In the fast-paced world of Solana, where meme tokens often steal the spotlight, a different kind of project is quietly making waves. ORE, a proof-of-work mining protocol built right on Solana, just hit a major milestone with its new supply system. According to a recent tweet from Matty Tay, co-founder of Colosseum and former Solana team member, ORE is now generating over $100K in daily revenue. That's no small feat, especially when you consider it's out-earning most protocols on the chain.

The chart shared in the original tweet paints a clear picture: $126,252 in revenue over the last 24 hours. To give some context, only a handful of heavy hitters like Pump.fun (a popular meme token launcher), Axiom, Jupiter (a leading DEX aggregator), and Meteora (a liquidity provider) are pulling in more daily bucks on Solana. For everyone else in the ecosystem, ORE is setting a new bar.

What Is ORE and Why the Hype?

If you're new to this, ORE is essentially Solana's take on Bitcoin-style mining, but supercharged for speed and accessibility. Unlike traditional proof-of-work chains that require hefty hardware, ORE lets anyone mine from a laptop, phone, or even a basic computer. It's built as a smart contract (or program, in Solana lingo) on the Solana blockchain, making it permissionless and fair. Multiple miners can snag rewards without stepping on each other's toes, and there's a staking boost for those holding ORE tokens to amp up their earnings.

Check out the official ORE Supply website for the full scoop, but here's the gist: ORE positions itself as a native store of value on Solana, with a focus on minimal trust and maximal freedom. No VCs, no insiders—just community-driven mining and development.

The New Supply System: A Revenue Machine

The real game-changer came a couple of weeks ago with the launch of ORE's updated supply system. This isn't just a tweak; it's a full-on deflationary model designed to create scarcity and value over time. Key highlights include:

• Capped Supply: Maxing out at 5 million ORE tokens to keep things rare.
• Controlled Emission: About 1 ORE minted per minute, rewarding consistent miners.
• Auto Buybacks and Burns: Here's where the revenue magic happens. 10% of all SOL mining rewards get funneled into protocol revenue. This SOL is then used to automatically buy ORE tokens on the open market and "bury" them—essentially locking them away or burning them to reduce supply.

This mechanism not only drives up the token's value through deflation but also generates that sweet daily revenue we're talking about. As more people mine and stake, the protocol rakes in more SOL fees, creating a virtuous cycle. For more details on the tokenomics, head over to ORE's tokenomics page.

Why This Matters for Meme Token Fans and Blockchain Builders

At Meme Insider, we usually dive deep into the wild world of meme tokens, but ORE's rise has ripple effects here too. Solana is meme central, with projects like Pump.fun birthing countless viral coins. ORE complements this by offering a stable, mineable asset that could serve as "digital gold" for the ecosystem. Imagine hedging your meme bets with something more grounded—ORE provides that without leaving Solana.

For investors, Matty's advice rings true: "It might make sense just to get some in case it catches on." With top traders holding strong (some with 90-100% of their positions intact after massive gains), and fresh capital flowing in, ORE's momentum is building. Sure, expect some pullbacks—crypto's volatile like that—but the fundamentals look solid.

If you're a builder or degen, this is a reminder of Solana's innovation edge. Protocols like ORE are pushing boundaries, blending PoW with high-speed blockchain tech. It's not just about memes; it's about creating real value in decentralized finance (DeFi).

Wrapping Up: Keep an Eye on ORE

ORE's jump to $100K+ daily revenue isn't just a stat—it's a signal that fair, accessible mining has a place in the future of crypto. Whether you're mining for fun, staking for yields, or just watching from the sidelines, this protocol is worth tracking. As Solana continues to dominate in speed and cost, projects like ORE could redefine how we think about value storage and rewards.

Stay tuned to Meme Insider for more updates on Solana's hottest trends, from meme explosions to protocol breakthroughs. If you've got thoughts on ORE, drop them in the comments below!