Total Value Locked$50.73m
TVL by Chain
Ink$50.73m
Key Metrics
Fees 30d$3,007
Fees 30d by chain
Ink$3,007
Fees 7d$876
Ink$876
Fees 24h$41
Ink$41
Cumulative Fees$56,827
Ink$56,827
Revenue 30d$2,724
Revenue 30d by chain
Ink$2,724
Revenue 7d$723
Ink$723
Revenue 24h$36
Ink$36
Cumulative Revenue$47,500
Ink$47,500
DEX Volume 30d$11.63m
DEX Volume 30d by chain
Ink$11.63m
DEX Volume 7d$3.17m
Ink$3.17m
DEX Volume 24h$182,249
Ink$182,249
Cumulative DEX Volume$358.6m
Ink$358.6m
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.
Sub Category: Order Book
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: spot trading fees paid by usersView code on GitHubRevenue: trading fees minus maker rebates; goes to the protocol treasuryView code on GitHubDEX Volume: Volume of all spot token swaps on the DEXView code on GitHubCompetitors
Nado Spot history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 17, 2025 to Oct 27, 2026.
All-time high TVL: $62.65m on Apr 16, 2026. All-time low TVL: $1.05m on Nov 18, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $54.3m |
| Sep 29, 2026 | $53.51m |
| Sep 30, 2026 | $53.43m |
| Oct 1, 2026 | $52.5m |
| Oct 2, 2026 | $52.55m |
| Oct 3, 2026 | $52.39m |
| Oct 4, 2026 | $52.54m |
| Oct 5, 2026 | $52.96m |
| Oct 6, 2026 | $52.81m |
| Oct 7, 2026 | $52.54m |
| Oct 8, 2026 | $51.24m |
| Oct 9, 2026 | $50.59m |
| Oct 10, 2026 | $50.74m |
| Oct 11, 2026 | $51.07m |
| Oct 12, 2026 | $51.36m |
| Oct 13, 2026 | $50.64m |
| Oct 14, 2026 | $51.17m |
| Oct 15, 2026 | $50.89m |
| Oct 16, 2026 | $50.72m |
| Oct 17, 2026 | $50.66m |
| Oct 18, 2026 | $50.7m |
| Oct 19, 2026 | $50.67m |
| Oct 20, 2026 | $50.68m |
| Oct 21, 2026 | $51.2m |
| Oct 22, 2026 | $51.97m |
| Oct 23, 2026 | $51.05m |
| Oct 24, 2026 | $51.1m |
| Oct 25, 2026 | $50.71m |
| Oct 26, 2026 | $50.59m |
| Oct 27, 2026 | $50.66m |
TVL at each month end, Nov 2025 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2025 | $9.33m |
| Dec 31, 2025 | $29.17m |
| Jan 31, 2026 | $49.27m |
| Feb 28, 2026 | $52.99m |
| Mar 31, 2026 | $58.37m |
| Apr 30, 2026 | $55.93m |
| May 31, 2026 | $54.8m |
| Jun 30, 2026 | $48.15m |
| Jul 31, 2026 | $50.45m |
| Aug 31, 2026 | $51.16m |
| Sep 30, 2026 | $53.43m |
| Oct 27, 2026 (latest) | $50.66m |
Fees and revenue by UTC calendar month, Dec 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2025 | $3,276 | $2,543 |
| Jan 2026 | $18,760 | $15,898 |
| Feb 2026 | $8,984 | $7,481 |
| Mar 2026 | $6,343 | $4,993 |
| Apr 2026 | $3,546 | $2,914 |
| May 2026 | $3,604 | $3,002 |
| Jun 2026 | $2,838 | $1,898 |
| Jul 2026 | $1,454 | $1,224 |
| Aug 2026 | $2,813 | $2,734 |
| Sep 2026 | $2,471 | $2,331 |
| Oct 2026 (to date) | $2,738 | $2,482 |
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-spot
Frequently asked questions
What is Nado Spot's TVL?
As of Oct 27, 2026, Nado Spot has $50.73m in total value locked. TVL has decreased 6.3% over the past 30 days.
What chains does Nado Spot operate on?
Nado Spot operates on Ink. Ink holds the largest share at 100%.
How much has Nado Spot generated in fees and revenue?
Over the past 30 days, Nado Spot generated $3,007 in fees. Of that, $2,724 was protocol revenue. Based on the trailing year, the annualized rate is $64,416 in fees and $53,843 in revenue.
How does Nado Spot's TVL compare to similar protocols?
Among Dexs protocols tracked by DefiLlama, Nado Spot ranks #26 by TVL. The category holds $13.507b across 1,923 protocols, and Nado Spot accounts for 0.4% of that total. Similar protocols include Uniswap V3, Uniswap V4, Curve DEX, Uniswap V2, Aero Slipstream, Aero Basic, Velodrome V3, Velodrome V2, DyorSwap AMM, and InkySwap.
How much trading volume does Nado Spot process?
Nado Spot processed $11.63m in DEX volume over the past 30 days.