Conflux Network (CFX) is an innovative blockchain platform that combines academic research with real-world scalability to deliver a high-performance, environmentally sustainable public ledger. Backed by cutting-edge consensus technology developed at Tsinghua University, Conflux has emerged as a state-recognized infrastructure project in China, positioning itself uniquely in the global blockchain landscape.
This article explores the core features, market performance, supply dynamics, and long-term potential of Conflux Network—offering readers a comprehensive understanding of what sets CFX apart in the competitive Layer 1 ecosystem.
What Is Conflux Network?
Conflux Network is a decentralized, open-source blockchain built on a novel Tree-Graph consensus mechanism, a breakthrough developed by researchers at Tsinghua University. Unlike traditional blockchains that process transactions sequentially, Conflux uses a directed acyclic graph (DAG) structure to allow parallel transaction processing, significantly improving throughput and reducing confirmation times.
As one of the few blockchain projects officially recognized by Chinese authorities, Conflux operates under a compliant framework while maintaining decentralization and security. It aims to bridge the gap between regulatory acceptance and decentralized innovation, making it a rare example of a state-endorsed public blockchain.
The network supports smart contracts and decentralized applications (dApps), enabling developers to build scalable solutions for finance, gaming, identity management, and supply chain tracking.
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Market Overview and Key Metrics
Conflux Network currently holds a notable position in the cryptocurrency market, reflecting growing interest from institutional and retail investors alike.
- Market Cap: $376.27 million
- Ranking: #160 globally by market capitalization
- Trading Volume: $18.42 million (24h), showing steady activity
- Volume-to-Market Cap Ratio: 0.0490 — indicating healthy liquidity without excessive speculation
The network is listed on 29 exchanges, including major platforms like Binance, OKX, HTX Global, Gate.io, and LBank, ensuring broad accessibility and deep trading pools.
All-Time High and Price Performance
Conflux reached its all-time high of $0.822 on September 18, 2021, during the broader crypto bull run. As of now, the price remains significantly below that peak, down approximately 91%. However, this correction reflects broader market trends rather than project-specific failures.
With a current fully diluted valuation (FDV) of $418.56 million, Conflux maintains a conservative valuation compared to other Layer 1 protocols, potentially offering room for growth if adoption accelerates.
Supply Dynamics: Circulating vs. Total Supply
One of the most transparent aspects of Conflux’s economic model is its clearly defined supply metrics:
| Metric | Value |
|---|---|
| Circulating Supply | 5.10 billion CFX |
| Total Supply | 5.67 billion CFX |
| Max Supply | Not applicable |
The circulating supply represents over 90% of the total supply, suggesting that most tokens are already in circulation. This high availability contributes to market liquidity but also means fewer tokens remain for future distribution or incentives.
There is no maximum supply cap for CFX, meaning the protocol allows for controlled inflation over time—typically used to reward validators and fund ecosystem development.
A verified supply status on major data platforms confirms transparency and reduces the risk of hidden token reserves or manipulative practices.
Exchange Listings and Trading Pairs
CFX is actively traded across top-tier exchanges with strong volume support:
- Binance: $3.52M 24h volume (CFX/USDT)
- HTX Global: $2.95M
- LBank: $2.29M
- Gate.io: $1.93M
- OKX: $1.86M
These figures highlight consistent demand and reliable market depth. High trading volumes reduce slippage and improve price stability—key factors for both traders and long-term holders.
All major pairs are denominated in USDT, providing stable pricing benchmarks in volatile markets.
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Wrapped CFX (WCFX) and Cross-Chain Integration
To enhance interoperability, Conflux offers Wrapped CFX (WCFX), allowing CFX to be used on other blockchains such as BNB Smart Chain.
For example:
- WCFX on BSC:
0x045c4324039da91c52c55df5d785385aab073dcf
This cross-chain functionality enables users to participate in DeFi protocols, liquidity pools, and yield farming opportunities beyond the native Conflux chain.
Wrapped assets play a crucial role in expanding utility and attracting capital from multi-chain investors who prefer diversified exposure.
Core Keywords and SEO Insights
To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout this article:
- Conflux Network
- CFX price
- blockchain
- Layer 1
- Tree-Graph consensus
- Tsinghua University
- decentralized applications
- smart contracts
These terms reflect common queries from users researching Conflux’s technology, investment potential, and technical foundations.
Frequently Asked Questions (FAQ)
Q: Is Conflux Network a Chinese government project?
A: While not directly operated by the government, Conflux is officially recognized and supported as part of China’s digital economy initiatives. It operates within regulatory guidelines while maintaining decentralization.
Q: How does Tree-Graph consensus differ from Proof-of-Work or Proof-of-Stake?
A: Tree-Graph allows parallel block processing using a DAG structure, increasing speed and energy efficiency. It avoids the bottlenecks of linear chains while maintaining security and fairness.
Q: Can I stake CFX tokens?
A: Yes, Conflux supports staking through designated nodes and wallets, allowing participants to earn rewards by securing the network.
Q: What dApps are built on Conflux?
A: The ecosystem includes DeFi platforms like MoonSwap, NFT marketplaces such as Starly, and gaming projects leveraging low fees and fast confirmations.
Q: Is there a max supply for CFX?
A: No, CFX does not have a hard cap on total supply. Instead, it follows an inflationary model with predictable issuance rates to support long-term growth.
Q: Where can I buy CFX?
A: CFX is available on major exchanges including Binance, OKX, HTX Global, Gate.io, and LBank—primarily paired with USDT.
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Final Thoughts: The Future of Conflux Network
Conflux Network stands at the intersection of academic innovation and practical adoption. Its unique consensus mechanism offers tangible improvements in scalability and sustainability—two critical challenges facing many existing blockchains.
Backed by institutional credibility and integrated into regulated digital economies, Conflux presents a compelling case for long-term relevance. While its price has yet to recover from previous highs, strong fundamentals, transparent supply metrics, and active development suggest ongoing potential.
As global interest in compliant yet decentralized systems grows, projects like Conflux may play an increasingly vital role in shaping the next phase of web3 evolution.
Whether you're an investor evaluating Layer 1 options or a developer seeking scalable infrastructure, Conflux offers a distinctive blend of performance, legitimacy, and forward-thinking design worth exploring further.