$CFX is up 19.7 percent over thirty days while the Conflux chain lost 11 percent of its total value locked over the same window.
The on chain side first. Value locked on the network is 6.49 million dollars, against 7.52 million seven days ago and 7.29 million thirty days ago, so down 13.7 percent on the week alone. Stablecoins on the chain total 20.19 million. The token's market capitalisation is 296.3 million, forty five times the value locked on the chain it belongs to.
The market side. Price is 0.05656, down 1.7 percent on the day, inside a 0.05523 to 0.05835 range. Volume is 4.0 million against a 3.8 million thirty day average, 1.05 times a normal session across 69,055 trades. The week's move is already behind it: 0.05072 on 9 October, then 0.06168 and 0.06729 on the tenth and eleventh, then 0.05732 on the twelfth.
Leverage is leaving while longs keep paying for it. Open interest went from 146.4 million tokens to 137.5 million over twenty four hours, down 6.1 percent, and the last three funding settlements printed +0.0096, +0.0100 and +0.0096 percent. Taker flow sat below 0.90 in six of the last eight hours, the lowest reading 0.53.
The hour that held the September CPI release was the heaviest hour of this session too, 580 thousand dollars against a 100 thousand baseline, and the hour after it closed 0.05582.
Price is 22.3 percent under the 30 day high of 0.07280 and 30.5 percent above the 30 day low of 0.04335.
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The on chain side first. Value locked on the network is 6.49 million dollars, against 7.52 million seven days ago and 7.29 million thirty days ago, so down 13.7 percent on the week alone. Stablecoins on the chain total 20.19 million. The token's market capitalisation is 296.3 million, forty five times the value locked on the chain it belongs to.
The market side. Price is 0.05656, down 1.7 percent on the day, inside a 0.05523 to 0.05835 range. Volume is 4.0 million against a 3.8 million thirty day average, 1.05 times a normal session across 69,055 trades. The week's move is already behind it: 0.05072 on 9 October, then 0.06168 and 0.06729 on the tenth and eleventh, then 0.05732 on the twelfth.
Leverage is leaving while longs keep paying for it. Open interest went from 146.4 million tokens to 137.5 million over twenty four hours, down 6.1 percent, and the last three funding settlements printed +0.0096, +0.0100 and +0.0096 percent. Taker flow sat below 0.90 in six of the last eight hours, the lowest reading 0.53.
The hour that held the September CPI release was the heaviest hour of this session too, 580 thousand dollars against a 100 thousand baseline, and the hour after it closed 0.05582.
Price is 22.3 percent under the 30 day high of 0.07280 and 30.5 percent above the 30 day low of 0.04335.
Follow me for daily positioning and on-chain breakdowns.
#CPIWatch #CFX #altcoins #defi #crypto