Ask about Nado · freeTotal Value Locked$51.03m
TVL by Chain
Ink$51.03m
Key Metrics
Fees 30d$1.79m
Fees 30d by chain
Ink$1.79m
Fees 7d$480,420
Ink$480,420
Fees 24h$67,484
Ink$67,484
Cumulative Fees$21.12m
Ink$21.12m
Revenue 30d$864,242
Revenue 30d by chain
Ink$864,242
Revenue 7d$216,212
Ink$216,212
Revenue 24h$32,305
Ink$32,305
Cumulative Revenue$14.57m
Ink$14.57m
DEX Volume 30d$12.04m
DEX Volume 30d by chain
Ink$12.04m
DEX Volume 7d$3.34m
Ink$3.34m
DEX Volume 24h$1.54m
Ink$1.54m
Cumulative DEX Volume$357.56m
Ink$357.56m
Perp Volume 30d$10.32b
Perp Volume 30d by chain
Ink$10.32b
Perp Volume 7d$2.853b
Ink$2.853b
Perp Volume 24h$385.16m
Ink$385.16m
Cumulative Perp Volume$98.271b
Ink$98.271b
Liquidation Volume 30d$10.25m
Liquidation Volume 30d by chain
Ink$10.25m
Liquidation Volume 7d$1.37m
Ink$1.37m
Liquidation Volume 24h$36,446
Ink$36,446
Cumulative Liquidation Volume$35.11m
Ink$35.11m
Open Interest$41.75m
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.
- Nado SpotDexs
- Nado PerpsDerivatives
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Liquidation Volume: USD value of positions liquidated by the protocol
Nado history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Nov 17, 2025 to Oct 22, 2026.
All-time high TVL: $62.65m on Apr 16, 2026. All-time low TVL: $1.05m on Nov 18, 2025.
Daily TVL, Sep 23, 2026 to Oct 22, 2026
| Date | TVL |
|---|---|
| Sep 23, 2026 | $54.36m |
| Sep 24, 2026 | $53.88m |
| Sep 25, 2026 | $53.54m |
| Sep 26, 2026 | $54.37m |
| Sep 27, 2026 | $54.16m |
| 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 |
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 22, 2026 (latest) | $51.97m |
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 | $4.01m | $3.1m |
| Feb 2026 | $2.72m | $1.89m |
| Mar 2026 | $2.2m | $1.54m |
| Apr 2026 | $1.49m | $1.07m |
| May 2026 | $1.64m | $1.2m |
| Jun 2026 | $1.31m | $856,825 |
| Jul 2026 | $703,141 | $491,960 |
| Aug 2026 | $1.2m | $753,696 |
| Sep 2026 | $1.64m | $880,115 |
| Oct 2026 (to date) | $1.26m | $591,273 |
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
Frequently asked questions
What is Nado's TVL?
As of Oct 22, 2026, Nado has $51.03m in total value locked. TVL has decreased 5.1% over the past 30 days.
How much has Nado generated in fees and revenue?
Over the past 30 days, Nado generated $1.79m in fees. Of that, $864,242 was protocol revenue. Based on the trailing year, the annualized rate is $22.95m in fees and $15.83m in revenue.
Which protocols are included in Nado?
Nado is a parent protocol whose tracked products include Nado Spot and Nado Perps.
How much trading volume does Nado process?
Nado processed $12.04m in DEX volume over the past 30 days.