september on Nowa, in full. if you traded with us this month, you'll find yourself somewhere in these numbers. 323,271 trades went through nowa devnet in september, across six pairs, adding up to 37.4 billion NUSC in total volume. ETH_NUSC was where you spent most of your time. 115,691 trades, more than a third of everything traded this month, in smaller and more frequent size. BNB, XRP, SOL and BTC each landed between 7.1 and 7.7 billion NUSC in volume with fewer, larger trades apiece, and TRX_NUSC rounded out the month with 43,057 trades. BNPL is where september really moved. 64,003 BNPL trades and 448.2 million NUSC in BNPL volume, up 42.5% and 45.4% on august. roughly one in every five trades on nowa this month was a financed position, and somewhere along the way BNPL crossed 100,000 total transactions on devnet. when you financed an asset, BTC and ETH were the clear favorites. nearly 3 in 10 BTC trades this month were BNPL, the highest share of any pair. ETH led on size, with 204.2 million NUSC in BNPL volume, close to half of all BNPL volume in september. TRX surprised us too, with more than a quarter of its trades going through BNPL. the average BNPL position landed around 7,000 NUSC, right in the range the buying power tiers were designed for. 470 new wallets joined in september, bringing the total to 2,786, around 20% growth in a single month. if one of those is yours, welcome in. 827.5 USDT went out to nowa farming's daily, weekly and monthly leaderboard winners. if you placed, check your wallet, it's already there. and one shoutout we've been waiting to give. @Smeagolorwhat spotted an important technical issue in nowa's infrastructure, reported it to the team properly, and it's been fixed. that's the kind of community you've built here, people who look closely enough to make the protocol better for everyone. thank you. still devnet, still pre-testnet. every trade, every financed position and every report you sent in this month is shaping what goes live next. on to october.

what are you most bullish on right now, perp DEXs, spot DEXs or onchain BNPL? one answer only

sometimes you open a platform to make a trade, but as you explore, you realise there's more to understand than the chart in front of you. on Nowa, you can explore spot trading, use the BNPL flow, and stake NUSC in the Vault as part of the farming ecosystem. each route has its own mechanics, whether you're exploring a trading position or learning how Vault staking works. the idea is to understand how these different parts work and where each one fits into the wider ecosystem. Nowa is currently live on Devnet, where you can explore the available flows using demo capital.

gNowa💚 been farming on Nowa lately? every move adds to your activity, and your activity plays a part in your leaderboard rank. keep showing up, explore different farming routes, and see where you can climb. who’s aiming for the top?

found your species yet? whichever one sounds like you, there’s a way to turn that activity into farming progress. from spot and BNPL volume to Vault staking, Earn, and referrals, different actions contribute to your farming journey. so, which route are you farming through today? Nowa is currently live on Devnet.

Before you open any financed position, you should know exactly what it’ll cost you. here’s every fee on nowa BNPL, in one place. Opening a position costs the standard orderbook fee, 0.01% if your order adds liquidity, 0.015% if it takes it. Holding it costs a daily financing fee on the amount you financed, somewhere between 0.01% and 0.05% a day depending on how much of the vault is in use. Ending it costs 0.05% of the position value, whether you take delivery, sell and exit, or the position is liquidated. gas for each onchain step is paid in NOWA. BNPL access comes through a monthly subscription. starter is 5 NUSC, standard 10, pro 20, ultra pro 50. a higher tier gives you more buying power, from 2x up to 10x, and a bigger max trade size. every tier pays the same fees. And if a position is liquidated, your full initial deposit is lost, with anything left after the debt and fees going to the nowa treasury. it’s in the docs, and it should be in your head before you start. Nowa is live on devnet today, with every one of these fees running against demo capital.

the whole world watching the runway real ones watching the NOWA leaderboard

one community and three ways to climb the leaderboard. Daily rewards the moves you make today. Weekly tracks your consistency over time. Monthly gives your overall activity room to add up. Whether you prefer short-term momentum or playing the long game, every window gives you another way to measure your progress. The question is, which leaderboard are you aiming for first? Nowa is currently live on Devnet. All trading uses demo capital.

