$CFX As of today, CFX, the native cryptocurrency of the Conflux Network, is trading around the $0.21 mark. The price has experienced significant volatility and has seen an impressive surge over the past month, with a gain of over 170%. This recent rally is attributed to several factors, including the announcement of a planned Conflux 3.0 upgrade.
Conflux is a Layer 1 blockchain that aims to provide high transaction speeds and scalability using its unique Tree-Graph consensus algorithm. It has been attracting attention for its potential use in decentralized applications (dApps) and for its partnerships with various entities, including government and corporate bodies in China. The project is often referred to as "China's Ethereum," which contributes to its market interest. Today's CFX performance reflects ongoing market speculation and positive sentiment surrounding its technological developments and ecosystem growth.$CFX