MNDE vs ORCA
Marinade 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
MNDE scores 119 of 250 and ranks 71st of 251. ORCA scores 123 and ranks 56th. ORCA leads by 4 points, which is inside the range where the individual variables matter more than the total. MNDE takes 2 of the 25 variables, ORCA takes 6, and 17 are level.
The framework rates MNDE WATCH 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.
No single variable separates MNDE and ORCA by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Buyback and Burn, Institutional Adoption. 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.
ORCA is valued at $167.2M against $15.6M for MNDE, a 10.7x 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 | 4 | 5 | ORCA +1 | |
| Revenue Trend | 5 | 5 | level | |
| P/S Multiple | 5 | 5 | level | |
| Real Staking Yield | 5 | 4 | MNDE +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 6 | 6 | level | |
| Circulating / FDV Ratio | 6 | 5 | MNDE +1 | |
| Buyback and Burn | 3 | 3 | level |
Ownership
| Smart Money Flows | 5 | 5 | level | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 5 | 5 | level | |
| Active Users | 5 | 6 | ORCA +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 5 | 6 | ORCA +1 |
Position
| Market Share | 5 | 5 | level | |
| Competitive Moat | 5 | 5 | level | |
| Institutional Adoption | 3 | 3 | level | |
| Exchange Depth | 4 | 5 | ORCA +1 | |
| Social Mindshare | 4 | 5 | ORCA +1 |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 4 | 5 | ORCA +1 | |
| BTC Alpha Potential | 4 | 4 | level | |
| Team Execution | 6 | 6 | level | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: MNDE 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
| MNDE | ORCA | |
|---|---|---|
| Price | $0.0286 | $2.75 |
| Market cap | $15.6M | $167.2M |
| Circulating | 54.6% | 60.8% |
| Dilution to full supply | 1.83x | 1.64x |
| Off all-time high | -98.3% | -86.5% |
| To recover the high | 58.8x | 7.4x |
| Total value locked | not published | 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
MNDE · WATCH
Solana staking growth & mSOL adoption; upcoming dual-governance upgrade
Competition from JitoSOL & liquid staking protocols; Solana network risk
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 MNDE or ORCA the better investment?
- On this framework ORCA scores higher: 123 against 119 of 250, and it is rated CAUTIOUS HOLD against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and MNDE still wins 2 of the 25 individual variables against ORCA.
- What is the biggest difference between MNDE and ORCA?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, MNDE or ORCA?
- MNDE is valued at $15.6M and ORCA at $167.2M on the latest market snapshot.
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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.