CFX, the native cryptocurrency of the Conflux network, has seen a 1.90% increase over the past 24 hours, trading at $0.08 according to CoinMarketCap data as of July 1. The price reached a high of $0.08 and dipped to a low of $0.07 during this period. Market capitalization now stands at approximately $396 million—an increase of $7.37 million from the previous day—reflecting renewed investor interest and market momentum.
What Is Conflux?
Conflux is a high-throughput public blockchain designed for scalability and efficiency. At its core lies the innovative Tree-Graph consensus algorithm, which enables parallel processing of blocks and transactions. This unique architecture significantly reduces confirmation times while boosting transactions per second (TPS), making Conflux one of the most scalable Layer 1 solutions in the blockchain space.
Unlike many newer protocols that experiment with unproven consensus mechanisms, Conflux leverages a rigorously tested Proof-of-Work (PoW) model at the protocol level. This ensures robust security and built-in protection against reentrancy attacks—a critical advantage in an ecosystem increasingly targeted by sophisticated exploits.
The network also supports on-chain staking, allowing users to earn rewards by locking up CFX tokens. Currently, annual yields for staked CFX sit at around 4%, providing a stable incentive for long-term holders and contributing to network decentralization.
Additionally, Conflux has launched ShuttleFlow, a cross-chain asset bridge that facilitates seamless transfers between multiple blockchain protocols. This interoperability layer enhances liquidity flow and expands access to decentralized finance (DeFi) applications across ecosystems.
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Key Use Cases of CFX
CFX serves as the utility token powering the entire Conflux ecosystem:
- Transaction fees: Users pay gas fees in CFX for executing smart contracts and transferring assets.
- Staking rewards: Participants can stake CFX to support network security and earn passive income.
- Storage rental: Developers use CFX to rent storage space on the blockchain for dApps and data.
- Governance participation: Token holders vote on protocol upgrades and development proposals, ensuring decentralized decision-making.
These multifaceted utilities position CFX not just as a speculative asset but as a functional component of a growing Web3 infrastructure.
Recent Strategic Developments Driving Market Sentiment
1. Pharmaceutical Firm Eyes Conflux Blockchain Assets
A major development has emerged involving Landing Biotech & Pharmaceuticals Limited (HKEX: 00399), a Hong Kong-listed company. The firm has signed a memorandum of understanding (MoU) to acquire full equity in a company holding key Conflux-related blockchain assets.
This strategic move signals Landing Biotech’s intent to diversify into blockchain technology, potentially integrating distributed ledger systems into healthcare data management, supply chain traceability, or digital identity solutions. The acquisition consideration may be settled via cash, company shares, or convertible bonds, with final terms expected in a definitive agreement.
This crossover between traditional finance and blockchain innovation highlights growing institutional recognition of blockchain’s transformative potential beyond crypto-native circles.
2. Dual Leadership: Conflux Founders Join Biotech Board
Notably, both Conflux co-founders—Fan Long and Ming Wu—have been appointed as executive directors at Landing Biotech. Their dual roles underscore a deep strategic alignment between the two entities and suggest more than just a financial investment—it points toward active technological integration and operational synergy.
With Landing Biotech’s market cap at approximately HK$371 million (~$47.26 million) and Conflux’s native token CFX boasting a market valuation of $393 million, the disparity in market perception could indicate significant upside potential if broader adoption follows.
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3. CFX Experiences Volatility on Acquisition News
Market reaction to these developments was swift. On July 1, CFX surged over 10% intraday before settling into a more stable range, ultimately closing with a 1.90% gain. Such volatility reflects heightened investor attention and optimism about Conflux’s future trajectory.
While short-term price swings are common in crypto markets, the underlying fundamentals appear to be strengthening. Increased visibility through ties with publicly traded companies may attract new institutional and retail investors seeking exposure to scalable blockchain infrastructure.
Technical and Fundamental Outlook
From a technical perspective, CFX has recently broken above key resistance levels, suggesting bullish momentum may continue in the near term. With rising trading volume and improved on-chain activity, the network shows signs of organic growth rather than speculative pumping.
Fundamentally, the partnership with a traditional sector player like Landing Biotech could open doors for real-world use cases—particularly in regulated industries where trust, auditability, and compliance are paramount. If successful, this model could serve as a blueprint for other blockchain projects aiming to bridge the gap between decentralized tech and mainstream enterprise adoption.
Frequently Asked Questions (FAQ)
Q: What is causing CFX's recent price increase?
A: The 1.90% rise is largely attributed to news of a potential acquisition of Conflux-related assets by Landing Biotech, along with increased confidence stemming from leadership overlap between the two organizations.
Q: Can I stake CFX tokens? What are the returns?
A: Yes, CFX supports native staking with an estimated annual yield of 4%. Staking helps secure the network and allows participants to earn rewards passively.
Q: How does Conflux differ from other blockchains?
A: Conflux uses the Tree-Graph consensus algorithm for higher throughput and faster confirmations while maintaining PoW-level security—offering scalability without sacrificing decentralization or safety.
Q: What is ShuttleFlow?
A: ShuttleFlow is Conflux’s cross-chain bridge that enables seamless asset transfers between different blockchain networks, enhancing interoperability and DeFi accessibility.
Q: Is Conflux environmentally sustainable despite using PoW?
A: While Conflux employs PoW, it is designed with efficiency in mind. Moreover, discussions around green mining and carbon offset initiatives are ongoing within the community to address environmental concerns.
Q: Where can I trade CFX securely?
A: CFX is listed on several major exchanges. For reliable trading experiences with strong liquidity and security measures, consider platforms that support deep order books and regulatory compliance.
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Final Thoughts
The recent surge in CFX’s value reflects more than just market speculation—it signals growing confidence in Conflux’s technological foundation and its expanding ecosystem. The strategic alignment with a traditional pharmaceutical company introduces a compelling narrative of real-world blockchain adoption, setting Conflux apart from purely speculative projects.
As scalability, security, and interoperability remain central challenges in Web3 evolution, Conflux’s hybrid approach—combining proven PoW security with innovative consensus mechanics—positions it as a strong contender in the next generation of public blockchains.
While investors should always exercise caution due to inherent market volatility, the convergence of technical progress and strategic partnerships makes CFX a project worth watching closely in 2025 and beyond.
This article does not constitute financial advice. Always conduct your own research before making investment decisions.