Orca

Whirlpools on Solana

Orca is a Solana DEX and liquidity protocol built around Whirlpools concentrated-liquidity pools. Traders swap Solana tokens, while providers create and manage positions and issuers can establish pools and incentives for their markets.

A provider selects the price interval where assets are offered. Capital near the market price can be more useful to traders and concentrate fee earning, but the position stops earning fees outside the range. Price movement also changes the asset mix, potentially leaving more of the asset that fell relative to the other.

Direct pools for traders, providers, and issuers

Whirlpools are also open-source infrastructure that applications can use for swaps, liquidity, and position management.

Jupiter compares liquidity across Solana sources, whereas Orca provides direct Whirlpools pools and positions. Raydium and Meteora are useful Solana comparisons when the decision is the pool model, liquidity, and interface available for a market.