N1 Chain (N/A)

N1 Chain (prev Layer N) is an execution-environment-agnostic L1 network purpose-built to become a home for all on-chain finance and to deliver a CEX-level high-frequency trading experience. It provides infrastructure for high-frequency financial applications through an ultra-low-latency matching engine with horizontal scalability. 

At the same time, N1 Chain blockchain integrates the key financial modules needed for HFT natively rather than as separate smart contracts, powered by the chain's unified security and liquidity, including an order book, atomic swaps, as well as a request-for-quote and margin systems. 

Read more about the N1 blockchain infrastructure in its docs.

On July 8, 2026, the platform acquired 01 Exchange (CoinLaunch review), which generated roughly $170M in trading volume in July 2026. As of August 2026, now integrated as N1 Exchange, the DEX gives users access to 30+ crypto and TradFi pairs with up to 50x leverage.

In August 2026, N1 Chain also introduced N1 Mobile - a mobile version of its platform. This aimed to target professional traders across the App Store & Google Play and soon expand to the broader retail category. 

🪙 N1 Chain token: As of August 2026, the project hasn't disclosed either plans to launch a native token or the potential N1 Chain TGE date. However, as with most L1 chains in the space, such a turn of events is quite likely, as they need a token to power their security. 

On top of that, on August 12, 2026, the platform launched an N1 points farming campaign set to run for 26 weeks. Campaigns like this often precede an N1 airdrop. With that in mind, the CoinLaunch team prepared a complete overview of the N1 crypto project and identified its pros and cons:

✅ N1 Chain pros:

• The product fits the current perp DEX trading meta;
• Over $1.2M generated in the last month, applying 01 Exchange's 0.7% effective swap fee to the $170M in trading volume the app produced in July;
• Security audits from Zellic and Cantina;
• Above-average Digital Marketing score;
• Amber Group, Jito, and others are project partners;
• A decent network of backers, including Kraken Ventures, Mirana Ventures, Amber Group, and others;
• The project's CEO worked at Morgan Stanley.

❌ N1 Chain cons:

• 01 exchange N1 Chain app core stats have been declining over the past few months;
• Since the N1 Chain mainnet launch on April 16, 2026, 01 Exchange remains the only application on the network that can be called "alive”;
• The latest round (sale on Echo) valued N1 Chain at only $25M FDV, which caps the potential dollar value of the N1 Chain airdrop;
• The token isn't confirmed yet, and the airdrop allocation for users hasn't been disclosed;
• The project previously was a Solana scaling solution, then turned to Ethereum L2, then eventually switched to an L1 network.