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Conflux (CFX) has surged over 100%, reaching $0.23 and a $1.1 billion market cap amid a dramatic 2,955% spike in trading volume, driven by the upcoming Conflux 3.0 upgrade and a new RMB stablecoin initiative.
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The Conflux 3.0 upgrade promises to boost transaction speeds to 15,000 TPS and integrate native on-chain AI agents, positioning the blockchain as a key player in China’s evolving crypto ecosystem.
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According to COINOTAG, “CFX surged 1.3 times yesterday! The Conflux public chain 3.0, dubbed the ‘Chinese Ethereum,’ is about to launch, promoting the issuance of RMB stablecoins under the ‘Belt and Road’ initiative.”
Conflux (CFX) rallies 105% on Conflux 3.0 upgrade and RMB stablecoin plans, hitting $0.23 with a $1.1B market cap amid record trading volume and institutional interest.
Conflux (CFX) Skyrockets Over 100% on Market Momentum and Technological Advances
Conflux (CFX), a prominent Layer-1 blockchain in China, has experienced a remarkable price surge, climbing 105.4% within 24 hours to trade at $0.23, its highest level since December 2024. This surge has propelled its market capitalization beyond $1.1 billion, doubling from the previous day. The blockchain’s hybrid consensus mechanism, combining Proof of Work (PoW) and Proof of Stake (PoS), alongside its innovative Tree-Graph ledger and GHAST algorithm, enables rapid transaction processing with confirmation times under one minute. These technological strengths underpin Conflux’s growing appeal amid increasing investor interest.
The surge is further supported by an extraordinary 2,955% increase in daily trading volume, exceeding $1.8 billion, signaling heightened market activity and liquidity. With weekly gains surpassing 122%, CFX outperforms many peers, establishing itself as the top gainer in the cryptocurrency market.
Conflux 3.0 Upgrade and RMB Stablecoin Initiative Drive Investor Confidence
The primary catalyst behind CFX’s rally is the imminent launch of Conflux 3.0, unveiled during the Conflux Technology and Ecosystem Development Conference in Shanghai. Dr. Guang Yang, Conflux’s CTO, detailed the upgrade’s architecture, highlighting a significant increase in transaction throughput to 15,000 transactions per second (TPS) and the integration of native on-chain artificial intelligence (AI) agents. These enhancements aim to position Conflux as a scalable and intelligent blockchain platform capable of supporting complex decentralized applications.
Strategic Partnerships and Geopolitical Implications
In addition to technological advancements, Conflux is strategically aligning with partners to promote an offshore RMB stablecoin, targeting cross-border payments within countries participating in China’s Belt and Road Initiative. This move not only expands Conflux’s use cases but also embeds the blockchain within broader geopolitical and economic frameworks, potentially attracting institutional and governmental support.
Market analysts have noted, “CFX surged 1.3 times yesterday! The Conflux public chain 3.0, dubbed the ‘Chinese Ethereum,’ is about to launch, promoting the issuance of RMB stablecoins under the ‘Belt and Road’ initiative,” underscoring the significance of this development.
Institutional Interest Signals Growing Confidence
Further validating Conflux’s rising prominence, Innovative Pharmaceutical Biotech recently signed a non-binding Memorandum of Understanding (MOU) to potentially acquire a company that holds blockchain assets from Conflux. This prospective acquisition signals increasing institutional interest in Conflux’s technology and ecosystem, which could lead to enhanced adoption and integration across industries.
The announcement states, “Pursuant to the MOU, the Company intends to acquire and the vendor intends to sell the entire issued share capital of the Target Company, subject to the completion of the Target Company’s acquisition of the Conflux assets.” Such strategic moves highlight the growing recognition of Conflux’s value proposition beyond retail investors.
Market Outlook and Potential Risks
While the recent developments have generated significant enthusiasm, market participants should remain cautious. The rapid price appreciation may attract speculative trading, and the sustainability of gains will depend on successful execution of the Conflux 3.0 upgrade and adoption of the RMB stablecoin initiative. Monitoring network performance and partnership progress will be critical in assessing long-term value.
Conclusion
Conflux’s impressive 105% price surge reflects a confluence of technological innovation, strategic partnerships, and geopolitical relevance. The upcoming Conflux 3.0 upgrade and RMB stablecoin initiative position the blockchain as a formidable player in China’s crypto landscape. Institutional interest further bolsters confidence, suggesting that CFX’s momentum could extend beyond short-term gains. Investors and observers should watch closely as these developments unfold, offering a unique opportunity to engage with a rapidly evolving blockchain ecosystem.
