Comparison of DODO vs Orca [ 2024 ]

The best cryptocurrency exchanges compared by their commissions, products offered, security and much more. Here is the DODO vs Orca comparison!

Your expert: Alejandro Borja

dodo

DODO

  • Threenvest valuation: 4,3/5
  • Network: Ethereum
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Your expert: Xavier Tarrasó

orca

Orca

  • Threenvest valuation: 4/5
  • Network: Solana
  • Security: High 4,4/5
  • Earns: Yes
Go exchange

Main points

Fees

0,30%
NFTs
Yes

Native token

Token DODO
<0,10%

Fees

No
NFTs
Token ORCA
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.3 – Low transaction fees and efficient trading with the Proactive Market Maker (PMM) model.
4.6 – Low transaction fees on the Solana blockchain, making it very cost-effective.

Level

0,30%
<0,10%

Brief explanation

DODO Exchange operates with a simple and transparent fee structure. It charges a flat fee of 0.3% for all trading transactions, regardless of whether you are a maker or a taker. This fee is considered competitive within the decentralized exchange (DEX) space. In addition to trading fees, users will also incur network fees, which are standard charges paid to the miners of the relevant blockchain (e.g., Ethereum). Importantly, DODO does not impose additional transfer or withdrawal fees beyond these network fees. This makes DODO an attractive option for traders looking to minimize costs associated with trading and asset transfer.

Information on trading fees: DODO charges a flat fee of 0.3% for all buy and sell transactions, with network fees also applying​​. Additional details on fee structure and network fees: DODO does not impose transfer or withdrawal fees other than the network fees, which vary based on network pressure​​.
Orca operates on the Solana blockchain, allowing it to offer exceptionally low trading fees. Typically, each transaction on Orca incurs a fee of approximately $0.00001, thanks to Solana’s efficient and cost-effective network. This is significantly lower than the fees seen on many Ethereum-based exchanges. Orca’s fee structure is transparent and straightforward, with no hidden charges, ensuring that users understand exactly what they are paying.

Additionally, users can provide liquidity to Orca’s pools, earning a portion of the trading fees as rewards, further enhancing the appeal of this decentralized exchange.

DODO

dodo
Read dodo review
  • Security Methods: DODO ensures that users retain control over their private keys when trading, minimizing the risk of asset theft. The decentralized nature of the platform inherently reduces security risks associated with centralized exchanges.
  • Reputation and Reviews: Since its inception, DODO has garnered positive feedback for its innovative PMM protocol and user-friendly interface. The platform has built a reputation for being a forward-thinking player in the DeFi space
  • Transparency: DODO operates with a high level of transparency, providing detailed documentation and open communication about its operations, updates, and improvements. This openness builds trust among its users.
  • Trading Volume and Liquidity: With the PMM protocol, DODO offers high liquidity compared to many other DEXs, facilitating efficient and swift trades even for large orders, which contributes to its growing trading volume.
  • Withdrawal and Deposit Policies: DODO allows users to directly interact with their wallets for deposits and withdrawals, ensuring that they have full control over their funds without interference. This policy promotes both transparency and security.
  • Pros
  • High liquidity through PMM protocol.
  • No custody of user funds.
  • User-friendly interface for beginners.
  • Cons
  • Lower popularity than major DEXs.
  • Potentially vulnerable smart contracts.

Orca

orca
Read orca review
  • Security Methods: Orca places a high priority on security by enabling users to trade directly from their wallets without ever taking custody of user funds. This non-custodial approach minimizes the risk of hacks and theft, a significant advantage over exchanges that store user funds.
  • Reputation and Reviews: Since its launch, Orca has built a solid reputation within the cryptocurrency community for its user-friendly interface and efficient trading. It is praised for its innovative features like the "Fair Price Indicator," which have received positive reviews for enhancing user trading experiences.
  • Transparency: Orca operates with a high level of transparency, particularly in how it handles transactions and interactions on the Solana blockchain. This openness is crucial in the decentralized finance space, where the clarity of operations builds trust among users.
  • Trading Volume and Liquidity: Orca has shown impressive trading volumes and liquidity, especially given its role within the rapidly growing Solana ecosystem. High liquidity not only facilitates better price stability but also enables users to execute large trades with minimal slippage, enhancing the overall trading experience.
  • Year Founded: Although relatively new, having been founded in 2021, Orca quickly adapted to market needs and integrated cutting-edge blockchain technology, demonstrating robust growth and innovation in a short period. This rapid development and adaptation are indicative of a platform that is responsive to the evolving digital asset market and user needs.
  • Pros
  • No KYC required, ensures anonymity.
  • User-friendly interface for beginners.
  • Low transaction fees on Solana.
  • Cons
  • Limited to Solana blockchain tokens.
  • Occasional network congestion issues.

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Product selection

Native token

Yes, the native token is DODO.
Yes, the native token is ORCA.

