Orca (ORCA): D-Score 31/100 — Centralized Leaning BlockIndex D-Score: 31/100 (Centralized Leaning). Orca (ORCA) is a Layer 2 cryptocurrency using N/A consensus. Orca: Solana-native DEX token powering liquidity, staking, concentrated liquidity, and community DAO governance. Source: https://blockindex.ai/coin/orca · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 31: Node distribution: 0: Initial distribution: 0: Governance: 20: Age and history: 11: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: N/A (N/A) - Launch: Other (2021) - Founder: Yutaro Mori, Grace Kwan - VC funded: Yes - Max supply: N/A - Circulating: 60,798,783 Market data (as of 2026-06-19) - Price: $1.22 - Market cap: $74.27M - 24h volume: $22.38M - 24h change: +2.69% · 7d change: +20.07% About Orca (ORCA) is a Solana-native decentralized exchange token that serves both governance and utility roles within the Orca DEX ecosystem. Launched in 2021, Orca evolved from a product-focused AMM to a broader DeFi platform that supports spot trading, concentrated liquidity (Whirlpools), staking, and token listing/catalog functionality (Wavebreak). The project emphasizes user experience with a polished front-end (orca.so), streamlined wallet connectivity, and product features targeted at liquidity providers and traders. Over time, Orca has combined product development with a governance transition toward a DAO structure; sources indicate a Series A in 2021 followed by the establishment of an Orca DAO and a governance council to manage protocol-level decisions. From a technical perspective, ORCA is an SPL token built on Solana and therefore inherits Solana's Proof of History + Proof of Stake consensus characteristics. Orca itself functions at the token and application layer rather than as an independent blockchain: the protocol’s smart contracts, pools, and concentrated liquidity primitives operate on Solana and leverage Solana-native wallets like Phantom for client-side interactions. The team and community have iterated on liquidity products (including Whirlpools) and implemented enhancements such as Dynamic Tick Arrays to improve concentrated liquidity efficiency. Contracts and product code are described in the supplied sources as open-source and audited, though explicit repository links were not included in the provided dataset. In terms of use cases, ORCA primarily underpins decentralized trading and liquidity provision on the Orca DEX, enabling fee capture, staking incentives, and participation in governance decisions. Liquidity providers use pools and concentrated liquidity products to earn trading fees and boost yields; staking and xORCA-style products are positioned to capture revenue and direct incentives to token holders. The token has been listed across a mixture of centralized exchanges (Binance, Coinbase, Crypto.com, Kraken, Bybit, Bitget, Upbit) and DEX platforms within the Solana ecosystem (Orca, Raydium, Serum, Jupiter). Market snapshots in the provided sources show active trading, a circulating supply snapshot (~60.15M ORCA), and price / volume metrics, indicating the token is actively traded and integrated into liquidity channels. Tokenomics and governance details in the supplied files are partial. The provided dataset includes circulating supply, price, market cap, ATH and volume figures but lacks a complete tokenomics table with explicit premine, developer fund allocations, and exact supply cap. The community has exercised governance power — for example, a community-approved burn of 25M ORCA in April 2025 — demonstrating on-chain or DAO-mediated economic actions. Governance is described as DAO-based with a council model in parts of the inputs, and the project has engaged in regulatory dialogue (a collaborative submission to the SEC in May 2025). These facts point toward an increasingly formal governance posture, though the available materials do not disclose exhaustive details about treasury mechanics or allocations. Overall, Orca presents as a mature Solana DeFi token with active product development, broad exchange coverage, and an evolving DAO governance model. Links - Website: https://www.orca.so/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore