N1 Exchange TL;DR: exchange as the chain, 39 markets and points Season 1
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N1 is run by the ex-Layer N team: orderbook, RFQ and margin engine are native chain modules, apps run in dedicated compute, and 39 perp markets are live. Points Season 1 issues 75M a week for 26 weeks with no token yet.
Key claims
39 perp markets live (26 CLOB, 13 RFQ)
75M points a week for 26 weeks, ~2B total
Hard cutoff Q2 2027 at the latest
Feels like N1 exchange is still flying under the radar, so here is TL;DR:
- N1 Exchange is live, built by the ex-Layer N team (same guys that built the fastest rollup on Ethereum, then left to own the full stack), backed by @foundersfund and co
- The exchange is not "just an app" on the chain, it IS the chain: orderbook, RFQ and margin engine are native modules of the @N1Chain L1, secured by validators. Apps tap shared books and shared collateral instead of fragmenting liquidity across contracts
- Under the hood, N1 splits into a lean settlement layer and an async execution network where every app runs in its own dedicated compute: no shared global state, no gas wars, activity elsewhere on the chain cannot slow the matching engine
- 39 perp markets already live (26 CLOB, 13 RFQ), equity perps and vaults coming next. RFQ lets MMs quote on demand, so long-tail markets become tradable without thinning out orderbooks
- Points Season 1 just started: 75M/week for 26 weeks, ~2B total, hard cutoff Q2 2027 at the latest (no token yet)
Definitely one of the earlier opportunities you can still catch in the perp DEX game an0n.
Join through one of the invite codes here:
N1-C4QH8BM7
N1-2GGB7T48
N1-746JYB9S
N1-25QQ2YYY
QUOTING @zerokn0wledge_
N1 Exchange has been live for 11 days now and we're in week 2 of the @N1Chain points system For those who haven't followed the story: this is the ex Layer N team. They built a hyperscale rollup on Ethereum, concluded that the L1's settlement latency and DA costs would always cap
N1 Exchange has been live for 11 days now and we're in week 2 of the @N1Chain points system For those who haven't followed the story: this is the ex Layer N team. They built a hyperscale rollup on Ethereum, concluded that the L1's settlement latency and DA costs would always cap
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