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Say hello to @formation_so.
Orca is merging with @Loopscale to bring Solana's deepest liquidity and fixed-rate credit into one full-stack DeFi platform. Trade it, borrow against it, put it to work in a vault.
$1.7B in RWA volume was built on Orca. @formation_so is where we scale it.
Shoutout to @birdeye_data for the data.
Solana’s RWA market is gaining serious traction, with @orca_so emerging as a key venue for tokenized asset trading.
Since July 2025, Orca has recorded $1.7B+ in cumulative trading volume for tokenized assets, including a 400% surge in June 2026.
Momentum is carrying into October, with RWA volume exceeding $220M in the first half of the month alone.
With Orca and Loopscale now migrated to @formation_so, the ecosystem could be entering an exciting new phase for on-chain RWAs.
Data powered by @birdeye_data.
Orca 🌊 retweeted
Formation 🤝 Superstate
Congrats to @orca_so and @Loopscale on joining forces under @formation_so! Great to see trading and lending infrastructure coming together to expand what's possible for tokenized assets.
Excited to continue working together.
Orca 🌊 retweeted
HUGE: Solana exchange @orca_so and lender @Loopscale have merged as @formation_so, combining trading, lending and vaults to finance tokenized assets.
Orca 🌊 retweeted
Orca and Loopscale merge into @formation_so
@orca_so and @Loopscale are coming together as Formation, building the capital formation and allocation network of the frontier economy, powered by tokenization and onchain finance.
Congrats to our member Orca 🐋
Catch Orca's new CEO @Luketruitt speaking at @token2049.
Thursday, 12:30pm SGT on the MEXC Stage.
Catch Loopscale Co-Founder @Luketruitt on "Growing the Pie: Why New Issuers and Allocators Are the Future of DeFi" at @token2049.
Alongside:
@JosephChee_, Solana Company
Heyryung Choi, Shinhan Asset Management
@0xkfei, SBI Holdings
Moderated by @EleanorTerrett, Crypto in America
MEXC Stage
Thursday, October 8, 12:30PM SGT
Orca 🌊 retweeted
You have no idea how BULLISH this is
Orca and Loopscale merge to build the future of onchain finance
Literally a beast in the making
But what does it mean for you?
- For users nothing will change
- Orca & Loopscale stay as as they are
Both protocols remain the base of the ORCA/xORCA token network
More coming soon 👀
Orca 🌊 retweeted
When I joined @orca_so in early 2022, DeFi had no clear path into American capital markets. We've spent years working with U.S. regulators to help open one.
The SEC's Innovation Exemption carves a real path, and Formation plans to operate a tokenized securities venue under it.
Liquidity alone isn't enough to scale an asset. It takes credit and distribution too, and that's what Orca and @Loopscale bring together in Formation.
Thank you to the Orca community, LPs, and team, past and present. Let's build.
Orca 🌊 retweeted
After 4.5 years building @orca_so and $550B+ in volume, Orca and @Loopscale are merging to become @formation_so.
I've worked alongside @luketruitt, @marygooneratne and the Loopscale team for years. Excited to be building financial infra for the frontier economy with them!
EXCLUSIVE: Solana's Orca merges with Loopscale in push to finance AI, robotics and defense theblock.co/news/defi/2026-1…
Orca 🌊 retweeted
Thrilled and grateful to announce the next chapter: Orca and Loopscale are merging to become Formation.
@truittluke and I started in 2021 with a shared belief that crypto’s promise extends far beyond crypto assets.
Bringing offchain assets onchain is a massive market. But, we believe the transformational opportunity is lowering what we call the “minimum viable asset”: the point at which something becomes economical to finance.
Technology dramatically lowered the cost of starting a software company or selling online but capital markets have not kept pace. The industries emerging now need financial infrastructure to scale with them.
This is what we are setting out to do.
Orca has processed more than $550B in trading volume. Loopscale has facilitated over $2B in loans and holds more than $150M in deposits. Orca and Loopscale are two of the leading protocols on @Solana. And together, we are able to offer a unified path from issuance to secondary liquidity, credit, and vault distribution on a single platform.
I’m incredibly proud of what we’ve built, what we’ve learned, and the team we now have to pursue this ambition at a much greater scale. And to everyone who traded, borrowed, lent, deposited, or supported us in any fashion along the way, thank you and L.F.G. ♥️
For traders and LPs: Orca runs as normal. Every Whirlpool position, fee and reward stays as it is. There's nothing to withdraw, migrate or sign.