N1 Acquires Decentralized Derivatives Platform 01 Exchange

N1, a Layer 1 blockchain backed by Founders Fund, is acquiring decentralized derivatives platform 01 Exchange ahead of its N1 2.0 launch.

The acquisition will bring one of the largest applications built on the N1 network under direct ownership and is expected to close within six months.

According to Dima Romanov, CEO and co-founder of N1, '01 Exchange has already shown what is possible on N1, and bringing it into the network lets us move faster, deepen liquidity, and deliver a more integrated trading experience.'

The acquisition reflects N1's strategy of integrating key components of its ecosystem under one network rather than relying on independent third-party applications.

With this deal, 01 Exchange's application layer, trading product, market structure expertise, and user community will become part of N1's broader network strategy.