Recently, the attention on the CFX project in the cryptocurrency circle has significantly risen. As an important project in the Hong Kong sector, the recent series of actions taken by CFX has triggered a strong market reaction.

First, CFX announced plans to issue a stablecoin pegged to the offshore Renminbi, and its partners seem to be quite powerful. This move may indicate that CFX is actively laying out its compliance and cross-border payment strategy, showing the project's careful consideration of future development directions.

Secondly, the upcoming technological upgrade of CFX, Tree-Graph 3.0, has attracted significant attention. It is said that this upgrade will enhance the system's transaction processing capacity to 15,000 TPS and enable integration with artificial intelligence and real-world assets (RWA). This means that CFX is gradually bringing application scenarios that were previously only at the conceptual stage into reality.

What's more striking is that the on-chain data for CFX has shown significant growth. In the last 24 hours, the trading volume surged to $600 million, causing severe losses for short sellers. Such a massive increase in transaction volume makes it hard not to think that there might be large funds positioning themselves in this layer one public chain project that is considered to have compliance potential.

At the same time, the lock-up and token burn mechanism launched by the CFX official further reduces the circulation, and this structural supply contraction often exacerbates the momentum for price rise.

Looking at the development history of CFX, this change seems to be more than just a short-term hype; it appears to be a potential rebound based on substantial progress. Currently, CFX presents a favorable situation in terms of fundamentals, capital flow, and market sentiment. This comprehensive positive signal is worth investors' close attention.

For investors who are interested in participating but are concerned about contract risks, spot trading may be a relatively safe choice. However, any investment decision should be based on a thorough understanding of the project's fundamentals and personal risk tolerance.