N1 Chain (ex. Layer N) 

What is the N1 Chain blockchain (formerly Layer N)?

N1 Chain is a general-purpose Layer-1 blockchain built for onchain finance, aiming to deliver centralized-exchange-grade trading fully on-chain. N1 Chain targets sub-millisecond latency and congestion-free execution through native protocol modules rather than smart-contract add-ons. Dima Romanov and David Cao founded the project. N1 Chain launched the N1 Exchange in August 2026 after acquiring the "01" exchange.

Is N1 Chain a Layer 1 or Layer 2 network?

N1 Chain is a Layer-1 blockchain as of the December 2024 rebrand. The project debuted in November 2022 as a Solana scaling protocol, then built an Ethereum rollup network for financial applications under the Layer N name. The pivot to a full-stack Layer 1 followed the FTX collapse, which cut off FTX Ventures' planned funding. "Layer 1" means the network maintains its own validator infrastructure rather than settling to another chain.

How does N1 Chain's trading architecture work?

N1 Chain ships finance primitives as native protocol modules. The fully on-chain central-limit Orderbook enforces price-time priority with deterministic execution. Atomics bundle up to 10 coordinated actions into one all-or-nothing transaction. Unified cross-network Margining shares collateral across venues, and on-chain RFQ connects takers with professional market makers. N1 Chain reports roughly $3.7B in processed volume across 5.64B actions.

Who backed N1 Chain and how much funding did the project raise?

DropsTab fundraising data shows N1 Chain raised approximately $7M across 4 rounds. The $5M Seed Round closed on September 13, 2023, co-led by Founders Fund and dao5. The $2M Public Sale closed on May 14, 2025. Earlier rounds drew Solana Ventures and angels Raj Gokal and Anatoly Yakovenko. The official n1.xyz site also lists GSR, Mirana, IMC, and Amber among backers.

What does N1 Chain's fundraising signal about investor quality?

N1 Chain's backer list pairs a Tier-2 venture firm (Founders Fund, Peter Thiel's fund) with an exchange operator (Kraken) and market-making names — a profile typical of trading-infrastructure bets rather than retail hype cycles. Solana's co-founders angel-invested in 2022, signaling early ecosystem conviction. Concentration risk cannot be assessed because allocation percentages are not public. The 2025 public sale shows retail demand existed pre-token.

Is the N1 token available to trade yet?

The N1 token is not available to trade. N1 Chain has announced no token ticker, no TGE date, and no contract addresses, and the project is listed in premarket status with no spot, derivative, or DEX markets live. ICO Drops lists the token launch as upcoming with no confirmed date. A liquidity picture will only form after the TGE.

What are N1 Points and how does the rewards campaign work?

N1 Points is an active point-farming rewards campaign on the N1 perpetual ecosystem, started August 13, 2026. Per DropsTab data, the program distributes 75 million points every week for 26 weeks — roughly 1.95 billion points in total. N1 Points is the project's primary pre-TGE earning track and the main driver of airdrop expectations. No end date is set, and participation runs through trading on the perpetual venue.

Has N1 Chain announced tokenomics or a vesting schedule?

N1 Chain has disclosed no tokenomics. No total supply, maximum supply, allocation breakdown, or vesting schedule exists in public documentation. Tokenomics disclosure is the key pre-TGE milestone to watch. Because insider and VC allocation percentages remain unknown, unlock-driven sell pressure cannot be assessed before the allocation table and unlock schedule are published.