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 ÷ 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

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Phala (Moonbeam) ($XCPHA) Events List

Private-by-Design Agents & Omnichain UX

The session features speakers Illia Pashkov from SINT, Dylan Kawalec from Phala Network, and Matthew Karsten from ZetaChain. Topics include deploying trustworthy AI agents that protect data using Trusted Execution Environments and Confidential Virtual Machines, enabling omnichain actions without bridging hassles, and diving into SINT agents, multi-chain protocol skills, and automation across ecosystems. Attendees will also learn how to access SINT Private Mode Alpha. The purpose is to educate developers on building secure, privacy-first AI solutions that operate smoothly across blockchains. Its significance stems from the collaboration between these projects, highlighting Phala's expertise in confidential computing. The expected impact includes inspiring new projects, increasing developer adoption, and advancing the crypto community's focus on privacy and interoperability.Recent NewsIn the past three months, Phala Network has achieved key milestones. In August 2025, it integrated LazAI for secure AI agent deployment via Trusted Execution Environments. Earlier, a $10 million funding round from investors like DWF Labs in early August bolstered its resources for growth. These developments follow a strong first quarter where Phala processed 15.1 million transactions, representing 11 percent of Polkadot's total, and launched OP-Succinct, an Ethereum Layer-2 network. With over 5,000 users and 500 active developer teams trusting the platform, Phala continues to generate over $2 million in annual recurring revenue from enterprise clients.Future PlansPhala's roadmap emphasizes expanding its confidential AI cloud, with Q4 2025 milestones aimed at enhancing secure compute capabilities and supporting more AI frameworks like TensorFlow and PyTorch. Plans include broader integrations for enterprise-grade privacy, such as SOC 2 compliance and HIPAA-ready features, to attract more institutional users. The goal is to deploy more verifiable AI models, foster omnichain collaborations, and achieve higher uptime and security verifications, positioning Phala as a leader in trustworthy AI infrastructure.Onchain DataSpecific recent onchain metrics for Phala Network are limited on platforms like Dune Analytics, with no dedicated dashboards available. However, broader data shows steady activity, including daily trading volumes around $6 million for the PHA token. Earlier in 2025, the network handled millions of transactions, indicating robust usage. As adoption grows, expect increases in wallet activity and staking participation; monitor real-time updates for the latest trends.Community SentimentReactions on X reflect growing excitement for the AMA. Users are eager to gain insights into privacy-focused AI agents and omnichain tools, with many setting reminders and praising the collaborative lineup. Influencers highlight Phala's innovations in secure enclaves, while discussions emphasize the session's potential to clarify alpha access and drive project momentum. A few express curiosity about implementation details, but the prevailing mood is optimistic and anticipatory.Additional InsightsThis AMA aligns with the rising demand for privacy in AI and DeFi, where Phala stands out against competitors like Akash Network by prioritizing hardware-secured compute. Participants can benefit from actionable knowledge on building cross-chain AI solutions, potentially unlocking new opportunities in automation and data protection. With the crypto market emphasizing verifiable tech, this event could spark wider adoption and innovation.Mark your calendars and join the conversation!

PHALA

August 26

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