ORE Becomes The Top Daily Revenue Protocol on Solana Overtaking Pump Fun

ORE Protocol has surged to the top of daily protocol revenues on Solana, overtaking the previously dominant Pump.fun for the first time. On November 23, 2025, ORE’s daily revenue reportedly reached about $611,424, compared with Pump.fun’s $532,508. The milestone highlights a rapid shift in user activity and sentiment across the Solana ecosystem.

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What is ORE and why is it suddenly everywhere?

ORE is a Solana native token protocol built around an open and accessible mining model. The project was created during a Solana hackathon by the pseudonymous developer HardhatChad and introduced a mining system that did not require GPUs or ASIC rigs. Early users could mine ORE with normal computers or smartphones. The project positioned itself as a fair launch with no pre-mine, no insider allocations, and no private rounds.

The recent surge in activity followed ORE’s shift from a simple Proof of Work style issuance model to a new gamified system that blends mining with wagering. Under the updated design, users deposit SOL into a five by five grid round. Some players win ORE while others lose their deposit. Ten percent of all deposits are used to buy back and burn ORE tokens. This approach has created a deflationary feedback loop in which rising activity drives more burns, which in turn reduces supply and increases demand pressure.

Because Solana supports extremely fast and low cost transactions, ORE’s game based mining system can process large amounts of activity. Daily revenue for the protocol has climbed into the hundreds of thousands of dollars, and cumulative revenue has grown rapidly. Screenshots shared by the team show the protocol surpassing 7 million dollars in revenue only weeks after launch.

The token’s market cap has risen as well. Recent onchain trackers place ORE’s valuation near 90 to 100 million dollars, driven by buybacks, scarcity, and consistent user participation.

Pump.fun slows down as competition rises

Pump.fun has been the dominant revenue source on Solana for most of 2024 and 2025. The platform allows users to launch memecoins instantly, and it collects fees from bond curve minting, liquidity provisioning, and trading flows. Its lifetime revenue is approaching one billion dollars, and it still generates large daily volumes.

However, Pump.fun’s daily revenue has leveled off in recent months. With the memecoin market becoming overcrowded and user attention shifting to new formats, the platform is no longer the automatic leader it once was. Newer projects now compete for attention, and ORE has become the most notable challenger to date.

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By surpassing Pump.fun’s daily revenue for the first time, ORE has signaled a shift in where Solana users are spending their SOL. Many participants are gravitating toward systems that offer instant outcomes, deflationary token flows, and a game like experience.

What’s next for ORE?

The rise of ORE reflects a broader trend in Solana’s culture. Users are increasingly drawn to experimental systems that combine speculation, game mechanics, and economic incentives. ORE’s model comes with risks since the mining rounds resemble gambling and many players lose SOL. Critics question the long term sustainability of a system that depends on continuous inflows.

For now, ORE has captured the market’s attention. Its deflationary mechanics, accessible mining game, and rapid revenue growth have made it one of the most watched protocols on Solana. The ecosystem will be watching closely to see whether ORE can maintain momentum or whether Pump.fun will reclaim its position at the top.