ORE fell below $900, down nearly 80% from its high point
According to BlockBeats, on April 7, according to market data, ORE fell below $900 and is now quoted at $884.3, a drop of nearly 80% from its historical high.
It is reported that ORE is a mineable token that was deployed to Solana on April 2, providing people who deposit SOL into smart contracts with the opportunity to obtain a protocol reward of 1 ORE per minute by correctly solving cryptographic puzzles similar to proof-of-work operations. Since yesterday afternoon, ORE miners have created about 1 million transactions per hour, greatly increasing Solana's congestion, while the chain can only process about 30 million non-voting transactions a day.