Earns

Yes, DODO offers liquidity mining, staking DODO tokens for rewards, and participating in crowdpooling events to earn returns.
Yes, Orca provides EARN opportunities through yield farming, staking ORCA tokens, and participating in double-dip pools for dual rewards.

NFT marketplace

No, DODO does not have an NFT marketplace.
No, Orca does not have an NFT marketplace.

Cripto/debit card

No, DODO does not offer a debit card.
No, Orca does not offer a debit card.

Company information

Full name

DODO (DODO Exchange)
Orca

Regulation

No, DODO is not regulated by any specific financial regulatory authority.
No, Orca is not regulated by any specific financial regulatory authority.

Year founded

2020
2021

Founder

Diane Dai, Qi Wang, and Radar Bear
Grace “Ori” Kwan and Yutaro “Rawfal” Mori

Payment methods

Transfers

Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.
Deposits: Cryptocurrency transfers; Withdrawals: Cryptocurrency transfers.

Mastercard

No, DODO does not support direct deposits via Mastercard. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via Mastercard. It only allows transactions through wallet connections.

Wire transfer

No, DODO does not support direct deposits via wire transfer. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via wire transfer. It only allows transactions through wallet connections.

Card

No, DODO does not support direct deposits via credit card. It only allows transactions through wallet connections.
No, Orca does not support direct deposits via credit card. It only allows transactions through wallet connections.

Comparative table

DODO FEATURES Orca
DODO allows trading with relatively low minimums, making it accessible for users with small amounts of capital to start trading efficiently.
Minimum Trade
Orca allows users to trade with relatively low minimums, suitable for beginners wanting to start with smaller amounts.
DODO’s fees are competitive within the DeFi space, utilizing a small percentage of each trade to facilitate liquidity and reward participants, keeping costs reasonable.
Trading and Transaction Fees
Orca offers competitive low fees on transactions, leveraging Solana’s low-cost structure to benefit users.
While offering a variety of popular cryptocurrencies, DODO’s selection is less extensive compared to larger exchanges but is continuously expanding.
Number of Cryptocurrencies
Limited primarily to SPL tokens, Orca’s selection is growing but still less extensive compared to multi-chain DEXs.
DODO supports a moderate range of crypto-to-crypto trading pairs, focusing on major and some minor pairs, with plans to add more as the platform grows.
Crypto-to-Crypto Trading Pairs
Offers a solid range of trading pairs within the Solana ecosystem, though limited outside of it.
The DODO website provides clear information about its operations, protocols, and fees, though it could offer more detailed insights into its liquidity sources and contract mechanics.
Website Transparency
High transparency with clear information on trading mechanics and fee structures directly on their website.
DODO is primarily available on Ethereum and Binance Smart Chain, which covers a significant portion of the DeFi market but could expand to include more networks like Solana or Polkadot.
Credit/Debit Card
Currently operates solely on the Solana network, which may be restrictive for users seeking multi-chain options.
As a decentralized exchange, DODO does not offer storage; users maintain control of their private keys at all times, trading directly from their wallets.
Storage Offering
As a non-custodial DEX, Orca does not offer storage; users maintain control of their private keys.
DODO provides attractive staking opportunities and rewards for liquidity providers, with a PMM model that enhances yield potential compared to traditional AMMs.
Staking and Rewards
Provides opportunities for staking and earning rewards, enhancing the profitability for liquidity providers.
The DODO website is user-friendly and informative, designed to assist users in navigating and utilizing the exchange effectively, with ongoing updates to improve user experience.
Mobile App and Desktop
The website is user-friendly, well-designed, and easy to navigate, making trading straightforward for all users.
Customer support is limited primarily to community-based channels such as Discord and Telegram, with no direct customer service hotline or email support.
Customer Service
Customer support is available, but as a decentralized platform, it may not be as robust as services offered by centralized exchanges.
Deposits and withdrawals are executed directly through users’ wallets, providing a high level of security and control over funds, although the process relies heavily on network performance.
Deposit and Withdraw
Instant and direct from user wallets, Orca facilitates seamless deposits and withdrawals without holding user funds.

Key features

Analysis tools

Proactive Market Maker (PMM) model, real-time price charts, liquidity pool analytics, and slippage protection.
Basic trading charts, price tracking, liquidity pool analytics, and transaction history.

Mobile APP

No, DODO does not have a dedicated mobile app, but it can be accessed via mobile browsers.
No, Orca does not have a dedicated mobile app, but it can be accessed via mobile browsers.

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Additional features

DODO offers Initial DODO Offerings (IDO) for new projects, customizable liquidity pools, and a crowdpooling mechanism that allows projects to raise liquidity in a fair manner.
Orca features an innovative Fair Price Indicator to ensure users get the best rates, a user-friendly token swap interface, and double-dip pools where users can earn rewards in two tokens simultaneously.

Anonymity

Yes, DODO permits anonymous trading through wallet connections without the need for personal identification.
Yes, Orca allows users to trade anonymously by connecting their wallets, without requiring personal information.

