$CFX However, there is something missing behind the scenes: an increase in trading activity on the chain. Conflux has established itself as a Chinese Ethereum currency, with a digital ledger compliant with regulations, and it does not have a token available within mainland China.

Analysts who spoke with CoinDesk previously described it as a "one country, two systems" protocol, thanks to its ability to cover global cryptocurrency markets through a token and act as a digital ledger within mainland China, in partnership with giant Internet companies like the Chinese version of Instagram.