Community curated by people like you

Fair financing stories

Oct 7, 2026

Solana's Orca merges with Loopscale to form Formation

Solana-based decentralized exchange Orca and lending platform Loopscale merged under the new name Formation, with plans to focus on financing AI, robotics and defense sectors.

Oct 7, 2026·2 sources

00

Top claims

▪Solana-based decentralized exchange Orca and lending platform Loopscale merged under the new name Formation, as announced to The Block
▪Orca has processed over $550 billion in trading volume since 2021 and raised $18 million in 2021 in a funding round co-led by Polychain Capital, Placeholder, and Three Arrows Capital
▪Formation plans to roll out tools for asset issuers and new investment strategies over the next year, aiming to cut costs and eventually offer access to regulated U.S. capital markets

Subtopics

Decentralized exchange (DEX)1 DeFi1 DeFi lending1 Media mergers and acquisitions1 Solana ecosystem1

Related timelines

AI Data Center Gold Rush

Russia-Ukraine war

Trump administration

Venture capital funding

Crypto hacks