Conflux ($CFX ) Faces Bearish Pressure Despite Network Upgrade and Bullish Accumulation Trends

Conflux (CFX) Launches Major v3.0.0 Hardfork Amid Price Drop and Bearish Market Sentiment

#Conflux Network (CFX), one of the more prominent Ethereum-compatible Layer 1 blockchains, has officially initiated the v3.0.0 hardfork upgrade, signaling a pivotal moment for the platform’s roadmap. This significant update, scheduled to be fully implemented by September 1, aims to strengthen the protocol’s performance, compatibility, and security.

However, despite the upgrade’s ambitious scope, the price of #CFX fell over 10% in the last 24 hours, illustrating a growing divergence between retail investor optimism and bearish market behavior.

What’s in the Conflux v3.0.0 Hardfork?

The v3.0.0 upgrade brings with it eight Conflux Improvement Proposals (CIPs), each targeting a core area of the network’s infrastructure. These proposals are categorized into three major focus areas:

Enhanced EVM Compatibility These changes aim to tighten Conflux’s integration with the Ethereum Virtual Machine, opening doors to smoother dApp migration, increased developer activity, and cross-chain synergy.

Consensus Adjustments Tweaks to the Proof-of-Stake (#PoS ) consensus algorithm are intended to boost network efficiency and security, improving validator performance and block finality.

Critical Bug Fixes and Protocol Improvements This includes minor fixes and updates to ensure the platform runs more reliably and securely, setting a more stable foundation for future growth.

These changes collectively push Conflux closer to becoming a scalable, secure, and developer-friendly platform ready to compete in the broader #DeFi and #Web3 ecosystems.