Conflux

Conflux is a permissionless Layer 1 blockchain designed to connect decentralized economies across borders and between protocols. It positions itself as the only regulatory-compliant public blockchain in China, making it relevant for projects seeking to operate in or expand into Asian markets. Its native token, CFX, is used to pay transaction fees and to secure the network through staking.

Conflux operates on a hybrid proof-of-work and proof-of-stake consensus mechanism, combining mining with staking to produce and finalize blocks. The network records a block time of essentially zero minutes in the stored data, reflecting its high-throughput architecture rather than a literal absence of block production. CFX functions similarly to ETH on Ethereum: users attach a gas limit and a gas price denominated in CFX when submitting transactions or interacting with smart contracts, and one CFX is subdivided into 10^18 units called Drip.

Transaction fees on Conflux are paid in CFX by users initiating transactions or contract interactions. The circulating supply stands at approximately 5,247,719,505 CFX at the time of measurement, and the supply-issued percentage is 99.999781%, meaning nearly all tokens that can exist are already in circulation, with a dilution overhang of just 0.001683% remaining. The protocol hosts roughly 20,166,831 USD worth of stablecoins on-chain at the point-in-time measurement, and total value locked across the ecosystem sits at approximately 6,514,242 USD, yielding a market-cap-to-TVL ratio of about 45.29. No separate protocol fee-retention or revenue-distribution mechanism is described in the available data beyond the general gas-fee structure.