Is Orca Safe?
Risk Grade: B (27/100)
Orca is rated as moderate risk — some novel mechanisms, generally well-understood.
Lower risk — battle-tested Solana DEX, but concentrated liquidity amplifies losses during network congestion
A decentralized exchange on Solana where you swap tokens through concentrated liquidity pools called Whirlpools. It handles about half of all Solana DEX trading volume with $280M in deposits. Its B grade reflects solid fundamentals, but the small ORCA token ($90M) makes governance cheap to attack.
TVL
$256M
Mechanisms
7
Interactions
5
Value Grade
C+
Key Risks for Orca Users
During a Solana network jam, you cannot adjust your liquidity positions -- if prices move fast, you eat the full loss with no way to exit
It costs less than $15M to buy enough ORCA tokens to take over governance and redirect protocol revenue
Entirely dependent on Solana staying online -- every Solana outage shuts down all Orca trading
Top Risk Factors
- •Concentrated liquidity positions amplify impermanent loss during flash crashes, especially when Solana network congestion prevents position management
- •Low ORCA token FDV (~$90M) makes governance capture economically feasible, particularly with newly launched xORCA staking
- •Heavy dependence on Solana chain liveness — network outages directly halt all Orca trading and LP management
Risk Score Breakdown
Orca's highest risk area is Scale Exposure (5/10). Here's how each dimension contributes to the overall 27/100 score:
Read the Full Orca Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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