Orca

ORCA#297DeFi DEX Solana

Confirm official data

$1.47

+9.67%past year

Code is quiet, $6.55M in fees this month, sources agree.

Code

Only 19 commits in 90 days, 5 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 3, 2026
Last release: Jan 3, 2025

orca-so · official site, CoinGecko

Usage

$6.55M in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 3Nov 4

Revenue, 30d: $852K
TVL: $286M

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$1.44$1.44Agree

Supply60.8M60.8MAgree

Mcap$87.5M$87.4MAgree

Volume$7.92M$11.2M×1.41

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $87.5M of $108M is real

Selling everything at 2% a day would take 76 days.

Paper (all tokens)$108M

Market cap$87.5M

Real$87.5M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price.

$4.82M of the $7.39M reported is carried by the books (65%)

Reported by venues$7.39M

Carried by the books$4.82M

Not carried by their book: LBank (11× the norm), Hadron (19× the norm), Bitkub (39× the norm). A day of honest trading passes through a book a bounded number of times its 2% depth; the norm is the median on large venues. Large venues set the norm and count in full; on the rest, volume past three times the norm is not counted. Depth is what venues report; DEX pools are checked apart.

Where it lives

No unknown copies under its ticker

Home contract: Solana orcaEK…ktZE

HomeSolanaOrca orcaEK…ktZE$222K

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$5.09M in open futures, 5.8% of the market cap

Closing them all by force would take 4.4 days of 2% sell depth.

Funding, 8h: +0.005% · longs pay shorts
Futures volume: $6.32M · 0.8× the spot volume · open interest turned over 1.2×
Venues: Bybit, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

On-chain