Solana has activated on-chain governance voting on three proposals: a formal constitution framework, an 18.9 million SOL emissions cut over six years, and a resource fee mechanism designed to increase daily SOL burns from approximately 648 to 9,000 tokens.
The fee structure targets validator revenue, which has declined 87 percent. JitoSOL's liquid staking override mechanism played a decisive role in Solana's closest vote to date, underscoring how liquid staking derivatives concentrate governance influence.
SOL traded near $105, up 8 percent over 24 hours and 44 percent on the month.
