Ink-based Perp DEX Nado Airdrops Official NFT Collection

Nado, a perpetual derivatives decentralized exchange (DEX) on Ink, Kraken’s Ethereum Layer 2 network, airdropped its official non-fungible token (NFT) collection to early users yesterday.

Dubbed Templars of the Storm, the collection was airdropped to the platform’s top pre-alpha phase users who chose to forgo a distribution of Ink points to receive the NFT instead. The floor price of the collection is currently 0.45 ETH ($1,200).

The collection has generated 141 ETH ($385,000) in trading volume since its launch, making it the second most traded NFT collection over the last 24 hours, trailing only Pudgy Penguins at 250 ETH.

Ink points are distributed to dApps, and then to users, and will be redeemable for $INK tokens upon the blockchain’s token generation event (TGE).

Ink is currently one of the fastest-growing blockchain ecosystems in decentralized finance (DeFi), with its total value locked doubling since the end of November to an all-time high of $570 million on Jan. 15.

Following the launch of the Nado NFTs, the platform began Open Beta Season 1 today, rewarding users for liquidity provision and trading activity with point multipliers and fee-reduction tiers assigned to NFT holders.

While users have been keen to trade and collect the Templars of the Storm, Nado remains outside the top 10 perp DEXs by 24-hour volume, processing just $828 million in volume over the last day, while the sector’s leading exchange, Hyperliquid, recorded $14.5 billion.

Source: https://thedefiant.io/news/nfts-and-web3/ink-based-perp-dex-nado-airdrops-official-nft-collection