Liquidity depth per major asset
Orca's assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Orca IS the primary liquidity venue for many Solana pairs. 30-day volume $6.21B on Solana (DefiLlama, 2026-05-16) against $254M TVL implies ~1.2x daily volume/TVL — high capital efficiency consistent with concentrated CLMM ranges. SOL/USDC pool is one of the deepest on Solana with 48.1% APY (high volume). Major pairs (SOL, USDC, JitoSOL, mSOL, BONK) carry strong depth. Graded yellow (not green) because: (a) 2%-slippage depth USD not enumerated from on-chain Solana pool state — volume/TVL ratio is a proxy only; (b) long-tail permissionless pools are thin by design; (c) CLMM liquidity can concentrate outside the active range during high-volatility events, transiently reducing effective depth.
Sources #
- URLOrca Whirlpool Parameters — fee authority and config authority roleshttps://dev.orca.so/Architecture%20Overview/Whirlpool%20Parameters/retrieved 2026-05-16
- Strategic Analysis of Just-In-Time Liquidity Provision — CLMM depth dynamics and JIT extractionhttps://arxiv.org/pdf/2509.16157retrieved 2026-05-16
- DefiLlama Orca TVL — $254.16M at assessment datehttps://defillama.com/protocol/orcaretrieved 2026-05-16
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →