To be honest, why do people really believe that CFX will become the carrier chain for offshore RMB stablecoins? There are no users, no stress tests, no TVL, and the experience and DApp ecosystem are vastly different from normal EVM or SVM high-utility public chains.

This coin is best at leveraging news hype; the most memorable instance for me was during the Hong Kong Web3 Carnival, when it soared several times in conjunction with "favorable news from China," only to then see a large sell-off. Even when I was so poor back then, I still lost a month's worth of food money $CFX