$CFX

CFX is the native cryptocurrency of Conflux Network, a Layer 1 blockchain designed to be scalable, fast, and secure, especially for use in Web3, DeFi, and NFTs.

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🔹 Key Facts about CFX (Conflux)

Feature Details

Token Symbol CFX

Network Type Layer 1 Blockchain (own chain)

Consensus Mechanism Hybrid of Proof of Work (PoW) and Tree-Graph

TPS (Transactions/sec) 3,000–6,000+

Smart Contracts Supports Solidity (Ethereum compatible)

Origin Developed in China; backed by Tsinghua University

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🔹 Unique Features

Regulatory Compliance in China: One of the few blockchains allowed to operate openly in mainland China.

Tree-Graph Structure: More efficient than traditional blockchains; allows parallel processing of blocks.

Low Gas Fees and High Throughput

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🔹 CFX Use Cases

Transaction fees on the Conflux Network

Staking and Governance

Powering DeFi apps, NFTs, and Web3 projects

Used in Cross-border blockchain experiments (e.g., China-Singapore)

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🔹 Recent Highlights (as of 2025)

Growing usage in Asia-based Web3 projects

Partnerships with Little Red Book (Xiaohongshu) and other Chinese platforms

Expanded integration with EVM-compatible tools (MetaMask, Solidity, etc.)