$\DeclareMathOperator{@}{\operatorname@}$
As noted in a comment, the $\@$ operator is associative.
By expanding $(a\@ b\@c)$ and $(a\@b\@c\@d)$:
$$\begin{align*}
a\@b &= \frac{a+b}{ab+1}\\
(a\@b)\@c &= \frac{\frac{a+b}{ab+1}+c}{\frac{a+b}{ab+1}c+1}= \frac{a+b+c(ab+1)}{(a+b)c + ab+1} = \frac{abc + a+b+c}{ab+ac+bc+1}\\
(a\@b\@c)\@d &= \frac{\frac{abc + a+b+c}{ab+ac+bc+1}+d}{\frac{abc + a+b+c}{ab+ac+bc+1}d+1}\\
&= \frac{abc + a+b+c + (ab+ac+bc+1)d}{(abc + a+b+c)d + ab+ac+bc+1}\\
&= \frac{abc+abd+acd+bcd + a+b+c+d}{abcd + ab+ac+ad+bc+bd+cd + 1}
\end{align*}$$
Note that the numerators and denominators seem to be sums of the elementary symmetric polynomials of $2$, $3$ or $4$ variables. Define a polynomial $f_n(x)$ for $n\ge 2$,
$$\begin{align*}
f_n(x) &= (2x+1)(3x+1)\cdots (nx+1)\\
&= (2\cdot 3\cdots n)x^{n-1} + \cdots + (2+3+\cdots + n) x + 1
\end{align*}$$
(Note that, as in the question, here $n$ is in the largest operand, not the number of operands or partial terms.)
Then the denominators of the partial terms seem to be the sum of the coefficients of $x^0$ and every second term; the numerators of the partial terms seem to be the sum of the coefficients of $x^1$ and every second term.
Claim that
$$\begin{align*}
2 \@3\@\cdots \@n
&= \frac{\frac12\left[f_n(1)- f_n(-1)\right]}{\frac12\left[f_n(1)+ f_n(-1)\right]}\\
&= \frac{3\cdot4\cdots(n+1) - (-1)^{n-1}\cdot 1\cdot2\cdots(n-1)}{3\cdot4\cdots(n+1) + (-1)^{n-1}\cdot 1\cdot2\cdots(n-1)}\\
&= \frac{(n-1)!\cdot \left[\frac{n(n+1)}2+(-1)^n\right]}{(n-1)!\cdot \left[\frac{n(n+1)}2-(-1)^n\right]}\\
&= \frac{n(n+1)+2(-1)^n}{n(n+1)-2(-1)^n}
\end{align*}$$
For the base case $n=2$,
$$\begin{align*}
LHS &= 2\\
RHS &= \frac{2\cdot3+2\cdot(-1)^2}{2\cdot3-2\cdot(-1)^2} = \frac{8}4 = 2
\end{align*}$$
Assume for some integer $k\ge 2$ that the claim is true:
$$2\@3\@\cdots \@k = \frac{k(k+1)+2(-1)^k}{k(k+1)-2(-1)^k}$$
Then for the $n=k+1$ case,
$$\begin{align*}
LHS &= 2\@3\@\cdots\@k\@(k+1)\\
&= \left[\frac{k(k+1)+2(-1)^k}{k(k+1)-2(-1)^k}\right] \@ (k+1)\\
&= \frac{\left[\frac{k(k+1)+2(-1)^k}{k(k+1)-2(-1)^k}\right]+(k+1)}{\left[\frac{k(k+1)+2(-1)^k}{k(k+1)-2(-1)^k}\right](k+1)+1}\\
&= \frac{k(k+1)+2(-1)^k+\left[k(k+1)-2(-1)^k\right](k+1)}{\left[k(k+1)+2(-1)^k\right](k+1)+k(k+1)-2(-1)^k}\\
&= \frac{k(k+1)(k+2)-2(-1)^kk}{k(k+1)(k+2) + 2(-1)^kk}\\
&= \frac{(k+1)(k+2)+2(-1)^{k+1}}{(k+1)(k+2)-2(-1)^{k+1}}\\
&= RHS
\end{align*}$$
So by induction, for integers $n\ge 2$,
$$\begin{align*}
2 \@3\@\cdots \@n
&= \frac{n(n+1)+2(-1)^n}{n(n+1)-2(-1)^n}
\end{align*}$$
Taking the limit when $n\to \infty$,
$$\begin{align*}
\lim_{n\to\infty}(2 \@3\@\cdots \@n)
&= \lim_{n\to\infty}\frac{n(n+1)+2(-1)^n}{n(n+1)-2(-1)^n}\\
&= \lim_{n\to\infty}\frac{1+\frac{2(-1)^n}{n(n+1)}}{1-\frac{2(-1)^n}{n(n+1)}}\\
&= \frac{1+0}{1-0}\\
&= 1
\end{align*}$$