Owning the asset you want, settled on your own schedule, onchain, how cool is that

Great roundup from @PinkBrains_io. 10th is the one we’re watching. Osmosis voting on funding staking rewards from protocol revenue says a lot about where DeFi yield is heading. Rewards backed by real usage hold up longer. That’s how the nowa vault was designed from day one. you deposit NUSC, it finances BNPL positions, and 100% of the daily financing fees flow back to the vault, plus half of every closing fee. Your yield moves with how much the protocol is actually used. Live on devnet today with demo capital.

every ecosystem needs a common unit that keeps things connected. NUSC is pegged 1:1 to the USD and serves as a shared unit across the NOWA ecosystem, supporting activities such as farming and BNPL. From measuring activity to powering different parts of the ecosystem, NUSC brings a common reference point to the way these mechanisms work together. Nowa is currently live on Devnet. All trading uses demo capital.

DeFi has evolved, and so has the way we approach it. In 2017, it was about finding the next gem. By 2021, catching the next run had everyone watching the charts. Today, understanding the mechanics behind the system matters just as much as spotting an opportunity. How transactions are executed, how protocols work, and what happens behind the scenes can change how you approach DeFi. The deeper you understand the system, the better equipped you are to navigate it. Nowa is currently live on Devnet. All trading uses demo capital.

One tap. Multiple layers of execution. Here’s the infrastructure working behind the scenes, from order matching to ZK proofs on Ethereum.

every farming action counts, but your badge determines how much your activity gets multiplied. from iron at 1.00x to platinum at 3.00x, each tier raises your farming reward multiplier. keep working through the thresholds, level up your badge, and unlock the highest multiplier across your farming routes. Nowa is live on devnet today, so you can try the whole flow right now with demo capital.

gNowa. manifesting leaderboard climbs, new personal bests, and a little movement up the ranks for everyone this week.

count the tabs you had open the last time you made a move onchain. one for the chart, one for the swap, one for wherever your idle assets were parked, and a wallet popup for every step in between. each hop costs you a little time, a little gas, and a little focus. Nowa brings those pieces onto one L2. spot trading and BNPL run on the same orderbook, earn puts your wrapped assets to work as liquidity for that orderbook, the vault puts your idle NUSC to work financing BNPL, and everything settles onchain, verified on ethereum. pick an asset, own it outright or finance it with up to 10x buying power, and put what’s sitting idle to work, all from one place. try it on Nowa devnet today, with proofs currently settling on ethereum’s sepolia testnet.

rwa used inside DeFi hit a new high on @DefiLlama . over $4 billion, up from around $600 million in mid 2025. and these are assets being put to use. backing loans, sitting in liquidity pools, earning yield. holding a tokenized treasury is one thing. using it as collateral is a whole other level. we think about crypto assets the same way at Nowa. buy the asset you want and finance it with BNPL, with the asset held onchain as collateral until you settle. or deposit your wrapped assets into earn and let them supply liquidity to the orderbook. your assets should be busy. Nowa is live on devnet today.

one place, different ways to get involved. which route are you starting with?

you tap buy, and your trade fills in a few seconds. here's everything that happens underneath in that time. your order lands on Nowa's orderbook, where a high-performance engine matches it with a counterparty off-chain, near-instantly. the matched trade then settles onchain, where CometBFT validators sequence it into a block and the EVM executes it, the same environment ethereum smart contracts run on. from there, it joins a batch of 128 transactions, and a single ZK proof is generated for the whole batch. a few minutes later, that proof is verified on ethereum, and your trade is final. one tap for you. five layers of work underneath. Nowa is live on devnet today, with proofs settling on ethereum's sepolia testnet ahead of mainnet.

if you've been around for a few cycles and you're still here, respect 🫡

sometimes you know the position you want, but your available capital doesn't quite cover the full amount. that's the gap NOWA BNPL is designed for. you put down your share, and the protocol finances the rest based on your buying power tier. for example, 1,000 NUSC upfront with another 1,000 NUSC financed gives you a 2,000 NUSC position at 2X. the difference lies in what you're financing. Nowa BNPL is designed around the purchase of an underlying crypto asset, which can be transferred to your personal wallet once the remaining balance is settled. the idea is simple, understand what you put in and how much buying power it gives you. NOWA is currently live on devnet, where you can explore the flow using demo capital. sometimes, the missing piece is buying power.