ORE climbs to third place on the Solana smart money board with $148K net volume as institutional investors place large bets on the mining protocol’s return.ORE climbs to third place on the Solana smart money board with $148K net volume as institutional investors place large bets on the mining protocol’s return.

ORE Token Hits 3rd on Solana Smart Money Board

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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. HardhatChad made the necessary decision to shut down mining altogether.

ORE, after months of work, launched a completely revised V2 protocol in August 2024. The new protocol brought significant improvements through its proof-of-work mining while ultimately still pursuing the original intention of fair token distribution. ORE’s price rose by more than 150% in 24 hours from its October return, and more than 700% for the week. Current prices are around $118 and have returned 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 seems more than just retail hype and has attracted significant attention from veteran traders or investors. The StatsHQ smart money board shows some solid trading figures: a net volume of $148,070 sits ORE in third place, with $205,100 of buys and $57,030 of sales. The largest single buyer purchased $144,270 worth of tokens, a level of confidence generally consistent with long-term institutional positioning.

ORE’s revenue model is particularly noteworthy because the protocol now uses all its profits for buybacks to keep market pressure on purchases. This has allowed ORE Supply to surpass some of the more obvious protocols like Raydium and Helium and have the 3rd highest daily holder revenue of any Solana application. Since its soft relaunch, daily revenue generation has increased from $28,000 on October 20 to peaks exceeding $105,000 in just days. This revenue-sharing model is perfectly aligned with the broader trend in decentralized finance to return value directly to token holders.

Technical Innovation Powers Sustainable Growth

ORE’s successful comeback is based on significant Solana network improvements since April 2024. The blockchain implemented updates enhancing compute unit limits, significantly improving its ability to handle resource-intensive applications without compromising stability.

The redesigned V2 mining mechanism is a vital component. Miners now use inexpensive and readily available hardware, and are guaranteed rewards based on hash difficulty, which is different from the original protocol that dominated the network. It is a simple process, miners generate hash functions through the DrillX algorithm for a period of 60 seconds, submit their best hashes and are rewarded for their submissions proportionally.

ORE’s comeback corresponds with expanded development in the Solana ecosystem. The blockchain recently obtained approval for spot exchange-traded products in the United States. CoinShares stated that institutional adoption increased significantly, registering $1.16 billion inflows for Solana investment products for year-to-date September 2025.

Conclusion

The experience with the ORE token has gone beyond the standard token lift. It is an interesting experiment in transitioning proof-of-work mining to modern blockchains. There is real potential for genuine economic incentives by charging miners a share of revenues via the protocol and the fixed supply of 5 million coins creates a natural cost. In 2025 as cryptocurrency markets mature, the movement of ORE to third place on the smart money board validates the idea that investors reward the protocols that respond to real problems while generating real value for network.

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