Nado

Nado is the all-in-one Central Limit Order Book (CLOB) decentralized exchange built on Ink L2 by the team behind Kraken, one of the world's largest cryptocurrency exchanges. The platform uniquely combines perpetual futures, spot trading, and margin trading under a single unified margin system — the only CLOB DEX to offer unified margin across all three trading types. This allows traders to efficiently manage capital across different positions with dynamic collateral that flows across positions to net risks in real-time. Operating on the Ink L2 network (Kraken's own Layer 2 blockchain), Nado delivers CEX-grade speed with 5-15 millisecond latency while maintaining the security and transparency of DeFi self-custody. The platform integrates TradingView technology for real-time charts, financial news, and advanced analytics across web, desktop, and mobile interfaces. An integrated money market allows users to lend and borrow alongside their trading activities. Nado also features the NLP (Nado Liquidity Provider) mechanism, which allows users to deposit idle USDT funds for automated market-making, earning rewards from market-making activities and liquidation flows. Powered by $INK, Nado represents Kraken's strategic entry into the decentralized exchange space, combining the operational expertise of a major centralized exchange with the principles of decentralized, non-custodial trading.

Nado currently has $58.92M in Total Value Locked (TVL).

Nado processes approximately $153.17M in 24-hour trading volume.