Orca Whirlpools

Orca Whirlpools are a way to provide concentrated liquidity in specific price ranges on Orca (the leading decentralized exchange on Solana). This allows for higher capital efficiency than a standard AMM design (think Uniswap V3). Create a dashboard highlighting the growth of Orca Whirlpools over time. What pools have risen in popularity and generated the most fees for liquidity providers? How often are LPers moving in and out of their positions in order to adjust for specific price ranges? How has the launch of $BONK changed the popularity of these pools and are users now experimenting with other pools? Optionally, show if LPers are adjusting liquidity more frequently on Orca than on Uniswap.

On Orca’s pools(before whirpools launch)—as in all constant product AMMs, which make up the majority of DEXs in DeFi—liquidity in any given pool facilitates trades at any price. While this model is simple, it is not capital-efficient. Trades suffer from high slippage, and the unused capital limits yields for liquidity providers.

On March 23, Orcanauts Beta was launched! During that time, first three Whirlpools: SOL/USDC, ORCA/USDC, and mSOL/USDC were launched. (Rewards for those pools began 24 hours later, along with the regularly scheduled Aquafarm Rotation on March 24).

Similar to constant product AMMs, both swaps and liquidity provision on Whirlpools can be completed in only a single transaction. This is a major improvement over competing capital-efficient DEXes. In order books, for instance, the multiple transactions required to settle a single order makes trading less reliable (and more confusing).

Access to decentralized markets that are both resilient and capital-efficient will be good not only for Orca, but for the wider Solana ecosystem. During periods of volatility, the best centralized exchanges outperform their competitors by maintaining uptime and limiting unnecessary cascading liquidations. Similarly, we’ve designed Whirlpools to shine by providing superior service when the Solana network sees a spike in activity.

Daily count of new users was less than 2 K in all the days until 2023 began,(except 2 days), but from Jan 1st, count of new users increased sharply. This was at the same time of launching $Bonk.

Although only 13 days is passed from Jan, but these 13 days, had the highest count of new users in comparison with other months.

Daily count of new pools was very volatile during time, but Nov and Oct 2022 had the highest count of new pools.

In the above charts, you can see the comparison between deposits and withdraw transactions in Whirpool.

As you see, count of withdrawers and withdraw transactions was more than depositors and deposit transactions in all the weeks.

There was a spike in count of withdraws and deposits in the first week of the year.

Volume of deposits and withdraws increased until the second week of the May 2022, but then decreased sharply. There was a spike in both volumes(deposits and withdraws) in the first week of the 2023.

Although the highest count of deposits was on June 2022, but daily count of deposits was less than 20K in all days before Jan 5th 2023. From that date, total count of deposits to the pools increased sharply.

May 2022 and Jan 2023 were the months that the highest count of depositors was submitted.

Bonk-Sol and Bonk-USDC were the 2 pools in Jan 2023, that had the highest count of deposits and depositors.

In total, from launch of pools, Sol-USDC had the highest count of deposits and depositors.

Although the highest count of deposits was on Jan 2023, but the highest volume of deposits to the pools was on May and June 2022, respectively. First half of May, were the days that the highest volume of deposits were submitted.

Sol-USDC and Sol-stSol were the pools that had the highest volume of deposits

From Jan 3rd, which was 4 days after launch of $Bonk, USDH-Bonk pool, was the pool that had the highest volume of swaps and earned fees. These volumes and earned fees reached to its highest level on Jan 6th and then decreased sharply.

If we compare count of LP events and LP providers on Whirpool and Uniswap from the second half of 2022, we can see that count of LP providers on Uniswaps was always more than count of LP providers on Whirpool until Jan 1st 2023, but from that date to Jan 12th, count of LP providers on Whirpool was much more than Uniswap LP providers.

Count of LP events on Whirpool was always more than count of LP events on Uniswap.

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Orca Whirlpools

On March 23, Orcanauts Beta was launched! During that time, first three Whirlpools: SOL/USDC, ORCA/USDC, and mSOL/USDC were launched. (Rewards for those pools began 24 hours later, along with the regularly scheduled Aquafarm Rotation on March 24).

