Why did the price of CFX go up?

Conflux (CFX) increased by 2.46% in the last 24 hours, breaking its 30-day downward trend of -25.84%. This rise matches positive technical signals and renewed interest in its role within China’s blockchain projects. Here are the main reasons:

1. Stablecoin Growth – AxCNH, Conflux’s offshore yuan stablecoin, is gaining use in trade along China’s Belt and Road Initiative.
2. Network Improvements – The Conflux 3.0 upgrade, with a capacity of 15,000 transactions per second (TPS) and AI features, supports its scalability story.
3. Technical Recovery – Indicators like the MACD and RSI suggest short-term buying momentum.

Deep Dive

1. Stablecoin Adoption (Positive for CFX)

Overview: Conflux’s AxCNH stablecoin, created with AnchorX and Kazakhstan’s regulators, is increasingly used for cross-border trade under China’s Belt and Road Initiative (Finance Magnates). Recent moves by China’s central bank (PBoC) and Hong Kong’s Monetary Authority to increase offshore yuan liquidity have boosted demand for blockchain platforms like Conflux.

Why it matters: Using AxCNH reduces dependence on U.S. dollar-based stablecoins, positioning CFX as a key player in China’s digital currency plans. More transactions on Conflux’s network could increase demand for CFX tokens.

Watch for: Clear regulations from China and Hong Kong, and AxCNH’s adoption by major trade platforms.

2. Network Upgrades (Mixed Effects)

Overview: The Conflux 3.0 upgrade, finished in August 2025, added parallel transaction processing with 15,000 TPS and AI support. However, a hardfork update in September 2025 caused a 10% price drop due to profit-taking and liquidations in derivative markets (AMBCrypto).

Why it matters: These upgrades improve Conflux’s long-term ability to handle more transactions and support real-world asset applications. Still, short-term price swings remain. The recent price bounce shows renewed confidence in Conflux’s infrastructure for institutional use.

Key level: Holding above the 30-day simple moving average (SMA) at $0.1299 could indicate a positive trend shift.

3. Technical Rebound (Neutral to Positive)

Overview: The MACD indicator for CFX turned positive (+0.000413) for the first time since early October, and the RSI moved out of oversold territory at 34.45. The price is testing the 23.6% Fibonacci retracement level at $0.1339.

Why it matters: Traders are cautiously buying, but volume dropped 33% in 24 hours, showing limited strength. If the price breaks above $0.1339, it could gain momentum toward $0.15.

Conclusion

CFX’s recent gains reflect optimism driven by stablecoin adoption, technical recovery, and excitement about its high-speed network upgrades. However, challenges remain, including broader market pressures like Bitcoin’s dominance at 59.27% and a 40% drop in CFX over the past 90 days.

Key question: Will growing AxCNH trade volumes be enough to balance out Conflux’s declining developer activity, which has dropped 75% since July?

What could affect the price of CFX?

Conflux is at a critical point, balancing technical improvements with regulatory challenges.

1. Network Upgrades – Conflux 3.0 boosts speed to 15,000 transactions per second (TPS) and adds AI features (positive outlook)
2. Stablecoin Pilot – Launch of offshore yuan stablecoin (AxCNH) for Belt & Road trade (mixed outlook)
3. Corporate Partnerships – New rules for companies to hold CFX with a 4-year lockup (neutral outlook)

Deep Dive

1. Network Upgrades: Faster Transactions & AI Integration (Positive)

Overview:
In October 2025, Conflux rolled out version 3.0, which introduced parallel transaction processing capable of handling 15,000 TPS. It also integrated AI agents to work with smart contracts and improved compatibility with Ethereum-based applications. These upgrades make Conflux a strong candidate for large-scale business use, especially in Asia.

What this means:
The faster network could attract decentralized finance (DeFi) projects and cross-border payment systems, increasing demand for CFX tokens used to pay transaction fees (gas). However, success depends on developers moving their projects from other Ethereum-compatible blockchains to Conflux.

2. Offshore Yuan Stablecoin Pilot (Mixed)

Overview:
Conflux launched AxCNH, a stablecoin pegged to the offshore Chinese yuan, in Kazakhstan in September 2025. This stablecoin aims to support over $150 billion in trade along China’s Belt & Road Initiative. Early trials with companies like Zoomlion and Lenovo have shown potential. Still, U.S. dollar-backed stablecoins currently dominate 99% of the $300 billion global stablecoin market (Finance Magnates).

What this means:
If AxCNH gains traction, it could link CFX to real-world trade volumes, boosting its value. However, restrictions on capital movement and limited availability of offshore yuan outside Asia pose challenges. The project’s success largely depends on whether Chinese regulators permit wider use of AxCNH.

3. Corporate Partnerships and Token Lockups (Neutral)

Overview:
A governance proposal passed in September 2025 allows publicly traded companies to hold CFX tokens in their treasuries, with a minimum lockup period of four years. This could reduce selling pressure on the token. So far, about $14 million worth of CFX has been moved to corporate wallets.

What this means:
While long-term partnerships with companies are a positive sign, the recent 40% drop in CFX’s price over 90 days makes companies hesitant to invest heavily. Keep an eye on any new partnership announcements expected in late 2025.

