JUP vs ORCA
Jupiter and Orca scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
JUP scores 151 of 250 and ranks 19th of 251. ORCA scores 123 and ranks 56th. JUP leads by 28 points, which is a wide enough margin that the framework is not ambivalent. JUP takes 18 of the 25 variables, ORCA takes 3, and 4 are level.
The framework rates JUP HOLD and ORCA CAUTIOUS HOLD. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
4 variables separate them by 3 points or more. JUP is clear on Network Growth (9 against 6), Market Share (8 against 5) and Competitive Moat (8 against 5).
Both score 3 or below on Buyback and Burn. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
JUP still has 66.8% of its eventual supply to enter circulation against 39.2% for ORCA. On the same market capitalisation, a buyer of JUP is taking the 3.01x dilution path and a buyer of ORCA the 1.64x one.
JUP is valued at $1.04B against $167.2M for ORCA, a 6.2x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 6 | 5 | JUP +1 | |
| Revenue Trend | 4 | 5 | ORCA +1 | |
| P/S Multiple | 6 | 5 | JUP +1 | |
| Real Staking Yield | 4 | 4 | level |
Supply
| Supply Inflation | 6 | 5 | JUP +1 | |
| Vesting Schedule | 7 | 6 | JUP +1 | |
| Circulating / FDV Ratio | 3 | 5 | ORCA +2 | |
| Buyback and Burn | 3 | 3 | level |
Ownership
| Smart Money Flows | 6 | 5 | JUP +1 | |
| Insider Selling | 7 | 5 | JUP +2 | |
| Holder Concentration | 3 | 4 | ORCA +1 |
Traction
| TVL Trend | 7 | 5 | JUP +2 | |
| Active Users | 8 | 6 | JUP +2 | |
| Developer Activity | 7 | 6 | JUP +1 | |
| Network Growth | 9 | 6 | JUP +3 |
Position
| Market Share | 8 | 5 | JUP +3 | |
| Competitive Moat | 8 | 5 | JUP +3 | |
| Institutional Adoption | 5 | 3 | JUP +2 | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 7 | 5 | JUP +2 |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 7 | 5 | JUP +2 | |
| BTC Alpha Potential | 7 | 4 | JUP +3 | |
| Team Execution | 7 | 6 | JUP +1 | |
| Treasury Runway | 6 | 5 | JUP +1 |
Bars read outward from the centre: JUP to the left, ORCA to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| JUP | ORCA | |
|---|---|---|
| Price | $0.3145 | $2.75 |
| Market cap | $1.04B | $167.2M |
| Circulating | 33.2% | 60.8% |
| Dilution to full supply | 3.01x | 1.64x |
| Off all-time high | -84.3% | -86.5% |
| To recover the high | 6.4x | 7.4x |
| Total value locked | $2.94B | not published |
| Network | Solana | Solana |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
JUP · HOLD
Net-zero emissions (Feb 2026), Securitize onchain equities live, Jupiter Lend $2B+ TVL, Jupnet omnichain (testnet)
Revenue -78% ($580M→$129M), buyback halted ($70M failed), LIBRA scandal, 72% whale concentration, Jupnet testnet only
ORCA · CAUTIOUS HOLD
Orca's concentrated liquidity v3 launch on Solana mainnet in March 2025, targeting 2x TVL growth.
Solana network outage lasting >4 hours (as in Feb 2023) halts all Orca trading and liquidity.
Common questions
- Is JUP or ORCA the better investment?
- On this framework JUP scores higher: 151 against 123 of 250, and it is rated HOLD against CAUTIOUS HOLD. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and JUP still wins 18 of the 25 individual variables against ORCA.
- What is the biggest difference between JUP and ORCA?
- Network Growth. JUP scores 9 of 10 there and ORCA scores 6, a gap of 3 points on a single variable.
- Which is bigger, JUP or ORCA?
- JUP is valued at $1.04B and ORCA at $167.2M on the latest market snapshot.
Related comparisons
Keep reading
Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.