What is the Current Market Overview for Phala Network (PHA) in 2025?

PHA's market cap reaches $44.7 million, ranking #454 overall

Phala Network (PHA) has recently seen its market capitalization stabilize at $44.7 million, securing position #454 in the global cryptocurrency rankings. This represents a significant shift from its previous market performance, where data shows considerable fluctuation in recent months. The current market metrics for PHA reveal an interesting positioning compared to historical data:

The token has experienced substantial volatility, having dropped from its all-time high of $1.39 recorded in May 2021. Despite this decline, PHA has shown resilience by maintaining significant trading volume, with recent 24-hour figures reaching $783,194.

Gate users tracking PHA's performance should note the contrasting market sentiment indicators. While the current price represents a 3.27% increase over 24 hours, the longer-term trajectory shows a concerning 42.6% decline over 30 days. The market fear index currently registers at 42, indicating prevailing caution among investors.

This market capitalization places Phala Network in a mid-tier position among blockchain privacy infrastructure projects, reflecting both the challenges and opportunities in the Web3 privacy computing sector. The project continues to develop its execution layer for Web3 AI while navigating the broader market pressures affecting smaller-cap cryptocurrencies.

Circulating supply of 816.31 million PHA with 1 billion total supply

Phala Network's PHA token currently maintains a circulating supply of 816.31 million tokens, representing approximately 81.6% of its maximum cap of 1 billion PHA. This circulation ratio indicates a significant portion of the total supply has already been released to the market. The token's distribution demonstrates a carefully managed release strategy by the Phala Network team, as shown in the data comparison:

The limited remaining supply of 183.69 million tokens suggests potential scarcity in the future, which could influence market dynamics as adoption increases. PHA token serves multiple functions within the Phala ecosystem, including payment for trusted computing resources, data exchange fees, security guarantees for network participants, and governance rights. The token's economic model is designed to incentivize participation in Phala's privacy computing infrastructure, which offers confidential execution environments through Secure Enclaves technology. Recent market data shows PHA trading at approximately $0.06, with a market capitalization around $49.57 million, reflecting its current valuation in the broader cryptocurrency landscape.

24-hour trading volume of $6.2 million across major exchanges

Phala Network's PHA token has demonstrated significant trading activity with a 24-hour trading volume reaching $6.2 million across major cryptocurrency exchanges. This volume represents substantial market interest compared to PHA's current market capitalization of approximately $49.57 million. The token's trading patterns reveal interesting insights about investor sentiment and market dynamics.

Recent price movements show considerable volatility, with PHA experiencing dramatic shifts in valuation. The trading data demonstrates this volatility clearly:

While daily volume remains robust, PHA has experienced a significant downtrend over the past month. This trading activity occurs across 27 different exchanges where the token is listed, providing ample liquidity for investors. The market emotion index currently stands at 42, indicating a "Fear" sentiment among traders.

Despite recent price challenges, the strong trading volume suggests continued market interest in Phala Network's privacy computing infrastructure built on Substrate technology. The token maintains substantial circulating supply at 816.57 million PHA, representing approximately 81.66% of its maximum supply of 1 billion tokens. This active trading environment provides essential market liquidity for the project's ecosystem development and adoption.

FAQ

What is pha crypto?

PHA is the native cryptocurrency of Phala Network, a blockchain project focused on secure cloud computing and data privacy. It serves as the economic backbone of the Phala ecosystem, powering its privacy-preserving services.

What is the future of Phala coin?

Phala coin's price is expected to reach $0.068992 by 2030, showing potential growth from its 2025 value of $0.054057.

What is the name of Melania Trump's coin?

The name of Melania Trump's coin is MELANIA. It's a Solana-based meme coin associated with the former First Lady.

Can phala coin reach $1?

Yes, Phala Network has already reached $1. Current market trends and project developments suggest it could maintain or exceed this price point in the future.