ON–208: DEXs 💱
Orca is a Solana automated market maker (DEX) launched in February 2021. To date, the exchange has facilitated over $40.8B volume, generating $72.4m in fees. Weekly volume hovers at ~$1B, after peaking at >$3B during the Solana DeFi and JUP airdrop momentum. Despite volume fluctuations, Orca has consistently dominated as the leading Solana DEX despite increasing competition — the DEX commands a ~45% market share today.
