Nado

Unified spot, perps & money markets on Ink

Nado is a unified spot, perps and money-markets DEX built on Ink, Kraken's Ethereum L2, using a central-limit orderbook and unified cross-margin, from members of the Kraken team. It reports strong private-alpha traction with roughly $230M average daily volume. No Nado token has been announced: Season 2 points (open access since May 21, 2026) are tied to the $INK airdrop of Kraken's Ink L2, and Nado's API exposes per-wallet INK allocations.