01.xyz review

01.xyz is a decentralised perpetual futures exchange built on the N1 blockchain, positioning itself as a bridge between centralised exchange (CEX) performance and decentralised finance (DeFi) transparency. The platform targets traders who prioritise on-chain self-custody and real-time price discovery whilst demanding CEX-like order matching and minimal latency. Its fee structure—0.02% maker and 0.05% taker—directly competes with and undercuts many established venues. The exchange operates without KYC, permitting global, anonymous access to perpetual futures trading. Settlement occurs on the N1 blockchain, which the project claims offers sufficient throughput for CEX-style matching without bridging or wrapping requirements. Users retain custody of their positions and collateral at all times, eliminating counterparty risk inherent to centralised custodians. N1 blockchain is a proprietary Layer 1 network designed primarily to support 01.xyz; it has not achieved significant independent adoption or ecosystem depth compared to established chains. This creates a circular dependency: the exchange's success hinges on N1 adoption, but N1 adoption depends heavily on 01.xyz's prominence. The platform currently supports 40 perpetual markets, substantially fewer than established CEX derivatives offerings. Compared to competitors like dYdX and Hyperliquid, which operate on Cosmos and Solana respectively and benefit from broader developer ecosystems, 01.xyz risks remaining siloed. Traders should treat N1 blockchain maturity as a material risk; smart contract audits, network security properties, and validator decentralisation are critical unknowns. The platform's claim of CEX-like speed is untested at meaningful trading volumes.

01.xyz is lightly regulated or non-custodial. No major custody breach on record. As with any platform, use strong security and only hold what you need on it.

No — KYC is not required (non-custodial or minimal verification), which shifts custody and compliance responsibility to you.

01.xyz fees: maker 0.02%, taker 0.05%; withdrawals: Network-dependent. Always confirm current fees on the official site, as crypto fees change often.

Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.

Traders seeking low-latency on-chain derivatives with transparent order books and self-custody, willing to accept chain-level execution risk..

Avoid 01.xyz if: You require high liquidity, broad asset support, or established infrastructure with proven operational track records..

Pros: Designed to deliver centralised exchange speed through N1 blockchain architecture while maintaining on-chain transparency and self-custody; Competitive maker fee of 0.02% and taker fee of 0.05% undercut many established CEX and DEX competitors; No KYC requirement permits anonymous entry and aligns with decentralised finance ethos. Cons: Built on N1 blockchain, a proprietary chain with minimal ecosystem integration outside its own platform; Lacks established liquidity and user base; price discovery and order depth unproven at scale; N1 blockchain adoption remains marginal compared to Ethereum, Solana, or Arbitrum, risking fragmentation and limited dApp interoperability.

No / limited. See the official site for current licensing.

This review was last verified on 2026-07-31 against the official site.