Why did the price of CFX go up?

Conflux (CFX) increased by 1.09% in the last 24 hours, showing a slight recovery after sharp drops over the past week (-31.84%) and month (-45.13%). This uptick is driven by new developments in stablecoins and technical indicators suggesting the coin may be oversold.

1. Growth in offshore yuan stablecoin use – AxCNH pilot expands in Kazakhstan
2. Technical rebound from oversold conditions – RSI 14 at 26 signals a short-term buying opportunity
3. New ecosystem partnerships – Collaboration with HTX DAO strengthens DeFi integration

Deep Dive

1. Offshore Yuan Stablecoin Adoption (Positive Outlook)

Overview:
Conflux’s AxCNH stablecoin, which is tied to China’s offshore yuan, started regulated pilot programs in Kazakhstan on October 8, 2025 (Yahoo Finance). This move supports China’s Belt and Road Initiative, aiming to reduce reliance on the U.S. dollar in international trade.

What this means:
Expanding AxCNH increases the use of CFX as the underlying blockchain for transactions, boosting demand for transaction fees and cross-chain services. Kazakhstan, being China’s largest trading partner with $41 billion in trade in 2024, offers a strong real-world use case.

What to watch:
Look for adoption data from the ATAIX Eurasia exchange (especially AxCNH/KZT trading pairs) and updates on regulatory guidance from China’s central bank.

2. Technical Rebound from Oversold Levels (Mixed Signals)

Overview:
On October 11, CFX’s Relative Strength Index (RSI) for 14 days dropped to 26.19, indicating the coin was oversold—the lowest since July 2025. Prices found support near the 50% Fibonacci retracement level at $0.126, following the rally from July to August.

What this means:
Short-term traders likely saw this as a buying opportunity, though other indicators like the MACD (-0.0128) remain bearish. The 24-hour trading volume was $63 million, down 34.59% from the previous day, suggesting cautious market participation.

Key levels:
If CFX closes above $0.10, it could aim for $0.111 (the 61.8% Fibonacci retracement). Falling below $0.09 might lead to testing the lows seen in June.

3. Proposal to Lock Up Treasury Holdings (Long-Term Positive)

Overview:
On September 2, Conflux proposed locking CFX tokens held by public companies for over four years to reduce the circulating supply of about 5.14 billion tokens. While this proposal hasn’t been approved yet, it shows growing interest from institutional players.

What this means:
If approved, this could take roughly 11% of the liquid supply off the market, based on similar token burns and stakes in 2025. However, recent price changes seem driven more by speculation than actual implementation.

Conclusion

The recent 24-hour gain in CFX reflects a mix of technical buying and optimism about China’s expanding blockchain initiatives. The AxCNH stablecoin project offers strong fundamental support, but ongoing market caution—highlighted by a Crypto Fear & Greed Index of 31 and a nearly 50% drop over 60 days—suggests investors should remain careful.

Key points to watch:
Progress reports on Kazakhstan’s AxCNH pilot in Q4 2025 and whether CFX can maintain support above $0.095.

What could affect the price of CFX?

Conflux’s price is caught between promising partnerships and some technical challenges.

1. Offshore Yuan Stablecoin (Positive) – The use of AxCNH in China’s Belt & Road trade routes could boost demand for CFX.
2. Conflux 3.0 Upgrade (Mixed) – The planned upgrade promises faster speeds and AI features but faces risks as the price has recently dropped.
3. Public Company Lockups (Neutral) – Proposed 4-year treasury holdings might reduce supply, but uncertainty around governance votes remains.

In-Depth Analysis

1. Offshore Yuan Stablecoin Adoption (Positive Impact)

Overview
Conflux’s AxCNH stablecoin, launched in Kazakhstan with partner AnchorX, is designed to simplify cross-border payments for China’s Belt & Road Initiative. Approved by Kazakh regulators, it aims to avoid the delays and costs of traditional banks. Early trials with companies like Zoomlion show promising real-world use.

