Conflux CFX surges 105% to $0.23 on 3.0 upgrade and RMB stablecoin

Conflux (CFX) has experienced a significant surge, with its price increasing by over 100% to reach $0.23 and a market capitalization of $1.1 billion. This dramatic rise is driven by the upcoming launch of Conflux 3.0 and the introduction of an RMB stablecoin initiative. The Conflux 3.0 upgrade is set to enhance transaction speeds to 15,000 transactions per second (TPS) and integrate native on-chain AI agents, positioning Conflux as a key player in China’s evolving crypto ecosystem.

The Conflux 3.0 upgrade was unveiled during the Conflux Technology and Ecosystem Development Conference in Shanghai. Dr. Guang Yang, Conflux’s CTO, detailed the upgrade’s architecture, emphasizing the significant increase in transaction throughput and the integration of native on-chain AI agents. These enhancements aim to make Conflux a scalable and intelligent blockchain platform capable of supporting complex decentralized applications.

In addition to technological advancements, Conflux is strategically aligning with partners to promote an offshore RMB stablecoin, targeting cross-border payments within countries participating in China’s Belt and Road Initiative. This move not only expands Conflux’s use cases but also embeds the blockchain within broader geopolitical and economic frameworks, potentially attracting institutional and governmental support.

Further validating Conflux’s rising prominence, Innovative Pharmaceutical Biotech recently signed a non-binding Memorandum of Understanding (MOU) to potentially acquire a company that holds blockchain assets from Conflux. This prospective acquisition signals increasing institutional interest in Conflux’s technology and ecosystem, which could lead to enhanced adoption and integration across industries.

The announcement states, “Pursuant to the MOU, the Company intends to acquire and the vendor intends to sell the entire issued share capital of the Target Company, subject to the completion of the Target Company’s acquisition of the Conflux assets.” Such strategic moves highlight the growing recognition of Conflux’s value proposition beyond retail investors.

While the recent developments have generated significant enthusiasm, market participants should remain cautious. The rapid price appreciation may attract speculative trading, and the sustainability of gains will depend on successful execution of the Conflux 3.0 upgrade and adoption of the RMB stablecoin initiative. Monitoring network performance and partnership progress will be critical in assessing long-term value.

Conflux’s impressive 105% price surge reflects a confluence of technological innovation, strategic partnerships, and geopolitical relevance. The upcoming Conflux 3.0 upgrade and RMB stablecoin initiative position the blockchain as a formidable player in China’s crypto landscape. Institutional interest further bolsters confidence, suggesting that CFX’s momentum could extend beyond short-term gains. Investors and observers should watch closely as these developments unfold, offering a unique opportunity to engage with a rapidly evolving blockchain ecosystem.