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In the field of cryptocurrency, market capitalization is not always the best indicator of a project's value. Take CFX as an example; although its market capitalization is only a few hundred million dollars, the functions it undertakes cover multiple popular sectors.
The functionality of CFX is impressive. Firstly, it has made strides in the stablecoin sector by developing AxCNH and providing a settlement bridge for the Renminbi. Secondly, as a blockchain that has been filed with the Cyberspace Administration, CFX is at the forefront in terms of compliance.
The layout in the Web2 social domain cannot be ignored either. The collaboration between CFX and platforms like Xiaohongshu and Soul has made it possible for traditional social media to step into the blockchain world. In addition, CFX has also made achievements in the mapping of real-world assets (RWA), developing NFT standards and obtaining public chain certification.
Finally, CFX is moving towards an AI native chain direction, and the launch of Conflux 3.0 will further expand its application scenarios.
Interestingly, the market seems to have yet to fully recognize the versatility of CFX. In the current cryptocurrency market, projects with a single function often see significant valuation increases. In contrast, although CFX undertakes multiple key tasks, its price still lingers at a low level.
This phenomenon may reflect the lagging nature of market perception rather than an issue with the project itself. As investors gradually recognize the value of multifunctional chains like CFX, we may witness a significant revaluation. At that time, the price increase of CFX may not just be a few times growth, but a comprehensive repricing.
Overall, the case of CFX reminds us that when evaluating blockchain projects, we need to comprehensively consider their functions, application scenarios, and development potential, rather than just focusing on the current market capitalization.