What is the current price of Orca?
The current price of Orca is $2.04 with a 3.02% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Orca is a decentralized exchange and automated market maker on Solana where users swap tokens and provide liquidity without an intermediary. Its core product, Whirlpools, is a concentrated liquidity market maker that lets a liquidity provider commit capital to a chosen price range instead of spreading it across every possible price. Orca is also widely used as infrastructure, with other Solana applications routing swaps and reading pool data through its programs and SDKs. ORCA is the protocol's governance token.
Official resources:
Orca was co-founded by Yutaro Mori and Ori Kwan and launched in February 2021 as one of the first general-purpose automated market makers on Solana. The pair had started in 2020 building a friendlier interface for Ethereum lending, found the gas costs prohibitive, and moved to Solana, where they received an early Solana Foundation grant to build the ecosystem's first pure AMM-based exchange. The founding pitch was usability rather than novelty: show real balances and rates in the interface, keep slippage visible, and make liquidity provision approachable for people who were not professional market makers. Whirlpools, the concentrated liquidity design that Orca is now best known for, arrived later as the protocol matured. Governance today runs through the Orca DAO.
A Whirlpool holds two tokens and a price. Liquidity providers deposit into a specific price range, and their capital only earns fees while the pool's price sits inside that range. Concentrating capital this way makes each deposited dollar deeper at the prices that actually matter, which reduces slippage for traders, at the cost of requiring the provider to think about where the price will go. Positions are represented as on-chain tokens, so they can be transferred and used by other programs.
The protocol offers a range of fee tiers, documented from 0.01% for stable pairs up to 2% for exotic pairs, so a pool's fee can match its volatility. For people who do not want to manage ranges, Splash Pools provide a simplified full-range position at a single fee tier, which behaves more like a classic constant-product pool. Swaps execute against the ticks holding liquidity around the active price tick, and fees accrue to the positions that were in range when the trade happened.
ORCA is a governance token. Holders stake it to receive xORCA, and the documentation describes the mechanism plainly: "The amount of xORCA you hold stays the same, but each xORCA becomes redeemable for more ORCA over time." Value accrues because a share of protocol fees is used to buy ORCA on the market and add it to the vault backing xORCA. The docs state that of the 12% protocol share of trading fees, 40% funds those buybacks for xORCA holders and 60% goes to the Orca fee treasury for development, grants and operations. Unstaking has a seven-day waiting period, and xORCA itself remains transferable and usable elsewhere in DeFi.
On supply, the documentation describes a fixed total of 75 million ORCA on Solana following a community-approved burn of a quarter of the original allocation, with governance able to direct treasury holdings toward burns, staking rewards or ecosystem grants.
Orca's distinguishing choice has been to treat the liquidity provider experience as a product problem rather than a purely financial one. Concentrated liquidity is difficult to use well, and Orca has consistently invested in making range selection, position monitoring and fee harvesting legible, including a beginner path through full-range positions. The second distinguishing trait is how deeply its programs are embedded in other Solana applications. Aggregators, wallets and launch tools call Orca's pools directly, so a meaningful share of its volume arrives through integrations rather than its own interface.
On Solana, Raydium historically tied liquidity to an order book and is closely associated with token launches, while Meteora emphasizes dynamic and adaptive liquidity structures, and Jupiter operates primarily as an aggregator routing across all of them rather than as a venue itself. Orca's position is that of a focused concentrated liquidity venue with an unusually developer-friendly surface. Compared with Uniswap, whose v3 design pioneered concentrated liquidity on Ethereum, Orca implements the same broad idea under Solana's account model and parallel execution, which changes the engineering substantially even where the financial concept is shared.
Orca's programs are open source and have been reviewed repeatedly. The documentation lists Whirlpools audits by Sec3 in 2022, 2025 and 2026, OtterSec in 2024, Neodyme in 2022 and Kudelski in 2022, with the Wavebreak program audited by Sec3 in 2025. The protocol runs an active bug bounty on Immunefi. Underlying settlement security comes from Solana itself, since Orca is a set of on-chain programs rather than a separate chain. Positions and deposits stay in user-controlled accounts and program-owned vaults rather than with a custodian.
Concentrated liquidity magnifies impermanent loss. A position that goes out of range stops earning fees and ends up entirely in the weaker asset, and this is a normal outcome rather than a malfunction. Smart contract risk persists despite repeated audits. Orca depends on Solana's availability and performance, so network-level congestion or outages affect it directly. The fee split and buyback mechanics are governance parameters and can be changed by vote. Orca has also wound down deployments before, retiring its Eclipse interface in March 2026 with a withdrawal-only tool left in place, which is a reminder that supported venues can change. Access is restricted in some jurisdictions.
Orca is one of the pieces of Solana infrastructure that other things are built on. Concentrated liquidity is what allows a chain to quote tight prices without enormous total value locked, and Orca brought that capability to Solana with tooling that other teams could actually integrate. Its buyback-backed staking design is also a concrete example of a decentralized exchange routing real trading revenue to token holders through a transparent on-chain mechanism rather than through discretionary emissions.
ORCA trades on major centralized exchanges and on Solana decentralized exchanges, including Orca itself and aggregators that route across Solana venues. The token is a Solana SPL token, so a purchase on a centralized venue must be withdrawn to a Solana address. Verify the mint address against the official documentation before swapping on-chain, since impostor tokens using the same ticker are trivial to create on any chain.
Any Solana wallet can hold ORCA, and a hardware wallet paired with a Solana-compatible interface is the appropriate choice for balances you intend to hold. Staking converts ORCA into xORCA held in the protocol's staking program, which means accepting contract risk and the seven-day unstaking delay in exchange for the buyback-driven accrual and governance rights. Liquidity positions are separate: they live as tokenized positions tied to a specific pool and range, and their value tracks the underlying pair rather than ORCA. Leaving tokens on an exchange means the exchange holds them and you cannot stake or vote.
Track Orca live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Orca on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Orca with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Orca with real money.
Read the complete paper trading guideThe current price of Orca is $2.04 with a 3.02% change in the last 24 hours.
The daily trading volume is $3,655,613 representing a 21.34% change in the past 24 hours.
The market capitalization of Orca is $124,286,322, ranking #196 globally.
The fully diluted valuation (FDV) of Orca is $204,422,531, calculated assuming the maximum supply of 100,000,000 ORCA is in circulation.
Circulating: 60,798,739. Total: 74,999,508. Max: 100,000,000.
In the last 24 hours, Orca traded between a low of $1.99 and a high of $2.19.
ORCA/USDTTether USDT2.04 USDT
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Orca and Loopscale unite as Formation, targeting financing for AI, energy, robotics and defense.
The agreement covers a proof-of-concept for the issuance and distribution of a Korean won-denominated tokenized fund.
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The launch comes as crypto companies increasingly focus on tokenizing traditional financial assets, a market many in the industry see as a major growth opportunity.
