The Solana‑based ORE mining protocol reported its busiest week in months, with weekly mining volume approaching $12 million, the highest level since February 2026.
Active miner participation also rose to its highest count since June, indicating broader user engagement rather than activity driven by a few large participants.
Volume and fee figures
For October 2026, total mining volume reached approximately $45 million, marking a nine‑month high for the protocol. Over the trailing 30‑day period ending early November, ORE generated $4.24 million in fees.
How ORE mining works
ORE mining is conducted as a game on a grid, with each round emitting 1.2 ORE tokens. One token is awarded to the winning tile, while the remaining 0.2 ORE is placed in a lottery pool called the Motherlode, which functions as a jackpot.
The token supply is capped at 3 million ORE, and emissions occur at a fixed rate per round. Protocol fees are allocated to ORE buybacks and burns, with a portion also supporting native stakers.
Recent protocol updates
The current version of the game launched with the v3 grid in late 2025, introducing the round‑based tile structure that underpins current activity.
Implications for holders
The protocol’s feedback loop ties mining activity to fee generation, which funds buybacks and token burns, reducing circulating supply against the capped maximum. Conversely, a slowdown in mining would reduce fees, shrink buybacks, and diminish demand.
Trailing fee data, such as the $4.24 million recorded over the past 30 days, is a key metric for assessing the sustainability of the current pace.
While the rising miner count suggests depth to the rebound, a decline in active participants could indicate that volume is being driven by a smaller group of large players.
