ORE

ORE is a digital cash token built on the Solana blockchain, designed to function as electronic money that cannot be inflated or controlled by any central authority. It positions itself as a continuation of the original cryptocurrency idea — censorship-resistant, fixed-supply money — while addressing what its creators call the 'Proof-of-Work value leak,' meaning the energy and economic cost typically associated with mining on networks like Bitcoin. It is aimed at anyone who wants a form of digital money that is scarce, composable within the broader Solana ecosystem, and accessible through mobile mining.

ORE is issued on Solana, so it inherits Solana's own consensus mechanism rather than running its own, which is why no separate consensus algorithm or block time is recorded for the protocol itself. Users can mine ORE through a mobile-compatible process, which the project describes as resolving the inefficiencies of traditional Proof-of-Work mining. The token serves as the native asset of the ORE protocol, holding and transacting value within Solana's ecosystem and benefiting from any network-level upgrades Solana introduces.

The protocol recorded fees of 92,246 USD in the trailing 24 hours, 2,511,027 USD over the trailing 30 days, and 39,909,026 USD over the trailing 12 months, with a 30-day annualized fee run-rate of 30,550,828.50 USD. Fees and protocol revenue are identical in all periods reported, and the take rate stands at 100 percent over the trailing 30 days, meaning the protocol retains all fees rather than distributing them to a supply side such as liquidity providers or validators. Of the trailing 30-day revenue, 2,485,911 USD is classified as holder revenue, while supply-side revenue is recorded at zero. Fee and revenue growth over the last 30 days was negative 1.48 percent.