Ink-based Perp DEX Nado Airdrops Official NFT Collection

Nado, a perpetual derivatives decentralized exchange (DEX) on Ink, Krakens 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 platforms 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).

Templars of the Storm Floor Price

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 blockchains 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 sectors leading exchange, Hyperliquid, recorded $14.5 billion.