# N1

> N1 (formerly Layer N) is a high-performance Layer-1 blockchain built specifically for onchain finance at scale. Founded by DeFi veterans Dima Romanov, David Cao, and Sheheryar Parvaz, N1 pairs an ultra-low-latency, congestion-free execution layer with native financial primitives - an onchain orderbook, atomic transaction bundles, unified margining, and RFQ - so that trading applications that previously had to run offchain can run natively onchain. Every app runs in its own isolated environment with no state congestion, and developers can write smart contracts in TypeScript (with Python and other languages on the way). Backed by Founders Fund, Multicoin Capital, dao5, Kraken Ventures, and Arthur Hayes, the New York-based team is targeting the performance ceiling that has kept serious finance from moving onchain.

- **Founded:** 2023
- **Headquarters:** New York, United States
- **Founders:** Dima Romanov (Co-Founder), David Cao (Co-Founder), Sheheryar Parvaz (Co-Founder)
- **Team size:** ~17 employees
- **Products:** N1 Layer-1 Blockchain, Onchain Orderbook, Atomics, Margining, RFQ
- **Notable:** First L2 to hit a 100,000 TPS benchmark on testnet before pivoting to a full-stack L1., Raised from Peter Thiel's Founders Fund plus Multicoin Capital, dao5, Kraken Ventures, Amber Group, GSR, and Arthur Hayes., Processed $3.14B+ in volume and 4.37B+ actions with 23,481+ traders ahead of mainnet.

## Products & services

- **N1 Layer-1 Blockchain** — A full-stack Layer-1 blockchain engineered for onchain finance, with ultra-high throughput, sub-millisecond latency, and congestion-free execution. Every app runs in its own isolated environment.
- **Onchain Orderbook** — A fully on-chain central limit orderbook that delivers professional-grade matching at the protocol level with price-time priority and deterministic execution.
- **Atomics** — Bundles multiple transactions into a single all-or-nothing unit, enabling advanced trades with guaranteed completion.
- **Margining** — A unified engine that collateralizes positions across the network for portfolio-wide capital efficiency.
- **RFQ** — A built-in request-for-quote system that connects traders directly to professional market makers onchain.
- **NTS (TypeScript smart contracts)** — A development platform letting engineers write smart contracts in TypeScript, with Python and other languages planned - lowering the barrier to onchain development.
- **N1 Studios** — An incubator arm established to support and grow next-generation applications building on N1.

## Achievements

- First L2 to hit a 100,000 TPS benchmark on testnet before pivoting to a full-stack L1.
- Raised from Peter Thiel's Founders Fund plus Multicoin Capital, dao5, Kraken Ventures, Amber Group, GSR, and Arthur Hayes.
- Processed $3.14B+ in volume and 4.37B+ actions with 23,481+ traders ahead of mainnet.
- Launched NTS, enabling TypeScript smart-contract development.
- Evolved from Layer N (an Ethereum L2) into N1, a sovereign Layer-1 for finance.

## Latest updates

- **2024-12** — Layer N publicly relaunches as N1, a full-stack Layer-1 blockchain for next-generation crypto apps.
- **2025-02** — N1 confirms original investors including Multicoin Capital and Arthur Hayes ahead of mainnet launch, and rolls out NTS TypeScript smart contracts in early access.
- **2025-05** — Latest seed funding reported, bringing total raised to roughly $7M.

## Links

- Website: https://n1.xyz
- LinkedIn: http://www.linkedin.com/company/n1xyz
- Twitter/X: https://twitter.com/LayerN_Official

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Profile page: https://yespress.io/n1
Published by YesPress — https://yespress.io
Last updated: 2026-07-03