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The orca is up 19.6% in the week because Orca Dao prepares to deploy its treasury assets towards a token buyback initiative.
Government ProposalWhich was opened for voting last Wednesday, ORCA will look at the stacking of treasury assets in the verification node.
The ORCA Council will then withdraw the property when it is “considered appropriate” to buyback in the next 24 months.
As of today, Orca Treasure The 55,127 is Sol ($ 9.9 million) and 503K USDC.
The vote for the proposal ends in about 24 hours, and currently 100% “yes” response and 51% quorum is already likely to be completed.
The July Trading Volume is the third largest dex in Orca Solana with about $ 19-20 billion.
Based on YTD, Orca has produced $ 115 million In fees.
Of these fees, 50% of the protocols lead to development, while 30% of Treasury Wallets are directed that the orka buyback should pass the aforesaid proposal in fuel.
The remaining 20% fees are allocated for a separate ongoing ork buyback initiative that will eventually go to Occa Stacking.
The ORCA team told me that staking to launch in September is slated, so it is in a near -term for the ork token holders as two potential values.
Depending on the market cap-to-ravenue, the orca rays tray about 24% less (7.36x) compared to the orca ray (9.63x), which may give some relatives reverse suggestions for the orca if the revenue is consistent.
But this is a big if you keep your rise in mind Prope AIMS On Solana which indicates a rapid hyper-perpetrator and commoditized dex landscape.
Orca is not resting on its praise, though. The team also launched Wavebreak in Beta two weeks ago, a Memcoin Launchpad made its ownership of Occa on the in-house take stack.
Compared to your average launchpad, Orca is Wavebreak Design For being “human-first”, which means that the token in the bonding phase is designed to protect from sniper bots.
Outside Solan, Orca SVM-based Etreum L2 series is also a major dex on the eclipse. The deployment of the eclipse of the orche is less use than the Solana, however – about 93 million 20 billion on Solana in July versions.
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