Buying cryptocurrencies shouldn't be hard.
This core belief drove the creation of Orca in the first place. And this time, it spawned a whole new way of buying and selling cryptocurrencies.
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Why do a new version of Orca?
Over the past 6 months, Orca earned most of Solana's network fees --- 70% ~ 80%, with a total transaction volume of more than $34.7 billion. It also generates the most fees, byOrca Climate FundRaised over $1.6 million for climate change and has never been hacked.
So why invest effort in a completely new and completely different interface?
Cryptocurrencies have the potential to bring efficiency, transparency and verifiability to global financial markets. But to achieve mass adoption, the experience of buying and selling tokens on-chain must not only be comparable to TradFi, but better.
So, Orca made a bold bet:
Centralized Liquidity Asset Management (CLAMM)Innovations that will become mainstream adoption.
Solanawill be the chain driving this revolution.
To be successful, the basic building blocks of finance—buying and selling assets—must be familiar enough for the average person to use.
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More fashion, sexier...
Orca is known for its focus on human-centered design, a rarity in the crypto world. But even Orca itself has so far catered more to tech-savvy crypto-native users. The new Orca offers even more basic features that make buying and selling cryptocurrencies on-chain easy, even for "regular people":
price chart
Historical transaction records
very useful error message
Price comparison with Jupiter
NFT account avatar
Appealing, refined visuals
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…while being more reliable
As handsome as the new Orca is, it's not icing on the cake. It's also a leap forward in terms of reliability. On-chain transactions typically fail at times of high volatility, and this is where the new Orca succeeds (recall the BONK transaction during the hype earlier this year).
Under the hood, the all-new Orca features a number of technology upgrades:
A brand new frontend written in next.js, planned to open source after the next major product release
A fully custom "smart router" that routes trades across up to 6 liquidity pools to deliver better prices
Shorter confirmation times and easier retries
More accurate stats and pricing api
Dynamic Priority Fee
Long story short:
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what's next
Shhh - here's a secret: Another colossus is coming, and it's codenamedOrca Pro。
Years after the first CLAMM was launched, there are still few tools available for learning efficient liquidity provisioning. Orca Pro offers active traders:
Tutorial to learn the art of CLAMM mobility provision
Tools to Efficiently Estimate Returns
Both of these open the door to peer-to-peer market making to a wider audience. Users of centralized exchanges will find the interface familiar, reinforcing Orca's competitive position that an AMM with centralized liquidity can provide the same experience as an order book, but with greater computational and capital efficiency.
But the journey to the Vertex Protocol doesn't end there! There are other projects in the works that will apply Orca's core principles of human-centered design to new areas of finance. 👀
Because whether you're a trader, market maker or builder
Orca makes it easy. 🐳
