The token mining protocol @OREsupply that infamously crashed Solana in 2024 just crossed $1M in 24h revenue - putting it ahead of Aave, Jupiter, and Phantom.
The surge follows a shift from traditional PoW mining to a speculative, gamified model where users wager SOL on a 5×5 grid.
The winning block is randomly selected every minute, and the users are rewarded with SOL & ORE based on their weighted wager on the winning block.
The protocol takes a 10% cut in SOL wagers to fund ongoing ORE buybacks. Over the past week, it’s driven:
- 22.5k SOL in revenue
- 10.5k ORE bought back
- A resultant +300% move in ORE price
The model relies on sustained inflows and price momentum and works as long as new players keep entering the grid.
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