What this means
If AxCNH gains traction by late 2025, CFX could see increased demand as the platform that settles these transactions, similar to how Ethereum supports USDT transfers. However, challenges like capital controls and geopolitical tensions with the U.S. dollar zone could slow adoption (Yahoo Finance).

2. Conflux 3.0 Upgrade & Technical Outlook (Mixed Impact)

Overview
The upcoming “Tree-Graph” upgrade, expected in August 2025, aims to boost transaction speeds to 15,000 per second and add AI tools. Despite this, CFX’s price has fallen 45% since the upgrade was announced. Technical indicators like RSI14 at 26.19 suggest the coin is oversold, while MACD points to bearish momentum.

What this means
If the upgrade succeeds, it could attract more developers and decentralized finance (DeFi) projects. But if the price falls below the $0.09 support level (current price: $0.0988), it might drop further toward the 2024 low of $0.064. The 200-day moving average at $0.1434 is a key resistance level to watch.

3. Public Company Treasury Proposals (Neutral Impact)

Overview
A governance vote is upcoming that could allow public companies to hold CFX in their treasuries with a 4-year lockup period. This might take about 11% of the circulating supply off the market. The involvement of pharmaceutical company Leading Biotech suggests growing institutional interest.

What this means
If approved, this would show long-term confidence in Conflux. However, it could reduce voting power for individual holders and the details on revenue sharing are unclear. The community will be watching the September vote closely (MEXC News).

Conclusion

CFX’s future depends on whether AxCNH adoption can support its image as “China’s blockchain” amid ongoing technical challenges. The $0.15–$0.18 price range, which was support in July but is now resistance, is critical for buyers. As competition among global stablecoins heats up, it’s worth considering if Conflux’s close ties to China give it an advantage—or bring regulatory risks. Keep an eye on AxCNH transaction volumes and how the 3.0 upgrade performs after launch.

What are people saying about CFX?

Conflux is gaining attention as part of China’s blockchain plans, but traders are cautious due to signs the token might be overbought. Here’s what’s happening:

1. 3.0 Upgrade Buzz – The network now supports 15,000 transactions per second (TPS) and integrates AI, boosting optimism.
2. Yuan Stablecoin Pilot – The AxCNH stablecoin is being tested for Belt & Road Initiative payments, attracting institutional interest.
3. Volatility Alerts – A high Relative Strength Index (RSI) of 93 and $11 million in liquidations have traders debating whether to take profits.

In-Depth Look

1. @Conflux_Network: “Tree-Graph 3.0 Goes Live” – Positive Outlook

“Conflux 3.0 enables 15,000 TPS and AI agent integration, positioning us as China’s compliant blockchain backbone.”
– @Conflux_Network (283K followers · 1.2M impressions · July 21, 2025)
View original post
What this means: This upgrade improves the network’s speed and capacity, making it more attractive for businesses and aligning with China’s technology goals. However, developer activity has slowed since the launch (Santiment), which raises questions about ongoing growth.

2. @johnmorganFL: “Short Squeeze Incoming?” – Mixed Signals

“CFX’s 40% price jump wiped out $11 million in short positions, but an RSI of 93 signals a possible correction. Consider locking in profits above $0.20.”
– @johnmorganFL (89K followers · 650K impressions · July 20, 2025)
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What this means: Data on derivatives shows more traders betting on price increases (CoinGlass), but the token is currently overbought, which could lead to price swings or a pullback.

3. @MOEW_Agent: “Stablecoin Hype vs. Reality” – Neutral View

“AxCNH’s pilot for Belt & Road payments could make CFX a Chinese alternative to SWIFT… if regulators approve.”
– @MOEW_Agent (112K followers · 980K impressions · July 20, 2025)
View original post
What this means: Offshore yuan stablecoins like AxCNH have the potential to increase real-world use cases, but regulatory restrictions and geopolitical issues remain significant challenges (AMBCrypto).

