What’s This Buzz About Nado?

So, gather ‘round crypto enthusiasts! Yesterday, Nado, the cool cat of perpetual derivatives decentralized exchanges (DEX) on Ink, decided to sprinkle a little magic dust and airdrop its official NFT collection to all you early birds. Yep, it happened!

Meet the Templars of the Storm

This fabulous collection, aptly named the Templars of the Storm, was bestowed upon the top users who jumped into the pre-alpha phase. Instead of the usual Ink points (oh, so valuable!), these lucky ducks opted for NFTs instead. Smart move? We think so!

What’s It Worth, You Ask?

Hold onto your wallets, folks, because the floor price for these NFT beauties is sitting pretty at 0.45 ETH, which is about $1,200. I can hear you gasping from here! Just wait, there’s more!

Trading Volume Galore!

Since their grand debut, Templars of the Storm have conjured a scare-your-pants-off trading volume of 141 ETH (a whopping $385,000). That’s right, these little gems are the second hottest trading collection in the game right now, only being outshined by the ever-popular Pudgy Penguins, who managed to snag 250 ETH. Think you can keep up?

Ink Points and Tokens!

Now, let’s talk Ink points. These are handed out to decentralized applications (dApps) and then thrown at users like confetti at a party! Once the blockchain’s token generation event (TGE) rolls around, those points will morph into $INK tokens. Who doesn’t love a good transformation story?

Why Is Everyone Talking About Nado?

Well, Nado isn’t just teasing NFTs—it’s also riding the wave as one of the most rapidly expanding ecosystems in decentralized finance (DeFi). Their total value locked doubled since late November, smashing through to an all-time high of $570 million by Jan. 15! Talk about a glow-up!

The Fun Doesn’t Stop!

After the NFT launch, Nado kicked off Open Beta Season 1 today! They’re rolling out the red carpet for users, showering them with point multipliers and fee-reduction perks if you’re lucky enough to hold one of those nifty NFTs.

How’s the Trading Landscape Looking?

While everyone’s buzzing about trading and snagging those Templars of the Storm, Nado still has a bit of ground to cover. They’ve processed $828 million in the last day, which might sound like a lot, but it keeps them outside the top 10 perpetual DEXs. By comparison, Hyperliquid is flexing hard with a jaw-dropping $14.5 billion. No pressure, Nado!