ORE

ORE is a digital-money protocol built on the Solana blockchain that describes itself as electronic cash designed to resist debasement and centralized control, positioning itself as a continuation of the philosophy Satoshi Nakamoto articulated with Bitcoin. The project takes its name from the 14th-century economist Nicholas Oresme, who argued that money should belong to its users rather than governing authorities. It targets anyone who wants a spendable, self-custodied currency that inherits Solana's speed and scalability without relying on a separate proof-of-work consensus layer of its own.

ORE runs as an application on Solana, meaning it uses Solana's existing validators for settlement rather than operating its own consensus mechanism — the block time field in the data is recorded as zero, consistent with this arrangement. The project describes its core innovation as resolving what it calls the proof-of-work value leak, a design choice that allows mining-style token issuance to be conducted on a high-throughput layer-one chain rather than a standalone network. The ORE token functions as the currency unit within that system, and the circulating supply of approximately 488,683 tokens sits well below the protocol's maximum supply of 3,000,000.

Fees in this protocol represent the cost miners pay to participate in the mining process, and because the take rate is 100 percent over the trailing 30 days, all fees collected flow to the protocol as revenue rather than to a separate class of liquidity providers or supply-side participants — supply-side revenue for the same period is recorded as zero. Over the trailing 30 days the protocol collected 2,715,229 USD in fees and revenue, with a 24-hour figure of 96,169 USD; the trailing 12-month total stands at 38,008,137 USD and the annualized figure derived from the 30-day run rate is 33,035,286.17 USD. Fees grew 60.69 percent over the last 30 days. Holders received 2,688,075 USD of that 30-day revenue, indicating that while the protocol retains 100 percent of fees at the collection level, a portion is distributed onward to token holders.