Authoritative cryptocurrency navigation to safely master BTC, ETH and other mainstream digital assets.

Orca

https://www.orca.so

About Orca

What is Orca?

Orca describes itself as "the simplest, fastest, and easiest to use cryptocurrency exchange on the Solana blockchain". As the first automated market maker (AMM) to launch on Solana, the decentralized exchange (DEX) has its own liquidity pool. It allows users to exchange assets, participate in liquidity mining and provide liquidity. The platform takes advantage of Solana's fast trading and low fees. On the one hand, users can trade tokens with low fees. On the other hand, they can provide centralized liquidity to the platform , to earn a share of the profits from transaction fees.

Who are the founders of Orca?

Orca was co-founded by Grace Kwan and Yutaro Mori. kwan, aka Ori, is a user experience designer. She graduated from Stanford University with a B.S. and M.S. in computer science, then worked as a software engineer at Coursera and as a designer at IDEO. Yurato is the creator of Orca's core AMM. He has been active in the cryptocurrency space at the Ether Foundation since 2017. Prior to his involvement in Solana, he worked on the Eth2 Go client and Layer 2 (second layer) solutions.

When did Orca launch?

The project was launched in February 2021 and is not backed by external funding. As of September 2021, the agreement has a total locked-in value (TVL) of over $300 million and transaction volume of over $700 million.

Where is Orca located?

It is located in New York, USA.

Countries with Restricted Use of Orca

While Orca's Terms of Use Agreement does not specifically identify any country as a country with restricted use of its services, the company still recommends that users follow the regulatory requirements of any applicable law that prohibits them from using the platform in that region.

What coins does Orca support?

The decentralized exchange supports over 200 markets, with the most popular pairs being SOL/USDC, SOL/STSOL, and SOL/MSOL.

What are the fees for Orca?

Its trading fees depend on AMM routing. The platform's fee structure is as follows: stable whirlpool - 0.01%, whirlpool - 0.2%, stable pool - 0.07%, pool - 0.3%. For a "double-hop trade" like SOL to USDT and then to ETH, the user pays a 0.3% fee for the SOL to USDT trade and then a 0.3% fee for the USDT to ETH trade.

Can I use leverage or margin trading on Orca?

The decentralized exchange does not support margin trading.