01.xyz airdrop guide: how to farm points on the flagship N1 perp DEX (2026)

What is 01xyz?

01.xyz is a decentralised perpetual futures DEX built on the N1 blockchain - a Layer 1 chain designed specifically for trading - and serves as the flagship application of the N1 ecosystem, offering CEX-grade execution speed and self-custody in a single platform. It launched on mainnet on February 3, 2026, alongside the N1 mainnet itself, making it one of the earliest live applications on a new high-performance L1. The exchange supports over 20 trading pairs with up to 20x leverage, USDC deposits from Solana and Arbitrum via Circle's Cross-Chain Transfer Protocol, and a full suite of order types including market, limit, and trigger orders.

The platform is built by a team with prior trading infrastructure experience and is powered by N1's NordVM engine - a purpose-built rollup for order books that allows the exchange to match orders at speeds previously only achievable by centralised venues. 01.xyz raised $2.2 million from LedgerPrime, Multicoin Capital, and Pattern Research, and benefits from N1's broader $7 million raise and $20 million Amber Group liquidity programme.

Is the 01xyz airdrop confirmed?

01xyz has not confirmed a token or airdrop, but it launched an explicit 10-million-point incentive programme simultaneously with its mainnet on February 3, 2026, which has been distributing weekly every Tuesday since launch and is expected to run through at least Q3 2026 - making it one of the most active and time-defined points programmes currently available on a new L1.

The points programme explicitly states that points are non-monetary and do not represent ownership or any guaranteed future reward - this is standard legal language for pre-TGE programmes. The combination of a live programme with a known end horizon (Q3 2026), 10 million total points to distribute, Multicoin Capital backing, and the fact that trading on 01.xyz also builds on-chain history on N1 itself (a chain with its own potential retroactive distribution) makes this a two-layered farming opportunity: 01.xyz points plus N1 chain activity, both from the same trades.

01.xyz Airdrop Details

• Project: 01.xyz

• Chain: N1 (NordVM rollup Layer 1)

• Type: Perp DEX (perpetual futures, 20+ pairs, up to 20x leverage)

• Mainnet launch: February 3, 2026

• Status: Ongoing - live, points programme active

• Token: Not confirmed

• Points programme: 10 million total points, weekly distributions every Tuesday

• Points sources: Trading volume, liquidity provision, community participation

• Programme duration: Running through at least Q3 2026 (based on programme timeline)

• Deposit support: USDC from Solana and Arbitrum (no bridge needed)

• Leverage: Up to 20x

• Backers: LedgerPrime, Multicoin Capital, Pattern Research

• Join: 01.xyz

How to Farm the 01.xyz Airdrop

To farm 01.xyz, deposit USDC from Solana or Arbitrum, trade consistently across multiple pairs to build weekly volume, contribute liquidity where available, engage with the clan and social features for community points, and maintain activity through to the Q3 2026 programme end.

1. Deposit USDC. Go to 01.xyz and connect your wallet. Deposit USDC directly from Solana or Arbitrum - no bridge transaction needed thanks to Circle's Cross-Chain Transfer Protocol. This makes entry straightforward if you already hold USDC on either chain.

2. Start trading. Open positions in different trading pairs. The platform supports 20+ markets with up to 20x leverage, market, limit, and trigger order types, and real-time market data including funding rates and open interest. Start with lower leverage until you understand the platform's execution and fee mechanics.

3. Build volume consistently across weeks. Points are distributed weekly on Tuesdays. Consistent weekly activity is more effective than sporadic large-volume sessions, since your share of the weekly pool compounds over time as you establish an early points lead before the user base grows. The programme is still early - user counts remain low relative to the volume on established perp DEXs, meaning each trade earns a proportionally larger share of the weekly pool than it will once more traders join.

4. Use delta-neutral strategies to build volume cheaply. Holding simultaneous long and short positions across different pairs (or offsetting on another venue) allows you to accumulate trading volume without large directional exposure. This is the standard approach for professional points farmers who want volume without the risk of large open positions.

5. Provide liquidity. Points are earned through liquidity provision as well as trading. Check the platform for available liquidity pools and their current point weightings.

6. Join a clan and engage with social features. 01.xyz has leaderboards, clans, and community reward categories. Community participation contributes to the points allocation beyond just trading volume, rewarding broader engagement with the platform.

