Nado

Perp + Spot

$— · Founded 2026 · nado.xyz ↗

No token yetPre-token

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★★★★★★★★★★

69/100dexwatch score · Fair

Nado is a Perp + Spot on Ink.

ℹ

Status

Nado is the successor of Vertex, whose team moved to Kraken's Ink L2 in late 2025. No third-party audit report is published; a $500K bug bounty runs.

Key metrics

24h volume

$203.9M

7d volume

$2.15B

Total value locked

$50.7M

Open interest

$42.6M

Share of tracked perp volume

1.7%

Market cap

n/a

Maker / taker fee

0.01% / 0.035%

Max leverage

20×

Trading pairs

Snapshot Oct 10, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.

Overview

Nado is a perp + spot that runs on Ink. It handles roughly $203.9M in 24-hour volume with $50.7M in total value locked, charging a taker fee of 0.035% and offering up to 20× leverage. Founded in 2026.

A detailed editorial pros & cons breakdown, security score and audit history for Nado are not available yet — the figures above come from public trackers and the venue's own API where available. We add full profiles over time.

Security

No published security score or audit list is available for Nado in our dataset yet.

AuditsNot available

At a glance

ChainsInk

IncentivesSeason 1 points (pre-token)

TypePerp + Spot

BackersInk Foundation (Kraken ecosystem); built by the former Vertex team

Made your choice?

Start trading on Nado

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

InkPerp + Spot

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Frequently asked about Nado

Is Nado safe to use?

There is no published dexwatch security score or audit list for Nado in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.

What are the trading fees on Nado?

Nado charges a maker fee of 0.01% and a taker fee of 0.035%.

What is the maximum leverage on Nado?

Nado offers up to 20× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Which blockchains does Nado support?

Nado operates on Ink.

Does Nado have a token?

No. Nado has no live token at the time of writing, and runs a points programme instead. Points are not a promise of an airdrop. We do not speculate on future token launches.

Head-to-head comparisons

Build your own →

Nado vs Hyperliquid

Compare with similar venues

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Learn before you trade

Open the Academy →

What are perpetuals & perp DEXes?Module 7 · 7 min read → Leverage risk & liquidationModule 7 · 6 min read → The crypto wallet: your key to the DEXModule 2 · 6 min read → Phishing, fake sites & wallet drainersModule 5 · 7 min read →

Key terms

Perpetuals Funding rate Leverage Liquidation Margin

Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 10, 2026. Spotted an error? Tell us.