01.xyz is a perpetual futures DEX built on N1 (prev. Layer N). Designed to provide a CEX-grade experience, the platform ensures high-performance execution and minimal costs while remaining fully decentralized. It allows users to trade cryptocurrencies across 20+ pairs with up to 20x leverage.
According to CoinLaunch research, the project raised $2.2M from LedgerPrime, Multicoin Capital, and Pattern Research in Jan 2022.
Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
01.xyz is a perpetual futures DEX built on the N1 blockchain. The platform offers traders the speed of centralized exchanges combined with the security and transparency of decentralized protocols.
The protocol is powered by N1's NordVM engine, a purpose-built rollup designed for order books. This dedicated execution environment enables 01.xyz to execute trades with the speed of a CEX while maintaining the non-custodial integrity of a decentralized platform. As a result, 01.xyz offers users the following features:
Since 2022, the project has raised $2.2M from LedgerPrime, Multicoin Capital, and Pattern Research. As of March 2026, the protocol has reached $1.9B+ Total Volume.
πͺ01.xyz token: As of March 2026, the platform has not yet confirmed plans to launch a native token or conduct an 01 token airdrop. However, it has been running an active points-farming campaign since the 01 mainnet launch on February 3rd, 2026, designed to measure user participation in the protocol.
Such a program may serve as a qualification metric for future token airdrop. With this in mind, the CoinLaunch team conducted a 01.xyz overview and identified the most notable pros and cons:
β 01.xyz pros:
β 01.xyz cons:
01.xyz is a perp DEX that allows users to trade cryptocurrencies and other digital assets in a permissionless, non-custodial manner directly on a blockchain.
The 01.xyz has not disclosed any plans for a token launch or a 01 airdrop. However, since the 01 mainnet launch in February 2026, 01.xyz protocol has been running a points-farming campaign to measure user participation within the 01 ecosystem.
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