7. Use the API for efficient trading. 01.xyz offers REST APIs, WebSocket feeds, and official SDKs. If you are comfortable with automated trading, running a simple market-making or range-trading strategy through the API is one of the most efficient ways to build consistent weekly volume.

8. Track the N1 ecosystem. Every trade on 01.xyz also registers on the N1 blockchain. If N1 ever distributes a retroactive airdrop to early chain users, your 01.xyz trading history is direct evidence of early participation on N1 mainnet from the February 3 launch date.

How much does it cost to farm 01.xyz?

Farming 01.xyz requires trading capital for positions and standard perpetual trading fees - there is no deposit fee or minimum - but the primary ongoing cost is the trading fees on each position opened and closed. USDC deposits from Solana or Arbitrum avoid any bridging fees.

Because points are proportional to your share of weekly activity, the cost-effectiveness of farming depends on what others are doing. The research from April 2026 notes the user base is still relatively small, meaning each trade earns a larger proportional share of the weekly pool than it will later once more traders join. Earlier farming is more cost-efficient per point earned, making the current period valuable even for modest capital amounts.

Is 01.xyz safe and legit?

01.xyz is a real, live perp DEX on a live mainnet with confirmed backing from Multicoin Capital, genuine trading volume since February 2026, and a functioning points programme - it is a legitimate platform, not a scam.

As a new exchange on a new blockchain, it carries the standard risks: smart-contract bugs in the N1 NordVM infrastructure, liquidity risk during low-activity periods, and the usual leveraged trading risks of liquidation if positions move against you. The platform is self-custody - funds remain in your wallet until committed to positions - which is a meaningful safety improvement over centralised venues. Use only 01.xyz (the official domain), never share your seed phrase, and only trade with capital you can afford to lose. No token or airdrop is guaranteed.

01.xyz Airdrop FAQ

How do 01.xyz points work and how often are they distributed?

01.xyz runs a 10-million-point incentive programme with weekly distributions every Tuesday. Points are earned through trading volume, liquidity provision, community participation, and qualifying events determined by the team. Total allocation is fixed at 10 million points. Points are non-transferable and non-monetary - they do not represent ownership or any guaranteed future reward, but they are the primary metric the team is using to measure user engagement ahead of any potential future event.

Does 01.xyz have a token?

01.xyz has not confirmed a token or TGE as of June 2026. The points programme is expected to run through at least Q3 2026 based on its 10-million-point total allocation and weekly distribution pace, and the team has stated that earning points does not guarantee any future reward, token, or distribution. That said, a Multicoin-backed perp DEX running a structured 10-million-point programme on a new L1 fits the profile of projects that have gone on to distribute tokens to point holders.

Can I deposit from Solana or do I need a special wallet?

You can deposit USDC directly from Solana or Arbitrum using Circle's Cross-Chain Transfer Protocol, with no separate bridge transaction required. Standard Solana wallets (Phantom, Backpack) and EVM wallets (MetaMask) are both supported. This makes 01.xyz one of the more accessible new L1 perp DEXs for users already active on Solana or Arbitrum.

How is 01.xyz different from other perp DEXs like dYdX or Hyperliquid?

01.xyz runs natively on N1, a chain purpose-built for order-book trading. Unlike dYdX (Cosmos-based) or Hyperliquid (its own L1), 01.xyz is positioned as the flagship app of a new general-purpose trading L1, meaning farming it gives exposure to both the DEX-level points and the chain-level activity history. The NordVM engine is specifically designed for order-book throughput, aiming to give 01.xyz execution speeds that match CEXs rather than the latency typical of EVM-based perp DEXs.

Is farming 01.xyz and N1 Chain the same activity?

Yes and no. Every trade on 01.xyz automatically registers as on-chain activity on N1, so the same transaction earns 01.xyz points and contributes to your N1 chain history simultaneously. They are separate potential rewards from the same action. If N1 distributes a retroactive airdrop to early chain users, your 01.xyz trading history from the February 2026 mainnet launch forward is the primary evidence of your early participation.

Related: N1 Chain airdrop guide - the L1 that 01.xyz is built on, with its own airdrop potential. Full list: 200+ airdrops in 2026.