New York, New York, February 27th, 2025, Chainwire
Perpetual decentralized exchange Nos has announced a rebrand that will see it adopt the name of a cherished former perps DEX. Effective today, Nos will become “01” with the full backing of N1 who originally used the name.
This move integrates 01 into the N1 family, aligning with N1’s mission to foster an ecosystem of scalable, innovative dapps. The 01 name carries significant weight within the Solana community, having been a notable perp DEX on Solana that ceased operations following the FTX collapse in 2022. The rebrand of Nos will build upon the goodwill that the original 01 accrued.
The former incarnation of the 01 perp DEX gained traction among traders before winding down amid the 2022 market turmoil. Nos, built using Amber’s infrastructure and targeting a March mainnet launch, now revives this legacy under the 01 banner. The N1 team, which includes veterans from the original 01 project, sees this rebrand as a natural evolution.
Backed by investors like Multicoin Capital, Founders Fund, and Arthur Hayes – who reaffirmed their commitment to N1 in a recent update – the transition reflects confidence in both the 01 revival and N1’s broader vision.
[NAME] of N1 said: “We’re pleased to see Nos rebrand as 01 and join the N1 ecosystem. This step reconnects with a familiar name in Solana’s history while leveraging our infrastructure to support advanced trading applications. It’s a practical move forward for both teams that will also delight OG Solana traders.”
Nodu of 01 (formerly Nos) added: “Reviving 01 on N1 allows us to build on past lessons and deliver a scalable, user-focused DEX that will push the boundaries of what can be done with Solana perps markets. We’re looking forward to becoming part of the N1 family and strengthening their distinctive brand.”
The new 01 perp DEX will maintain close ties with N1, whose Layer 1 blockchain is designed to eliminate compute and latency constraints for dapps. N1 maintains distinct settlement and execution layers, enabling efficient, vertically scalable trading environments. This aligns with N1’s recent launch of NTS, a TypeScript smart contracts platform that supports mainstream programming languages to simplify development. The integration ensures 01 can deliver a robust perp DEX experience, tapping into N1’s ultra-low latency and high-throughput capabilities.
This announcement follows N1’s recent investor confirmation and the launch of N1 Studios, a product studio incubating next-generation dapps. With 01’s mainnet set for early March, the rebrand taps into nostalgia among Solana’s early adopters while positioning it within N1’s unrestricted execution framework. The N1 team anticipates this will broaden its ecosystem’s appeal, supporting trading alongside other high-impact applications.
About N1
N1 is a Layer 1 blockchain with unrestricted scale and ultra-low latency. Designed to support next-generation crypto apps, it features horizontal scalability, sub-ms latency, and ultra-high throughput. Every app operates in its own isolated environment, resulting in zero state congestion.
Learn more: https://www.n1.xyz/
About 01
Formerly Nos, 01 is a perpetual DEX rebranded to revive its Solana legacy within the N1 ecosystem. Built atop Amber, it targets a mainnet launch in early March 2025, offering efficient, scalable trading solutions. Previously a key player on Solana, 01 now leverages N1’s advanced infrastructure to enhance decentralized derivatives.
Contact
Dan Edelstein
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