Bubble
Orca ORCA
Orca (ORCA) was trading at $1.21, ranked #331 by market cap at $73.53M, with 24h volume of $6.74M.
Data snapshot: 2026-09-02 12:15 UTC.
Orca is a Solana decentralised exchange known for concentrated liquidity and for a deliberately plain interface at a time when most DeFi front-ends were dense with numbers. Providers choose a price range for their capital, which earns far more fees when the price stays inside it and stops earning entirely when it does not — more efficient than older pools, and more work to manage. Orca took the opposite approach from most decentralised exchanges: rather than maximising features, it prioritised a clean interface and made concentrated liquidity approachable for people who are not professional market makers. Its Whirlpools implementation is the main concentrated-liquidity venue on Solana. That focus on usability is a genuine differentiator in a sector where most competition is on incentives, though it also means it captures less of the launch-driven volume that flows to venues built around new listings.
What are Whirlpools?
Orca's concentrated-liquidity pools, where providers choose the price range their capital covers rather than spreading it across all prices.
How is Orca positioned against Raydium?
Orca has emphasised interface quality and a straightforward liquidity experience, while Raydium captures more of the new-token launch flow.
What is ORCA used for?
Governance of the protocol and participation in its incentive programmes.
Does a better interface matter for a DEX token?
It affects which venue retail users default to, which affects fee revenue. It is a real but slower-acting advantage than launch-driven volume.
Market cap decides how big a bubble is drawn, so rank is what places ORCA on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #10 | Hyperliquid (HYPE) | $13.09B |
| #282 | dYdX (DYDX) | $93.37M |
| #306 | 0x Protocol (ZRX) | $81.95M |
| #331 | Orca (ORCA) | $73.53M |
| #337 | CoW Protocol (COW) | $72.34M |