DEX comparison · updated Oct 10, 2026
RaydiumvsOrca
Solana's two core AMMs: Raydium's launchpad liquidity and huge pair count versus Orca's concentrated-liquidity Whirlpools and cleaner interface.
At a glance
Higher 24h volume
Orca
$217.4M
Lower taker fee
Raydium
0.25%
Deeper liquidity (TVL)
Raydium
$1.24B
Longer track record
Roughly even
2021 vs 2021
dexwatch score
Raydium
73/100
Full comparison
Every figure is a dated snapshot from public sources (Oct 10, 2026); fields without a verifiable source show n/a. “Best” marks the stronger value in a row — higher volume or liquidity, lower fees, longer track record. Max leverage is shown as information, not a positive.
| Exchange | $RAY ★★★★★★★★★★73/100Solid | $ORCA ★★★★★★★★★★71/100Fair |
|---|---|---|
| Type | Spot DEX (AMM) | Spot DEX (AMM) |
| Chains | Solana | Solana |
| 24h volume | $154.2M | $217.4MBest |
| 7d volume | $1.32B | $1.76BBest |
| Total value lockedLiquidity depth | $1.24BBest | $309.6M |
| Token price | $2.38 | $2.52 |
| 24h change | 1.68% | 4.13% |
| Market cap | $641.7M | $153.4M |
| Maker feeNegative = rebate | 0% | 0% |
| Taker feeLower is cheaper | 0.25%Best | 0.3% |
| Max leverageHigher = riskier | — | — |
| Trading pairs | 4,200Best | 3,400 |
| LaunchedLonger track record | 2021 | 2021 |
| Security scoredexwatch estimate | 80/100 | n/a |
| Audits | OtterSecKudelski | Not available |
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The honest take
Raydium
✓Where most new Solana tokens get their liquidity
✓Fast, cheap swaps with a big user base
✓Yield farms for liquidity providers
✕Spot only
✕Lots of risky brand-new token pairs to navigate
Orca
We have not published an editorial pros-and-cons review for Orca yet; the figures above come from public sources.
Raydium vs Orca FAQ
Which has higher trading volume, Raydium or Orca?
Orca — about $217.4M in the last 24 hours versus $154.2M on Raydium. Figures are a dated snapshot (Oct 10, 2026) and move constantly.
Is Raydium or Orca cheaper to trade?
Raydium lists the lower headline taker fee (0.25% versus 0.3%). Your real cost also depends on network gas, maker rebates, spreads and price impact on the size you trade.
Which has deeper liquidity, Raydium or Orca?
Raydium holds more total value locked ($1.24B versus $309.6M), a rough proxy for how much size a market can absorb.
What's the main difference between Raydium and Orca?
Raydium is a spot dex (amm) on Solana, while Orca is a spot dex (amm) on Solana. Match the venue to the chain and assets you actually use.
Your first swap, step by stepSlippage & slippage toleranceDEX trading fees: maker/taker & pool feeammslippageliquidity
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