Key Metrics
Fees 30d$1.78m
Fees 30d by chain
Ink$1.78m
Fees 7d$394,966
Ink$394,966
Fees 24h$47,843
Ink$47,843
Cumulative Fees$21.39m
Ink$21.39m
Revenue 30d$845,455
Revenue 30d by chain
Ink$845,455
Revenue 7d$193,363
Ink$193,363
Revenue 24h$23,653
Ink$23,653
Cumulative Revenue$14.69m
Ink$14.69m
Perp Volume 30d$10.374b
Perp Volume 30d by chain
Ink$10.374b
Perp Volume 7d$2.258b
Ink$2.258b
Perp Volume 24h$274.37m
Ink$274.37m
Cumulative Perp Volume$100.144b
Ink$100.144b
Liquidation Volume 30d$8.66m
Liquidation Volume 30d by chain
Ink$8.66m
Liquidation Volume 7d$1.18m
Ink$1.18m
Liquidation Volume 24h$114,539
Ink$114,539
Cumulative Liquidation Volume$35.68m
Ink$35.68m
Open Interest$39.41m
Protocol Information
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.
Methodology
Fees: perp trading fees paid by usersView code on GitHubRevenue: trading fees minus maker rebates; goes to the protocol treasuryView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubLiquidation Volume: Total USD notional of liquidated positions, from the `amountQuote` field of ClearingHouse `Liquidation` events.View code on GitHubCompetitors
Nado Perps history
Fees and revenue by UTC calendar month, Nov 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Nov 2025 | $395,502 | $312,265 |
| Dec 2025 | $2.56m | $1.87m |
| Jan 2026 | $3.99m | $3.09m |
| Feb 2026 | $2.71m | $1.88m |
| Mar 2026 | $2.2m | $1.54m |
| Apr 2026 | $1.49m | $1.07m |
| May 2026 | $1.64m | $1.2m |
| Jun 2026 | $1.3m | $854,927 |
| Jul 2026 | $701,687 | $490,736 |
| Aug 2026 | $1.2m | $750,962 |
| Sep 2026 | $1.64m | $877,784 |
| Oct 2026 (to date) | $1.58m | $750,440 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/nado-perps
Frequently asked questions
What chains does Nado Perps operate on?
Nado Perps operates on Ink.
How much has Nado Perps generated in fees and revenue?
Over the past 30 days, Nado Perps generated $1.78m in fees. Of that, $845,455 was protocol revenue. Based on the trailing year, the annualized rate is $22.83m in fees and $15.67m in revenue.
How does Nado Perps' TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Nado Perps ranks #383 by TVL. The category holds $1.973b across 426 protocols, and Nado Perps accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, dYdX V4, Arcus Perps, AZverse Perps, and Papertrade.
How much perpetual futures volume does Nado Perps process?
Nado Perps processed $10.374b in perpetual futures volume over the past 30 days.