Nado DEX (N/A)

What is Nado DEX ? 🧐

Nado is a DEX that functions as a high-speed trading hub on the Ink L2 blockchain. Built by the team working on Kraken, it aims to deliver a near-CEX trading experience and transaction execution speed while in a fully non-custodial manner. 

The platform implements a CLOB (central limit order book) technology stack to achieve reduced slippage and improved price discovery for large orders. This allows traders to place precise limit orders and interact with a professional-grade matching engine. As a result, the Nado Ink DEX team candeliver the following features:

• Nado Perps trading diversity on Ink: Nado exchange offers 30+ crypto and TradFi pairs for trading on spot and perpetuals with up to 20x leverage via isolated or cross margin.
• NLP vault: A native Nado liquidity pool that supports operations of perpetual trading on the platform. Users are able to deposit assets in NLP to earn passive yield from protocol trading activities and liquidations. The funds deposited into the pool can be used as an corretural for trading.
• A sub-20ms execution: Off-Chain Sequencer, a sub-20ms execution time to ensure that trades are filled at the intended price without network congestion delays;

Read more about the technology stack and features in its official documentation.

🪙Nado token: As of February 2026, the project hasn’t disclosed any info on the release of its native token or Nado airdrop yet. However, the platform tracks user engagement through a Nado points system, which recognises active traders and liquidity providers for their contribution to market depth. 
 

While specific tokenomics remain internal, the current points model is a primary mechanism for users to qualify for a future Nado airdrop based on their activity levels. Considering this info, the CoinLaunch team conducted an overview of the project and found some of its pros and cons: 
 

✅ Nado Pros:

• More than 50M$ TVL and 4M$+ revenue for Q1 2026 tracked by Defillama.
• 2000+ daily Active Users referring to Dune;
• Project claims to be developed and backed by Kraken - leading crypto exchange with a huge raise (922M$) and an experienced Web3 builders team;
• Strong market fit within the growing Nado ecosystem.
   

❌ Nado Cons:

• Below-average Digital Marketing score;
• No security audits found;
• No top-tier partnerships have been publicly announced by the project; 
• Restricted regions (Belarus, Cuba, Iran, North Korea, Russia, Ukraine) and view-only regions (Canada, United States of America)