Market Cap
$141,938,724.1
Fully Diluted Valuation
$177,549,125.4
24 Hour Trading Vol
$16,224,310.4
Circulating Supply
59,957,266.6
Total Supply
74,999,689.6
Max Supply
∞
Orca Price
$2.37
24h Range
$2.37 - $2.48
Percent Change 1h
-0.09%
Percent Change 24h
-7.41%
Percent Change 7d
-5.45%
All-time high
$20.33
All-time low
$0.351
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Orca is a decentralized exchange (DEX) built on the Solana blockchain, designed to facilitate fast, efficient, and user-friendly trading of cryptocurrencies. Launched in 2021, Orca stands out due to its focus on providing a simple interface for users and innovative features such as the "Smart Order Routing" system, which aims to optimize trading prices by routing orders through various liquidity pools. As of 2024, Orca has established itself as one of the leading DEXs on Solana, with a reported daily trading volume exceeding $10 million.
The founders of Orca are Dr. Jaden McGowan and Dr. Josh L. Stager, both of whom have backgrounds in computer science and finance. They were motivated by the vision of creating a DEX that prioritized user experience and accessibility while leveraging the high throughput and low transaction costs of the Solana network. Their combined expertise has been pivotal in Orca's development and its continuous growth in the decentralized finance (DeFi) ecosystem.
Orca operates using an automated market maker (AMM) model, which allows users to trade cryptocurrencies directly with one another without the need for an order book. Users can provide liquidity by depositing pairs of tokens into liquidity pools, earning fees from trades that occur in their pools. Orca employs a unique pricing algorithm known as "Constant Product Market Maker" (CPMM), which ensures that trades execute at fair prices while maintaining liquidity. The platform also incorporates features like "Fair Price Indicator" to help users make informed decisions while trading.
Liquidity providers deposit two types of assets into a pool, which traders can then swap. The pool's total reserves and the proportion of each asset determine the price at which trades occur.
Orca's Smart Order Routing technology finds the best possible price for traders by splitting orders across multiple pools, maximizing efficiency and reducing slippage.
The primary use cases of Orca include:
To ensure the safety of your Orca assets, consider the following best practices:
Investing in Orca (ORCA) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Orca: Once your account is funded, you can purchase Orca directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Orca using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Orca (ORCA) is currently trading at $2.37 and exhibits good potential for future growth. Check the latest Orca (ORCA) price prediction.
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