Recently, the development trend of the domestic Blockchain industry has attracted attention. It is worth noting that the enterprise-level Blockchain platforms such as Ant Chain and JD Chain, which were newly launched this year, have not issued Tokens. This phenomenon clearly reflects the strict attitude of regulatory authorities towards Blockchain projects. In the future, public chain projects may be more inclined towards a no-token model to adapt to regulatory requirements.

Once representing domestic public chains, TRON was forced to leave the domestic market due to non-compliance with regulatory requirements, an incident that serves as a warning in the industry. Against this backdrop, Conflux, as the only public chain project in the country with a native Token, is becoming increasingly prominent in its scarcity.

However, the enhancement of compliance also brings certain challenges. The development of the Conflux ecosystem has been relatively slow, and marketing activities have almost come to a standstill, largely as a result of the impact of regulatory compliance. Nevertheless, strict compliance requirements may provide opportunities for the project to achieve long-term stable development.

It is worth mentioning that although Conflux faces challenges in ecological construction and market promotion, its technical strength is rarely questioned. This indicates that in the current environment, technological innovation remains the core competitiveness of Blockchain projects.

As the regulatory environment continues to evolve, how domestic blockchain projects will find a balance between compliance and innovation is worth the industry's continued follow. At the same time, Conflux, as a special case, may provide valuable reference for the entire industry's future development trajectory.