TVL concentration (top-10 wallet share)

Orca's assessment for RD-F-064 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Orca Whirlpools LP positions are NFT-represented (Whirlpool position NFTs) distributed across thousands of position holders. No pipeline enumeration of top-10 LP concentration exists for Solana-native CLMM pools — standard subgraph/Dune EVM tooling does not cover Solana position NFT ownership. Structural argument: CLMM NFT-based positions are non-fungible and publicly visible; extreme concentration would be observable but has not been flagged by any public analysis. Not assessed due to pipeline data gap, not due to evidence of concentration.

Sources #

Curator note
Curator note — pipeline gap for Solana CLMM LP concentrationWhirlpools LP positions are NFT-based (position NFTs); Solana-native CLMM LP concentration enumeration not implemented in the M3a pipeline. Structural risk is lower than for fungible-token LP models, but data not quantified.retrieved 2026-05-16
URL
DefiLlama Orca TVL — $254.16M at assessment datehttps://defillama.com/protocol/orcaretrieved 2026-05-16

Methodology #

Compute the percentage of protocol TVL held in the top-10 depositor addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol orca factor RD-F-064 score gray collected_at 2026-05-16 02:39:16