what's phala network?
Phala Network is a blockchain project specializing in TEE (Trusted Execution Environment) technology, focusing on secure off-chain computing solutions and privacy features. The project is preparing to launch Phala 2.0 in 2025, which will integrate GPU TEE technology with Ethereum Layer 2 scalability. Recently gaining prominence through its AI integration partnerships, particularly with ai16z, the project has seen significant market growth with its $PHA token. The network provides infrastructure for secure computation in AI and decentralized systems, with recent developments including partnerships with Aethir and Vana Network.
Messari highlights Phala's TEE-based privacy coprocessors for regulated DeFi and institutional markets.
Links
x.com/phalanetworkFeatured by Messari as an early deployment example of TEE-based privacy coprocessors for regulated DeFi and institutional onchain markets.
Bitget exchange delists PHA/USDC trading pair on December 12, 2025, at 10:00 UTC as part of 17 total pair removals.
Integrates with NEAR Protocol's tech stack through Shade Agents, providing verifiable agent services for AI agent developers using NEAR AI cloud.
Partners with zkVerify to handle verification of cryptographic attestation reports from TEE enclaves, reducing proof generation costs and gas fees for confidential compute applications.
Partners with Sentient AGI as part of the Verifiable Compute Consortium, contributing TEE-based confidential compute capabilities to Sentient's GRID network with infrastructure live on Polygon, Arbitrum, and Celo.
Parachain shuts down on November 20 with migration to L2 architecture.
TGE (Token Generation Event) countdown is ongoing.
Partners with Intuition to integrate confidential, verifiable computation into their onchain knowledge graph platform.
Transitions to become an Ethereum Layer 2, switching chains from its previous infrastructure alongside Ronin and Celo.
Uses RISC Zero's RISC-V zkVM and Bonsai proving service for trusted execution proofs, expanding zero-knowledge capabilities alongside existing confidential computing infrastructure.
Joins Recall ecosystem as confidential computing solution, allowing agents to run in trusted execution environments and compete in Recall Arena while keeping proprietary models and sensitive data private and verifiable.
Achieves 5M transactions in July 2024, positioning as one of the top transaction generators in Polkadot ecosystem alongside Moonbeam and Mythos.
Achieves million-dollar B2B revenue milestone through AI-focused enterprise solutions.
Integrates with Allora Network to enable privacy-preserving AI model training and secure inference through Trusted Execution Environments (TEEs) with zero-knowledge capabilities.
Expands AI infrastructure through Mira Network partnership, adding verifiable LLM and trustless inference services.
Powers CPU and GPU trusted execution environments in DCML project through multi-team collaboration with Martian Engineering, Near One, and Stealth.
Expands ecosystem through multiple Solana agent framework integrations and OpenLedger partnership.
DWF Labs accumulates 3.5M tokens ($0.48M) at $0.139 average price through secondary market purchases.
Ranks #2 among Polkadot parachains by 7-day transaction volume, indicating high platform adoption.
Launches autonomous trading agent Rabbi Schlomo managing 1 BTC fund for on-chain trading.
Price faces strong resistance at 0.37 (110% above current level), showing pattern of volatile breakouts after consolidation periods.
Major hiring initiative expanded to include specific Business Development and Developer Relations roles.
Active hiring for senior roles with competitive salaries ($70K-150K) indicates significant team expansion phase.
PayPal Ventures backs new protocol leveraging PhalaNetwork's tech stack, with genesis launch confirmed on Base chain.
New partnership established with Mira to provide verifiable LLMs and trustless inference for AI agents.
TEE infrastructure records >2k users and >1k VM deployments YTD, showing significant platform adoption.
Active hiring for three senior positions with salaries up to $150K indicates significant team expansion.
Strategic expansion with three senior remote positions focusing on business development, customer success, and developer relations.
New Solana MCP server launches on platform through SendAI partnership, marking 8th MCP integration.
Strategic AI partnerships launched with CrunchDAO for ML model ownership and Streamr for decentralized processing.
New technical partnership integrates Phala's hybrid infrastructure into Mantle Network, with $400 cloud credits offered to developers.
New TEE-MCP Server launches, enabling secure AI agent operations with memory and context capabilities.
Active hiring for three senior positions with competitive salaries indicates significant organizational expansion.
New vulnerability discovered in TEE-based blockchain implementation affecting protocol security.
Active hiring for three senior positions with competitive salaries indicates structured team expansion phase.
Decentralized cloud platform launches with Docker support and $400 in free credits for new users.
New cloud platform Phala Cloud launches, expanding infrastructure offerings.
Received transfer of 16.88M tokens ($2.18M) from FalconX after ETH whale sale.
Launched as first ZK rollup on Optimism OP Stack with Succinct Labs, announced Jan 8, 2025. Uses Privy for onboarding and Conduit RPCs.
PHA listed on Bitget in Innovation, AI and DePin Zone.
Phala Network mentioned as having "no hopes" in current market context.