Orca logo

Orca

ORCA

Price
$1.00
8/16/2022, 3:44:25 AM
diamondHands

Trade Orca today

Create a Coinbase account to buy and sell Orca on the most secure crypto exchange.

Market

Market stats

Market cap

-

Volume (24h)

$4.2M

Circulating supply

-

Typical hold time

14 days

Popularity

#210

All time high

$22.30

Price change (1h)

-0.06%

Price change (24h)

-1.03%

Price change (7d)

+1.41%

Trading activity

85% Buy0% Buy
15% Sell100% Sell

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Orca is on the rise this week.

The price of Orca has risen by 1.41% in the past 7 days. The price declined by 1.03% in the last 24 hours. In just the past hour, the price shrunk by 0.06%. The current price is $1.0004 per ORCA. Orca is 95.51% below the all time high of $22.30.

The current circulating supply is 0 ORCA.

About

ORCA is a Solana token that governs the Orca decentralized exchange. Orca aims to enable low-fee, near-instant token swaps using an automated market maker (AMM) model. On the exchange, users supply tokens to “liquidity pools” and algorithms set market prices based on supply and demand. ORCA can be used to vote on the future of the protocol.

What Is Orca (ORCA)?

Orca is a platform for cryptocurrency exchange on Solana. Solana is a decentralized blockchain designed to provide the world with scalable, user-friendly applications. The Orca platform allows users to trade tokens with lower transaction fees and latency. Users can also earn a part of trading fees by providing liquidity to the trading pool. 

ORCA is the platform's utility and governance token. The platform intends to deprecate existing liquidity pools, which pay a flat 0.3 percent to liquidity providers, and establish new pools with lower fees structure. The collected fees are used to fund development, regulate the token supply via buy-backs, and support other activities that maintain the Orca protocol. Orca’s primary goal is to gradually decentralize the protocol by distributing ORCA to liquidity providers via yield farming. Yield farming is a DeFi investing method. It entails lending or staking cryptocurrencies or tokens in exchange for transaction fees or interest. The Orca Treasury is a decentralized autonomous organization (DAO) that binds the ORCA token value to the platform. DAO is a developer-created organization that automates decisions and makes cryptocurrency transactions easier. 

According to its whitepaper, the platform aims at designing for people rather than programs. The network intends to make trading on Solana easier and more human-centered. Defi users have found it challenging to recognize whether a given pool is currently offering a fair price or not. Orca's Fair Price Indicator helps save the time-consuming comparison with trackers or other exchanges. When users enter a trade on Orca, the platform checks to see if both of the following criteria are met:

  • The Slippage is less than or equal to the tolerance setting (defaults to 1 percent ).

  • The rate is within 1 percent of the reported market rate. 

Since most Ethereum AMMs don't provide a mechanism to verify balances without using a browser extension, there's a Tokens panel included within Orca. Users can check the balances of all tokens listed on the platform and live updates when a trade is made or liquidity is provided.

History Of Orca (ORCA)

As per the whitepaper, Yutaro Mori and Grace Kwan co-founded the Orca platform in 2021. Yutaro is a software developer with experience in the sector who is attracted by both cryptography and economics. Kwan has expertise in engineering, design, and writing, and she specializes in transforming complex technical systems into user-friendly products. The total supply of Orca token stands at one hundred million ORCA.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Orca in market cap.

Social

Orca on social media.

Orca was mentioned in 5 out of 1,640,398 social media posts on Twitter and Reddit on Aug 14, 2022. 6 unique individuals are talking about Orca and it is ranked #1,430 in most mentions and activity from collected posts.

Powered by LunarCrush

Key indicators

Contributors

6 people

Posts

5 posts

Dominance

0%

Volume rank

#1,430

Powered by LunarCrush

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article