Nado, a perpetual decentralized derivatives exchange (DEX) on Ink, Kraken’s Ethereum Layer 2 network, has broadcast its official non-fungible token ($NFT) collected yesterday for early users.
The collection, called Templars of the Storm, was broadcast to the platform’s top pre-alpha users, who opted to forego a distribution of Ink points to earn the $NFT instead of. The collection’s floor price is currently 0.45 $ETH ($1,200).
Templars of the Storm Floor Award
The collection generated 141 $ETH ($385,000) in trading volume since launch, making it the second most traded $NFT collection from the last 24 hours, trailing only Pudgy Penguins with 250 $ETH.
Ink points are distributed to dApps and then to users, and can be exchanged for $INK tokens during the blockchain’s token generation event (TGE).
Ink is currently one of the fastest growing blockchain ecosystems in the decentralized finance (DeFi) world, with its total value doubling since late November to a record high of $570 million on January 15.
Following the launch of the Nado NFTs, the platform today started Open Beta Season 1, rewarding users for liquidity provision and trading activities with point multipliers and fee reduction levels assigned to $NFT holders.
While users have been eager to trade and collect Templars of the Storm, Nado remains outside the top 10 offender DEXs in terms of 24-hour volume, with just $828 million in volume handled in the past day, while the industry’s main exchange, Hyperliquid, recorded $14.5 billion.