Perp DEX volume share, live 24h notional ranked
TradingAster
Leads$586.57M
- p99
- $906.49M
- rank
- #4
- samples
- 2,880
Nado
Trails$69.85M
- p99
- $141.22M
- rank
- #16
- samples
- 2,880
24h perp volume
Astern/aNadon/a
Aster vs Nado
Aster leads on all 3 live benchmarks. Aster wins on Perp DEX volume share, live 24h notional ranked ($586.57M vs $69.85M), Most tradable markets on a perp DEX, live count per venue (596 vs 71), Perp DEX volume to open interest (0.531x vs 0.803x). Data as of 2026-10-11 UTC.
Aster
Aster is a decentralized perps exchange (ex-ApolloX, backed by YZi Labs) on BNB Chain and other EVM networks, with a Binance-compatible API and 8 hour funding periods.
Nado
Nado is an orderbook perpetuals DEX on Ink, the Kraken-backed L2, with a central limit orderbook and cross-margin. No token has launched yet.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingAster
Leads596
- p99
- 596
- rank
- #1
- samples
- 2,880
Nado
Trails71
- p99
- 71
- rank
- #16
- samples
- 2,880
Active markets
Astern/aNadon/a
Perp DEX price to fees: what the market pays per dollar of trading fees
Trading| Provider | Fees 30d | Open interest | Fees / OI |
|---|---|---|---|
| Aster | $5.01M | $1.34B | 0.045x |
| Nado | $1.69M | $43.88M | 0.468x |
View
Astern/aNadon/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingAster
Leads0.531x
- p99
- 0.821x
- rank
- #7
- samples
- 2,880
Nado
Trails0.803x
- p99
- 1.623x
- rank
- #10
- samples
- 2,880
Volume / OI (24h)
Astern/aNadon/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
Aster vs Nado: which one is better?
Aster and Nado are compared on 4 shared OpenChainBench benchmarks. Aster leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher 24h perp volume, Aster or Nado?
On the Perp DEX volume share, live 24h notional ranked benchmark, Aster leads at $586.57M versus Nado at $69.85M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Aster vs Nado comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.