The decentralized blockchain network Conflux has seen explosive growth, with its native token CFX surging 73.01% in just 24 hours. This dramatic rise follows a series of strategic developments, including a high-profile collaboration with China Telecom and the listing of CFX perpetual contracts on Binance, one of the world’s largest cryptocurrency exchanges.
At press time, CFX reached a peak of $0.2882**, surpassing its previous weekly high of $0.175. The rally has propelled Conflux into the top 100 cryptocurrencies by market capitalization, currently ranking #85 with a market cap exceeding $400 million**.
Strategic Breakthrough: Hong Kong BSIM Card Launch
A key catalyst behind the surge is Conflux’s recent partnership with China Telecom to launch the Hong Kong Blockchain SIM (BSIM) card. This innovative mobile solution integrates Conflux’s proprietary cryptographic technology directly into a SIM card, enabling seamless access to Web3 and metaverse applications.
The BSIM card features:
- Built-in support for tree-based consensus, dPoS, and PoW mechanisms
- Native wallet functionality with secure public and private key isolation
- On-device private key signing without exposing sensitive data
- Direct blockchain connectivity when inserted into compatible smartphones
This integration effectively lowers the barrier to entry for mainstream users, allowing them to interact with decentralized applications (dApps), digital assets, and cross-chain services directly from their phones—without needing additional hardware or technical expertise.
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Why the BSIM Card Matters for Mass Adoption
The BSIM card represents a significant step toward real-world blockchain adoption, especially in regulated markets like Hong Kong. By leveraging telecom infrastructure—a trusted and widely used channel—it addresses two major hurdles in crypto adoption: security and usability.
Unlike traditional software wallets vulnerable to phishing or malware, the BSIM card stores private keys in a hardware-isolated environment, making it far more resistant to attacks. Moreover, because it's issued through an established telecom provider, it benefits from existing regulatory compliance frameworks, enhancing user trust.
This move aligns with growing regional interest in digital identity, central bank digital currencies (CBDCs), and tokenized assets, positioning Conflux as a key player in China’s evolving blockchain landscape.
Binance Lists CFX Perpetual Contracts
Fueling further momentum, Binance announced the launch of CFXUSDT perpetual futures contracts with up to 20x leverage, starting at 22:30 Beijing time. The introduction of leveraged trading products typically increases liquidity and attracts both short-term traders and long-term investors.
Perpetual contracts allow traders to speculate on price movements without owning the underlying asset, increasing market participation. Given Binance’s massive global user base, this listing significantly expands CFX’s visibility and trading volume potential.
For retail investors, this means easier access to hedging strategies and directional bets on Conflux’s performance—amplifying market sentiment during bullish runs.
Mining Boom: Hashrate Jumps 418% in One Month
The surge in CFX’s price has also triggered a mining frenzy. According to data from miningpoolstats, Conflux’s network difficulty has skyrocketed:
- From 3.57T last Friday
- To 4.41T at time of writing
- An increase of 418% since January 20, when difficulty was just 847.54G
This explosive growth reflects renewed miner interest, driven by rising token value and improved profitability.
Silent Miners Reap Massive Gains
Early adopters—often referred to as "silent miners"—who began mining CFX in January are now seeing extraordinary returns. Using a single NVIDIA RTX 3080 GPU with an electricity cost of $0.10/kWh, these miners are estimated to have earned approximately:
- $3.47 per day in net profit
- Total monthly earnings of around $104.10 per card after electricity costs
- A return premium of over 2,042% compared to new miners entering today
This disparity highlights the advantage of early participation in emerging proof-of-work blockchains before competition intensifies.
Conflux: China’s Only Compliant Public Blockchain?
Conflux positions itself as the only legally compliant, public, and decentralized blockchain in China—a claim rooted in its unique regulatory alignment and technical design.
While many blockchain projects face restrictions in mainland China due to strict crypto policies, Conflux operates under a special framework that allows it to support innovation while complying with national regulations. Its hybrid consensus model combines Tree-Graph consensus with elements of PoW and dPoS, achieving high throughput without sacrificing decentralization.
The ecosystem has grown rapidly, integrating major DeFi protocols such as:
- SushiSwap
- DODO
- PancakeSwap
- Chainlink
- Waves
- Native DEX: Moonswap
These partnerships enhance liquidity, expand use cases, and strengthen developer engagement across the network.
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Frequently Asked Questions (FAQ)
What is the Conflux Network?
Conflux is a high-performance, permissionless blockchain designed to scale securely while maintaining decentralization. It uses a unique Tree-Graph consensus algorithm to process transactions in parallel, achieving high throughput suitable for enterprise and consumer applications.
What makes the BSIM card different from other crypto wallets?
Unlike software or hardware wallets, the BSIM card is embedded in a telecom SIM card with military-grade secure zones for private key storage. It enables direct blockchain connectivity via mobile networks and supports regulatory compliance out-of-the-box—ideal for government-backed digital identity systems.
Is CFX available on major exchanges?
Yes. CFX is listed on several top-tier exchanges including Binance, Gate.io, and Waves.Exchange, ensuring strong liquidity and global accessibility.
Can I still profit from mining CFX now?
While current mining profitability is lower than it was in January due to increased network difficulty, CFX mining remains viable for those with low electricity costs and efficient hardware. However, returns will be significantly less than those achieved by early miners.
How does Conflux comply with Chinese regulations?
Conflux operates through an offshore entity but maintains close collaboration with Chinese institutions and enterprises. Its infrastructure supports traceability and identity verification features required by regulators, allowing it to serve as a bridge between traditional finance and decentralized systems within compliant boundaries.
What are the future use cases for Conflux?
Potential applications include digital RMB integration, supply chain tracking, intellectual property protection, metaverse platforms, and government-backed ID systems—particularly in Hong Kong and other special administrative regions.
Final Thoughts: A Catalyst for Institutional Web3 Adoption
The recent surge in CFX is more than just a price movement—it reflects growing confidence in Conflux’s mission to build a regulation-friendly public blockchain capable of driving real-world adoption.
With the BSIM card lowering entry barriers, Binance boosting liquidity, and mining activity surging, Conflux is demonstrating resilience and innovation in a highly competitive landscape.
As governments increasingly explore digital infrastructure upgrades, compliant blockchains like Conflux may play a pivotal role in shaping the next phase of the internet economy.
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