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 passed $100B in all-time trading volume on October 26, 2026 and is preparing PRIME, a dealer-style RFQ trading venue, with early access and listing plans still to be announced. 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, which has not launched yet, and Nado's API exposes per-wallet INK allocations.