A little-known altcoin positioning itself as a competitor to Ethereum has achieved a significant breakthrough, surpassing both Bitcoin and Ethereum in recent price performance.
CFX's Outstanding Performance
Layer 1 blockchain Conflux Network (CFX) saw its value surge over 90% in the past 7 days. In comparison, Bitcoin's price rose 29.30%, while Ethereum gained 20.66% during the same period. The network's native asset, CFX, is used to pay transaction fees, earn staking rewards, and participate in governance.
At writing, CFX trades at $0.3148**, up **14.82%** intraday. With a market cap of **$822.74 million, it ranks as the 57th-largest cryptocurrency and 56th-largest altcoin.
What Is Conflux Network?
Launched in November 2020, Conflux Network quickly gained traction as a top altcoin project. This year, it made headlines by partnering with China Telecom, one of China’s largest telecom operators. The platform was also integrated into Xiaohongshu (Little Red Book), a Chinese social-media and e-commerce giant with 200+ million monthly active users.
👉 Discover how altcoins like CFX are reshaping blockchain economies
Conflux Network claims to be China’s only fully regulated Layer 1 blockchain, aiming to build a borderless, blockchain-powered economy:
Conflux Network is China’s only compliant, public, and surveillance-free blockchain. We’re creating a cross-border ecosystem for crypto projects with global reach—extending from China to North America, Russia, Latin America, Europe, Africa, and beyond.
Designed for scalability and low-cost transactions, Conflux uses a Proof-of-Work consensus model to validate transactions.
Key Takeaways
- CFX outperformed Bitcoin and Ethereum with a 90% weekly gain.
- Strategic partnerships (e.g., China Telecom, Xiaohongshu) fueled adoption.
- Regulatory compliance gives Conflux a unique edge in China’s market.
FAQ
Q: Why did CFX’s price surge?
A: The rally was driven by its China Telecom collaboration, Xiaohongshu integration, and growing recognition as a regulated blockchain.
Q: Is Conflux Network decentralized?
A: Yes, it uses PoW consensus but prioritizes compliance—a rare combination in China’s crypto landscape.
Q: What’s CFX’s utility?
A: It powers transactions, staking, and governance on Conflux Network.
👉 Explore top-performing altcoins and their potential