Phala Network PHA to vPHA Migration
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 https://x.com/PhalaNetwork/status/1975905708412744020 https://coinmarketcap.com/cmc-ai/phala-network/latest-updates/ https://www.tradingview.com/news/coinmarketcal:16154585e094b:0-phala-pha-pha-to-vpha-migration-19-nov-2025/
PHALA
November 19