Daily count of new users was less than 2 K in all the days until 2023 began,(except 2 days), but from Jan 1st, count of new users increased sharply. This was at the same time of launching $Bonk.

Although only 13 days is passed from Jan, but these 13 days, had the highest count of new users in comparison with other months.

Daily count of new pools was very volatile during time, but Nov and Oct 2022 had the highest count of new pools.

In the above charts, you can see the comparison between deposits and withdraw transactions in Whirpool.

As you see, count of withdrawers and withdraw transactions was more than depositors and deposit transactions in all the weeks.

There was a spike in count of withdraws and deposits in the first week of the year.

Volume of deposits and withdraws increased until the second week of the May 2022, but then decreased sharply. There was a spike in both volumes(deposits and withdraws) in the first week of the 2023.

Although the highest count of deposits was on June 2022, but daily count of deposits was less than 20K in all days before Jan 5th 2023. From that date, total count of deposits to the pools increased sharply.

May 2022 and Jan 2023 were the months that the highest count of depositors was submitted.

Bonk-Sol and Bonk-USDC were the 2 pools in Jan 2023, that had the highest count of deposits and depositors.

In total, from launch of pools, Sol-USDC had the highest count of deposits and depositors.

Although the highest count of deposits was on Jan 2023, but the highest volume of deposits to the pools was on May and June 2022, respectively. First half of May, were the days that the highest volume of deposits were submitted.

Sol-USDC and Sol-stSol were the pools that had the highest volume of deposits

From Jan 3rd, which was 4 days after launch of $Bonk, USDH-Bonk pool, was the pool that had the highest volume of swaps and earned fees. These volumes and earned fees reached to its highest level on Jan 6th and then decreased sharply.

Count of LP events on Whirpool was always more than count of LP events on Uniswap.

Orca Whirlpools

On March 23, Orcanauts Beta was launched! During that time, first three Whirlpools: SOL/USDC, ORCA/USDC, and mSOL/USDC were launched. (Rewards for those pools began 24 hours later, along with the regularly scheduled Aquafarm Rotation on March 24).

Daily count of new users was less than 2 K in all the days until 2023 began,(except 2 days), but from Jan 1st, count of new users increased sharply. This was at the same time of launching $Bonk.

Although only 13 days is passed from Jan, but these 13 days, had the highest count of new users in comparison with other months.

Daily count of new pools was very volatile during time, but Nov and Oct 2022 had the highest count of new pools.

In the above charts, you can see the comparison between deposits and withdraw transactions in Whirpool.

As you see, count of withdrawers and withdraw transactions was more than depositors and deposit transactions in all the weeks.

There was a spike in count of withdraws and deposits in the first week of the year.

Volume of deposits and withdraws increased until the second week of the May 2022, but then decreased sharply. There was a spike in both volumes(deposits and withdraws) in the first week of the 2023.

Although the highest count of deposits was on June 2022, but daily count of deposits was less than 20K in all days before Jan 5th 2023. From that date, total count of deposits to the pools increased sharply.

May 2022 and Jan 2023 were the months that the highest count of depositors was submitted.

Bonk-Sol and Bonk-USDC were the 2 pools in Jan 2023, that had the highest count of deposits and depositors.

In total, from launch of pools, Sol-USDC had the highest count of deposits and depositors.

Although the highest count of deposits was on Jan 2023, but the highest volume of deposits to the pools was on May and June 2022, respectively. First half of May, were the days that the highest volume of deposits were submitted.

Sol-USDC and Sol-stSol were the pools that had the highest volume of deposits

From Jan 1st 2023, count of whirpool users that had swaps related to Bonk, had the highest share of swappers in each day. It reached to its highest level on Jan 5th, and then decreased sharply.

From Jan 3rd, which was 4 days after launch of $Bonk, USDH-Bonk pool, was the pool that had the highest volume of swaps and earned fees. These volumes and earned fees reached to its highest level on Jan 6th and then decreased sharply.

Count of LP events on Whirpool was always more than count of LP events on Uniswap.