'China's MATIC' Conflux (CFX) Is Officially Unicorn as $1 Billion Market Cap Is Achieved

action, but the fact that it resulted in the market capitalization of the Conflux Network token surpassing the $1 billion mark for the first time. CFX has thus become something of a unicorn, as start-ups achieving such valuations are called, and now takes the 55th place in the ranking of the largest cryptocurrencies. Amusingly, according to CoinMarketCap, the token had a market capitalization of less than $50 million at the start of the year.

, earlier this year. At the same time, it emerged that Conflux Network was the only regulatory-compliant blockchain in China and even managed to collaborate with McDonalds in its home country.

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