$CFX popped over 20% to $0.217 today after the network announced the imminent launch of its long‑awaited EVM-compatible “Nova” upgrade, which will allow Ethereum smart contracts and liquidity to flow directly onto Conflux’s high‑throughput chain. That news sent 24‑hour trading volume surging past $1.5 billion—nearly 140% of its market cap—as DeFi projects and yield farmers began migrating assets ahead of Nova’s rollout. With total and circulating supply fixed at 5.11 billion CFX, the combination of fresh demand from cross‑chain bridges, renewed developer activity, and tightening liquidity on exchanges created a classic supply‑shock spike in price and market cap.
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