	~$0.24	$173,627
36	LATOKEN	PHA/USDT	~$0.24	$7,109.2
37	TokoCrypto	PHA/BTC	~$0.0000024	$16.55
38	CoinEx	PHA/BTC	~$0.0000024	$2,543.93
39	KuCoin	PHA/ETH	~$0.000074	$1,210.57
40	OKX	PHA/USDC	~$0.24	$193.88
41	Bibox	PHA/USDT	~$0.24	$1,362,178
42	Bibox	PHA/ETH	~$0.000075	$263,358
43	Nami.Exchange	PHA/USDT	~$0.24	$4,277.28
44	Tothemoon	PHA/USDT	~$0.24	$11,185.19
45	Indodax	PHA/IDR	~$3,962	$14,538.15
46	Nami.Exchange	PHA/VNST	~$6,186	$3,460.77
47	Hydration	PHA/USDC	~$0.24	$77,013
48	Hydration	PHA/IBTC	~$0.0000023	$4,583.69
49	Hydration	HDX/PHA	~$0.031	$191.6
50	Bibox	PHA/BTC	~$0.0000024	$269,501
51	Kraken	PHA/USD	~$0.28	$304,056
52	CoinDCX	PHA/INR	~$23.26	$113,866
53	Bit2Me	PHA/EUR	~$0.27	$58,190
54	Kraken	PHA/EUR	~$0.27	$52,591
55	Giottus	PHA/INR	~$24.52	$783.38
56	Coinone	PHA/KRW	~$438	$1,400
57	Hydration	PHA/USDT	~$0.23	$50,333
58	Hydration	DOT/PHA	~$26.06	$43,122
59	ZebPay	PHA/INR	~$24.05	$3,337.46
60	Karura Swap	ASEED/PHA	~$1.16	$3,035.67
61	ChangeNOW	PHA/BTC	~$0.0000023	$104.55
62	Hydration	PHA/VDOT	~$0.027	$69.37
63	Hydration	PHA/INTR	~$30.082	$2.19
64	Hydration	PHA/CFG	~$0.93	$8,974.53
65	Hydration	PHA/ASTR	~$4.91	$1,542.35
66	Hydration	PHA/CRU	~$0.9	$185.47
67	Hydration	PHA/BNC	~$1.37	$1.49
68	Hydration	PHA/GLMR	~$1.37	$7,162.76
69	Mudrex	PHA/USDT	~$0.27	$2,641.72
70	Hydration	PHA/WETH	~$0.000091	$447.54