The Milestone That Registered Nowhere
Blinking has become passé on the Conflux Network. In early April 2026, Conflux achieved 400 million cumulative on-chain transactions. This wasn't a spike in fees. It wasn't a moment when blocks were delayed. It wasn't finality suffering degradation. For a Layer 1 blockchain designed to scale up to 15,000 TPS, this was none of those things. It was boring. It was normal. It was routine. And that is exactly what should be celebrated.
It's trendy to throw throughput claims around in CFX crypto news coverage. To actually prove you can sustain that kind of capacity under real-world demand is astonishingly uncommon. Conflux's hybrid Tree-Graph consensus can provide that proof. Proof that many in the market have not taken time to investigate. This duality of PoW block production and PoS finality has powered 400 million transactions while sustaining sub-2-second average confirmation times during normal network congestion, and sub-10-second finality during peak demand spikes. The network welcomed 12 new dApps in March. Stablecoin issuance on Conflux's eSpace has increased by over 100% since the launches of AxCNH and USDT0. With the launch of XAUt0 (omnichain version of Tether Gold), the network will see a new injection of transactional demand atop the enterprise-level adoption it's already experiencing in the real-world asset tokenization market.
Conflux price sits at $0.059 per coin. CFX is down 36.71% over the past year according to CFX CoinGecko data. The difference between how the network performs and how the token is priced is what this piece is about.
What Fifteen Thousand TPS Actually Looks Like Under Load
Show any L1 project and they'll boast theoretical throughput. When Conflux states a theoretical limit of 15,000 TPS reachable after Conflux 3.0 ships, it isn't some lab metric pulled from a testnet benchmark. It's the network's designed capacity. There's a difference. When Ant Digital deployed 596 battery-swapping cabinets and over 15,000 lithium batteries throughout six cities in China, one status update for each piece of equipment resulted in an on-chain transaction. PlayEstates and Minax are each deploying $1 billion worth of real-world assets onto the network. These aren't synthetic benchmarks. These are production-level workloads sending transactions to the chain at a sustained rate.
In March 2026, after a small but pivotal growth spurt in the ecosystem that saw five new cross-chain bridges deployed (Stargate Finance, Orbiter Finance, and others), the network experienced an increase in bridge traffic volume without an increase in average gas fees. CFX wallet users (Fluent, Bitizen, Ellipal) reported no slowdown in transaction confirmation time when bridging assets. Later on April 9, the team pushed out v3.0.3 for node upgrades. One of the changes the team referenced when explaining the upgrade was a "refactor" of the underlying code to increase stability during heavy network traffic. How does that compare to what other chains actually do in production? Hard numbers tell the story.
Conflux vs Ethereum vs Solana, The Performance Gap in Hard Numbers
Under normal network congestion, Ethereum mainnet achieves somewhere between 15-30 TPS throughput. Solana's TPS ceiling is theoretically 65,000, but in practice it has bounced between 2,000 and 4,000 TPS during periods of congestion. Solana has had dozens of network-wide outages, including one long-lived outage in 2022 and 2023 caused by an influx of transactions flooding the network faster than they could be processed to reach consensus among validators. Conflux has never stopped the network because tree-graph blocks aren't processed one after the other. They're processed simultaneously. If there's a surge on one section of the DAG, it won't back up the rest of the network.
Apply that same logic to finality. On Ethereum after the Merge, it takes 12-15 minutes to finalize a block. Solana's finality is probabilistic. Individual transactions are confirmed immediately, but finality of a Solana block still takes several seconds. On Conflux, seconds is about how long it takes for the PoS finality layer on top of PoW block generation to deterministically finalize. Enterprise use cases of the type China's policy makers are looking for require settlement finality. Smart contracts don't require settlement finality, but financial applications do. Deterministic finality isn't a "nice to have." It's a requirement.
Fees. On Ethereum during peak periods, gas prices hover at $5+ per transaction. Solana has kept fees well below a cent thanks to an inflationary tokenomic model. Conflux fees have stayed in the fractions-of-a-cent range, and the storage points mechanism built into CIP-107 burns a percentage of the CFX staked for storage rather than just locking it up. This creates a mild deflationary headwind balanced by fee subsidies over time. Fee architecture alone paints a picture of a network that may not make the financial news often but whispers relentlessly in the background.
