Phala Network is providing dApp developers with an off-chain compute infrastructure. By connecting Smart Contracts to off-chain programs called Phat Contracts, developers can supercharge their dApps with seamless cross-chain integrations, connectivity to the internet, and heavy computation.

Phala Network Fundraising

Fundraising Event

Round	Amount	Valuation	Date	Investors
--	$Tens of Millions	--	Sep 01, 2020	SNZ Holding Candaq Fintech Group IOSG Ventures Bishijie Waterdrip Capital Incuba Alpha

Investor

Phala Network Team

Shunfan (Shelven) Zhou

Vice President & Partner

Phala

PHA

-5.91%

Total dollar volume24H

$12,165,013

High24H

0.1275 USDT

Low24H

0.1159 USDT

Market Cap

#429$90,104,066

FDV

$117,800,000

Turnover rate

13.5%

Circulating supply

764,890,205

Total supply

1,000,000,000

Max supply

1,000,000,000

All time high

1.2452 USDT

All time high date

Sep 16, 2021

Down from All time high

-90.54%

Cycle low

0.07 USDT

Cycle low date

Oct 13, 2022

Up from cycle low

67.57%

Contracts

Ethereum:0x6c...2f4E

Official links

Website

White paper

Socials

Introduction

Phala Network is a confidential smart contract network enabled by a TEE-Blockchain Hybrid Architecture. It ensures confidentiality by running smart contracts inside the TEE Enclaves in the CPU. Phala Network supports cross-chain integration as a native blockchain built on Substarte, which empowers Phala to be the infrastructure of confidentiality for any blockchain across the world. The purpose of Phala Network is to build a platform for general-purpose privacy-preserving Turing-Complete smart contracts.

Terms

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