[Solana Ecosystem DEX Orca and Lending Protocol Loopscale Merge and Restructure as Formation] According to a report by Jinse Finance, on October 8, Solana ecosystem decentralized exchange Orca and lending protocol Loopscale merged and rebranded as Formation, with Loopscale co-founder Luke Truitt serving as CEO. Formation will integrate Orca's trading infrastructure with Loopscale's lending and investment vault products to provide an all-in-one service for emerging assets, covering issuance, financing, and trading. The company plans to expand its business into capital-intensive sectors such as AI, energy, robotics, and defense, ultimately offering channels for related assets to enter regulated U.S. capital markets. Over the next 12 months, Formation will launch tools for asset issuers and new investment strategies, and has already partnered with Figure, Shinhan Asset Management, Superstate, R3, and Securitize to facilitate asset market entry and distribution.