Tree-Graph Consensus, Why the Architecture Doesn't Break
Tree-Graph is Conflux's engineering superpower. Rather than orphan blocks like nearly every other architecture, Tree-Graph retains all validly-generated blocks because it's a directed acyclic graph. When a node mines a new block on Tree-Graph, that block doesn't orphan anything. Every new block builds network security and network throughput. The more blocks mined in parallel, the faster the network can get and the less congestion there is. Tree-Graph handled billions of dollars of volume without any problem at all because the whole network was designed around that constraint.
Conflux 3.0, the 2025 upgrade that saw the launch of the production-ready Tree-Graph at scale, included eight enabled CIPs at the time of its June 2025 hardfork. CIP-150 through CIP-165 cover topics ranging from execution optimizations to AI agent support. The hybrid PoW/PoS consensus mechanism works in two layers: PoW provides block production and ordering, PoS produces finality checkpoints, adding another degree of finality against long-range attacks. Thanks to this layered approach, Conflux offers the best of both worlds: the censorship resistance of proof-of-work block production with the settlement-finality guarantees of proof-of-stake.
The real-world consequence? Greater than $50 billion USD of stablecoin volume moved across Conflux supported chains in late 2025, according to Conflux's own telemetry. Tree-Graph handled it without needing emergency patches or parameter changes. The Conflux Network absorbed it in its normal operating range. Transactions tracked by the what is CFX research community show the inter-block interval didn't budge despite stablecoin transactions doubling on the network. It's seeing high-volume use. APYs for AxCNH lending were hovering around 15% for Q4 of 2025. It's not just idling away. These engineering properties allow Conflux to reach a category of adopter that most chains can't: regulated entities that need to operate under strict regulatory guardrails.
China's Only Compliant Layer One Now Has the Metrics to Back It Up
Conflux is currently the only public blockchain in China known to be compliant with regulatory standards. That alone should be a large reason Ant Digital chose Conflux as the underlying protocol for its real-world-asset tokenization. A compliance designation from China's financial regulators doesn't get handed out based on a whitepaper. It's granted after the chain is reviewed by authorities and deemed to have system stability, a security track record, and sufficient transaction processing capacity. Past 400 million transactions shows Conflux can prove publicly verifiable history of performance that meets Chinese regulatory requirements. BenPay Global onboarded Conflux for enterprise payments, GANA Insight onboarded for stablecoin infrastructure, and Choice Markets built prediction markets on Conflux for cross-border payments, because the chain had already proven reliability to each company's compliance standards.
AxCNH was the world's first licensed offshore yuan-pegged stablecoin. It was initially piloted in Singapore and Malaysia in August 2025 with hopes that cross-border BRI payments would adopt it. The utility token used for paying gas fees on all of the above projects is called CFX. Every transaction on Conflux drains on-chain fees from users' wallets into the network's staking contract. Every stablecoin swap, every state update to an RWA, and every token bridged on Conflux burns through CFX supply. Staking rewards are currently at a 4% annual rate. With 5.2 billion CFX in circulating supply against a total of 5.73 billion, protocol-level tokenomics are approaching full dilution.
Within the last week, the price of CFX gained 16.60% according to CoinGecko data. The spike came shortly after developers announced the deployment of XAUt0. The social narrative surrounding the coin is starting to price in future utility gains. CFX was at $0.059 in mid-April with a $313 million market cap and $35.7 million in trading volume over 24 hours. Trading for CFX reached a MACD bullish crossover, with the RSI sitting at 59.41 on the 7-day chart. Current momentum indicators sit in neutral territory, giving the asset room to rise without fear of being overbought. "Conflux has just broken out of the Descending Channel pattern on the daily chart," said one analyst on April 3. Coinpedia has a 2026 Conflux price prediction that can reach up to $0.47, with a high target price of $0.69. The gap between those two predictions shows there's still doubt between whether technical factors will translate to real-world long-term demand.
If plume crypto and Project Midnight are the two other methods to reach Ethereum-style blockchain infrastructure that won't get a Chinese user banned by provincial regulators, and Ecomi price is the altcoin hype machine finding reasons to pump tokens like CFX, what separates Conflux from the herd? It's simple. Conflux is the only chain that can legitimately say it's processed 400 million transactions without any congestion. The Conflux price may not generate the same news cycle as Ethereum or Solana, but when it comes to on-chain congestion data, the network doesn't need a PR budget. Just as quickly as Conflux hit its 400 millionth transaction, it completed it. Congestion never became a factor.
