ChainCatcher news, according to RootData data, the Phala Network token (PHA) has increased by 60.46% in the last 24 hours, currently priced at $0.5886.

According to Web3 asset data platform RootData, Phala Network is providing off-chain computing infrastructure for dApp developers. By connecting smart contracts to off-chain programs called Phat contracts, developers can enhance their dApps through seamless cross-chain integration, connectivity to the internet, and heavy computation.