Conclusion

The outlook for Conflux is mixed. On one hand, China’s blockchain ambitions and the 3.0 upgrade, along with AxCNH stablecoin partnerships, support its long-term promise. On the other hand, the token has dropped 45% this month, reflecting profit-taking and broader economic pressures. Keep an eye on the AxCNH adoption rate in the last quarter of 2025—if Belt & Road countries start using it widely, CFX could bounce back to $0.15. Until then, expect continued price swings.

What is the latest news about CFX?

Conflux is making strategic moves with its yuan-backed stablecoin and aiming for wider adoption by institutions. Here’s the latest update:

1. Yuan Stablecoin Launch (October 8, 2025) – AxCNH goes live in Kazakhstan to support trade along the Belt & Road Initiative.
2. HTX DAO Partnership (September 23, 2025) – A Shanghai meetup focuses on combining centralized exchanges with decentralized finance (DeFi).
3. Public Company Partnerships (September 2, 2025) – A proposal suggests locking CFX tokens in treasury deals with public companies.

Deep Dive

1. Yuan Stablecoin Launch (October 8, 2025)

Overview:
Conflux and AnchorX introduced AxCNH, the first regulated offshore stablecoin pegged to the Chinese yuan, in Kazakhstan. Built on Chinese blockchain technology, it aims to simplify cross-border payments for countries involved in the Belt & Road Initiative, reducing reliance on the U.S. dollar.

What this means:
This is a positive development for CFX, positioning Conflux as a leader in China’s push to digitize international trade. However, challenges remain due to limited availability of offshore yuan (CNH) and geopolitical concerns. (Yahoo Finance)

2. HTX DAO Partnership (September 23, 2025)

Overview:
HTX DAO held its first developer meetup in Shanghai, focusing on blending liquidity from centralized exchanges with decentralized finance platforms. Conflux developers shared plans for compliant tokenization of real-world assets and cross-chain transactions.

What this means:
This partnership could benefit CFX by tapping into HTX’s large user base (over 800,000 users), potentially increasing its use cases. Still, competition in the hybrid finance space is strong. (Decrypt)

3. Public Company Partnerships (September 2, 2025)

Overview:
Conflux proposed a governance vote to allow its Ecosystem Fund to partner with publicly traded companies. The plan includes locking CFX tokens in treasury deals for four years and running node operations to attract regulated investment.

What this means:
If approved, this could be a long-term positive by reducing token sell pressure through locked supply. However, some remain cautious after CFX’s price dropped 18% monthly before the announcement. (Yahoo Finance)

Conclusion

Conflux is focusing on key partnerships like AxCNH and HTX, along with efforts to bring in institutional investors, to strengthen its role in China’s blockchain strategy. While these initiatives align with a global shift away from dollar dominance, challenges around adoption and liquidity remain. The big question: Will countries involved in the Belt & Road Initiative choose AxCNH over established dollar-backed stablecoins?

What is expected in the development of CFX?

Conflux is making progress with several key developments:

1. AxCNH Stablecoin Expansion (Q4 2025) – Launching an offshore yuan-backed stablecoin to support cross-border payments along the Belt & Road initiative.
2. Public Company Treasury Partnerships (Pending Approval) – Bringing publicly traded companies into Conflux’s ecosystem with a plan to lock their tokens for four years.
3. AI & Real-World Asset (RWA) Integration (2026) – Enhancing blockchain technology to support AI-powered contracts and tokenization of real-world assets.

In-Depth Look

1. AxCNH Stablecoin Expansion (Q4 2025)

What’s Happening:
Conflux introduced AxCNH, a stablecoin pegged to the offshore Chinese yuan, in Kazakhstan on September 17, 2025. This was done through partnerships with AnchorX and Eastcompeace. The goal is to make cross-border trade easier among countries involved in China’s Belt & Road initiative, using Conflux’s blockchain that complies with Chinese regulations.

Why It Matters:
This development could increase demand for Conflux’s blockchain services in regulated financial markets. However, political factors and China’s strict capital controls might limit how widely AxCNH is used globally.

2. Public Company Treasury Partnerships (Pending Approval)

What’s Happening:
A proposal currently under governance review aims to bring publicly traded companies into Conflux’s network. These companies would use CFX tokens for managing their treasuries, running network nodes, and tokenizing real-world assets. Tokens allocated to these companies would be locked for four years to ensure long-term commitment.

