The cumulative trading volume on DEX Nado on Ink has exceeded $5 billion.
TL;DR
Kraken's DEX Nado on Ink has surpassed $5 billion in trading volume since November, featuring an order book system and unified margin for spot and perpetual trading, with an NLP mechanism for earning rewards from idle funds.
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According to Foresight News , Kraken's DEX Nado, launched on Ink, has accumulated over $5 billion in trading volume since its internal testing in November. Nado uses an order book matching system and supports a unified margin mechanism for spot and perpetual trading, consolidating cash, spot assets, and unrealized profits and losses into a single pool of collateral. Furthermore, the NLP mechanism allows users to deposit idle funds in USDT0 for market making and earn rewards from market making and clearing flows; this position can be used as collateral for further trading.