PHALA Price

Phala Network (PHA) is a cryptocurrency functioning as the execution layer for Web3 AI. It allows AI agents to become verifiable, tamper-proof components of smart contract applications.

Phala Network solves the AI execution dilemma by providing a multi-proof system that verifies off-chain AI computations before relaying outcomes to smart contracts. Developers can agentize smart contracts using natural language, creating agents that remain unstoppable and fraud-resistant. These agents connect across chains, allowing coordinated multi-agent economies.

Phala Network operates on its own blockchain using a multi-proof system that integrates Trusted Execution Environment (TEE) technology. The blockchain-TEE hybrid architecture hosts AI agents with decentralized hosting and smart contract governance, ensuring protected prompts and low-latency execution without gas fees.

PHA exists as an ERC-20 token on Ethereum and as a native asset on the Sora blockchain, facilitating cross-chain interoperability. The network incorporates zero-knowledge proofs, rollup scalability, and a DePIN framework where worker nodes supply hardware-secured computation. Smart contracts on Ethereum and other EVM-compatible chains can directly interact with Phala's AI Agent Contracts.

Originating within the Polkadot ecosystem, the Phala Network project leveraged Substrate to build a confidential and verifiable execution layer for AI. Its token distribution seeded a network of TEE worker nodes, and its token later entered the DWF Labs financial portfolio. The project gained traction through integrations with AI frameworks and rollup infrastructures, carving a niche at the intersection of distributed computing and machine learning.

Phala Network aims to bring programmable, verifiable AI to the blockchain space, targeting the first billion Web3 users. The long-term objective is a permissionless AI economy where agents can transact autonomously without centralized intermediaries undermining trust. By combining confidentiality with on-chain settlement, it seeks to make AI a native, composable resource across decentralized applications.

Within the protocol, PHA is the native unit of account for accessing AI computation and rewarding worker nodes. Node operators must stake PHA as collateral to join the TEE network and earn fees for correctly executing AI tasks. Governance of protocol parameters and treasury decisions is executed through PHA-weighted voting.

TEE node operators stake PHA to secure their position and receive emissions proportional to the computation they contribute. Developers lock or spend PHA to deploy AI agents and pay for computation on demand. Token holders who do not run infrastructure can participate in governance referendums and liquidity provisioning pools to influence the network's direction.

Phala Network has a maximum supply of 1,000,000,000 tokens. Currently, 835,742,111.16 are in circulation. With a market capitalization of $28,225,281.00, Phala Network ranks #705 among all cryptocurrencies.