Comparison of Orca vs Raydium [ 2024 ]

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

Your expert: Alejandro Borja

orca

Orca

Your expert: Xavier Tarrasó

raydium

Raydium

Main points

Fees

<0,10%
NFTs
No

Native token

No
0,25%

Fees

No
NFTs
Token RAY
Native token

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.6 – Low transaction fees on the Solana blockchain, making it very cost-effective.
4.5 – Low fees on the Solana blockchain, with dual yield farming options enhancing overall value.

Level

<0,10%
0,25%

Brief explanation

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.
Raydium employs a straightforward fee structure, making it transparent for users. For each transaction executed in its liquidity pools, Raydium charges a 0.25% fee, which is split between liquidity providers (88%) and RAY token stakers (12% is used to buy RAY tokens and distribute them to stakers). Also, trades executed via the Serum DEX incur an average transaction fee of 0.22%, which can decrease based on the number of SRM tokens staked.

Besides these fees, users also need to consider network fees for transactions on the Solana blockchain, which are typically very low, ranging from 0.0001 to 0.001 SOL per transaction.

Orca

Raydium

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Product selection

Native token

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

Earns

Yes, Orca provides EARN opportunities through yield farming, staking ORCA tokens, and participating in double-dip pools for dual rewards.
Yes, Raydium provides EARN opportunities through liquidity mining, staking RAY tokens, and dual yield farming programs.

NFT marketplace

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

Cripto/debit card

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

Company information

Full name

Orca
Raydium Protocol

Regulation

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

Year founded

2021
2021

Founder

Grace “Ori” Kwan and Yutaro “Rawfal” Mori
AlphaRay and XRay

Payment methods

Transfers

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

Mastercard

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

Wire transfer

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

Card

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

Comparative table

Orca FEATURES Raydium
Orca allows users to trade with relatively low minimums, suitable for beginners wanting to start with smaller amounts.
Minimum Trade
Raydium allows relatively low minimum trades, accommodating users who wish to start with small amounts.
Orca offers competitive low fees on transactions, leveraging Solana’s low-cost structure to benefit users.
Trading and Transaction Fees
Raydium offers extremely competitive fees, with low trading costs thanks to the efficiency of the Solana network.
Limited primarily to SPL tokens, Orca’s selection is growing but still less extensive compared to multi-chain DEXs.
Number of Cryptocurrencies
While Raydium supports a variety of SPL tokens, its selection is less diverse compared to larger exchanges.
Offers a solid range of trading pairs within the Solana ecosystem, though limited outside of it.
Crypto-to-Crypto Trading Pairs
It provides a good range of trading pairs, focusing on quality and liquidity, especially within the Solana ecosystem.
High transparency with clear information on trading mechanics and fee structures directly on their website.
Website Transparency
The website offers clear information about trading processes and fees, though could improve on team transparency.
Currently operates solely on the Solana network, which may be restrictive for users seeking multi-chain options.
Credit/Debit Card
Limited to the Solana network, which, while fast and cheap, restricts users looking for multi-chain trading options.
As a non-custodial DEX, Orca does not offer storage; users maintain control of their private keys.
Storage Offering
As a DEX, Raydium does not offer custodial storage, relying on users to manage their wallets securely.
Provides opportunities for staking and earning rewards, enhancing the profitability for liquidity providers.
Staking and Rewards
Offers robust staking options and rewards, making it an attractive platform for users looking to earn through DeFi activities.
The website is user-friendly, well-designed, and easy to navigate, making trading straightforward for all users.
Mobile App and Desktop
Raydium’s website is user-friendly and well-designed, making navigation and trading simple and efficient for all user levels.
Customer support is available, but as a decentralized platform, it may not be as robust as services offered by centralized exchanges.
Customer Service
Limited customer support options with no live chat or 24/7 service, which can be a downside for users needing immediate help.
Instant and direct from user wallets, Orca facilitates seamless deposits and withdrawals without holding user funds.
Deposit and Withdraw
Deposits and withdrawals are handled through users’ wallets with no intermediaries, enhancing security but requiring user diligence in transactions.

Key features

Analysis tools

Basic trading charts, price tracking, liquidity pool analytics, and transaction history.
Trading charts, order book, liquidity pool analytics, and price impact indicators.

Mobile APP

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

Security

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.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Additional features

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.
Raydium offers AcceleRaytor for launching new projects, dual yield farming, integration with the Serum DEX for advanced trading, and staking opportunities for RAY tokens with additional rewards.

Anonymity

Yes, Orca allows users to trade anonymously by connecting their wallets, without requiring personal information.
Yes, Raydium allows for anonymous account usage through wallet connections on the Solana blockchain.

Key points

Available cryptocurrencies

Solana (SOL), Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and various SPL tokens on the Solana network.
Solana (SOL), Raydium (RAY), Ethereum (ETH), Bitcoin (BTC), USD Coin (USDC), and multiple SPL tokens on the Solana network.

User-friendliness

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.
Raydium provides a seamless user experience with its integration into the Solana ecosystem, offering fast and low-cost transactions. The platform is relatively easy to use, but new users might need some time to get accustomed to the Solana-based operations and features.

Value for money

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.
Raydium is cost-effective due to its integration with the Solana ecosystem, offering low transaction fees and high-speed trades. Its dual liquidity provision (AMM and Serum DEX order book) maximizes value for users seeking efficiency and low costs.

Countries of operation

Available globally, focusing on regions supporting Solana.
Available globally, focusing on regions supporting Solana.

Best for

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.
Ideal for both new and experienced traders who value fast and low-cost transactions on the Solana network. Its integration with the Serum DEX provides advanced trading capabilities, making it a good fit for those looking for both simplicity and depth.

Account

Trading

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.
Raydium operates on the Solana blockchain, providing high-speed and low-cost transactions. It integrates with Serum, offering deep liquidity pools. Raydium is excellent for traders looking for fast transactions but still lacks the extensive token support found on Ethereum-based DEXes.

Deposit and withdrawal

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.
Raydium utilizes the Solana blockchain, offering fast and low-cost deposits and withdrawals. Users can connect Solana-compatible wallets, such as Phantom or Sollet, to trade. The efficient transaction process is appealing, but users must handle wallet management and security themselves.

Account opening process

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.
Raydium utilizes Solana-compatible wallets like Phantom for users to start trading. The process involves connecting the wallet to the platform without any formal registration, ensuring user privacy and ease of access. This approach is efficient but requires users to be diligent about wallet management and security.

KYC required?

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

Customer Service

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.
Raydium offers customer support through community forums, social media, and its help center, which includes comprehensive documentation and FAQs. The community-driven support is robust, but users who prefer direct customer service may find this approach lacking in immediacy and personalization.

Security

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.
Raydium benefits from the high security standards of the Solana blockchain. It has implemented multiple audits and employs advanced security practices to safeguard user assets and transactions.

Which of these exchanges is for you?

As an expert on our website, I 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.
As an expert closely following the developments in decentralized exchanges, I recommend giving Raydium a try, especially for those intrigued by the DeFi space and looking for low transaction fees and fast trades. The platform’s unique integration with Serum DEX and its operations on the Solana blockchain offer a seamless trading experience. However, keep in mind the importance of staying informed about the blockchain’s performance and diversifying your DeFi activities to manage risks effectively. Happy trading!

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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 Orca vs Raydium [ 2024 ]