| FEATURE | NADO | STANDX |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.035% | 0.04% |
| Maker Fee | 0.01% | 0.01% |
| Max Leverage | 50x | 40x |
| Perp Pairs | 77 | 13 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 3.6 | 3.5 |
Nado vs StandX: key differences
Opening and closing a $10,000 position with market orders costs $7.00 on Nado and $8.00 on StandX at base-tier taker fees, a difference of $1.00 per round trip.
Nado allows up to 50x leverage against 40x on StandX. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
Nado lists 77 perpetual markets, StandX lists 13.
Nado also has spot trading; StandX is perpetuals only.
StandX is the more liquid venue, with $322M in 24-hour volume against $128M on Nado (about 2.5 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 USDT0, USDC, wETH, kBTC +2 more on Nado and in DUSD on StandX.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| Nado | StandX | |
|---|---|---|
| Taker round trip on $10,000 | $7.00 | $8.00 |
| Maker round trip on $10,000 | $2.00 | $2.00 |
| Best-tier taker fee | 0.015% | 0.04% |
| BTC max leverage | 50x | 40x |
| Margin modes | cross, isolated | cross, isolated |
| 24h volume | $128M | $322M |
| TVL | $53M | $26M |
| Custody | non-custodial | hybrid |
| Collateral | USDT0, USDC, wETH, kBTC +2 more | DUSD |
| Deposit networks | Ink | BNB Chain, Solana |
| Minimum order | $100 | — |
| Order types | 8 | 7 |
| Options | No | No |
| Mobile app | No | No |
| Testnet or demo | Yes | No |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | No | Yes |
| Restricted jurisdictions | 10 | 35 |
| Founded | 2025 | 2024 |
Choose Nado if
- You mostly use market orders: 0.035% taker fee against 0.04% on StandX.
- You want higher leverage: up to 50x against 40x.
- You trade smaller or newer markets: 77 perpetual pairs against 13.
- You want spot and perpetuals in one account.
- You want to post margin in more than one asset.
Choose StandX if
- You trade size and need liquidity: $322M in 24-hour volume against $128M.
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
StandX
PROS
- + Flat fees of 0.01% maker and 0.04% taker on all 13 markets, confirmed by both the StandX fee page and the public API
- + Margin is held in DUSD, which earns yield from staking and funding payments while it sits in the Perps Wallet, with no staking step
- + Up to 40x leverage on BTC, ETH, gold (XAU), silver (XAG), and crude oil (CL), with cross and isolated margin modes
CONS
- − Only 13 perpetual markets as of October 4, 2026, and no spot trading
- − DUSD is the only collateral, and redeeming it for USDT or USDC through StandX has a 7-day lock and a protocol fee; the faster exit is a swap on PancakeSwap or Raydium at the market price
- − 24-hour volume of about 322 million dollars against open interest of about 44 million dollars (CoinGecko, October 4, 2026) is a ratio above 7 to 1 while a points program rewards trading, and the StandX docs still cite roughly 700 million dollars of daily volume
Frequently Asked Questions
Is Nado or StandX better?
Nado has a higher rating (3.6 vs 3.5). Nado offers lower fees (0.035% vs 0.04%). Choose Nado for lower fees, and StandX for its features.
What are the fees on Nado vs StandX?
Nado charges 0.035% taker / 0.01% maker. StandX charges 0.04% taker / 0.01% maker for perpetuals.
Which has higher leverage, Nado or StandX?
Nado offers up to 50x, and StandX offers up to 40x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do Nado and StandX require KYC?
Nado does not require KYC. StandX does not require KYC. Both restrict some jurisdictions (Nado lists 10; StandX lists 35), so check the terms of service for your country before depositing.
Is Nado or StandX safer?
Nado has no published audit on record here and runs an insurance fund, and custody is non-custodial. StandX has been audited and runs an insurance fund, and custody is hybrid. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.
Which has more trading volume, Nado or StandX?
Nado recorded $128M in 24-hour volume and StandX recorded $322M, as of 2026-10-04. Nado lists 77 perpetual markets and StandX lists 13.