Conflux Network’s native token CFX has skyrocketed 105.4% within 24 hours, reaching $0.23 – its highest valuation in seven months. This rally propelled the project’s market capitalization above $1.1 billion, marking a significant resurgence for the China-focused public blockchain.
The surge follows imminent technical advancements and strategic partnerships. Conflux 3.0, scheduled for launch next quarter, promises substantial throughput improvements and unprecedented native on-chain artificial intelligence capabilities. Concurrently, Conflux is co-developing an offshore Chinese Yuan (RMB) stablecoin tailored for cross-border settlements under China’s Belt and Road Initiative.
Market activity intensified dramatically, with daily trading volume exploding by 2,955% to surpass $1.8 billion. This liquidity surge reflects heightened trader engagement and positions CFX among the session’s top performers.
Institutional interest appears to be mounting, as evidenced by Hong Kong-listed Innovative Pharmaceutical Biotech’s disclosure regarding potential acquisitions tied to Conflux infrastructure. The dual catalysts of technological evolution and real-world payment solutions underscore growing confidence in Conflux’s ecosystem potential.