$CFX

Conflux ($CFX) is gaining attention with a 14% price rally this week, fueled by renewed interest in China-related blockchain projects and anticipation for its major v3.0 upgrade set for release on September 1. This upgrade will enhance Ethereum compatibility and refine its proof-of-stake mechanism, aiming to improve scalability and developer accessibility. Despite bullish momentum, on-chain data reveals centralization concerns, with nearly 80% of gas usage tied to just three accounts. Still, Conflux’s alignment with regulatory frameworks and its integration of offshore yuan stablecoin pilots make it a strong contender in Asia’s crypto narrative.

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