Nado is a decentralized perpetual futures exchange on Ink. Trading model: Order book. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.
Open interest$41.87M#22 of 91 · 0.3% share
Volume · 24h$431.57MRolling 24h · CoinGecko
Fees · 30d$1.67M+20.3% vs prior 30d
OI · 30d change+12.1%Daily average vs prior 30 days
Yes; any discount for the referred trader is set by the referrer source ↗access is invite-code only
From Nado’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
IS IT GROWING?
Nado trend: Stable
0 metric(s) up, 0 down, 2 without a material change. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #22 now · #20 30 days ago · #18 90 days ago (among venues reporting that day)
Metric
30 days
90 days
Coverage
Reading
Open interest
+12.1%
-21.2%
100%
30-day and 90-day moves disagree
User fees
+20.3%
-11.4%
100%
No material change
Trading volume
—
—
2%
Not enough daily history yet
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
HISTORY
Activity over time
Open interest · daily
DefiLlama daily open interest · 180 days · 11 Apr 2026 – 07 Oct 2026
$41.87M
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 180 days · 11 Apr 2026 – 07 Oct 2026
$74.24K
Gaps are not joined. The scale starts near the series minimum, not at zero.
24h volume · daily capture
CoinGecko rolling 24h volume, one capture per UTC day
Daily volume history started on 8 October 2026; the chart appears after the second daily capture.
Nado is a vertically-integrated decentralized exchange for spot and perpetual futures, featuring an off-chain sequencer and on-chain settlement on Ink. The platform delivers a high-performance CLOB experience where trades execute in milliseconds, with deep liquidity powered in part by the NLP (Nado Liquidity Provider) vault.
Nado had $41.87M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #22 of 91 perp DEXs we track by open interest. That is 0.3% of the combined open interest of the tracked venues.
How much volume does Nado trade per day?
CoinGecko reported $431.57M of rolling 24-hour volume for Nado on 08 Oct 2026 · 12:16 UTC. Venue-reported volume is not independently audited.
How much do traders pay in fees on Nado?
Traders paid $1.67M in fees over the last 30 days according to DefiLlama, +20.3% compared with the previous 30 days.
Is Nado growing?
Our current reading is “Stable”. Average open interest over the last 30 days changed +12.1% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.
Does Nado have a token?
We have not verified a tradable Nado token. Beware of look-alike tokens using the name.
What are Nado’s trading fees?
Taker 0.035% · maker 0.01% at the base tier, according to Nado’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on Nado?
Up to 40× on some markets, according to Nado’s documentation. Most markets allow less.
Does Nado have a referral program?
Yes; any discount for the referred trader is set by the referrer.
DefiLlama oi history for listing “nado-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256 5767b0cb2ad3e24d…
DefiLlama fees history for listing “nado-perps”, fetched 08 Oct 2026 · 12:17 UTC, SHA-256 a82d7434f0de566e…
CoinGecko derivatives exchange id(s): nado
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗
