ORE Token Hits 3rd on Solana Smart Money Board

This week, the Solana ecosystem witnessed a remarkable comeback, marking a renewed wave of investor confidence. ORE, the blockchain’s pioneering proof-of-work token, climbed to the third position on StatsHQ’s smart money board during this surge. With net volumes exceeding $148,000 and significant whale activity driving momentum, the mining token has become one of October’s most captivating DeFi narratives.

### From Network Impediment to Market Facilitation

There are few tokens in the Solana ecosystem with as interesting and stark a narrative as ORE. When it was launched in April 2024, the mining protocol almost brought the entire Solana network to its knees. Eager miners created transaction spam so massively it overcrowded the network to the point where the blockchain was almost unusable for normal business. In response, HardhatChad made the necessary decision to shut down mining altogether.

After months of work, ORE launched a completely revised V2 protocol in August 2024. The new protocol brought significant improvements through its proof-of-work mining mechanism while ultimately still pursuing the original intention of fair token distribution.

ORE’s price surged by more than 150% in 24 hours from its October return, and over 700% for the week. Current prices hover around $118, returning to levels previously seen in early August 2024, indicating that both retail and institutional investors have regained confidence.

### Smart Money Validates the Return

The latest price rally appears to be more than just retail hype—it has attracted significant attention from veteran traders and investors. According to the StatsHQ smart money board, ORE recorded a net volume of $148,070, placing it third overall, with $205,100 in buys and $57,030 in sales.

Notably, the largest single buyer purchased $144,270 worth of tokens, a level of confidence typically consistent with long-term institutional positioning.

ORE’s revenue model is particularly noteworthy. The protocol now uses all its profits for buybacks, applying market pressure on purchases. This strategy has allowed ORE Supply to surpass more prominent protocols like Raydium and Helium, securing the third highest daily holder revenue among Solana applications.

Since its soft relaunch, ORE’s daily revenue has increased from $28,000 on October 20 to peaks exceeding $105,000 within just a few days. This revenue-sharing model aligns perfectly with the broader trend in decentralized finance to return value directly to token holders.

### Technical Innovation Powers Sustainable Growth

ORE’s successful comeback is grounded in significant improvements made to the Solana network since April 2024. The blockchain implemented updates that enhanced compute unit limits, substantially improving its ability to manage resource-intensive applications without compromising stability.

A vital component of this comeback is the redesigned V2 mining mechanism. Unlike the original protocol, which overwhelmed the network, miners now use inexpensive and readily available hardware and are guaranteed rewards based on hash difficulty.

The mining process is straightforward: miners generate hash functions using the DrillX algorithm for a duration of 60 seconds, submit their best hashes, and receive rewards proportionally based on their submissions.

ORE’s resurgence corresponds with expanded development within the Solana ecosystem. Recently, the blockchain obtained approval for spot exchange-traded products (ETPs) in the United States. Furthermore, CoinShares reported that institutional adoption has increased significantly, registering $1.16 billion in inflows for Solana investment products year-to-date, as of September 2025.

### Conclusion

The experience with the ORE token has gone beyond a standard token lift. It represents an intriguing experiment in transitioning proof-of-work mining into modern blockchains.

As cryptocurrency markets mature in 2025, ORE’s rise to third place on the smart money board validates the idea that investors reward protocols that address real problems while generating tangible value for their networks.
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