What Orca governs
Orca is a DeFi protocol governance token, currently ranked 197th by market capitalization among the assets we track. Orca is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Orca (ORCA) is a decentralized finance platform built on the Solana blockchain, designed for trading and swapping tokens with a user-friendly interface. It aims to provide liquidity and yield farming solutions for crypto enthusiasts.
How value is supposed to accrue
Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to ORCA rather than evaporating to liquidity providers alone.
Background & fundamentals
In sector terms it is most often filed under Solana (SOL) Token, Decentralized Exchange (DEX), and DeFi.
Where Orca sits in the market
Trading around $3.16, Orca carries a market capitalization of $190.14M. Around $204.56M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 107.59% of the float — unusually high, the kind of churn that accompanies major news or speculative spikes.
Almost the entire ORCA supply is already in circulation (~100.0% of the 100M cap), so future dilution is effectively off the table. The token is roughly -66% under its record of $9.19 — a meaningful but not catastrophic drawdown. Measured from its all-time low of $0.4000, ORCA is up +690%.
What the price history shows
Recent moves read 24-hour +35.11%, 7-day +96.84%, 30-day -37.77%, 1-year -51.96%. Across roughly the last 365 days of daily candles, ORCA endured a peak-to-trough drawdown of about 75% before stabilizing.
Volatility profile
Recent action puts Orca in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals -37.77%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Orca
The honest checklist for ORCA is short:
- Protocol revenue — fees the application actually earns, and whether any of it reaches ORCA holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether ORCA is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
