Perp DEX volume share, live 24h notional ranked
TradingJupiter Perps
Leads$290.60M
- p99
- $353.45M
- rank
- #12
- samples
- 2,876
Nado
Trails$225.80M
- p99
- $434.54M
- rank
- #14
- samples
- 2,876
24h perp volume
Jupiter Perpsn/aNadon/a
Jupiter Perps vs Nado
Jupiter Perps leads on 1 of 3 shared benchmarks, Nado on 2. Jupiter Perps wins on Perp DEX volume share, live 24h notional ranked ($290.60M vs $225.80M). Nado wins on Most tradable markets on a perp DEX, live count per venue (75 vs 3), Perp DEX volume to open interest (2.39x vs 3.21x). Data as of 2026-09-23 UTC.
Jupiter Perps
Solana swap aggregator. REST APIs for quotes, swap routing, price, and token lists across Solana DEXs.
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
TradingJupiter Perps
Trails3
- p99
- 3
- rank
- #22
- samples
- 2,876
Nado
Leads75
- p99
- 75
- rank
- #16
- samples
- 2,876
Active markets
Jupiter Perpsn/aNadon/a
Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live
Trading| Provider | Fees 30d | Revenue 30d | Open interest | Fees / OI |
|---|---|---|---|---|
| Jupiter Perps | $19.33M | $7.09M | $43.49M | 5.41x |
| Nado | $1.58M | $894.5K | $45.03M | 0.428x |
View
Jupiter Perpsn/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
TradingJupiter Perps
Trails3.21x
- p99
- 3.90x
- rank
- #18
- samples
- 2,876
Nado
Leads2.39x
- p99
- 4.61x
- rank
- #13
- samples
- 2,876
Volume / OI (24h)
Jupiter Perpsn/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
Jupiter Perps vs Nado: which one is better?
Jupiter Perps and Nado are compared on 4 shared OpenChainBench benchmarks. Jupiter Perps leads on Perp DEX volume share, live 24h notional ranked. Nado leads on Most tradable markets on a perp DEX, live count per venue. See the live table on this page for every metric.
Which has the higher 24h perp volume, Jupiter Perps or Nado?
On the Perp DEX volume share, live 24h notional ranked benchmark, Jupiter Perps leads at $290.60M versus Nado at $225.80M. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher active markets, Jupiter Perps or Nado?
On the Most tradable markets on a perp DEX, live count per venue benchmark, Nado leads at 75 versus Jupiter Perps at 3. Live measurement is updated continuously by the OpenChainBench harness.
How is the Jupiter Perps 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.