CFX experiences a significant increase
CFX was established in 2018 in China and has risen today by 40%, with a 250% increase this month. Its trading volume over the past 30 days has increased by 647% to reach 4.77 billion USD. What is driving this increase?
Two main factors:
– The launch of the Conflux 3.0 update is expected in August, featuring 15,000 transactions per second, Tree-Graph compatibility, support for AI agents, and improved cross-border infrastructure.
– AxCNH: A new stablecoin in renminbi (YMB) is being developed with AnchorX and Eastcompeace for cross-border payments in over 150 countries as part of the Chinese Belt and Road Initiative.
With state support, media coverage, and a strategic role in Chinese digital finance plans, Conflux is gaining significant momentum.