Orca

8.5/10

Verdict: Best Solana DEX for retail LPs wanting a clean CLMM experience without complexity.

Best for
CLMM liquidity provisioning
TVL
$267M TVL
APY
Varies by pool
Founded
2021
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Overview

Orca is a Solana DEX built around Whirlpools, its concentrated liquidity market maker (CLMM) implementation. LPs select from four fee tiers and set custom price ranges to concentrate capital where trading activity is highest. Orca's interface is widely considered the cleanest LP experience on Solana, with a visual range selector and real-time position tracking. Orca's liquidity is also routed through Jupiter, so LPs earn fees from aggregated swap volume.

Orca Key Features

Whirlpools CLMM

Concentrated liquidity with customizable price ranges and multiple fee tiers.

Legacy pools

Standard constant-product AMM pools for simpler LP experience.

Fee tier selection

0.01%, 0.05%, 0.3%, 1% tiers to match pair volatility.

Position management

Visual range selector and position health monitoring.

Orca Fees & Pricing

FeeValueNotes
Pool fee tiers0.01% / 0.05% / 0.3% / 1%LPs select tier based on pair volatility. Stable pairs use 0.01%, volatile use 0.3-1%.
No protocol fee on swaps0%Orca takes no additional cut beyond the LP fee.

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How to Get Started with Orca

  1. 1

    Connect wallet

    Visit orca.so and connect Phantom or Solflare.
  2. 2

    Select pool

    Browse Whirlpool pools by pair and fee tier.
  3. 3

    Set price range

    Choose your liquidity range using the visual slider.
  4. 4

    Add liquidity

    Deposit both tokens and confirm the transaction.

Orca Risk Assessment

  • Smart contract

    low

    Audited, no major exploit. Whirlpool contracts are well-tested with $267M TVL.

  • Impermanent loss

    medium

    Concentrated positions magnify IL vs standard AMM. Narrow ranges have higher IL risk.

  • Range management

    medium

    If price moves outside your range, your position stops earning fees and sits in a single token. Requires active monitoring.

What Can You Do with Orca?

  • Concentrated LP

    Target tight price ranges on stable pairs for maximum fee income.

  • Stable pair yields

    Use 0.01% fee tier pools for USDC/USDT or LST/SOL pairs.

  • Portfolio diversification

    Provide LP on multiple fee tiers to spread risk.

Orca: Pros & Cons

Pros

  • Best-in-class CLMM UX
  • Multiple fee tiers (0.01%, 0.05%, 0.3%, 1%)

Cons

  • Lower TVL than Jupiter or Raydium
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Orca Alternatives

Comparing Orca with similar platforms? Check out these alternatives.

RaydiumMeteoraJupiter

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