Why It Matters:
This could be a positive step by attracting institutional players, which may help stabilize the CFX token’s market. Still, challenges like regulatory approval and how quickly companies adopt the platform could affect the outcome.

3. AI & Real-World Asset Integration (2026)

What’s Happening:
Conflux 3.0, launched in August 2025, introduced the Tree-Graph architecture capable of handling up to 15,000 transactions per second (source). Upcoming plans include adding AI-driven smart contracts and modules for tokenizing commodities and other real-world assets, expected in 2026.

Why It Matters:
If successful, this could position Conflux as a leader in combining artificial intelligence with decentralized finance (DeFi). However, competition from Ethereum Layer 2 solutions and unclear regulations around tokenized real assets could slow progress.

Summary

Conflux is focusing on regulated financial applications like the AxCNH stablecoin and partnerships with public companies, while also advancing its technology to support AI and real-world asset tokenization. The project’s success will depend on navigating China’s regulatory environment while maintaining global reach.

Could AxCNH’s role in cross-border payments make CFX a key link between Asia’s digital yuan initiatives and the broader decentralized finance world?

What updates are there in the CFX code base?

Conflux’s software received major updates in the third quarter of 2025, focusing on improving scalability, compatibility with Ethereum tools, and overall network stability.

1. v3.0.1 Hardfork (August 12, 2025) – Fixed bugs and optimized node operations for smoother performance.
2. v3.0.0 Upgrade (August 1, 2025) – Introduced 8 Conflux Improvement Proposals (CIPs) to enhance Ethereum Virtual Machine (EVM) compatibility and make transactions more efficient.
3. Testnet Fixes (August 11, 2025) – Improved test network stability to prepare for the main network upgrade.

Deep Dive

1. v3.0.1 Hardfork (August 12, 2025)

Overview:
This update focused on maintenance and improvements to the previous v3.0.0 release. Node operators needed to upgrade by September 1, 2025, to stay compatible with the network.

Technical Details:
The update activated CIP-156, which improved Conflux’s hybrid consensus system combining Proof of Work (PoW) and Proof of Stake (PoS). It also fixed important bugs in the Remote Procedure Call (RPC) system that affected data retrieval and made node synchronization faster and more reliable.

What this means:
This update doesn’t directly affect the value of CFX but strengthens the network’s health. Node operators benefit from fewer disruptions, and developers get a more stable platform for building decentralized applications (dApps).
(Source)

2. v3.0.0 Upgrade (August 1, 2025)

Overview:
A significant upgrade that introduced 8 new CIPs aimed at improving compatibility with Ethereum’s tools and reducing transaction processing times.

Technical Details:
The upgrade enhanced integration with Ethereum development tools like Solidity and Hardhat. It also adjusted Proof of Stake rules to speed up transaction finality by about 30%. This means developers can now deploy Ethereum-based dApps on Conflux with minimal changes to their code.

What this means:
This is a positive development for CFX because it makes the platform more accessible to Ethereum developers and positions Conflux as a scalable, regulation-friendly option for projects looking to expand beyond Ethereum.
(Source)

3. Testnet Fixes (August 11, 2025)

Overview:
A patch on the test network fixed version conflicts and edge cases in the RPC system ahead of the main network upgrade.

Technical Details:
The fixes addressed synchronization issues during high traffic and standardized error messages to make troubleshooting easier.

What this means:
While this update doesn’t impact CFX’s price or features directly, it smooths the transition for node operators upgrading to v3.0.1, helping ensure a stable mainnet rollout.
(Source)

Conclusion

Conflux’s 2025 upgrades highlight its focus on interoperability and enterprise-level reliability, reinforcing its role in China’s blockchain ecosystem. Although CFX’s price has dropped about 31% over the past week, these infrastructure improvements could attract more developers over time. Will enhanced EVM compatibility encourage developers to migrate as broader economic conditions improve?