TxFlow

Perp + Spot (app-chain)

$— · Founded 2026 · txflow.com ↗

No token yetPre-token

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★★★★★★★★★★

58/100dexwatch score · Caution

An invite-gated, Hyperliquid-style exchange on its own L1 with 200+ crypto, stock, FX and pre-IPO perps — fully on-chain by its own account, but with an anonymous team and undisclosed validators.

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Status

Mainnet since 28 March 2026, still invitation-only via access codes. Points Season 1 was announced on 28 September but its rules are unpublished; the Volume Ascent fee-credit campaign runs until 14 October 2026. DefiLlama halves TxFlow's self-reported two-sided open interest; we use that one-sided figure.

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For beginners

Only deposit native USDC from a standard wallet (not an account-abstraction wallet) and start small — the chain is months old and its security assumptions are not independently verified.

Key metrics

24h volume

$131.7M

Total value locked

n/a

Open interest

$29.5M

Share of tracked perp volume

1.1%

Market cap

n/a

Maker / taker fee

0.015% / 0.045%

Max leverage

75×

Trading pairs

227

Snapshot Oct 10, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.

The honest take

Pros

✓Very broad market list (about 226 perps including US equities, FX, metals and pre-IPO names) with 75× on majors

✓Low base fees (0.015% / 0.045%) plus fee-credit campaigns and a 5% referee discount

✓Gas-free trading, native USDC deposits from five chains, bridge audited by OpenZeppelin

Cons

✕Core L1 and matching engine are unaudited; validator set and team are undisclosed; no public API documentation

✕Access still requires an invite code; no token, and the points rules are unpublished

Security

No published security score or audit list is available for TxFlow in our dataset yet.

AuditsOpenZeppelin (bridge only)

At a glance

ChainsTxFlow L1

IncentivesFee credits via campaigns; Points Season 1 announced 28 Sep 2026, rules unpublished; no token

TypePerp + Spot (app-chain)

BackersNone disclosed (self-described community-owned, no VCs)

Made your choice?

Start trading on TxFlow

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

TxFlow L1Perp + Spot (app-chain)

Open TxFlow ↗ Visit txflow.com Affiliate link · dexwatch may earn a commission at no extra cost to you.

Frequently asked about TxFlow

Is TxFlow safe to use?

There is no published dexwatch security score or audit list for TxFlow in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.

What are the trading fees on TxFlow?

TxFlow charges a maker fee of 0.015% and a taker fee of 0.045%.

What is the maximum leverage on TxFlow?

TxFlow offers up to 75× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Which blockchains does TxFlow support?

TxFlow operates on TxFlow L1.

Is TxFlow good for beginners?

Only deposit native USDC from a standard wallet (not an account-abstraction wallet) and start small — the chain is months old and its security assumptions are not independently verified.

Does TxFlow have a token?

No. TxFlow has no live token at the time of writing, and runs a points programme instead. Points are not a promise of an airdrop. We do not speculate on future token launches.

Head-to-head comparisons

Build your own →

TxFlow vs Hyperliquid

Compare with similar venues

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Learn before you trade

Open the Academy →

What are perpetuals & perp DEXes?Module 7 · 7 min read → Leverage risk & liquidationModule 7 · 6 min read → The crypto wallet: your key to the DEXModule 2 · 6 min read → Phishing, fake sites & wallet drainersModule 5 · 7 min read →

Key terms

Perpetuals Funding rate Leverage Liquidation Margin

Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 10, 2026. Spotted an error? Tell us.