Orca

Traders access Orca as a Solana decentralized exchange whose market design combines Whirlpools concentrated liquidity with user-friendly swap interface. Beyond the core mechanism, ORCA governance token, Solana token markets, fair price indicator, and liquidity position NFTs define liquidity, governance, and trade-settlement differences at Orca. Material subjects for Orca include contract deployments, fees, incentives, market risk, integrations, governance decisions, and incidents.

Individual liquidity venues stay distinct from Orca unless protocol rules, routing, or security inside Orca are the central issue.