The Solana ecosystem is buzzing with excitement after a recent tweet from SolanaFloor highlighted a major milestone for ORE, a unique Proof-of-Work (PoW) protocol built on Solana. According to the post, ORE has smashed through the $1 million mark in daily revenue, setting a new all-time high. This isn't just a win for ORE—it's a signal of how innovative protocols are driving real economic activity on Solana, especially in the meme token space where fun meets finance.

As shown in the chart from Blockworks, ORE's revenue has been on a steady climb since August, culminating in this explosive peak on November 9, 2025. But what exactly is ORE, and how did it pull off this feat?

Understanding ORE: A Meme Coin Turned Mining Powerhouse

Originally launched as a fair-launch meme coin inspired by Bitcoin's ethos, ORE has evolved into something much more sophisticated. It's a Solana-native cryptocurrency that brings PoW mining to a blockchain known for its speed and low costs—typically associated with Proof-of-Stake (PoS). Unlike traditional mining that requires heavy hardware, ORE makes it accessible: anyone can mine using everyday devices like laptops or phones through a simple interface.

The protocol's twist? It combines mining with probabilistic, gambling-like mechanics. Miners "deploy" SOL (Solana's native token) to participate in quick 1-minute rounds on a 5x5 grid. They solve light computational challenges, and winners claim ORE tokens along with a share of the SOL pool from other participants. This setup turns mining into a high-stakes game, where luck and strategy play key roles, appealing to the meme token crowd's love for risk and reward.

The Secret Behind ORE's Revenue Surge: Refining Fees and Deflationary Magic

What sets ORE apart and fuels its revenue is the "refining fee"—a 10% cut taken from mining rewards when users withdraw their ORE. Paid in SOL, this fee is the protocol's primary income source. Of that 10%, 90% gets burned (permanently removed from circulation), making ORE deflationary and potentially increasing its scarcity over time. The remaining 10% is distributed to stakers or used for protocol development, creating a sustainable economic loop.

This model has proven incredibly effective. As more people join the mining frenzy, the fee pool swells. Recent updates, like the probabilistic mining system introduced in late October 2025, have optimized efficiency and attracted even more participants. The result? Daily revenue skyrocketed to over $1 million, as reported, with annual projections potentially hitting $146 million based on community discussions on X.

For context, application revenue on Solana refers to the fees generated by decentralized apps (dApps) like ORE through user interactions. In ORE's case, it's mostly from these refining fees, which are captured on-chain and contribute to the network's overall vitality. This milestone places ORE among top earners in the Solana ecosystem, outpacing many peers and even drawing comparisons to platforms like Pump.fun.

Why This Matters for Meme Tokens and Blockchain Practitioners

In the world of meme tokens, where volatility is the norm, ORE stands out by blending meme culture with real utility. It's not just a joke—it's a functional protocol that's generating serious cash flow while rewarding its community. For blockchain enthusiasts, this highlights Solana's flexibility: hosting PoW on a PoS chain without compromising speed.

If you're looking to get involved, start by checking out the official ORE website for mining guides. Keep in mind, though, that mining involves risks like SOL deployment costs and the probabilistic nature of wins. As always, do your own research—crypto moves fast, and ORE's rise is a reminder of how innovation can turn underdogs into heavyweights.

This achievement isn't isolated; it's part of a broader trend where Solana dApps are pushing boundaries, with total app revenue hitting millions daily according to sources like DefiLlama. As ORE continues to refine its model, it could inspire more hybrid protocols, enriching the meme token knowledge base and empowering practitioners to explore new tech frontiers. Stay tuned— the Solana floor is heating up!