Key points

Available cryptocurrencies

Ethereum (ETH), Bitcoin (BTC), DODO (DODO), Tether (USDT), USD Coin (USDC), and numerous ERC-20 tokens.
Solana (SOL), Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and various SPL tokens on the Solana network.

User-friendliness

DODO provides a straightforward user experience with its unique Proactive Market Maker (PMM) model, which helps in efficient and cost-effective trading. The platform is intuitive, but understanding the PMM concept might require a learning curve for those new to DeFi.
Orca stands out for its simplicity and ease of use, making it a great choice for beginners. The platform’s intuitive interface and focus on user experience make trading straightforward and accessible, although its feature set is less comprehensive compared to more advanced platforms.

Value for money

DODO provides good value with its low transaction fees and efficient Proactive Market Maker (PMM) model, which reduces price slippage. The platform’s flexible liquidity pools and innovative features offer a cost-effective trading experience.
Orca offers excellent value for money with its low transaction fees on the Solana blockchain, ensuring fast and inexpensive trades. The platform’s emphasis on simplicity and cost-efficiency makes it highly attractive to budget-conscious users.

Countries of operation

Available globally, no specific country restrictions.
Available globally, focusing on regions supporting Solana.

Best for

Perfect for cost-conscious traders who value efficient trading with low slippage. Its innovative Proactive Market Maker (PMM) model is particularly beneficial for those who want to provide liquidity and earn rewards with better price stability.
Designed for beginners and intermediate traders who prioritize ease of use and low fees. Its straightforward interface and quick transaction times make it a great choice for those new to DeFi and the Solana ecosystem.

Account

Trading

DODO is known for its proactive market-making algorithm, which enhances liquidity and reduces slippage. The platform supports a variety of tokens and offers a user-friendly interface. However, DODO’s trading volume is relatively lower compared to larger DEXes like Uniswap, which can affect liquidity during high volatility.
Orca is a user-friendly DEX on the Solana blockchain, offering low transaction fees and fast trade execution. It provides a simple interface suitable for beginners and experienced traders alike. However, its trading pair selection is currently limited compared to more established DEXes.

Deposit and withdrawal

DODO allows users to trade directly from their wallets without needing to deposit funds onto the platform. This model keeps funds secure but requires users to handle transaction fees for each trade. DODO supports multiple wallets, including MetaMask and WalletConnect, making it versatile but reliant on the user’s wallet management.
Orca, operating on the Solana blockchain, benefits from Solana’s low transaction fees and fast processing times. Users can connect Solana-compatible wallets such as Phantom for seamless deposits and withdrawals. This makes trading on Orca cost-effective and quick, though the selection of supported wallets is less diverse compared to Ethereum-based DEXes.

Account opening process

DODO simplifies the account setup by enabling users to trade directly from their wallets without creating an account. Supported wallets include MetaMask and WalletConnect. This method provides a seamless and secure trading experience but requires users to handle their own wallet security and transaction fees.
Orca on the Solana blockchain requires users to connect Solana-compatible wallets like Phantom to begin trading. The account setup is instantaneous, with no registration required, making it highly accessible. The platform’s simplicity and low transaction fees are appealing, though users must manage their wallet security.

KYC required?

No, KYC is not mandatory for using the platform.
No, KYC is not mandatory for using the platform.

Customer Service

DODO offers customer support through community forums, social media channels, and a comprehensive help center on their website. Users can access detailed guides and FAQs to resolve common issues. The reliance on community and self-help resources may be less effective for users seeking immediate or personalized support.
Orca, operating on the Solana blockchain, offers support through its official documentation, FAQs, and community channels like Discord and Twitter. While these resources are useful for troubleshooting, users who prefer direct support may find the lack of dedicated customer service challenging.

Security

DODO uses Proactive Market Maker (PMM) algorithms to enhance trading efficiency and security. The platform has undergone multiple security audits and continuously works on improving smart contract safety to protect user funds.
Orca operates on the Solana blockchain, known for its high security and low transaction costs. The platform has undergone security audits and emphasizes transparency and community trust.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend DODO for users who are looking for innovative liquidity solutions and efficient trading with minimal slippage. Its Proactive Market Maker (PMM) protocol significantly enhances the trading experience by ensuring better pricing and reduced impermanent loss. However, prospective users should be aware of the platform’s relatively limited customer support and the current range of available cryptocurrencies. For those interested in exploring advanced DeFi features and participating in liquidity provision, DODO offers a compelling, user-centric platform that’s definitely worth considering.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert on our website, I highly recommend Orca for users looking to dive into decentralized trading on the Solana blockchain. Its user-friendly interface, coupled with low transaction fees and robust security measures, makes it an excellent choice for both beginners and experienced traders. However, do bear in mind its limitation to Solana-based SPL tokens, which might restrict trading options compared to other multi-chain platforms.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong, any exchange can have problems.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Comparison of DODO vs Orca [ 2024 ]

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