PHALA

PHALA (PHA) is the native token of Phala Network. Phala builds confidential computing infrastructure that aims to protect data even while it is being processed by running computations in hardware-based trusted execution environments (TEEs). The project operated for a long time as a parachain in the Polkadot ecosystem and has recently focused in particular on running AI agents and models in a verifiable way.

In 2025, the community voted to wind down the parachain setup and move the network to the Ethereum ecosystem. Under this decision, confidential computing workloads were planned to run on Phala's Ethereum-based layer-two network, while staking and governance functions would continue on the Ethereum mainnet. The technical focus also shifted to newer-generation hardware such as Intel TDX processors and GPU-based confidential computing.

PHA exists as an asset under the Ethereum token standard and is used in staking by compute providers and in governance. The PHA price on Lzzo.com is based on the Binance USDT pair and published for information after conversion to US dollars using Coinbase Exchange's USDT/USD rate.