01.xyz Review: Perps Done Right? (February 2026)

01.xyz is a decentralized perpetual futures trading platform built for active on-chain traders who want fast execution, competitive markets, and a more exchange-like trading experience without relying on a traditional centralized venue. It focuses on perpetuals, supports USDC deposits from major chains, and combines trading tools with social features like leaderboards, clans, and points to keep users engaged. Overall, this 01.xyz Review finds that the platform positions itself as a trader-first DEX built for speed, participation, and repeat trading activity.

What is 01.xyz?

01 Exchange is a decentralized crypto trading platform built around perpetual futures and leveraged derivatives. Through its interface at 01.xyz, it is designed to offer the speed, execution quality, and trading experience of centralized exchanges while preserving the transparency and self-custody advantages of DeFi. Users can trade straight from their wallets without transferring assets to a centralized platform, making it a non-custodial option for serious and active crypto traders.

How 01.xyz works?

• Connect your wallet to access the platform and interact with its trading interface. 01 says users may need to connect a compatible wallet to use certain features.
• Deposit USDC from supported chains. 01 states that it uses CCTP to allow USDC deposits from leading chains.
• Choose a perpetual futures market. The platform is built for perpetual futures trading and says users can trade across 20+ markets.
• Place trades using the live trading interface. The app includes tools like chart, order book, positions, open orders, trade history, funding history, and deposit/withdrawal history.
• Benefit from fast execution. 01 highlights fast execution as one of its main product features for entering trades quickly.
• Use portfolio tools to monitor activity. The platform includes a portfolio area and trading records so users can track positions and account activity.
• Participate in points and engagement programs. 01 runs a points program where eligible users may earn points through activities such as trading volume, liquidity provision, and qualifying events.
• Engage with social features like leaderboards and clans. The app surface includes Leaderboards and Clans, showing that 01 combines trading with competitive community mechanics.
• Trade through a non-custodial front end. In its Terms, 01 says it acts as a front-end interface to underlying smart contracts and blockchain networks and does not take custody of user funds or private keys.
• Access is subject to jurisdiction and compliance rules. 01 restricts access from certain jurisdictions and states that eligibility and compliance rules apply.

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01.xyz Review: Key Features

• Perpetual futures trading platform: 01.xyz is built specifically for perpetual futures trading, not spot-first casual usage.
• Fast execution: The platform highlights fast trade execution as one of its core product strengths, aimed at helping traders enter positions quickly.
• 20+ tradable markets: 01 says users can trade across 20+ markets, giving exposure to a broad set of perp opportunities.
• Category-based market discovery: Markets are grouped into segments such as AI, DeFi, L1, RWA, Equities, Meme, and Newly Listed, making discovery easier for active traders.
• Trading interface with core execution tools: The platform includes the standard trading stack: chart, order book, positions, open orders, order history, trade history, funding history, and deposit/withdrawal history.
• Portfolio tracking: 01 includes a dedicated portfolio section for monitoring trading activity and account-level performance.
• USDC deposits from leading chains via CCTP: 01 supports USDC deposits via CCTP, making it easier for users to fund accounts from supported chains.
• Structured trading products: The platform says it offers structured trading products designed for both newer and more experienced traders, with a focus on customizable risk management.
• Leaderboards and clans: 01 adds a competitive layer through leaderboards, clans, and clan wars, which can increase engagement for active traders.
• Points program: The exchange runs a 10 million point program that rewards eligible activity such as trading volume, liquidity provision, and participation in qualifying events.
• Live platform metrics: The markets page publicly displays metrics such as 24h volume, total volume, deposits, open interest, and 24h trades, which helps users assess activity on the platform.
• Non-custodial frontend model: 01 states that it is a frontend interface for interacting with smart contracts on public blockchains and that it does not custody user funds.

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01.xyz Review: Trading Fees

01.xyz uses a volume-based maker-taker fee structure where trading fees decrease as a user’s 30-day trading volume increases. Entry-level users pay 0.01% maker and 0.035% taker fees, while high-volume traders above $1 billion in monthly volume pay 0% maker and 0.02% taker fees. This makes 01.xyz more attractive for active and professional traders who generate large trading volume.

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01.xyz Review: Security Features

• Non-custodial setup: 01.xyz states that it acts as a front-end interface to underlying smart contracts and blockchain networks and that it does not take custody of user funds or private keys.
• User-controlled wallet access: To use certain features, users connect a compatible wallet, and 01 says users are responsible for access and activity through that wallet.
• Private key responsibility stays with the user: 01 explicitly says users must protect their wallet, credentials, private keys, and authentication mechanisms, and warns that if a user loses control of their wallet or keys, assets may be permanently inaccessible.
• Restricted-jurisdiction and sanctions controls: The Terms say 01 may restrict, suspend, or disable frontend access, including trading or wallet interaction, for users or wallet addresses associated with restricted jurisdictions or sanctions exposure.
• Operational transparency: The live trading interface links to a system status page and displays operational metrics such as transactions, TPS, peak TPS, and average latency, which is useful for monitoring platform reliability.
• Risk disclosure around smart contracts and blockchain infrastructure: 01 warns that blockchain use involves risks such as network failures, forks, protocol malfunctions, bugs, hacks, and cryptographic vulnerabilities, and says it does not guarantee the services are free from bugs or vulnerabilities.

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01.xyz Review: Points Program

01.xyz runs a 10 million-point incentive program that rewards trading activity, liquidity provision, and community participation, with weekly distributions every Tuesday across private mainnet, public alpha, public beta, community rewards, and liquidity programs.

• 01 Points Program is a non-monetary incentive system designed to reward user engagement on the platform.
• The total allocation is 10,000,000 points.
• Points are distributed every Tuesday.
• Points are non-transferable and non-monetary. They do not represent ownership, equity, or a claim against 01.
• Users may earn points through trading volume, liquidity provision, and other qualifying events determined by 01.
• 01 also says that earning or displaying points does not guarantee any future reward, token, or distribution.

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Conclusion

01.xyz is shaping up as a trader-focused perpetual DEX that cares about speed, market access, and user retention more than empty DeFi theater. Its core business model appears to be straightforward: attract traders through product quality and incentives, keep them engaged with points and social competition, and monetize sustained trading activity through fees. It still feels early in some areas, but the direction is clear. 01 is building for real perps traders, not casual button-clickers.

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