Hi @achal ,
PHY address is determined by PHY address config pins on the PHY chip. Please refer to the EVK board.
jingpan_0-1687679001677.png
MAC address is random in the demo. Officially it is allocated by IEEE (Institute of Electrical and Electronics Engineers), the last three bytes, the hexadecimal number AE-3C-40 represents the serial number of a certain network product (such as network card) manufactured by the manufacturer.
Regards,
Jing