| FEATURE | EVEDEX | NADO |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.035% |
| Maker Fee | 0.015% | 0.01% |
| Max Leverage | 200x | 50x |
| Perp Pairs | 52 | 77 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 3.9 | 3.6 |
EVEDEX vs Nado: key differences
Opening and closing a $10,000 position with market orders costs $7.00 on Nado and $9.00 on EVEDEX at base-tier taker fees, a difference of $2.00 per round trip.
For limit orders, EVEDEX charges makers 0.015%, while Nado charges makers 0.01%.
EVEDEX allows up to 200x leverage against 50x on Nado. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Nado lists 77 perpetual markets, EVEDEX lists 52.
Nado also has spot trading; EVEDEX is perpetuals only.
EVEDEX is the more liquid venue, with $709M in 24-hour volume against $128M on Nado (about 5.5 times more). Deeper books mean less slippage on large orders.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDT on EVEDEX and in USDT0, USDC, wETH, kBTC +2 more on Nado.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| EVEDEX | Nado | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $7.00 |
| Maker round trip on $10,000 | $3.00 | $2.00 |
| Best-tier taker fee | 0.0225% | 0.015% |
| BTC max leverage | 200x | 50x |
| Margin modes | cross | cross, isolated |
| 24h volume | $709M | $128M |
| TVL | $4M | $53M |
| Custody | non-custodial | non-custodial |
| Collateral | USDT | USDT0, USDC, wETH, kBTC +2 more |
| Deposit networks | Arbitrum, Base, Eventum (Arbitrum Orbit L3) +2 more | Ink |
| Minimum order | $5 | $100 |
| Order types | 5 | 8 |
| Options | No | No |
| Mobile app | Yes | No |
| Testnet or demo | Yes | Yes |
| Vaults or copy trading | Yes | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | No |
| Restricted jurisdictions | 6 | 10 |
| Founded | 2024 | 2025 |
Choose EVEDEX if
- You want higher leverage: up to 200x against 50x.
- You trade size and need liquidity: $709M in 24-hour volume against $128M.
- You trade from a phone: EVEDEX has a mobile app.
Choose Nado if
- You mostly use market orders: 0.035% taker fee against 0.045% on EVEDEX.
- You place limit orders: 0.01% maker fee against 0.015% on EVEDEX.
- You trade smaller or newer markets: 77 perpetual pairs against 52.
- You want spot and perpetuals in one account.
- You want to post margin in more than one asset.
EVEDEX
PROS
- + No blockchain gas fees for trading: orders are matched off-chain and settled on the Eventum L3, and the minimum order value is 5 USDT
- + Up to 200x leverage on BTC, ETH and SOL perpetuals, with base fees of 0.045% taker and 0.015% maker on all 52 markets
- + Non-custodial: funds sit in user-controlled smart accounts and settle on-chain, and no KYC is required to trade
CONS
- − Perpetual futures only (52 pairs): spot is listed as coming soon and there are no options markets
- − Only USDT is accepted as collateral and only cross margin is available; isolated margin is still described as planned in the docs
- − TVL is about 3.7 million dollars on DeFiLlama, far below the largest perpetual DEXs, so large positions can face slippage
Nado
PROS
- + Base fees of 0.035% taker and 0.01% maker on perpetual and spot markets, falling to 0.015% taker and a 0.008% maker rebate at VIP 6 (1 billion dollars of 30-day volume)
- + One margin account covers perpetuals, spot, and lending: USDT0, USDC, wETH, kBTC, XAUT0, and tokenized xStocks such as SPYx and QQQx count as collateral, and deposits earn money market interest
- + 77 tradable perpetual markets in the Nado API (October 4, 2026), including US stock and ETF perpetuals such as NVDA, TSLA, SPY, and QQQ, three FX pairs, gold, silver, and WTI oil
CONS
- − The docs and the DeFiLlama listing show no published smart contract audit; the HackenProof bug bounty covers the web app only and pays 50 to 10,000 dollars per finding
- − View-only in the United States and Canada, and blocked in Panama, Belarus, Cuba, Iran, North Korea, Russia, Syria, and Ukraine under the Terms of Use dated August 26, 2026 and the Restricted Territories page
- − Deposits work only on Ink, so funds from Ethereum, Arbitrum, or an exchange must first be bridged or withdrawn to Ink, and each USDT0 withdrawal costs 1 USDT0
Frequently Asked Questions
Is EVEDEX or Nado better?
EVEDEX has a higher rating (3.9 vs 3.6). Nado offers lower fees (0.035% vs 0.045%). Choose EVEDEX for higher leverage, and Nado for lower fees.
What are the fees on EVEDEX vs Nado?
EVEDEX charges 0.045% taker / 0.015% maker. Nado charges 0.035% taker / 0.01% maker for perpetuals.
Which has higher leverage, EVEDEX or Nado?
EVEDEX offers up to 200x, and Nado offers up to 50x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do EVEDEX and Nado require KYC?
EVEDEX does not require KYC. Nado does not require KYC. Both restrict some jurisdictions (EVEDEX lists 6; Nado lists 10), so check the terms of service for your country before depositing.
Is EVEDEX or Nado safer?
EVEDEX has been audited and runs an insurance fund, and custody is non-custodial. Nado has no published audit on record here and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, EVEDEX or Nado?
EVEDEX recorded $709M in 24-hour volume and Nado recorded $128M, as of 2026-10-04. EVEDEX lists 52 perpetual markets and Nado lists 77.