Solana News Today: Orca Launches Wavebreak to Challenge Launchpad Dominance With Anti-Bot Mechanisms

Orca, one of the longest-standing DeFi platforms on Solana, has entered the launchpad war with the introduction of Wavebreak, its new no-code token creator. The platform aims to challenge existing competitors like Raydium and pump.fun by offering a more human-friendly, anti-bot environment and introducing new mechanisms to reward conviction and community building [1].

Wavebreak is Orca’s response to the rise of memecoins, market manipulation, and rapid token flipping on Solana. The platform promises a fairer launch mechanism that rewards creators with substantial incentives while ensuring equitable access to launches. Like pump.fun’s initial model, Wavebreak allows users to speculate on token price curves. Once a token reaches an 85 SOL market cap or a binding curve, it graduates to the Orca Whirlpool and becomes tradable on DEXs and external aggregators [1].

Upon graduation, 19.32% of the token’s supply is pooled with 84 SOL in liquidity, which is automatically locked and owned by the creator. The creator is entitled to 87% of all trading fees generated within the pool permanently. While the 1 SOL graduation fee is higher than that of some competitors, Wavebreak introduces unique features such as anti-bot mechanisms and purchase caps per transaction, aimed at preventing sniper attacks and malicious bundling [1].

SolanaFloor reached out to Orca for clarification on its anti-bot measures, but as of publication, the DEX had not responded. However, details surrounding the launch of the $TUNA token suggest Orca’s anti-sniper toolkit includes additional safeguards for human traders beyond just transaction limits. Some critics have likened the cap to outdated IDO models, but Orca’s anti-bot architecture is reportedly more complex and user-protective [1].

Wavebreak also features a novel reward mechanism. Users earn points based on trading volume during the day, and a portion of each graduated token is allocated to a daily reward pool. These rewards are distributed to Wavebreak users in proportion to their points every evening at 8 PM EST. While this is a unique way to reward users, it introduces an unusual dynamic to the nascent token market. The daily reward distribution could act as a bearish catalyst for the related token, much like some traders argue airdrops dilute the circulating supply of a newly listed asset [1].

The launchpad has become one of the most lucrative applications in the Solana ecosystem. At its peak, pump.fun generated daily revenues in the millions, and the current market leader, letsBONK, averages $1.57 million daily. If Wavebreak can capture a similar revenue share, Orca’s daily token buybacks of $ORCA could increase by approximately 30%. JUP Studio, for instance, recently averaged $22.7k in daily revenue. If Wavebreak replicates this performance, Orca would be able to allocate $4.5k per day to buy back $ORCA [1].

With an average daily income of $75,200 over the past week, this would represent a significant 30% boost in buyback capacity [1]. As Solana’s DeFi landscape evolves, the market increasingly demands that each DEX host its own token issuance platform. pump.fun’s year-long monopoly over the launchpad space led to a chain reaction, prompting DeFi applications to enter the launchpad war. Now, DEXs must operate full-stack trading environments—from token creation to AMM optimization [1].

Without providing users a way to freely deploy tokens on their platforms, DEXs risk being excluded from the lucrative memecoin trading volumes that now constitute a substantial portion of DeFi activity. Platforms like Axiom have already demonstrated explosive revenue potential, and the next frontier for launchpads may be professional trading terminals that allow DEXs to provide a complete trading experience [1].

If pump.fun remained the sole launchpad on Solana, PumpSwap would dominate the entire network’s trading volume. Therefore, DEXs and their launchpads must now actively cultivate and sustain a memecoin ecosystem to maintain competitiveness and market share. Failing to do so risks falling behind and becoming irrelevant [1].

Source: [1] Orca Joins Launchpad Wars With Wavebreak – What’s Different? (https://solanafloor.com/zh/news/orca-joins-launchpad-wars-with-wavebreak-what-different)