Conclusion

The future of CFX depends heavily on the success of the AxCNH stablecoin in facilitating Belt & Road trade and on increased developer activity following the network upgrades. Although the technical improvements are promising, broader risks like China’s regulatory stance on cryptocurrency and the strong dominance of Bitcoin (currently at 59.3% market share) limit potential growth. The key question remains: Can AxCNH capture just 1% of Belt & Road trade settlements by 2026?

What are people saying about CFX?

Conflux is gaining attention thanks to China’s blockchain goals and upcoming technical improvements. Here’s what’s happening:

1. Stablecoin partnerships are sparking interest in Belt & Road payment projects
2. Conflux 3.0 upgrade aims for faster transactions and AI features
3. Signs of overbuying are raising questions about how long the momentum can last

In-Depth Look

1. Offshore yuan stablecoin launch signals positive momentum

Conflux has teamed up with AnchorX to launch the AxCNH stablecoin, designed for cross-border payments along China’s Belt & Road initiative.
– @Conflux_Network (288K followers · 1.2M impressions · July 23, 2025)
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Why it matters: This move could boost demand for CFX tokens because China is working to make its currency more widely used internationally through blockchain technology. Conflux could become a key platform for these compliant payment systems.

2. Recent price surge driven by short sellers covering positions, but risks remain

CFX’s price jumped 40%, forcing traders betting against it to buy back their positions, totaling $11 million in liquidations. However, technical indicators like the Relative Strength Index (RSI) hitting 93 suggest the price might be overextended.
– @johnmorganFL (91K followers · 650K impressions · July 20, 2025)
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Why it matters: While the price increase shows strong interest, the high RSI warns that a price correction could happen if the excitement around upgrades fades.

3. Upcoming Conflux 3.0 upgrade promises faster speeds and AI integration

The Tree-Graph 3.0 upgrade, scheduled for August 1, aims to increase transaction speeds to 15,000 per second and add support for AI-powered features.
– @genius_sirenBSC (132K followers · 890K impressions · August 3, 2025)
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Why it matters: This upgrade could solve current scalability challenges, making Conflux more attractive for developers building real-world asset (RWA) applications and payment solutions.

Summary

Overall, the outlook for CFX is cautiously optimistic. China’s push to expand blockchain use internationally and the technical upgrades support Conflux’s potential as a regulated crypto platform. However, the token’s high RSI of 92.89 (as of July 20) indicates the price momentum may be fragile. Keep an eye on the results of the stablecoin pilot launching August 1—strong adoption in markets like Singapore and Malaysia could justify current prices, while weak interest might lead to profit-taking.

What is the latest news about CFX?

Conflux is adapting to China’s changing crypto landscape by launching stablecoin pilots and upgrading its ecosystem, but market interest remains limited.

1. AxCNH Stablecoin Launches in Kazakhstan (October 8, 2025) – Kazakhstan’s first regulated offshore yuan stablecoin aims to support trade along China’s Belt & Road Initiative.
2. HTX DAO Meetup in Shanghai (September 23, 2025) – Focused on combining traditional finance (CeFi), decentralized finance (DeFi), and real-world assets (RWAs).
3. Public Company Partnership Proposal (September 2, 2025) – Suggests locking CFX tokens for four years to encourage corporate involvement.

Deep Dive

1. AxCNH Stablecoin Launches in Kazakhstan (October 8, 2025)

Overview
Conflux teamed up with AnchorX to launch AxCNH, Kazakhstan’s first regulated offshore yuan stablecoin. This project supports cross-border trade between Chinese companies and Belt & Road partners like Singapore and Malaysia. It’s officially licensed by Kazakhstan’s financial regulator, AFSA.

What this means
This is a positive step for Conflux (CFX), positioning it as a key player in China’s international trade blockchain efforts. However, widespread adoption faces challenges, including the dominance of the US dollar in stablecoins (which makes up 99% of the market) and China’s strict capital controls. (Yahoo Finance)

2. HTX DAO Meetup in Shanghai (September 23, 2025)

Overview
HTX DAO gathered over 800,000 token holders to promote its “Free Finance Port” vision. This initiative integrates Conflux’s blockchain technology to tokenize real-world assets and enable cross-chain transactions.

What this means
This development is cautiously optimistic for Conflux’s decentralized finance (DeFi) potential. While it improves Conflux’s utility, it faces stiff competition from other established blockchain networks. The “X Fusion Paradigm” — a new approach combining fee sponsorship and modular design — could attract developers if it gains momentum. (Decrypt)

3. Public Company Partnership Proposal (September 2, 2025)

Overview
Conflux proposed that public companies lock up CFX tokens in their treasuries for at least four years. This aims to encourage these companies to run network nodes and manage real-world assets on the blockchain.

What this means
This is cautiously positive for CFX’s long-term outlook. Reducing token supply through lockups and staking (which has already cut supply by 11% since May 2025) could support price stability. However, success depends on whether companies actually participate. Since the announcement, CFX’s price has dropped about 40%. (CoinMarketCap)

Conclusion

Conflux is actively pursuing China’s blockchain strategy through stablecoin projects and partnerships with businesses. However, the 26% drop in CFX’s price over the past month shows that investors remain skeptical about how quickly these efforts will pay off. The key question is whether AxCNH’s trade volume will meet its ambitious goals or if regulatory challenges will slow progress.

