Orca vs Raydium: Quick Compare (2026)
Orca is a dex platform rated 8.5/10 with $267M TVL, best for CLMM liquidity provisioning. Raydium is a dex platform rated 8.7/10 with $1.06B TVL, best for LP yield farming on Solana.
Need a deeper breakdown? Use editorial comparison pages and full platform reviews before you decide.
Head-to-Head Comparison
| Feature | Orca | Raydium |
|---|---|---|
| Rating | 8.5/10 | 8.7/10 |
| TVL | $267M | $1.06B |
| APY | Varies by pool | — |
| Best for | CLMM liquidity provisioning | LP yield farming on Solana |
| Not best for | Not ideal for traders who want perps, limit orders, or DCA — Orca is a pure spot DEX. Users seeking maximum yield should compare Orca Whirlpool returns against Meteora DLMM and Raydium CLMM before committing liquidity. | Not ideal for traders who just want the cheapest swap price — Jupiter aggregates Raydium's liquidity and often finds better routes. Raydium's concentrated liquidity pools have significant impermanent loss risk for inexperienced LPs. |
| Founded | 2021 | 2021 |
Fees Comparison
Orca Fees
| Fee | Value |
|---|---|
| Pool fee tiers | 0.01% / 0.05% / 0.3% / 1% |
| No protocol fee on swaps | 0% |
Raydium Fees
| Fee | Value |
|---|---|
| Swap fee | 0.25% |
| CLMM fee tiers | 0.01% / 0.05% / 0.25% / 1% |
| LaunchLab creation | 0.15 SOL |
Pros & Cons
Orca
Pros
- Best-in-class CLMM UX
- Multiple fee tiers (0.01%, 0.05%, 0.3%, 1%)
Cons
- Lower TVL than Jupiter or Raydium
Raydium
Pros
- $1B+ TVL — deepest native Solana AMM liquidity
- CLMM pools for concentrated LP yield
- RAY farm emissions on top pools
Cons
- UI less polished than Jupiter
- Some farm APYs are token-emission dependent
When to Choose Orca
Best for: CLMM liquidity provisioning
Honest limitation: Orca's concentrated liquidity (Whirlpools) requires active range management. Passive LPs who set-and-forget will underperform compared to actively managed positions or simple staking.
When to Choose Raydium
Best for: LP yield farming on Solana
Honest limitation: Raydium's AMM v4 pools are less capital efficient than newer CLMM designs. LaunchLab token launches carry high rug pull risk — most launched tokens lose 90%+ of value within 48 hours.