After a violent and chaotic beginning, Nicaea was able to preserve its hold on the territories along the western coast of Asia Minor against the Latin Empire to the north and the Seljuk Turks to the east.
Around the late 1250s and early 1260s, Venice still maintained a sizable patrol of thirty ships in the Bosporus to keep control of the straits and keep the Nicaeans at bay.
This was clearly shown in the joint Nicaean-Bulgarian siege of Constantinople in 1235, when the blockading Nicaean fleet, of allegedly 100 ships, was defeated by a Venetian force one quarter its size.
However, as Venice and other Catholic powers continued to threaten the Byzantine Empire with invasion, the treaty would remain in force, with minor modifications.
In the long run, and especially after the death of Michael VIII, the Byzantine Empire would become a prisoner to the actions of both Genoa and Venice, as the commercial and naval supremacy that it once enjoyed would be usurped by both powers.