CFX Token Sees 2.98% Dip After Major Network Upgrade, TVL Growth, and $160M Trading Surge

Conflux (CFXUSDT) has experienced a 2.98% price decline over the past 24 hours, with the current price at $0.2053 on Binance, opening at $0.2116. This recent pullback follows a period of heightened volatility and strong gains attributed to the anticipation and completion of the Conflux Network v3.0.0 upgrade, which drove significant price surges in late July, including a 40% spike on July 20 and a 15% gain on August 3. The network's reported 9% increase in Total Value Locked (TVL) and the launch of new AI tools and stablecoin pilots have contributed to increased market interest, though short-term profit-taking and market consolidation appear to be influencing the latest price movement. Trading volume remains robust, with 24-hour figures exceeding $160 million and a market capitalization above $1 billion, reflecting sustained activity and investor engagement.