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Solana-Based DEX Orca Raises $18M Series A Funding

Solana-Based DEX Orca Raises $18M Series A Funding

Solana-Based DEX Orca Raises $18M Series A Funding

Orca will use the fresh funding injection to continue developing its automated market maker (AMM).

Orca will use the fresh funding injection to continue developing its automated market maker (AMM).

Orca will use the fresh funding injection to continue developing its automated market maker (AMM).

By Jamie Crawley
AccessTimeIconSep 22, 2021, 3:27 PM
Updated May 11, 2023, 4:13 PM

Orca, a Solana-based decentralized exchange (DEX), has raised $18 million in Series A funding led by Polychain, Three Arrows Capital and Placeholder.

  • Other participants in the funding round include Coinbase Ventures, Jump Capital, Sino Global Capital and Solana Capital, Orca announced Wednesday.
  • Orca will use the funding injection to continue developing its automated market maker (AMM).
  • Launched in February this year, Orca aspires to be the “go-to swap for the Solana ecosystem,” through creating a next-generation AMM with the simplest user experience.
  • Orca launched its governance last month and now has nearly $240 million in total value locked on its platform and $735 million in lifetime trading volume.

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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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