$CFX What Is Conflux (CFX)?
Conflux is a public, Layer-1 blockchain launched in 2018. It’s designed to deliver high-speed, low-cost transactions, maintain security, and facilitate decentralized applications (dApps) and Web3 infrastructure 🇨🇳 .
The network uses a unique Tree‑Graph consensus, blending Proof-of-Work (PoW) and Proof-of-Stake (PoS) to allow parallel block processing and high throughput .
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What Does the CFX Token Do?
Native utility token used for:
Transaction fees (gas)
Staking & governance voting
Mining and ecosystem rewards
Storage rental and dApp activity incentives
Supply: ~5.12 billion tokens in circulation. Token allocation includes ecosystem support, team, community, private & public funding pools .
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📈 Recent Market Activity & Technical Signals
✅ Price Performance
As of August 3–4, 2025, CFX rose about 11%–14%, reaching approximately $0.215—highlighting strong positive momentum amid market uncertainty .
The token had surged nearly 297% in July, jumping from ~$0.07 to ~$0.28, then consolidating around $0.18–0.21 forming a symmetrical triangle pattern .
📊 Technical Outlook
Analysts point to key resistance levels at $0.218–$0.23, with a potential breakout to around $0.24 if momentum continues .
One bullish signal highlights a golden cross—with high volume setting the stage for a possible upside move soon .
Despite price strength, some caution as on-chain usage remains low; 80% of gas usage comes from just 3 accounts—a sign of low decentralization compared to peers like Ethereum .
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🧩 Broader Context & Growth Potential
Regulatory Advantage: Conflux claims to be among the few public blockchains endorsed by Chinese authorities. It’s participating in projects like cross-border stablecoin pilots (AxCNH) in Singapore and Malaysia .
Conflux is often positioned as “China’s Ethereum” and has partnerships with institutions like China Telecom, Tsinghua University, Binance, and Chainlink .
