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New York, February 27, 2025, Chainwire
The decentralized trading platform Nos has revealed a rebranding, adopting the title of a once-popular futures DEX. Commencing today, Nos will be referred to as “01,” receiving comprehensive backing from N1, which originally utilized this designation.
This effort integrates 01 into the N1 network, aligning with N1’s objective to cultivate a scalable and innovative decentralized application ecosystem. The name 01 carries substantial significance within the Solana community, having been a notable futures DEX on Solana prior to halting operations following the FTX collapse in 2022. Nos’s rebranding will build upon the strong reputation established by the original 01.
The previous 01 futures DEX attracted attention among traders but ceased operations during the market chaos in 2022. Nos is utilizing Amber’s infrastructure and aims to launch its mainnet in March, reviving this legacy under the 01 name. The N1 team comprises veterans from the original 01 initiative, perceiving this rebranding as a natural progression.
Backed by investors such as Multicoin Capital, Founders Fund, and Arthur Hayes, who recently reaffirmed their dedication to N1, this transition signifies confidence in the revival of 01 and the broader vision of N1. WLFI Rejects News Dispatches, Blaming Them for Political Motivation
N1’s [NAME] remarked, “We are thrilled to witness Nos rebrand as 01 and integrate into the N1 ecosystem. This move reconnects us with a familiar title in Solana’s narrative while leveraging our infrastructure to support advanced trading applications. It is a significant advancement for both teams and will undoubtedly please seasoned Solana traders.”
Nodu from 01 (previously Nos) stated, “Revitalizing 01 on N1 enables us to draw on historical insights to deliver a scalable, user-focused DEX that pushes the limits of the Solana futures market. We eagerly anticipate being part of the N1 family and enhancing their distinctive brand.”
The newly launched 01 perpetual decentralized exchange (DEX) will be intricately connected with N1, whose Layer 1 blockchain seeks to overcome the challenges faced by decentralized applications (dapps) regarding computation and latency. N1 features a distinctive settlement and execution layer, creating an efficient trading atmosphere that is capable of vertical scaling. This is in line with N1’s recent introduction of NTS, a TypeScript smart contract platform that accommodates popular programming languages and aims to streamline the development process. This collaboration guarantees that 01 can deliver a strong perpetual DEX experience, fully capitalizing on N1’s exceptionally low latency and high throughput.
This revelation follows N1’s confirmation of its investors and the unveiling of N1 Studios, which aims to nurture the upcoming generation of dapps. With the 01 mainnet set to debut in early March, this rebranding stirs memories among early Solana users while establishing itself within N1’s boundless execution framework. The N1 team anticipates that this will boost the attractiveness of its ecosystem and facilitate trading with Whats Fueling the Rise in XRP, LINK, BONK, Jasmy, and Other Altcoins? impactful applications.
**About N1**
N1 is a Layer 1 blockchain characterized by limitless scalability and ultra-low latency. It is crafted to support the forthcoming generation of crypto applications, featuring horizontal scalability, sub-millisecond latency, and remarkably high throughput. Each application functions in its own separate environment, achieving zero state congestion.
For additional details: https://www.n1.xyz/
**About 01**
Previously referred to as Nos, 01 is a perpetual DEX that has undergone rebranding to revive its Solana heritage within the N1 ecosystem. Developed on Amber, it intends to launch its mainnet in early March 2025, providing efficient and scalable trading solutions. As a key player on Solana, 01 now utilizes N1’s sophisticated infrastructure to enhance decentralized derivatives.
