CFX Rally: Conflux 3.0 Upgrade & Offshore RMB Stablecoin
CFX surged 116.6% after the Shanghai Technology and Ecosystem Development Conference saw Conflux unveil its 3.0 upgrade. The update promises 15,000 transactions per second (TPS) and native on-chain AI agents. The event also featured the launch of an offshore RMB stablecoin with AnchorX and Eastcompeace, leveraging Kazakhstan AFSA approval for cross-border payments. Daily trading volume jumped over 400% to $1.7 billion, pushing CFX’s market cap past $1 billion despite mainland trading restrictions.
Conflux’s hybrid PoW-PoS consensus, three-graph ledger and GHAST algorithm combine security with high throughput. Analysts describe the price rally as bullish, expecting further gains as the August launch approaches.
Regulatory attention also intensified: Hong Kong received 40 stablecoin license applications under its LEAP framework, while Shanghai authorities reviewed local stablecoin policies.
Bullish
Short-term, the Conflux 3.0 upgrade and offshore RMB stablecoin launch triggered a surge in market attention, driving trading volume up and pushing CFX prices sharply higher. This heightened activity and positive sentiment suggest continued upward momentum in the near term. In the long term, Conflux’s technology enhancements—including 15,000 TPS, on-chain AI agents, PoW-PoS hybrid consensus, three-graph ledger and the GHAST algorithm—bolster network security and throughput. The cross-border payment stablecoin partnership and regulatory approvals further expand real-world use cases and institutional trust, providing sustained support for CFX. These factors combined indicate a bullish outlook for the token.