Amid the turbulence in the encryption market, a Chinese public chain project named Conflux (CFX) is garnering widespread attention due to its astonishing price surge. The significant increase from $0.07 to $0.27 not only refreshes investors' perceptions but also highlights the unique advantages of this project.

First of all, Conflux has made significant breakthroughs on the technical level. With the activation of the 3.0 version hard fork, this public chain has introduced a dual-chain architecture, greatly enhancing its processing capability. With a throughput of 15,000 transactions per second and a confirmation time of 26 seconds, Conflux's performance can almost rival that of traditional financial systems. In addition, support for AI agent calls and real-world asset (RWA) settlement further expands its application scenarios.

However, Conflux's most striking advantage lies in its unique compliance status. As the only public chain project in China to receive policy support, Conflux is deeply involved in the "Belt and Road" cross-border payment pilot. The offshore RMB stablecoin AxCNH, jointly launched, provides scarce compliance assurance for the project in an increasingly stringent regulatory environment.

Nevertheless, the market performance of Conflux also shows a high degree of volatility. In early August, the CFX token saw a monthly increase of over 250%, but this was followed by intense long and short battles in the derivatives market. In the range of $0.20 to $0.22, a large number of long stop losses were triggered, resulting in nearly 3,000 people being liquidated. Meanwhile, on-chain data shows that large holders were actively accumulating in the range of $0.15 to $0.22, while the sharp decrease in exchange inventories reflects the mentality of retail investors chasing prices.

Looking to the future, Conflux's development prospects are filled with opportunities but also hidden risks. If the cross-border pilot of AxCNH can be successfully implemented, even a settlement volume that accounts for only 1% of the total trade under the "Belt and Road" initiative could bring in $1 billion in funding for the project. However, the high volatility of the market and the potential exit behavior of early investors also add uncertainty to the project's future.

For investors, Conflux represents a unique opportunity, but it is also necessary to carefully assess the risks involved. At the intersection of technological innovation, policy support, and market demand, Conflux is striving to define the development direction of the next generation of public chains.