Live ORCA Price and Market Data
The current real-time Orca price stands at $1.93**, with a 24-hour trading volume of **$1,458,607. Over the past day, the ORCA price has increased by 3.62%, while it has declined by 0.65% over the last week.
Orca's current market capitalization is $115,464,750, with a circulating supply of 59,957,265 ORCA coins. The token currently holds the #211 rank in the overall cryptocurrency market.
Notably, the Orca price today sits 91.36% below its all-time high and 444.45% above its all-time low. All data and prices are updated in real-time to provide accurate market information.
Understanding Orca (ORCA) Token
ORCA is an SPL token that serves as the native cryptocurrency of the Orca decentralized exchange operating on the Solana blockchain. As a DEX, Orca provides users with fast transaction processing and minimal transaction fees, making it an attractive platform for decentralized trading.
The platform is recognized for its user-friendly interface and comprehensive DeFi services, including liquidity pool contributions and yield farming opportunities. The Orca ecosystem enables users to participate in various decentralized finance activities while maintaining control of their assets.
Founders and Development History
Orca was founded by Grace Kwan and Yutaro Mori, who brought complementary expertise to the project. Kwan, a UX engineer with experience in digital education and 5G technology, focused on creating an intuitive user experience. Mori, a software engineer, contributed technical expertise to build a robust trading platform.
The project aimed to deliver a user-friendly automated market maker (AMM) solution leveraging the Solana blockchain's superior performance capabilities and minimal transaction costs. Since its launch in March 2021, users have been able to exchange various digital assets, including the ORCA token itself.
The Orca price has demonstrated volatility since inception, generally following broader cryptocurrency market trends. The token experienced its first significant price surge in September 2021, when its value increased from $5 to $16 within five days. The all-time high of $22.30 was recorded on November 16, 2021, coinciding with peak performance periods for major cryptocurrencies like Bitcoin and Ethereum.
ORCA Tokenomics and Utility
Orca features a total supply of 100 million tokens, with an initial circulating supply of 5.25 million. As a non-pegged asset, the ORCA price fluctuates based on market conditions and supply availability.
The token serves multiple functions within the ecosystem:
Liquidity Provider Rewards: Users who contribute to liquidity pools (known as Whirlpools) receive a portion of transaction fees proportional to their provided liquidity.
Governance Mechanism: ORCA functions as the platform's governance token, allowing holders to participate in decision-making processes through a decentralized autonomous organization (DAO) structure.
Community Incentives: The platform rewards community participation and engagement with ORCA tokens, fostering an active ecosystem.
Additionally, Orca demonstrates commitment to environmental sustainability by allocating a portion of service fees to charitable organizations addressing climate change issues.
Trading Considerations and Security
When trading ORCA tokens, investors should consider market volatility, liquidity conditions, and overall cryptocurrency market trends. Proper security measures are essential for protecting digital assets.
For those looking to explore advanced trading options and security features, consider 👉 reviewing comprehensive platform guides to make informed decisions.
Frequently Asked Questions
What is Orca's trading volume in the last 24 hours?
ORCA has recorded a trading volume of $1,458,607 over the past 24 hours, indicating moderate market activity for the token.
What is Orca's highest historical price?
The all-time high for ORCA reached $22.30 on November 16, 2021, approximately three years and seven months ago.
What is Orca's lowest historical price?
The token reached its lowest price point at $0.3537 on June 19, 2022, about three years and one week ago.
How does Orca compare to other decentralized exchanges?
Orca distinguishes itself through its user-friendly interface, low transaction fees, and operation on the Solana blockchain, which offers faster transaction speeds compared to many other networks.
What factors influence ORCA's price movements?
ORCA's price is affected by overall cryptocurrency market trends, platform adoption rates, Solana network performance, and developments within the Orca ecosystem.
How can users participate in Orca's governance?
ORCA token holders can participate in platform governance by voting on proposals through the decentralized autonomous organization structure, using their tokens to influence the platform's development direction.