Conflux

Conflux is a permissionless Layer 1 blockchain whose native token, CFX, is used to pay transaction fees and secure the network through staking. The project positions itself as a fast, low-fee smart-contract platform designed to connect decentralized applications across borders, with a particular focus on the Chinese market, where it describes itself as the only regulatory-compliant public blockchain. It has partnered with government entities and consumer brands on blockchain and metaverse initiatives in the region.

Conflux operates under a hybrid proof-of-work and proof-of-stake consensus model, combining miners who extend the chain with stakers who contribute to finality and network security. CFX functions similarly to ETH on Ethereum: users attach a gas limit and a gas price denominated in CFX to each transaction, and the network processes those transactions accordingly. The block time recorded in the data is 0.0 minutes, which suggests blocks are produced at sub-minute intervals, though no more precise figure is stored.

Fees on Conflux are paid by users in CFX whenever they submit transactions or interact with smart contracts, making CFX the sole medium for compensating the network's miners and stakers. The protocol's total value locked stands at 7,283,234.74 USD at the point-in-time measurement, against a market cap of 253,403,541 USD, producing a market-cap-to-TVL ratio of 34.18, which indicates that a relatively small amount of value is currently locked in the network's applications relative to the token's overall market size. Stablecoin supply hosted on the network is 20,109,379.04 USD at the same point in time, and the market-cap-to-stablecoin-supply ratio stands at 12.38. No additional protocol-level fee retention or treasury mechanism is described in the available data.