#CFX Conflux grew by more than 52% in 24 hours after the announcement of the new update "TreeGraph 3.0". The growth was fueled by a massive short squeeze that led to the liquidation of bearish positions totaling $7.4 million. The Conflux network token $CFX, sometimes referred to as "Chinese Ethereum", increased by more than 45% to $0.2138 after the presentation of TreeGraph 3.0 at a conference in Shanghai. The update includes a target of 15,000 transactions per second, integration of AI agents, EVM compatibility, and reduced transaction confirmation times.