Where new coins start
Fresh Solana coins open on Pump.fun, Bonk.fun, Bags, Moonshot and the other pads in Axiom's Pulse, not in Orca's pool list. A coin that later gets a Whirlpool is one Pulse has shown since its first trade.
Looking for an orca trading bot and sniper? Orca is Solana's longest-running concentrated-liquidity exchange. DefiLlama puts its Whirlpools at $7.5 billion over the past 30 days, up from $4.5 billion the month before, and most of that is SOL, stablecoins and, lately, tokenized stocks rather than memecoins. Axiom reads Orca's pools together with Solana's other big venues, so the price you see in Axiom accounts for them. Use Axiom referral code TradeNow for 20% off trading fees.
The Axiom Trade invite code is TradeNow. Axiom calls it a referral code. Enter it when you sign up and your trading fee drops by 20% for the life of the account, from 1% to 0.8% a trade.
If you are looking for an Axiom Trade invite code, use TradeNow. Type it into the referral field on the sign-up screen, or open axiom.trade/@tradenow and it is filled in for you. It is one of the most used Axiom codes, and it still works.
Orca is a Solana exchange that has run since early 2021 and now trades entirely through Whirlpools, its concentrated-liquidity pools. Fee tiers run from 0.01% to 2%, Splash Pools offer full-range liquidity at 1% for new tokens, and adaptive-fee pools charge more while the price is moving fast. Liquidity providers keep 87% of every fee; the rest funds Orca's treasury, ORCA buybacks and a climate fund.
For an Axiom trader, Orca is a depth venue more than a launch venue. Memecoins rarely begin there, but SOL, USDC and the stock tokens trade deep in its pools, which is why so many Solana routes pass through Orca without the trader ever noticing.
| On Solana since | Early 2021 |
|---|---|
| 30-day volume | $7.5 billion (DefiLlama), up from $4.5 billion the month before |
| Share of Solana | About 8% of the chain's DEX volume over 30 days |
| Pool type | Whirlpools, concentrated liquidity, audited eight times since 2022 |
| Fee tiers | 0.01%, 0.02%, 0.04%, 0.05%, 0.16%, 0.30%, 0.65%, 1% and 2% |
| Splash Pools | Full range at 1%, meant for launching new tokens |
| Fee split | 87% to LPs, 12% to the treasury, 1% to a climate fund |
| ORCA buybacks | 40% of the treasury share since January 2026; $0.46 million in 30 days |
| ORCA | About $1.54, a $93 million market cap |
| Axiom fee | Orca's pool fee plus 1% a trade, or 0.8% with code TradeNow |
Orca's app is at its best for liquidity providers: ranges, auto-compounding, adaptive-fee pools, liquidity locks and staking ORCA for xORCA. Coins that are days old need something else, and a swap box leaves most of that work to you.
Fresh Solana coins open on Pump.fun, Bonk.fun, Bags, Moonshot and the other pads in Axiom's Pulse, not in Orca's pool list. A coin that later gets a Whirlpool is one Pulse has shown since its first trade.
Holder count, dev share, sniper and insider percentages and bundled buys are on the Pulse row, with top holders and traders under the chart, so the homework happens on the same screen where you trade.
Orca's swap attaches a priority fee, and your wallet may add its own. In Axiom the preset decides how an order travels: priority fee, bribe, an MEV mode of Reduced through Jito or Secure through whitelisted validators, and private submission through Husher or Vanish when a trade should stay quiet.
A swap on Orca fills now or not at all. Axiom adds orders that sit and wait: limits, profit targets and stop losses on any Solana token, plus migration orders that fire the moment a launchpad curve fills.
Keep up to ten thousand wallets in the tracker, mirror the best of them with a per-trade cap, and follow the X accounts that start Solana runs without leaving the feed.
Stock tokens are ordinary SPL tokens, so Axiom trades them like any coin, and the same account holds Hyperliquid perps, Polymarket bets and the EVM chains Axiom supports.
What you give up is Axiom's cut, 1% of each trade or 0.8% with TradeNow, charged over the pool fee. A swap through Orca's own pools costs the pool fee plus Solana network fees and nothing more, as little as 0.01% on pegged pairs. For LP positions, locks, xORCA and big swaps between SOL, USDC and stock tokens, Orca's app is the better tool.
Orca's concentrated-liquidity pools, audited eight times since January 2022. LPs choose a range, are paid only while trading happens inside it, and hold the position as an NFT. A pair can have Whirlpools at several fee tiers, and a swap can be routed across them.
Full-range Whirlpools at a flat 1%, built for launching a token without managing a range. Orca charges no protocol fee to create a pool, only Solana rent, so a new token can list for very little.
A pool can carry a volatility component on top of its base tier: the fee rises while the price moves and settles back as it calms. Orca's pools page filters for them, and each pool page shows the live rate.
Liquidity for a token launch can be locked on Orca, and the pools page has filters for locked liquidity and for Wavebreak, Orca's bonding-curve launch program. DefiLlama has recorded no Wavebreak curve volume in the last two months, so treat it as dormant.
