CFX Inflation Analysis · October 2026 · Mixed flows · supply roughly steady

Conflux (CFX) supply is growing slowly: +0.44% over the 90 days from Aug 1 to Oct 30 2026, and about +0.44% again over the next 90 days. Every block mints new CFX for miners and stakers, 23.13M CFX in the window, while the protocol burn destroyed only 11,859 CFX. CFX has no supply cap and no vesting left, so the block reward, the staking reward and that small burn are the only things that change the count.

The verdict, in one paragraph

Our verdict on CFX is mixed flows, supply roughly steady. Net new supply came to +0.44% in 90 days, which is under 2% a year, and the next 90 days look the same because the latest holder vote left every reward setting unchanged. Other trackers show about +0.68% for the same 90 days, a gap of 0.24 points, small enough that the coin page carries no warning note. This is a slow, steady inflation coin: the dilution is real but modest, and it lands every block rather than in big dated unlocks.

Sell pressure: where new CFX comes from

The block reward and the staking reward are the one source of new CFX. Miners earn 0.4 CFX for each block, and Conflux makes about two blocks a second, so miners received about 6.25M CFX between Aug 1 and Oct 30 2026. Stakers in proof of stake received about 16.88M CFX over the same days, nearly three times what the miners got. Together that is 23.13M CFX, roughly 257,000 CFX a day.

Holders set these rewards by vote. A vote that closed on Feb 6 2026 cut the block reward in half, from 0.8 to 0.4 CFX, and that cut took effect on Apr 7 2026, before this window began. The base staking rate has stayed at 3.26% a year. Because the staking reward grows when more CFX is staked, the rise in stake from 870.19M to 893.78M CFX during the window nudged the mint up a little: each 30-day stretch minted between 7.64M and 7.75M CFX.

Vesting adds nothing. The two-year and four-year lock pools from the 2020 launch are both empty, so every CFX from the start already counts as circulating. The four large launch-era fund contracts that still pay out each month are covered under the overhang section below; their payouts are coins already counted. No bankruptcy estate or court-held pile of CFX is waiting to be released either.

Buy pressure: where new CFX goes

Conflux destroys coins in two small ways. Part of each transaction's base fee is burned, about 37% of it, and that took 1,488 CFX out of supply in 90 days, because fees on Conflux are tiny. Most of the deposit that apps put up to store data on the chain is also turned into storage points and leaves supply; that took 10,371 CFX, in lumps, with the biggest single day on Oct 15 2026 at about 4,193 CFX.

Together the burn removed 11,859 CFX, about 0.05% of the new coins. No coins were sent to the burn address in the window. Conflux runs no buyback, and no foundation or company is buying CFX on the market for the network. The last big burn, 76M CFX from the ecosystem fund, happened in May 2025, and no new one has been announced.

Staking does not take coins out of the count. About 893.78M CFX is staked in proof of stake, and those coins still count as circulating, so a bigger stake means more new CFX in rewards, not less supply.

Foundation and overhang

Four large contracts set up when Conflux launched hold about 2.31B CFX between them, the largest alone about 1.35B. They pay out roughly once a month to a distribution wallet, and 49.18M CFX left them in these 90 days, in payouts on Aug 14, Sep 16 and Oct 18 2026. A fifth contract with no public label holds 664.98M CFX and did not move at all.

None of this is new supply. Every one of these coins already counts as circulating, so a payout moves CFX from one wallet to another without changing the count. What the payouts can change is how many coins reach the market: the average monthly payout, about 16.4M CFX, is roughly twice what the chain mints in a month. The burn address holds 572.96M CFX, coins destroyed in earlier years that no longer count at all.

How CFX compares to other proof-of-work and proof-of-stake hybrid chains

Conflux mixes two ways of paying for security. Miners are paid per block, like Bitcoin or Kaspa, but the larger share of new coins goes to stakers, like Ethereum. Unlike Bitcoin or Kaspa, the reward does not shrink on a fixed timetable; holders vote on it every few months, and the last change was a cut.

Against Ethereum, which grew about +0.21% in its last 90-day reading, CFX grows about twice as fast. Both pay stakers in new coins and both burn part of every fee, but on Conflux fees are so small that the burn barely registers. Decred also splits its block reward between miners and stakers, though on a schedule written in advance rather than set by vote. For CFX, that means the inflation rate can move with a single vote result, up or down.

What to watch in the next 90 days

Early December 2026: the result of the last holder vote takes effect. Every vote in it was for keeping the current settings, so the block reward and the staking rate should stay where they are.

Around early February 2027: the vote now open decides the next settings. Nothing has been cast in it yet. A cut or a rise to the block reward would land just after the next 90 days end.

Mid-November and mid-December 2026: the next monthly payouts from the launch-era fund contracts, if the Aug 14, Sep 16 and Oct 18 pattern holds. They move coins already counted.

Through late January 2027: the stake level. More CFX staked means more new CFX in rewards. The Conflux v3.1.1 node upgrade announced on Oct 22 2026 only fixes bugs and leaves rewards alone.

Summary

CFX supply grew +0.44% in the 90 days to Oct 30 2026 and should grow about the same over the next 90 days.

Miners and stakers received 23.13M CFX in new coins, and the fee and storage burn destroyed only 11,859 CFX of it.

Nothing vests, and the 2.31B CFX in launch-era fund contracts already counts as circulating, so their monthly payouts add no new supply.

The reward rates are set by holder vote, and the latest vote changed nothing, so the next real shift could come only from a vote result in early 2027.

MrNasDog Pressure Framework analysis of CFX, Metric 1 — Inflation. Data + explanation only. Not financial advice. Checked Oct 30 2026.