These 5 altcoins are pumping: What’s driving the rally?

Forget Bitcoin - the biggest winners this week are Conflux, Floki, Tezos, Flare and Ethena.

While Bitcoin and Ethereum have been trading sideways, a handful of lesser-known altcoins have exploded in price over the past week, with some notching gains of more than 50%.

Below we break down the top performers (market cap >US$1m) and what’s behind their sudden surge.

If you’re keen to jump in, each of the coin names below links to our how-to-buy guides, which include a table of exchanges offering those specific coins in Australia.

Remember - not financial advice. These coins are notoriously volatile and while they might be driving today, that doesn't mean the rally will continue. If you plan to buy in, do so with caution.

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1. Conflux (CFX)

7-day gain: +64%
Use case: Layer-1 blockchain built for high throughput and regulatory compliance in China.

Conflux (CFX) has seen strong recent gains thanks to renewed interest in China-based blockchain infrastructure and a big announcement at its three-day Shanghai conference.

At the event, Conflux unveiled a partnership with fintech firm AnchorX and IT security company Eastcompeace to support the launch of an offshore yuan–backed stablecoin called AxCNH.

Conflux is one of the few public blockchains with Chinese regulatory ties, which gives it a potential edge in supporting real-world digital currency projects in Asia.

Read: Where to buy Conflux

2. Floki (FLOKI)

7-day gain: +52.9%
Use case: Meme token turned ecosystem play (with staking, NFTs and DeFi tools).

Floki’s most recent price jump appears to be fuelled by strong user engagement (over 1 million transactions) in its play-to-earn game Valhalla, which launched on opBNB on July 1.

In recent months, Floki has also made announcements that it will burn millions of FLOKI tokens, it's launched global promotional campaigns and there's been mainstream adoption by platforms including Robinhood and Revolut.

Read: Where to buy Floki

3. Tezos (XTZ)

7-day gain: +50.4%
Use case: Proof-of-stake blockchain for smart contracts and DAOs.

Tezos has bounced on the back of its integration into real-world asset tokenisation projects and new NFT marketplace collaborations. As institutional interest in programmable blockchains grows, Tezos is getting fresh attention thanks to its energy efficiency and formal upgrade process.

Read: Where to buy Tezos

4. Flare (FLR)

7-day gain: +43.3%
Use case: Smart contract platform aiming to bring DeFi to non-Turing-complete chains (like XRP, LTC).

Flare's most recent rally comes on the back of a new FLR incentive program launched in July 2025. The program rewards users for providing liquidity and staking within Flare’s DeFi hub, XRPFi, which in turn boosts demand for FLR tokens.

It's already showing signs of success. Total value locked (TVL) in Flare's ecosystem recently hit US$170 million. The network is positioning itself as a key bridge between XRP and decentralised finance.

More broadly, Flare is gaining traction as a bridge for unlocking DeFi capabilities across previously isolated crypto networks.

Plus, it’s been getting listed on more exchanges recently, which helps boost volume and visibility.

Read: Where to buy Flare

5. Ethena (ENA)

7-day gain: +38.7%
Use case: Synthetic stablecoin protocol with a yield-bearing stable asset (USDe).

Ethena is quickly becoming a DeFi darling, driven by interest in its “internet bond” model and high staking yields. The ENA token is used for governance and has gained momentum as the project attracts more TVL (total value locked).

The ENA token rally comes as a new company called StablecoinX plans to list on the Nasdaq as a way to give investors exposure to Ethena. StablecoinX is backed by Pantera Capital, Galaxy, Polychain and others.

On top of that, the Ethena Foundation has kicked off a $260 million ENA token buyback, putting extra demand pressure on the price. Together, these developments have helped push ENA higher in recent weeks.

Read: Where to buy Ethena
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Want to invest in one of these altcoins?

You can buy altcoins by signing up to the right exchange.

It's worth noting that not all exchanges offer altcoins, especially smaller coins, and most exchanges have a select list of coins on offer.

To find out which exchanges offer each of the coins, click through via the links above and check out our exchange comparison tables.