n1
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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.
David Cao
David Cao is the co-founder and self-styled 'Chief Get Shit Done Officer' of N1, a Layer 1 blockchain built for finance that promises ultra-low latency and 100,000+ transactions per second. With co-founders Dima Romanov and Sheheryar Parvaz, he spent years building 01, a fully on-chain Solana derivatives exchange, weathered a two-year crypto winter, pivoted through Layer N, and relaunched the whole effort as N1 in December 2024. Backed by Founders Fund, dao5, Multicoin Capital and Arthur Hayes, the New York-based, Harvard-schooled builder is betting that congestion-free, developer-friendly infrastructure is the missing piece for moving real markets onchain.