Solana is quite an ecosystem of interest to many blockchain projects due to its cost-effectiveness and speed. The projects built on Solana have now reached hundreds and are still actively blooming. Orca is an AMM built on Solana with a user-centric goal that has received a lot of response from the community. So what is Orca? Let’s go find out below this article.
Orca is the easiest way to exchange cryptocurrency on the Solana blockchain. On Orca exchange, you can exchange tokens with minimal transaction fees and lower latency than any DEX on Ethereum, to get a fair price.
Additionally, working on a common purpose for the large Solana platform, Orca not only supports native tokens, stablecoins, etc. in the Solana ecosystem but also cares about user experience, efficiency and optimization in terms of user experience.
Orca wishes that users will use and trust Orca as a reputable exchange with low fees and the most optimal price. Liquidity providers can make a profit after deducting impermanent losses.
Orca’s biggest advantage is its speed and transaction fees:
Orca has features like:
ORCA is a governance token, playing a role in liquidity pools on the Orca exchange.
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14.25% of the total supply is tentatively allocated to incentivizing community engagement. These tokens may be used for development, marketing, or growth into new regions, among other use cases.
The ORCA governance token is designed to support the long-term health of the Orca protocol. If changes are made to our tokenomics, we will update this page with an explanation of the changes and why they were made.
Orca is built and funded by Solana Foundation under the direction of the Founder & CEO of Solana.
The project team consists of software engineers with extensive experience in blockchain protocols, including:
Orca is currently collaborating with projects in the ecosystem mainly to support a more complete construction: Serum, Raydium, Map. me, Oxy …
Current Orca investment funds include Three Arrows Capital, Polychain, Coinbase Ventures, Jump Capital, Sino Global Capital, DeFiance Capital, Zee Prime, Collab + Currency, and Solana Capital.
Who are the competitors?
Some AMM DEXs on other ecosystems are also growing:
Above is the basic information about the Orca project and the ORCA token. Orca’s deal also shows that decentralized exchanges in general and the Solana ecosystem, in particular, have been receiving a lot of attention from investment funds. Especially in the context of the booming DeFi market right now.
Find more information about Orca
Website: https://www.orca.so/
Telegram: https://t.co/YKUzwPPFzR?amp=1
Twitter: https://twitter.com/orca_so
Elise
Coincu Research
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