Orca (ORCA)
Unlock Schedule
Orca (ORCA) Token Unlock & Vesting Schedule
As of October 18, 2026, 60.8 million of the 75 million ORCA (81.06%) have been released. No further releases are scheduled; the schedule was fully unlocked in September 2024.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Supply and distribution
ORCA is a Solana token identified by the mint address orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZE. Orca originally issued 100 million tokens. An initial distribution of 5.25 million included allocations for early liquidity providers, traders and advisers. Team and investor tokens followed vesting terms rather than all becoming available at launch. A 2025 governance decision burned 25 million treasury tokens, reducing total supply to 75 million ORCA. (docs.orca.so)
Governance and xORCA
ORCA holders can discuss proposals and vote on matters such as protocol features, fee settings and treasury use. Orca’s governance documentation also describes a DAO Council that handles certain operational decisions and helps implement approved proposals. Voting power can be delegated, allowing a holder to let someone else vote on their behalf. (docs.orca.so)
Staking ORCA produces xORCA. Orca uses a portion of protocol fee revenue to buy ORCA and add it to the staking vault. As ORCA enters the vault without an equal amount of new xORCA being created, each xORCA can represent more ORCA over time. Orca’s Governance Council announced in January 2026 that the share of protocol fee revenue used for these purchases had increased to 40%. Redeeming xORCA through the staking system includes a seven-day waiting period. (docs.orca.so)
Swap fees and the ORCA token have separate roles. Traders pay fees as part of using a pool and pay Solana network fees in SOL. ORCA’s direct uses are governance and participation in the xORCA staking system. (docs.orca.so)
Assumptions
Orca originally created 100 million ORCA for community programs, the team, private-sale investors and advisors, and confirms that it later burned 25 million undistributed treasury tokens. The dated chart shows launch distributions, an estimate of early Aquafarm rewards and estimated private-sale vesting; many grants, rewards and treasury transfers still lack verified payment dates. Orca describes the post-burn supply as about 75 million, but the exact October 7, 2026 total and whether smaller additional burns explain the supplied 474-token difference could not be verified from the checked primary sources.
- Community, liquidity rewards and governance treasury: Releases depend on future governance or treasury decisions.
- Orca Aquafarm liquidity rewards: Releases depend on future governance or treasury decisions.
- Juku Labs contributor growth allocation: Releases depend on recipients claiming tokens or on grants being awarded.
- Whirlpools bug-bounty reserve: Releases depend on recipients claiming tokens or on grants being awarded.
- Initial Governance Council ORCA grants: The sources give the amount but no release dates.
- Original development team allocation: The sources give the amount but no release dates.
- Value-add and advisory allocation: Releases depend on recipients claiming tokens or on grants being awarded.
- 2021 ORCA and Collectible staking rewards: The sources give the amount but no release dates.
- Treasury-funded xORCA/ORCA pool seed: The sources give the amount but no release dates.
- March 2026 approved community-treasury operational transfers: The sources give the amount but no release dates.
- Protocol-fee-funded xORCA rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
- 1. https://medium.com/orca-so/the-orca-governance-token-true-value-36edc9fb4245
- 2. https://resources.cryptocompare.com/asset-management/561/1702656118619.pdf
- 3. https://medium.com/orca-so/orca-treasury-report-2-de6dceeef0dd
- 4. https://forums.orca.so/t/bug-bounty-program/36
- 5. https://forums.orca.so/t/governance-council-proposal-contributor-grant-bug-bounty/187
- 6. https://forums.orca.so/t/governance-council-technical-proposal/178
- 7. https://medium.com/orca-so/staking-9ef2d44173e3
- 8. https://medium.com/orca-so/future-of-the-orca-treasury-adc9ce727330
- 9. https://forums.orca.so/t/tokenholder-proposal-for-xorca-initial-development-team-grant-buybacks-and-burn/882
- 10. https://orca-so.medium.com/april-2025-updates-e670b5d86d17
- 11. https://static.upbit.com/guide/circulating_supply/ORCA_20250513.pdf
- 12. https://static.upbit.com/guide/circulating_supply/ORCA_20260323.pdf
- 13. https://forums.orca.so/t/council-update-increased-xorca-buyback-rewards-fueled-by-protocol-fee-revenue-20-to-40-and-r-d-grant/1129
- 14. https://forums.orca.so/t/tokenholder-proposal-resourcing-orca-for-its-next-phase/1281
- 15. https://forums.orca.so/t/orca-governance-proposal-orca-treasury-utilization-for-token-buybacks-and-validator-staking/1058
- 16. https://solscan.io/token/orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZE
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 1 market on Binance · $6M open interest
 HTX (CEX) | 639K | 464/459 |
 Binance (CEX) | 403K | 25K/39K |
 Coinbase (CEX) | 238K | 69K/104K |
 Bitget (CEX) | 55K | 21K/30K |
 MEXC (CEX) | 54K | 29K/50K |
MEXC (CEX) | 53K | 30K/44K |
 Kraken (CEX) | 46K | 46K/70K |
 Gate.io (CEX) | 42K | 16K/21K |
Binance (CEX) | 41K | 6.7K/8.8K |
Binance (CEX) | 27K | 9.8K/10K |
Kraken (CEX) | 17K | 11K/17K |
 KuCoin (CEX) | 12K | 9.8K/10K |
 Orca (Avalanche) | 1.3K | 1.6K/1.6K |
 Raydium (Solana) | 868 | 130/130 |
Orca (Avalanche) | 708 | 443/442 |
Orca (Avalanche) | 219 | 290/290 |
Orca (Avalanche) | 48 | 68/68 |
Orca (Avalanche) | 32 | 50/50 |
Orca (Avalanche) | 13 | 55/55 |
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 39,201,263.639 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.
Uniform monthly chart distribution is a display estimate
Description
#266
Orca is a user‑friendly decentralized exchange (DEX) that runs on the Orca blockchain stack of Solana and Eclipse. It focuses on fast swaps, low fees, and clear design so anyone can trade tokens or provide liquidity with confidence.
| Sector: | DEX |
| Blockchain: | Solana |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 1 market on Binance · $6M open interest
HTX (CEX) | 639K | 464/459 |
Binance (CEX) | 403K | 25K/39K |
Coinbase (CEX) | 238K | 69K/104K |
Bitget (CEX) | 55K | 21K/30K |
MEXC (CEX) | 54K | 29K/50K |
MEXC (CEX) | 53K | 30K/44K |
Kraken (CEX) | 46K | 46K/70K |
Gate.io (CEX) | 42K | 16K/21K |
Binance (CEX) | 41K | 6.7K/8.8K |
Binance (CEX) | 27K | 9.8K/10K |
Kraken (CEX) | 17K | 11K/17K |
KuCoin (CEX) | 12K | 9.8K/10K |
Orca (Avalanche) | 1.3K | 1.6K/1.6K |
Raydium (Solana) | 868 | 130/130 |
Orca (Avalanche) | 708 | 443/442 |
Orca (Avalanche) | 219 | 290/290 |
Orca (Avalanche) | 48 | 68/68 |
Orca (Avalanche) | 32 | 50/50 |
Orca (Avalanche) | 13 | 55/55 |