TxFlow: running the Hyperliquid playbook, OI up 3x to $45M
Bullish take on TxFlow, an invite-only perp DEX L1 with an onchain order book that copies the Hyperliquid stack of protocol vault, builder codes and permissionless markets, with growth in volume, OI and TVL.
Perps are crypto's best business rn (aside stablecoins). Real demand every single day, and whoever owns the full stack keeps the fees.
Hyperliquid proved it: its own chain, the whole exchange onchain, no VCs, then open the rails so others build on top.
@TxFlow_L1 is running that exact playbook, and it's starting to show in the numbers.
Been trading on it since early October.
Here's why I'm bullish:
- Own L1 with the order book inside the chain. Every order, cancel and fill is a public transaction anyone can replay, and placing or cancelling costs zero gas
- The HL stack is already live: Protocol Vault (their HLP), Builder Code, Channels (their HIP-3, Probly runs prediction markets there) and 238 perps incl. stocks, FX and pre-IPO OpenAI and Anthropic
- $10.7B cumulative volume, $4.3B of it in the last 30 days
- OI $13.5M → $45M since the 13th of September, a new ATH
- TVL $2.6M → $38M since April
All while still invite-only (via ref links).
No token yet, no VC allocation, and Epoch 1 points were split across just 5,858 accounts.
My link gets you in + 5% off fees on your first $25M volume:
NFA ofc but a fair-launch perp DEX L1 growing like this likely won't stay this small for long, so the time to be early is now.
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