Phala Network PHA to vPHA Migration

NOV

19

Event date

Wednesday 19 November 2025, UTC

Event description

Phala Network is initiating the PHA to vPHA migration event, where holders of PHA tokens will receive vPHA tokens at a 1:1 ratio on Ethereum Layer 2. This migration is scheduled to begin before the expiration of Phala's parachain slot on Polkadot, which is on November 20, 2025. The event is a token migration to Ethereum L2, allowing holders to transition their tokens from the Moonbeam parachain to an Ethereum-based Layer 2 solution. The migration plays a critical role in Phala Network's transition strategy as its parachain lease approaches its end.

Recent News

Recently, the community has been actively discussing the migration plan and its implications. Phala Network confirmed the migration details on its official channels, emphasizing that post-migration, the wrapped vPHA ERC-20 tokens will govern treasury allocations and miner rewards. Staking contracts will also transition to Ethereum L1 contracts. The community proposal and technical details have been highlighted in several updates, reflecting the project's positioning towards Layer 2 solutions for scalability and decentralized finance integration (Sources: official Phala Twitter, CoinMarketCap AI latest updates, TradingView CoinMarketCal).

Future Plans

Post migration, Phala Network plans to further integrate confidential computing capabilities and expand its presence on Ethereum Layer 2 networks. The move is aligned with their roadmap to enhance privacy-preserving decentralized applications and leverage Ethereum's broader DeFi ecosystem. Continued development on the new network aims to increase staking participation and community governance through ERC-20 vPHA tokens.

Onchain Data

  • Tokens unlocked: Migration 1:1, effectively 100% of the circulating PHA tokens will transition to vPHA (PHA holders receive vPHA 1:1). Formula: tokens migrated รท total PHA supply = 100%.

Community Sentiment

Positive to mixed sentiment has been observed among the community on Twitter and forums. Most holders welcome the seamless 1:1 migration mechanism, appreciating the Ethereum L2 upgrade for scalability. Concerns remain about the impact on token price and the transition complexities. Sample reactions include: "Glad to see a smooth 1:1 migration to Ethereum L2, excited for the next phase!" "Hope staking on Ethereum L1 works well, looking forward to rewards." "Migration timing is crucial, but community involvement is solid."

Risk Disclaimer

This migration event could impact the token price of PHA due to supply dynamics and staking transitions. Participants should monitor official announcements and onchain data closely.

Sources used

Phala (Moonbeam)

PHALA

Bullish or Bearish?

bullish
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Phala (Moonbeam) ($XCPHA) Events List

Phala dstack Community Call: Volume 2 Demo Day

Phala Network hosts the dstack Community Call: Volume 2 - dstack & Trust Center Demo Day on October 21, 2025, at 14:30 EDT. This live community call features demos related to dstack and Trust Center. It is open to everyone and accessible via Phala Network's official channels on X/Twitter. Recent News In the past months, Phala Network announced that dstack became an open-source project under the Linux Foundation, focusing on secure, confidential cloud infrastructure. Additionally, Phala is preparing a migration from Polkadot to Ethereum Layer 2, targeted for completion by November 20, 2025. This represents a strategic evolution in their network operations. Future Plans The project aims to further develop dstack SDK to simplify the deployment of containerized apps into Trusted Execution Environments (TEEs). Post-migration to Ethereum L2, Phala plans to enhance confidentiality, scalability, and user utility by leveraging Ethereum's ecosystem while maintaining privacy features. Onchain Data No verifiable onchain metrics available. Community Sentiment Positive - Community response highlights enthusiasm for dstack's open-source transition and participation in the demo day. Sample reactions include "Excited to see dstack progress under Linux Foundation," and "Looking forward to the live demos and updates from Phala!" Social media feedback reflects optimism about Phala's roadmap and technology development. Risk Disclaimer This event, while primarily community-focused, could influence token perception due to the ongoing migration to Ethereum L2 and open-source project validation, potentially impacting market dynamics. Sources used https://x.com/PhalaNetwork/status/1978466920400920813 https://github.com/Dstack-TEE/dstack https://depinhub.io/news/phalas-dstack-becomes-open-source-project-under-linux-foundation-24181 https://medium.com/@jamessoulman69/phala-networks-move-to-ethereum-layer-2-what-you-need-to-know-448b268bd011

PHALA

October 21

Phala (Moonbeam)

PHALA

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