01 Exchange
01 Decentralized Exchange is a decentralized perpetual futures exchange powered by N1’s NordVM engine, offering fast, non‑custodial derivatives trading, structured products, and multi‑chain USDC deposits without sacrificing speed or orderbook performance.
Overview
01.xyz is a decentralized perpetual futures exchange powered by N1’s NordVM engine, offering fast, non‑custodial derivatives trading, structured products, and multi‑chain USDC deposits without sacrificing speed or orderbook performance. 01 Exchange, is a fully decentralized derivatives trading platform built atop high‑performance blockchain infrastructure, designed to bring centralized exchange‑like features into a non‑custodial, on‑chain experience. The core focus is on perpetual futures, power perpetuals (also called “power perps”), cross‑margin trading, and advanced structured derivative products — all executed through a decentralized order book and margin system without sacrificing decentralization.
Rather than relying on traditional AMM or vAMM models common in many DeFi derivatives protocols, 01 is architected to leverage an on‑chain limit order book and deep integration with Project Serum, enabling limit orders, market orders, cross‑collateralization, yield‑bearing deposits, and rich leverage options in ways reminiscent of centralized trading platforms but without centralized custody of funds.
Under the hood, 01 uses the NordVM execution engine (from N1) — a trading‑optimized rollup environment that’s designed for high throughput and low latency trade execution, aiming to approach the speed and responsiveness of CEX derivatives while staying decentralized and non‑custodial.
The Problem
Traditional DeFi derivatives platforms have historically struggled to match centralized exchange performance when it comes to execution speed, order book depth, and sophisticated products. Many are AMM or vAMM based, which can lead to significant slippage, limited order types, and shallow market depth for high‑frequency and professional traders. Additionally, traders holding assets across multiple blockchains often need to bridge or swap through centralized services to access derivative markets — introducing friction and risk.
The Solution
Key Features
Cross‑Chain Deposits
Through integrations like Wormhole, users can deposit assets from other chains and fund their margin accounts on 01, expanding capital accessibility without centralized bridges or exchanges.
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