MarketCap’s Conflux Exceeds $1.2 Billion, Token Grows 150% In 7 Days

Key Points:

  • China’s Conflux (CFX) officially became a unicorn project when it reached over $1.2 billion market capitalization.
  • The CFX token rallied 150% to become the most profitable crypto asset of the week in the top 100.
  • After reaching a series of cooperation with Xiaohongshu, McDonald’s and China Telecom’s capitalization has increased by about 2300% compared to the beginning of the year.
According to data from Coinmarketcap, the market value of the public chain project Conflux has exceeded $1.2 billion, reaching a record high, reaching $1,203,186,715 to date and becoming one of the “crypto unicorns”.

The CFX token has become the most profitable crypto asset of the week from CoinMarketCap’s top 100 after its price increased by more than 150% during this period. Currently, the token is trading at $0.45, up 12.97% in the last 24h.

24h CFX price chart. Source: CoinMarketCap

The Conflux Network project aims to optimize blocks at the same time or meet the processing capacity of each node up to 3,500 TPS. Moreover, Conflux’s technology can confirm a block in 23 seconds, reducing transaction fees compared to PoW or PoS projects.

Conflux is a public blockchain platform, possessing the highest TPS (transactions per second) while ensuring the system’s decentralization and the network’s safety. This project is the result of a combination of a unique and advanced algorithm with a novel and innovative structure, the Tree Graph (TG).

The project emerged after integrating with China’s Instagram partner, Xiaohongshu, earlier this year.

Fan Long Co-Founder

Founded in 2018, Conflux raised $35 million through a private token sale from prominent investors in China, including private equity firm Huobi Group, Sequoia China, Shunwei Capital, and Rong360. Historical data shows that Conflux’s market value is only around $50 million at the beginning of 2023.

It then achieved a series of partnerships with Xiaohongshu, McDonald’s, and China Telecom, and the market capitalization increased by about 2300% year-on-year.

CFX’s market capitalization. Source: CoinMarketCap

As a result of all these high-profile collaborations and partnerships, CFX has come to be known as China’s MATIC.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News

Victor

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

25 mins ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

3 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

5 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

6 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

9 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

12 hours ago

This website uses cookies.