Gate News Update: On March 16, according to Gate's market data, as of press time, CFX (Conflux) is trading at 0.06238222 USD, up 10.36% in the last 24 hours. It touched a high of 0.06258292 USD and a low of 0.04866883 USD, with 24-hour trading volume reaching 76.7 million USD. The current market cap is approximately 324 million USD, up 30.4 million USD from yesterday. Conflux is a high-performance, scalable blockchain network that enables parallel block processing through its groundbreaking Tree-Graph consensus algorithm, reducing confirmation time and enhancing transaction throughput. The network utilizes a fully tested PoW consensus mechanism, providing enhanced security and reentrancy attack protection at the protocol level. Conflux

Gate News: On March 15, market data shows that CFX reached a new phase high on the 4-hour K-line chart, with prices touching approximately 0.06282 USDT at their peak, representing a 24-hour gain of around 14%. Some community members believe this rally may be related to recent macroeconomic catalysts. Earlier, media outlets citing sources reported that Iran is considering allowing certain tankers to pass through the Strait of Hormuz on the condition that petroleum transport be settled in Chinese yuan. Related discussions have once again sparked market attention toward yuan stablecoins and cross-border payment narratives.

Gate News bot message, according to the official Gate announcement Gate has now launched the CFX staking product, with a minimum investment of only 20 CFX. The current annualized return for CFX is 6.21%, and interest is automatically distributed daily in the form of CFX tokens to user accounts. CFX staking is Gate's on-chain staking product, allowing users to stake CFX and earn on-chain rewards through Conflux. According to the dividend distribution rules, staking on day D, interest begins accruing on day D+1, and dividends are distributed on day D+2. Users can redeem CFX earnings at any time; redemption requests will be credited on day D+16 after submission. The annualized return fluctuates daily based on user staking participation and staking rewards.