Onchain Lens
Onchain Lens|Aug 06, 2026 15:22
TXFLOW IS STILL IN THE EARLY PHASE One of the biggest lessons from Hyperliquid was not only the points program. It was that activity before the points program mattered. Before launching its public points program, Hyperliquid tracked early trading activity and later allocated 4.46M points to ~11K closed-alpha users. That represented ~7.7% of the final 57.9M points supply. Other perp DEXs followed a similar approach: • Variational retroactively distributed 3M points to existing traders • RISEx allocated 1.6M retroactive points to Season 0 users Early users who helped bootstrap liquidity and trading activity were recognized. Now, @TxFlow_L1 is in a similar pre-points phase. TxFlow mainnet has been live for ~4 months. Current metrics: • $2.8B cumulative perp volume • $1.43B volume in the last 30 days • 5K users There is currently no confirmed TxFlow points program, token allocation, or retroactive reward structure. However, all trading activity is already recorded onchain. Historically, perp DEXs have used early trading activity as one factor when designing future user incentives. The key difference: Being early does not guarantee rewards. But once a protocol gains traction, the users who created early activity are the ones with a track record. TxFlow’s $50K Volume Surge campaign ends today at 23:59 UTC. Campaign rewards: • Up to $100 USDC • Fee credits • Top 500 traders by eligible volume qualify The bigger question is whether TxFlow follows the same path as previous perp DEXs and recognizes its earliest users. No points program has been announced yet.(Onchain Lens)
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