PHALA (PHA) — price, overview & secure storage
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Last Updated on Jun 16, 2026 07:43 AM
What is PHALA? Complete guide to PHA
What is PHALA and who created it?
Phala Network is a pioneering platform that serves as the Execution Layer for Web3 AI. It enables artificial intelligence to seamlessly interact with blockchain technology, aiming to unlock the potential of Web3 for a billion users. By leveraging a multi-proof system, Phala Network addresses the AI execution problem, allowing developers to create tamper-proof and unstoppable AI Agents that integrate with smart contracts through the AI-Agent Contract.
Key features of PHALA blockchain
Phala Network offers several key features that set it apart in the blockchain and AI landscape. It allows for the development of AI Agents for smart contracts using both natural and programming languages. These agents can connect to other cross-chain AI Agents, making them accessible and versatile. Additionally, Phala provides a platform for launching AI Agents, enabling users to own their agents and build a profitable token economy. The network's AI Ecosystem includes the AI Agent Contract for building decentralized AI applications, Agent Wars for creating and monetizing AI agents, and Redpill, an AI aggregator that optimizes multiple AI models.
How PHALA transactions work
Phala Network operates by leveraging AI Agents to interface with blockchain technology, ensuring that behavior aligns with intentions and preventing fraud. The platform uses a Blockchain-TEE hybrid system, allowing AI Agents to function like smart contracts with decentralized hosting and governance. This system ensures protected prompts and offers low latency with no gas fees, making it efficient and cost-effective. The maximum supply of PHA coins is 1 billion, with a circulating supply of 724,199,827 PHA as of May 29, 2024. PHA tokens are available on major exchanges like Binance and Kraken.
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Tangem supports networks for PHALA
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Similar cryptocurrencies to PHALA (PHA)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $66,370.16 | 1.03% | $1.33T |
 EthereumETH | $1,772.87 | 3.24% | $0.21T |
 TetherUSDT | $0.9994 | 0.01% | $0.19T |
 BNBBNB | $617.98 | 0.37% | $83.30B |
 XRPXRP | $1.23 | 4.37% | $76.53B |
Frequently asked questions about PHALA (PHA)
- PHALA is a cryptocurrency built on a decentralized network, enabling secure and transparent transactions. Its blockchain design supports various use cases depending on the project’s goals.
- PHALA offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- PHA represents the same asset as PHALA. The ticker is simply a short label for trading and listing purposes.
- You can buy PHALA using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- Store PHALA in a non-custodial wallet where you control your keys. Tangem hardware wallets offer strong offline security.
How to store PHALA securely with a hardware wallet
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why Tangem is a trusted PHALA hardware wallet
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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