TxFlow Harry：打造多市場流動性結算層，讓交易基礎設施更簡單
Where Transaction Flows
- Harry TxFlow 共同創辦人暨生態系負責人
影片
影片與逐字稿來源：TOKEN2049
場次摘要
TxFlow 共同創辦人 Harry 分享如何打造一個讓多種市場（預測、現貨、永續、收益）都能共用流動性的結算層，解決新協議流動性與交易基礎設施重複建構的痛點。TxFlow 以 TXEVM、TX Core、TXBFT 三大核心組件，讓開發者更快推出產品，並且隔離風險、提升效能。預測市場已上線，TXEVM 測試網即將開放，積分活動也即將展開。
值得記下的 5 件事
- 新協議要同時重做交易引擎和自己找流動性，產品會被拖慢。
- 交易者資金散在交易所、永續合約、預測市場與收益產品，提領隊列彼此切斷。
- TXEVM 負責發鏈與 DeFi，TX Core 給預測、現貨與永續合約同一套即時價格。
- 預測、現貨、期貨與收益共用一層結算，但各通道訂單簿獨立，風險不交叉。
- 預測市場已可用；TXEVM 測試網排在接下來幾週。
逐字稿
市場基礎設施的現狀
大家好，我是 Harry，是 TxFlow 的共同創辦人之一。我們的核心理念是，現在的市場其實就像五、六年前的 ERC-20 一樣，部署市場變得越來越簡單。我們的目標，是成為一個基礎結算層，讓其他人可以更容易在我們之上打造產品。So, I'm Harry. I'm one of the co-founders of TxFlow, and our basic premise is that markets are kind of like where ERC-20 was five or six years ago. It's become a lot easier to deploy markets, and our goal is to be a base settlement layer that makes it easier for other people to build on top of.
新協議的兩大痛點
每個新的協議都會遇到兩個問題。第一，是必須重新打造交易基礎設施；第二，是要如何快速在平台上取得流動性。取得流動性其實非常困難，而且每次都要重做一套交易引擎，會讓開發者花更多時間才能把產品推出。Every new protocol has the same two issues. Firstly, it's the need to rebuild the trading infrastructure, and secondly, it's the need to get liquidity quickly on their platform. Getting liquidity quickly is very difficult, and having to rebuild the same typical trading engine every single time means that builders take more time to ship what they need to ship.
所以，對於一個新交易場域來說，第一天真的很硬。我自己創過幾個交易所，深有體會。當交易者來到一個流動性很差的平台，他們很快就會離開。如果沒辦法成交好價格，他們也會直接走人。沒有人會為了漂亮介面而離開一個流動性好的平台。So yeah, day one of a new venue is brutal, as someone that started a couple exchanges in my life. When the trader comes and there's bad liquidity, they are very quick to leave. If they come and they don't get a good fill, they're just going to leave. And so no one's really going to leave a very liquid platform for something that just looks nice.
交易者資金分散的現況
舉個例子，這是現在一個交易者的資金配置。他可能有一部分資金放在 Binance，一部分放在 Hyperliquid，還可能用另一個錢包在 Polymarket 操作，甚至還有一些資金在機構的高收益產品裡面。我們的目標，就是要減少這種需要在四個不同鏈、四個提領隊列之間切換的麻煩。So this is one trader's capital today. They have some money on Binance. They have some money on Hyperliquid. They may be using Polymarket on another wallet. And finally, they could be doing some high-yield earn product somewhere else, like with an institution. Our goal is to basically reduce the need to do four withdrawal queues, four different chains, etc.
我們相信，未來應該有一個基礎鏈，可以同時幫多個專案、不同市場解決流動性問題。我們的目標，就是成為最容易讓人來建構產品的地方。這代表什麼？就是你只要接上 TxFlow，就可以直接用到預測市場、現貨、收益、永續合約等功能。We believe the future is being a base chain that can solve the liquidity issues for multiple projects, multiple different markets at the same time. And our goal is to be the easiest place to build. What does that mean? It means that when you plug into TxFlow, you will get access to prediction markets, spot, yield, and perps from the very beginning.
TxFlow 技術架構三大核心
TxFlow 架構有三個主要組成。第一個是 TXEVM，我們希望透過 TXEVM 推出一條鏈，讓任何人都可以創建代幣、做 DeFi 產品、交換、借貸等等。第二個是 TX Core，這是我們追蹤價格的方式。理想上，所有用 TxFlow 流動性的產品，都會接到這個核心，取得實時價格，不管是預測市場、現貨還是永續合約。Okay, so there's three main parts that substantiate the TxFlow stack. The first is TXEVM. With TXEVM, we hope to launch a chain where anyone can create tokens, make DeFi products, swap, lend, etc. TX Core is the way we track pricing. So ideally, what will happen over time is that every product that's using TxFlow for its liquidity is plugging into the core for the actual price that it's filling for its users, whether that be Prediction, Spot, or Perps.
最後一個是 TXBFT，這是我們的核心結算層。這讓我們能夠以 DEX 的形式，達到像 CEX 一樣的效能。所有成交價格都會被最終記錄下來。有一點很重要：所謂的共享流動性，並不是共享訂單簿。And finally, there's TXBFT, which is the core settlement layer. This is what allows us to have CEX-like performance as a DEX. The price that's recorded or the fill that's recorded is recorded in finality. And one big caveat I want to make: shared liquidity is not a shared order book.
多市場結算與風險隔離
我們的基本目標，是成為預測市場、現貨、期貨、收益等多種產品的結算層。不過，每一種結算簿都是獨立的，彼此不會互相影響。全部都在同一層、同一條鏈上，開發者不用橋接或兌換就能用所有產品。同時，風險也被隔離，每個通道都有獨立的訂單簿。So the basic goal for us is to be a settlement layer for predictions, spot, futures, and yield eventually. But each of these different settlement books do not correlate. They're all on the same layer. It's all on the same chain. You don't have to bridge or swap to use any of the products if you're a builder. But at the same time, the risk is mitigated. Each channel has isolated order books.
產品現況與未來規劃
目前我們大部分產品都已經上線，昨天還創下了歷史新高的交易量。預測市場也已經可以使用。接下來的重點是，TXEVM 會在接下來幾週進入測試網。如果你想跟我們一起開發，現在就可以開始了。Yeah, so right now, most of our products are actually live. Yesterday we had an all-time high for volume. And the prediction markets are also live. So what's coming in the future, and the main point, to be honest, is we will have TXEVM in testnet in the next couple weeks. What that means, if you want to build with us, you can build with us.
另外，我們這一季也會推出積分（points）活動，為 2027 年主網和 TG 做準備。大致上就這樣，如果想找到我，可以在 Twitter 上搜尋 Harry TXFlow。And secondly, we will have points launching this quarter as well for 2027. Mainnet and TG. But yeah, that's all. If you want to find me, you can find me on Twitter, Harry TX Flow.
