The following is only a personal analysis and does not constitute an investment advice. The lowest price is 4.033u. According to 35 times calculation, the highest is 141u. The current price is 4.989u, and there is still 28 times profit. The market value reaches 7.5 billion u. The lowest price refers to the price that can be bought on Binance
In line with the principle of not taking advantage of the last wave of the market, it is recommended to clear the position around 120u, at the latest in November 25th. You are welcome to come back and dig up the graves then.
Token Description: Orca is a Solana-based automated market maker (AMM) decentralized exchange (DEX)
Section: dex (sol chain) First release: 2021.8.10 Total volume: 100 million Circulation: 53.27 million Circulation market value: 265 million u Circulation market value ranking: 283 Listed exchanges: 22
Official community situation: Twitter: 154,000 followers, daily tweets Discord: 18,130 members, with an average of 1,740 online daily
Token distribution and unlocking situation: Airdrop: 5.25% Team and advisors: 20% Private sale: 9.6% Value-added advisors: 4.3% Contributor reward program: 5% Unallocated tokens: 55.85% (used for community and governance programs, contributor rewards, team, private sale, and advisor distribution)
Unlocking situation: Currently, there are no unlocking plans, and updates will be added as information becomes available.
Introduction of project CEO and key executives: Yutaro Mori is the co-founder of Orca and the architect of the core AMM. He started working in the cryptocurrency field at the Ethereum Foundation in 2017, and before transitioning to Solana, he worked on the Eth2 Go client and layer 2 solutions. Grace Kwan is the co-founder of Orca and previously worked as a software engineer at Coursera. She holds a Bachelor's and Master's degree in Computer Science from Stanford University.
Project financing situation: 2021-09-22 Series A $18 million Placeholder*, Polychain*, Three Arrows Capital*, Coinbase Ventures, Jump Capital, Ryze Labs, DeFiance Capital, Zee Prime Capital, Collab+Currency, Solana Ventures
Project features: 1. Innovative centralized liquidity automated market maker mechanism (CLMM) Orca adopts a centralized liquidity automated market maker model, allowing liquidity providers to concentrate capital within specific price ranges, significantly enhancing capital efficiency. Unlike traditional constant product market makers, Orca's automated market maker can help liquidity providers achieve higher returns while reducing slippage for traders, especially in large transactions where traders can enjoy better prices and less price impact.
2. Whirlpool liquidity mechanism optimization Orca's Whirlpool model allows liquidity providers to concentrate liquidity within specific price ranges, achieving higher capital utilization and potential returns through this concentrated liquidity mechanism. The Whirlpool model addresses the capital efficiency issues found in traditional AMM models, allowing traders to enjoy lower slippage and better trading prices, especially in volatile market conditions, providing a more stable trading experience.
3. Low slippage and efficient trading experience The CLMM mechanism of the Orca platform ensures low slippage and efficient trading, especially in large transactions, providing prices close to expectations. The platform also integrates the Jupiter price comparison tool, helping traders ensure they trade at the best prices, thus achieving more efficient market connections and lower trading costs. This makes Orca an efficient trading platform suitable for various trading needs.
4. Cross-chain expansion and Layer 2 compatibility In 2024, Orca will expand to Eclipse, a Layer 2 scaling solution platform for Ethereum, while deploying the Solana Virtual Machine (SVM) to execute smart contracts. Through this cross-chain expansion, Orca will be able to provide liquidity for a broader range of blockchain users, supporting interactions between the Solana and Ethereum ecosystems. This allows Orca to not only serve native assets on Solana but also connect with more blockchains and traditional financial markets, providing users with convenient access to cross-chain trading and asset management.
Project important event information: 2021-09-28 Solana ecosystem decentralized exchange Orca launched staking features 2022-02-01 Coinbase announced the launch of Solana ecosystem project Orca 2022-03-19 Orca will launch its centralized liquidity pool product Whirlpools on March 23, which allows liquidity providers on AMM to actively choose the price range for providing liquidity, enhancing capital utilization efficiency 2022-04-15 New proposal from the Terra community proposed to provide Orca with $432,000 in liquidity incentives 2022-10-10 Solana ecosystem liquidity platform Orca launched the Orca Climate Fund and completed fundraising of over $2 million 2024-12-06 Binance will list Orca (ORCA) 2024-12-06 Wintermute as the market maker for Binance's newly listed token ORCA