Cryptocurrency Exchange Orca
Orca is a Solana exchange with concentrated liquidity: the provider sets the price range where their funds work. The protocol bet on a simple interface, so entering a pool here is noticeably clearer than with most peers using the same mechanics.
Besides Solana, Orca runs on Eclipse. Concentrated liquidity demands attention: once the price leaves the chosen range, the position stops earning fees and converts fully into one of the two assets. For passive holding it is a worse instrument than a plain full-range pool.
Advantages
- Intuitive interface, beginner-friendly
- Whirlpools: concentrated liquidity on Solana
- Very low Solana network fees
- One of the most audited DEXes on Solana
Disadvantages
- Only works on Solana
- Dependent on Solana network stability
- Fewer pairs compared to Raydium
Security
- Audits by Kudelski Security, Neodyme and OtterSec
- Non-custodial swaps
- Open source code