Nado DEX profile
Editorial record: June 1, 2026
Type
order-book
Swap Fee
0.035%
Trading Pairs
25+
Source status
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Our MethodologyOverview
Nado is an order-book exchange for spot and perpetual futures markets on Ink. The product uses unified margin and includes a liquidity vault, fee tiers, and a points program. Spot and derivatives markets have different risks. Cross-margin and leverage can put more collateral at risk.
Profile summary
Order-book perps and spot DEX on Ink L2 with unified margin and CEX-grade speed
Fees & Costs
| Swap Fee | 0.035% |
| Protocol Fee | 0.01% |
| Gas Estimate | $0.001-$0.05 |
Security & Audits
| Audits | HackenProof (Bug Bounty) |
| Open Source | ✗ No |
| Bug Bounty | ✓ Yes |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✗ No |
Pros & Cons of Nado
Pros of Nado
- ✓Unified margin across spot and perps for better capital efficiency
- ✓CEX-grade matching speed of 5-15 milliseconds
- ✓Backed by Kraken team with Ink L2 chain credibility
- ✓Volume-based fee tiers with maker rebates at higher levels
- ✓Active points program with potential $INK token rewards
Cons of Nado
- ✗Limited to Ink chain only with no cross-chain support
- ✗Closed-source code and no published formal audit reports
- ✗The market list and liquidity may be smaller than at larger perpetual exchanges
Nado is a decentralized exchange for spot and perpetual futures trading built on Ink, Kraken's Layer 2 blockchain. It uses an off-chain sequencer for 5-15ms order matching and on-chain settlement for transparency. You connect an EVM wallet, deposit USDT0 as collateral, and trade perpetual contracts with up to 20x leverage through a unified margin account.
Nado uses volume-based fee tiers. At the entry level, takers pay 0.035% and makers pay 0.01% per trade. Fees decrease with higher 30-day volume. At the elite tier ($5B+ volume), takers pay just 0.015% and makers receive a 0.008% rebate. Gas costs on Ink are minimal, typically under $0.05 per transaction. NFT holders receive additional fee discounts.
Nado is built on Ink, Kraken's Layer 2 chain with Optimistic Rollup security inherited from Ethereum. The platform has a bug bounty program through HackenProof and uses self-custodial design. However, the code is not open source, and no formal audit reports from named firms have been published. Use smaller positions while the platform builds a longer track record.
Nado's unified margin system lets users manage spot and perpetual positions from one collateral pool. Profits from one position can offset losses in another. Nado calculates the liquidation threshold at account level rather than per position. The system can improve capital efficiency and reduce unnecessary liquidations compared with isolated margin.
Nado runs exclusively on Ink, an Ethereum Layer 2 blockchain built by Kraken using the OP Stack (Optimism technology). Ink has chain ID 57073 and uses ETH as its native gas currency. To use Nado, you need to bridge assets to the Ink network. Ink is part of the Optimism Superchain and inherits security from Ethereum mainnet through its Optimistic Rollup design.
Nado does not list a governance token in this data entry. The platform lists a points program and related incentives. Token and reward terms can change. Check official announcements before relying on a future distribution.
Hyperliquid leads in daily volume ($5B+ vs Nado's $400M), pair selection (150+ vs 25), and overall liquidity. Nado's advantages include unified margin (which Hyperliquid lacks), the Kraken/Ink ecosystem credibility, and Superchain interoperability. Hyperliquid has lower entry-tier fees (0.02% taker vs 0.035%). For most traders, Hyperliquid is the safer choice, but Nado offers unique features worth evaluating.
Nado works with any EVM-compatible wallet that supports the Ink network (chain ID 57073). MetaMask is the most commonly used option. You can add the Ink network through ChainList or manually configure it in your wallet settings. Since Ink uses ETH for gas, make sure you have ETH on Ink for transaction fees before trading.
Nado offer details
Check current terms, eligibility, and availability before you use an offer.
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When to skip Nado
Skip Nado if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Market Data
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