Tick spacing and fee tier move together: the wider the spacing, the higher the fee.
| Meant for | Fee | Tick spacing |
|---|---|---|
| Pegged stable pairs | 0.01% | 1 |
| Tight stable pairs | 0.02% | 2 |
| Stable pairs | 0.04% | 4 |
| Correlated assets | 0.05% | 8 |
| Moderately correlated assets | 0.16% | 16 |
| Standard volatile pairs | 0.30% | 64 |
| Volatile pairs | 0.65% | 96 |
| High-volatility pairs | 1% | 128 |
| Exotic pairs | 2% | 256 |
| Splash Pools, full range | 1% | 32896 |
Every swap splits the same way: 87% to the LPs in range, 12% to Orca's treasury and 1% to its Climate Fund. Since 13 January 2026, 40% of the treasury share buys ORCA for the xORCA vault, up from 20%; the initial development team gets half of it and the Orca DAO a tenth. DefiLlama counted $9.55 million of fees in the last 30 days, $1.24 million of it Orca's cut and $0.46 million spent on ORCA.
Orca has spent 2026 turning toward tokenized assets. Sunrise and Backpack Securities keep listing stocks there, from Costco and Boeing to Roblox and Hims; SpaceX's tokenized shares opened in June with $1.7 million of liquidity on the first day; and the RWA Foundation counted $14.1 million of weekly volume across Orca's five largest stock-against-USDC pools in mid-September. Issuers can also run permissioned pools that only eligible wallets can trade.
Beyond stocks, Orca lists yield-bearing credit tokens and tokenized silver, and it signed a non-binding pilot with Shinhan Asset Management for a Korean-won tokenized fund. None of this is memecoin territory, but it explains where Orca's growth is coming from.
Orca's cheap tiers suit majors; the fee climbs where memecoins sit.
In and out of a 0.05% pool, with Axiom's 0.8% per side on TradeNow, runs to roughly 1.7%. A 1% Splash Pool makes it about 3.6% and the 2% exotic tier about 5.6%, before any adaptive surcharge. Park exits as limit orders rather than selling into a thin full-range pool by hand.
There is not much to snipe on Orca itself.
When a new token does choose Orca, it usually opens a Splash Pool: liquidity spread across every price at a flat 1%, which is simple for the creator but gives less depth near the price than a concentrated position of the same size. Check whether that liquidity is locked before sizing up, because on Orca locking is a choice, not a rule. With Wavebreak quiet, the launches worth racing for are on the pads, and the memecoin sniper page covers how to filter them.
Orca has been live on Solana since early 2021 and still describes itself as the most user-friendly exchange on the chain. The ORCA token followed on 9 August 2021 and Whirlpools in 2022; Orca calls it the first concentrated-liquidity AMM on Solana. DefiLlama's biggest day for it was 18 January 2025, at $10.9 billion, and it now counts more than $500 billion of lifetime volume and says its contracts have never been exploited.
2026 has been about everything except memecoins: a bigger xORCA buyback share in January, permissioned pools for issuers and auto-compounding for LPs in the summer, and a steady run of stock and fund listings. The Solana page shows where Orca sits among the chain's other venues in Axiom.
Adaptive fees move. The rate on a pool page is a snapshot, and in a fast market the fee your swap pays can be higher by the time it lands.
Creating a pool is free apart from rent, so look-alike tokens cost almost nothing to list; match the mint address, not the logo. Permissioned stock pools only accept eligible wallets, and a full-range Splash Pool can be thinner near the price than its total size suggests.
Open the account at axiom.trade/@tradenow with TradeNow in the referral field, and Axiom's fee on every Orca trade after that is 20% lower.
With SOL picked in the chain menu, deposit SOL and leave some for priority fees and bribes.
Reduced for quiet markets, Secure when the size or the volatility is high, and Husher or Vanish for trades you would rather keep private.
Before a large order, look at the pool's tier and whether adaptive fees are switched on.
Yes. Orca's Whirlpools are among the Solana venues Axiom reads, so a token with Orca liquidity is bought and sold from Axiom's normal order panel.
Because trading new coins needs more than a swap box. Axiom shows launches from their first trade, puts holder and bundle data on the row, controls how orders land with bribes, MEV modes and private submission, and adds limit, stop and copy orders. Orca's app is better for providing liquidity, locking it and staking ORCA.
Whirlpools charge 0.01%, 0.02%, 0.04%, 0.05%, 0.16%, 0.30%, 0.65%, 1% or 2% depending on the tier, Splash Pools charge 1%, and adaptive-fee pools can charge more when prices move fast. On top of that comes Axiom's own 1%, or 0.8% with TradeNow.
Orca's concentrated-liquidity pool. LPs place liquidity in a price range and collect fees only when the price trades within that range; each position is an NFT, and one pair can have Whirlpools at several fee tiers.
Full-range Whirlpools with a fixed 1% fee, designed for launching tokens without managing a price range. They cost nothing to create beyond Solana rent.
ORCA staked in Orca's vault. Since January 2026, 40% of the treasury's share of fees buys ORCA for the vault, so each xORCA redeems for more ORCA over time; about $0.46 million went into ORCA over the past month, per DefiLlama.
Orca's pools page still has a Wavebreak filter for tokens from its bonding-curve launch program, but DefiLlama has recorded no Wavebreak curve volume in the last two months.
Yes, if you are eligible. Stocks from Sunrise, Backpack Securities and xStocks trade in Whirlpools against USDC, and some issuers use permissioned pools that only approved wallets can trade.
No. Whirlpools are open programs that anyone can build on, and Axiom's terminal simply routes trades through them. Orca's own app is at orca.so.
Disclaimer: a Solana token can lose most of its value in minutes, and stock tokens carry their issuers' eligibility rules. Not financial advice. Fee tiers and splits come from Orca's documentation and DefiLlama's methodology notes, volumes and fees from DefiLlama, and listings from Orca's announcements, all as of September 2026. Axiom Pro is run independently as an affiliate site and is not affiliated with Axiom Trade, Orca or any issuer of stock tokens. Use at your own risk.