Orca: Merger with Loopscale brings teams and technology together as Formation - 08 Oct 2026

Orca and Loopscale are combining to operate as Formation on 8 October 2026, merging their teams and technology. The combined operation aims to expand onchain financial markets and finance areas such as AI, robotics and defense.Formation brings trading, lending and vaults into one operation, broadening the business beyond Orca's thin trading-fee base. Loan interest and management fees add revenue sources alongside trading fees, changing both the services offered and the revenue model. The announced combination does not specify new terms for ORCA's token economics, so the broader revenue base does not establish how token holders will be affected.