Key Metrics
Fees 30d$1.79m
Fees 30d by chain
Ink$1.79m
Fees 7d$479,526
Ink$479,526
Fees 24h$67,036
Ink$67,036
Cumulative Fees$21.07m
Ink$21.07m
Revenue 30d$861,425
Revenue 30d by chain
Ink$861,425
Revenue 7d$215,462
Ink$215,462
Revenue 24h$31,953
Ink$31,953
Cumulative Revenue$14.52m
Ink$14.52m
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$576,680
Ink$576,680
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.
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) | $1.25m | $589,030 |
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 $1.79m in fees. Of that, $861,425 was protocol revenue. Based on the trailing year, the annualized rate is $22.88m in fees and $15.78m 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 $1.996b across 425 protocols, and Nado Perps accounts for 0% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, Lighter LLP, dYdX V4, Arcus Perps, AZverse Perps, and Papertrade.
How much perpetual futures volume does Nado Perps process?
Nado Perps processed $10.32b in perpetual futures volume over the past 30 days.