Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Phala is a specialized privacy-preserving cloud computing blockchain powered by Polkadot Relay chain.

PHA holders own and govern the protocol. Phala’s investors include IOSG Ventures, Incuba Alpha, Candaq Fintech Group, and others.

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Blockchains (L2)

Phala

# Token trading volume Methodology

## Overview

Token trading volume measures the trading activity for a project’s native token on centralized and decentralized spot exchanges. The absolute value indicates how liquid the token is, while the historical trend reflects the demand to buy and sell the token over time.

Total trading volume of the project's native token across spot venues.

PhalaPHA

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Token trading volume

Token trading volume

Competitive landscape