Ordr is a fully onchain order book exchange on Solana designed to open up market making, which on Solana is dominated by proprietary AMMs run by single operators. Each market maker gets a private order book account, a shared capital vault across markets, and single-update repricing, with order flow sequenced through ACE and Jito BAM to limit exposure to toxic arbitrage. The protocol is governed by ORDR holders through MetaDAO futarchy.
Ordr was founded by Vinaya Prasad R (CEO), Avhi Mazumder (CTO), Manoj Dasari (CIO), and Arjun Cheviri (COO), four Solana developers whose prior work includes contributions to Agave, Blueshift, Anchor, and MagicBlock. The team's thesis is that proprietary AMMs (propAMMs), which supply much of Solana's best liquidity, are closed to outside market makers because they depend on years of custom infrastructure, and that an open order book can offer comparable performance to any participant.
The design gives every market maker its own order book account (the Shard Book) to avoid shared write contention, a single Global Vault that holds a maker's capital across all markets with just-in-time settlement when orders match, and orders stored as offsets from the mid price so an entire book can be repriced in one O(1) update. Orders are sequenced through ACE and Jito BAM so makers can cancel before predatory MEV reaches them. As of October 2026 a devnet is live and public mainnet has not launched.
Ordr raised $150,000 in a MetaDAO ICO at $0.015 per ORDR, with about $9.3 million committed and the excess refunded pro rata. ORDR has a 25.8 million token supply, half of which is a team Performance Package locked until January 2028 and released only at price milestones. Governance runs through MetaDAO futarchy decision markets, the protocol's IP is held by a Cayman Islands SPC governed by the DAO, and there is no separate foundation or development company.
