Orca DEX, the third-largest decentralized exchange on Solana, is set to initiate a token buyback initiative using its treasury assets, as revealed by a recent governance vote that currently shows 100% in favor. The proposal includes staking treasury assets in the Orca validator node, allowing for buybacks over the next two years. Currently, Orca holds $9.9 million in SOL and 503k USDC. Staking is anticipated to launch in September, which, alongside the buybacks, offers potential value accrual for ORCA token holders. For the year to date, Orca has generated significant fees, with 30% directed to the treasury for buybacks and 20% geared toward another buyback initiative. Despite being lower than competitors in market cap-to-revenue ratios, Orca is maintaining its position by innovating, such as launching a memecoin launchpad called Wavebreak. This platform aims to create a fairer environment for token launches.

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