Conflux Network's native token CFX up 126% in 7 days

The native token of the Conflux Network, CFX CFX USD, is up 126%, beating the weekly gains of the top 100 cryptocurrencies by market value, includingBTCUSD andEthereum ETHUSD.

What Happened: After opening the week at $0.183 per token, CFX is already trading at $0.43.

The first time that the Conflux network surpassed the $1 billion mark was for the first time. CFX has become a unicorn, as start-ups achieving such valuations are called, and now occupies 48th place in the ranking of the largest cryptocurrencies.

CFX was first recognized earlier this year when it was integrated with China's popular social media platform, Xiaohongshu. At the same time, the Conflux Network emerged as the only regulatory-compliantBlockchain in China, inking partnerships with major companies such as McDonald's. China Telecom's announcement of the launch of SIM cards with Conflux Network's support drove home the news. CFX is also known as China's MATIC The second on the list is Mask Network's native token MASK MASK USD, which gained 78% in seven days. Whales have helped increase the price of the MASK token, helping it achieve its parabolic rally in the past week, according to On-chain data analytics tracking firm Lookonchain.

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In the last seven days IMXUSD surged 48% on the much-anticipated upgrade that will change the IMX's ecosystem.

Stacks STX USD was fourth on the list, up 47%, while Magic token MAGIC USD saw 34% gains in the last seven days.