Nado crypto exchange is the Perp DEX platform based on Ink L2 and built by Kraken exchange team. This page tracks how activity on the venue changes over time, including total open interest, trading volume, market share and funding across the assets we cover.

The historical chart makes it easier to see whether positioning and trading activity on Nado are expanding or contracting, while the market comparison shows how those changes stack up against the broader perp market. Asset-level data and recent Nado news provide additional context when activity moves sharply.

FAQ

What is Nado DEX?

Nado is a decentralized exchange built for perpetual futures trading. It allows traders to take long and short positions across supported crypto markets while using onchain trading infrastructure rather than a traditional centralized futures exchange.

What are Nado’s open interest and volume?

Open interest shows how much value is currently tied up in active positions, while volume measures how much trading has taken place over a period. Looking at both together gives a better picture of activity than either metric alone.

Which Nado markets are included in the data?

The tracked-assets table shows the markets currently covered by PerpDEX Wars. Nado may support additional markets, so the exchange itself should be used for the complete and current list.

How do funding rates work on Nado?

Funding rates are periodic payments between long and short traders that help keep perpetual contract prices aligned with the underlying market. Their direction and size can also provide context on how traders are positioned on Nado.