# PHALA (PHA) — crypto price, market cap and strength versus Bitcoin

> PHALA trades at $0.0196 with a market capitalisation of $22.3M (rank 778). Over 90 days it is -19.8% against Bitcoin and sits below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: PHALA (PHA), a Layer 2 token of $22.3M at market-cap rank 778. No protocol activity data is published for it.
- What the tape says: -19.8% versus Bitcoin over 90 days; below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks.
- What the evidence supports: 39.5/100 inside Layer 2 on 50% evidence (0% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. PHALA publishes no fee, revenue, TVL or user series at all.

Theme: Layer 2 (/mla/crypto/sector/layer-2). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

PHALA is -80.7% over one year, -39.9% over 90 days and -27.3% over 30 days. Annualised 30-day volatility is 62%. Its deepest fall from a high inside the last 90 days is 63%. It trades below its 200-day average, which is falling.

- Price: $0.0196
- Market cap: $22.3M (rank 778)
- Returns: 7d -11%; 30d -27%; 90d -40%; 180d -36%; 1y -81%
- RS versus Bitcoin, 90d: -20%
- 30-day volatility: 62% annualised; deepest 90-day fall 63%
- 200-day average: $0.0326, trading below it

## Protocol economics

No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for PHALA, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.


## Research score

PHALA: 39.5/100 — Tape-led · on-chain proof incomplete; 4.4 + 15.0 + 10.0 + 10.1 = 39.5; evidence 50%; native evidence 0%; rank 23 of 33 rated Layer 2 coins
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Layer 2 scorecard

PHALA is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. PHALA ranks 23 of those 33 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. POL (ex-MATIC) (POL): score 69.5; evidence 62%; Illiquid · research only
- 2. COTI (COTI): score 64.1; evidence 55%; Illiquid · research only
- 3. Capx AI (CAPX): score 56.2; evidence 50%; Illiquid · research only
- 4. Prom (PROM): score 55.8; evidence 55%; Illiquid · research only
- 5. Celo (CELO): score 54.2; evidence 90%; Illiquid · research only
- 6. Aztec (AZTEC): score 53.1; evidence 43%; Illiquid · research only
- 7. Linea (LINEA): score 50.7; evidence 100%; Mixed · market gate closed
- 8. MegaETH (MEGA): score 49.9; evidence 12%; Illiquid · research only
- 9. Sophon (SOPH): score 48.9; evidence 55%; Illiquid · research only
- 10. AltLayer (ALT): score 48.2; evidence 12%; Illiquid · research only
- 11. BSquared Network (B2): score 48.1; evidence 55%; Tape-led · on-chain proof incomplete
- 12. Immutable (IMX): score 48; evidence 17%; Illiquid · research only
- 13. OpenLedger (OPEN): score 47.9; evidence 12%; Illiquid · research only
- 14. Stacks (STX): score 47.5; evidence 17%; Illiquid · research only
- 15. Aevo (AEVO): score 47.3; evidence 50%; Illiquid · research only
- 16. Treasure (MAGIC): score 47.3; evidence 12%; Illiquid · research only
- 17. Optimism (OP): score 44.7; evidence 100%; Lagging · market gate closed
- 18. Metal DAO (MTL): score 44.4; evidence 50%; Illiquid · research only
- 19. Cartesi (CTSI): score 41.8; evidence 50%; Illiquid · research only
- 20. Mantle (MNT): score 41.7; evidence 64%; Illiquid · research only
- 21. ZKsync (ZK): score 41.1; evidence 62%; Illiquid · research only
- 22. Loopring (LRC): score 40.5; evidence 55%; Illiquid · research only
- 23. PHALA (PHA) [this coin]: score 39.5; evidence 50%; Tape-led · on-chain proof incomplete
- 24. Status (SNT): score 38; evidence 50%; Illiquid · research only
- 25. Nervos Network (CKB): score 36.8; evidence 50%; Illiquid · research only
- 26. Manta Network (MANTA): score 36.3; evidence 100%; Lagging · market gate closed
- 27. Lumia (LUMIA): score 36.2; evidence 50%; Illiquid · research only
- 28. Orderly (ORDER): score 35.6; evidence 55%; Illiquid · research only
- 29. Merlin Chain (MERL): score 34.2; evidence 55%; Illiquid · research only
- 30. Taiko (TAIKO): score 33.6; evidence 94%; Lagging · market gate closed
- 31. Metis (METIS): score 31.9; evidence 84%; Illiquid · research only
- 32. Islamic Coin (ISLM): score 24.1; evidence 55%; Illiquid · research only
- 33. Lisk (LSK): score 21.3; evidence 100%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is PHALA (PHA)?

PHALA is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with no protocol activity data published for it. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31.

### What is the market cap of PHALA?

PHALA's market capitalisation is $22.3M, ranking it 778 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is PHALA beating Bitcoin?

PHALA is -19.8% against Bitcoin over 90 days, and its own theme, Layer 2, is -11.4% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does PHALA have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is PHALA's research score?

39.5/100 within Layer 2, ranked 23 of 33 rated Layer 2 coins, on 50% evidence: 4.4 + 15.0 + 10.0 + 10.1 = 39.5. It is labelled “Tape-led · on-chain proof incomplete”. The score ranks research attention inside one theme, never portfolio action.

### How much PHALA history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics PHALA actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.