Conflux (CFX)
China's only regulatory-compliant public blockchain; government backing is unique moat but adoption outside China near zero
Ranked 150th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
CFX scores 98 of 250 across the 25-variable framework, which places it 150th of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
CFX is a top-10 name in the set on one variable. The score rests on Regulatory Safety 8/10, 6th of 251, Competitive Moat 6/10, 29th of 251, Institutional Adoption 5/10, 36th of 251 and Exchange Depth 6/10, 37th of 251.
Against the same universe, CFX sits in the bottom third on Vesting Schedule 3/10, 204th of 251, Circulating / FDV Ratio 4/10, 203rd of 251 and Supply Inflation 3/10, 199th of 251. These are the variables that would have to move for the verdict to change.
100% of eventual supply is already circulating, so vesting is not a live risk for CFX. Price has to be justified by demand rather than absorbed against a cliff.
CFX trades 97.7% below its all-time high of $1.70. Recovering that level is a 43.5x move, not a 97.7% one, which is the arithmetic most drawdown charts hide.
The framework score gained 8 points against the previous pass (90 to 98). Revisions of this size follow a change in the underlying variables, not a change in price.
$12.0M sits in the protocol. Each dollar of value locked carries 17.09 dollars of token market cap.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 5 | 37th of 251 |
Supply
| Supply Inflation | 3 | 199th of 251 | |
| Vesting Schedule | 3 | 204th of 251 | |
| Circulating / FDV Ratio | 4 | 203rd of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 6 | 29th of 251 | |
| Institutional Adoption | 5 | 36th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 8 | 6th of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
China digital economy policy tailwinds; partnerships with Shanghai government and state enterprises could drive domestic use
Principal risk
48% supply still opening, network entirely dependent on Chinese regulatory favor, no global DeFi adoption
Market and supply
| Price | $0.0392 |
| Market cap | $205.1Mrank 156 |
| All-time high | $1.7027 Mar 2021 |
| Circulating supply | 5,229,398,679 |
| Eventual supply (total supply) | 5,229,551,263 |
| Dilution to full supply | 1x |
| Total value locked | $12.0M |
| Listed on | Binance, Bybit, Gate.io |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to CFX measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [Conflux Network] Conflux is the only public blockchain compliant with Chinese government regulations
- [Conflux Blog] Shanghai Municipal Government partnered with Conflux for blockchain infrastructure
- [CoinGecko] CFX ATH $0.9864 in Jan 2023; significant vesting schedule with 48% supply remaining
Common questions
- What is the Early Thunder score for Conflux (CFX)?
- CFX scores 98 out of 250 on the 25-variable framework, ranking 150th of 251 rated tokens (lower half). The framework verdict is PASS.
- What are CFX's strongest fundamentals?
- CFX ranks highest on Regulatory Safety 8/10, 6th of 251, Competitive Moat 6/10, 29th of 251, Institutional Adoption 5/10, 36th of 251 and Exchange Depth 6/10, 37th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the CFX thesis?
- CFX scores in the bottom third of the universe on Vesting Schedule 3/10, 204th of 251, Circulating / FDV Ratio 4/10, 203rd of 251 and Supply Inflation 3/10, 199th of 251. The single risk carried on the scorecard is: 48% supply still opening, network entirely dependent on Chinese regulatory favor, no global DeFi adoption
- How much CFX supply is still to enter circulation?
- 100% of eventual CFX supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is CFX from its all-time high?
- CFX trades 97.7% below its all-time high of $1.70. Returning to that high requires a 43.5x move from the level used in this scoring pass.
- Which tokens have a similar profile to CFX?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to CFX are ALGO (97), MINA (98), ROSE (84) and MOVE (67). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for CFX?
- China digital economy policy tailwinds; partnerships with Shanghai government and state enterprises could drive domestic use
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.