$CFX Overview & Recent Developments
Conflux (CFX) is the native token of the Conflux Network—a high-throughput, China-focused Layer‑1 blockchain using a hybrid Proof‑of‑Work/Proof‑of‑Stake consensus and the innovative Tree‑Graph architecture. It aims for fast, low‑fee, scalable dApp deployment, with EVM compatibility and AI interoperability
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Key Catalysts Behind Price Momentum:
Stablecoin Launch: Announcement of the AxCNH offshore yuan–pegged stablecoin pilot in Singapore and Malaysia triggered a ~28% spike in early August
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