What is expected in the development of CFX?

Conflux is making progress with these key developments:

1. AxCNH Stablecoin Expansion (2025–2026) – Growing cross-border payment options through partnerships along the Belt & Road Initiative.
2. Conflux 3.0 Ecosystem Growth (2025–2026) – Using faster transaction speeds and AI tools to encourage more decentralized apps (dApps).
3. Real-World Asset (RWA) Tokenization (2026 and beyond) – Creating tools to digitize real-world assets like commodities and carbon credits.

In-Depth Look

1. AxCNH Stablecoin Expansion (2025–2026)

What it is:
AxCNH is Conflux’s stablecoin pegged to the offshore Chinese yuan, launched on August 1, 2025 (source). It’s designed to make cross-border payments easier, especially in countries involved in China’s Belt & Road Initiative. Plans include teaming up with Asian banks and integrating AxCNH into online shopping platforms.

Why it matters:
More use of AxCNH could increase demand for Conflux’s blockchain, which handles transactions and settlements. However, changing crypto regulations in China and competition from government-backed digital currencies like the digital yuan could limit growth.

2. Conflux 3.0 Ecosystem Growth (2025–2026)

What it is:
The Conflux 3.0 upgrade, completed in August 2025 (source), boosted the network’s speed to 15,000 transactions per second and added support for AI-powered applications. The team is now offering grants to developers building AI-driven dApps and improving compatibility with Ethereum-based projects.

Why it matters:
This upgrade makes Conflux a faster and more advanced blockchain, which could attract more developers and users. But competing with well-established blockchains is tough, and the 43% drop in CFX’s price since July 2025 shows some investors are cautious.

3. Real-World Asset (RWA) Tokenization Infrastructure (2026+)

What it is:
Conflux plans to build infrastructure that allows physical assets like commodities and carbon credits to be represented digitally on its blockchain. There are rumors of pilot projects with Chinese state-owned companies starting in 2026, but no official dates yet.

Why it matters:
If successful, this could open new business opportunities and increase blockchain adoption in traditional industries. However, this depends heavily on regulatory approval and cooperation from large institutions, which are outside Conflux’s direct control.

Conclusion

Conflux’s roadmap aims to turn its technical improvements into real-world uses through stablecoins and asset tokenization. Although the recent price drop (-43% since July) shows some market skepticism, Conflux’s unique position in China’s blockchain space offers potential upside. The key question is: Can Conflux shift from being a speculative project to a practical, utility-driven network? Keep an eye on developer activity and how widely AxCNH is adopted for signs of progress.

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What updates are there in the CFX code base?

Conflux’s software has received major updates focused on improving scalability, compatibility with Ethereum’s system, and overall network stability.

1. v3.0.1 Hardfork (August 12, 2025) – Fixed bugs and improved node communication for smoother operation.
2. v3.0.0 Upgrade (August 1, 2025) – Added 8 new Conflux Improvement Proposals (CIPs) to enhance Ethereum compatibility and performance.
3. Conflux 3.0 Launch (July 2025) – Boosted transaction speed to 15,000 transactions per second (TPS) and introduced AI features for smart contracts.

Deep Dive

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

Overview: This update fine-tuned the previous v3.0.0 upgrade by focusing on network stability and improving tools for developers. Key changes included activating CIP-156, a governance proposal, and enhancing Remote Procedure Call (RPC) methods that help nodes communicate better. Node operators needed to update their software by September 1 to avoid compatibility issues.
What this means: This update doesn’t add new features but helps keep the network reliable and reduces downtime risks for validators and developers.
(Source)

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

Overview: This upgrade introduced 8 new CIPs designed to improve how Conflux works with Ethereum’s system, making it easier for developers to move their decentralized apps (dApps) over. Improvements included better cryptographic functions compatible with Ethereum, optimizations to reduce transaction costs (gas), and fixes to consensus-layer bugs.
What this means: This is positive for CFX because better Ethereum compatibility can attract more developers and increase activity within the Conflux ecosystem.
(Source)

3. Conflux 3.0 Launch (July 2025)

Overview: Conflux 3.0 introduced a new Tree-Graph consensus mechanism that allows multiple transactions to be processed at the same time, reaching speeds of 15,000 TPS. It also added AI agent support within smart contracts, enabling developers to create AI-powered decentralized applications. Additionally, plans were announced for a yuan-pegged stablecoin called AxCNH.
What this means: This is a strong positive for CFX, positioning Conflux as a fast, enterprise-ready blockchain, especially useful for cross-border payments and real-world assets (RWAs).
(Source)

Conclusion

Conflux’s recent updates highlight its focus on scalability, ease of development, and practical use cases. The v3.0 series strengthens its position as a high-performance Layer 1 blockchain compliant with Chinese regulations. The integration of AI features could be a key factor in attracting and retaining developers after these upgrades.