PHA is the native token of Phala Network. Phala Network is a blockchain project focused on trusted computing and off-chain computation. The PHA token is primarily used to pay for Trusted Execution Environment (TEE) computing resources within its network to run secure off-chain programs (Phat Contracts).
Current Status of PHA Token
Phala Network's original parachains (Khala/Phala) have ceased operation. Currently, PHA tokens primarily exist on the Ethereum network (ERC-20 standard) and Phala Network's own Layer 2 network. Users can transfer PHA and its derivative token vPHA between Ethereum and Phala L2 via the official cross-chain bridge, Superbridge (bridge.phala.network). The official contract address for its ERC-20 version is 0x6c5bA91642F10282b576d91922Ae6448C9d52f4E.
Where to Trade PHA Coin?
PHA coin is listed on several major cryptocurrency trading platforms. According to verifiable information, the following are some of the main centralized exchanges (CEXs) that support PHA trading:
- Binance
- OKX
- Gate.io
- MEXC
- KuCoin
- HTX
- Kraken
- Bitget
- LBank
- CoinW
Additionally, Poloniex exchange also listed the PHA/USDT trading pair in October 2026. On these platforms, PHA can typically be traded against stablecoins like USDT and USDC, or other cryptocurrencies like BTC and ETH. Some platforms also support direct trading with fiat currencies such as USD and EUR.
How to Buy PHA Coin?
There are several main ways to buy PHA:
- Purchase through Centralized Exchanges (CEXs): This is the most common method. Users can register an account on the aforementioned exchanges, complete identity verification (KYC), and then purchase PHA using bank cards, credit cards, bank transfers, or existing cryptocurrencies (such as USDT).
- Exchange through Decentralized Exchanges (DEXs): Since PHA is an ERC-20 token, users can use a Web3 wallet like MetaMask, connect to a DEX on the Ethereum network (such as Uniswap), and exchange ETH or other ERC-20 tokens for PHA. Please note that using DEXs requires users to bear on-chain transaction fees (Gas Fee) and slippage risks.
- Through Instant Exchange Services: Some third-party service platforms (such as ChangeNOW, Changelly) also offer PHA exchange services, allowing users to directly convert one cryptocurrency into PHA, simplifying the process.
Key Market Data (as of late October 2026)
According to public market data, as of late October 2026, PHA's key metrics are approximately as follows:
- Price: Approximately in the range of $0.047 to $0.049.
- Circulating Supply: Approximately 810 million to 860 million tokens.
- Total Supply and Max Supply: Both are 1 billion tokens.
- Market Cap: Approximately $39 million to $41 million.
- 24-hour Trading Volume: Approximately $24 million to $25 million.
Its all-time high price occurred in May 2021, at approximately $1.41; its all-time low price occurred in August 2026, at approximately $0.019. PHA was issued in September 2020, with an initial offering price of approximately $0.01.
Please note that cryptocurrency market data changes in real-time. The above data is a snapshot at a specific point in time and is for reference only. Before making any transactions, please verify the latest market conditions and platform information.
The platform information mentioned in the article is subject to changes in exchange listings and delistings. Please refer to official exchange announcements.
