Statistics: Orca

1. Market Overview

Orca exhibits a Total Value Locked (TVL) of $251.2M, with a recent -3.13% 24h decline. Its 24h trading volume stands at $225.1M, indicating significant daily activity relative to its total locked value.

2. Capital Efficiency

With a 24h trading volume of $225.1M against a TVL of $251.2M, Orca maintains a Volume/TVL ratio of approximately 0.896. This high turnover rate suggests efficient capital utilization and robust trading interest within the protocol, turning over nearly 90% of its locked capital daily.

3. Liquidity & Pair Spread

Orca lists 416 coins across 2,815 trading pairs. This translates to an average of over 6.7 pairs per listed coin, suggesting broad liquidity access and diverse trading opportunities for its users. The extensive pair count indicates a well-developed market structure.

4. Chain Dominance

Orca's TVL is overwhelmingly concentrated on Solana, accounting for $250.7M (approximately 99.8%) of its total $251.2M TVL. The remaining $499,951 (around 0.2%) is deployed on Eclipse. This extreme dominance by Solana highlights Orca's deep integration and reliance on that ecosystem.

5. Analyst Verdict

Orca demonstrates strong capital efficiency with a near 0.9 Volume/TVL ratio and a broad market with 2,815 trading pairs. However, the protocol lacks recorded audits (0) and an available trust score, which presents a notable risk factor regarding security and transparency. The absence of reported revenue/fees makes direct profitability assessment challenging, relying solely on trading activity as an indicator of utility. Its overwhelming reliance on Solana for 99.8% of TVL is a single point of failure from a chain diversity perspective.