. After the release of Conflux 3.0 upgrade, CFX rose by 70%
On July 21, Conflux rose about 70% from around $0.1450 to a local high of $0.2416, as its upward momentum accelerated following the release of the Conflux 3.0 upgrade.
After the conclusion of the Conflux Shanghai Ecosystem Conference on July 20, this upward trend intensified, driving Conflux further.
The one-month increase exceeded 200%, and the seven-day increase was approximately 104%.
With recent breakthroughs, the market capitalization of the token has reached $1.12 billion, returning to the $1 billion mark. Even after this rebound, CFX is still nearly 87% lower than its peak of $1.70 reached in March 2021.
Trading activity surged alongside the price increase. Spot trading volume grew by 792%, surpassing $1.7 billion. According to Coinglass, the 24-hour derivatives trading volume also saw a significant spike. Its trading volume increased by 981%, reaching $6.44 billion, while open interest rose by 241% to $350.66 million. These increases indicate a sharp rise in speculative positions, which may exacerbate short-term volatility.
