$SOL The project team has also started to add utility to SOL tokens

Solana has recently shown a clear outperformance versus many mainstream altcoins. Besides the broader market rebound, it’s also related to the latest governance reforms announced by the Foundation.
The biggest change is that validators holding more than 100k SOL can in the future directly initiate governance proposals on-chain. Previously, Solana’s upgrades were mainly led by the core development team; after discussion and consensus were reached through channels like Discord and GitHub, they would directly push client upgrades. Now, an on-chain governance mechanism has been officially introduced.
Going forward, protocol upgrades will be proposed by eligible validators and then decided by on-chain voting from all stakers, rather than relying entirely on the core team’s final call.
For Solana, the biggest significance of this step isn’t just short-term bullishness. It further improves the network’s decentralization level, while also giving token holders more governance power and a stronger sense of participation. The more complete the governance, the stronger the underlying value support for SOL itself—this is also one of the reasons why capital has begun refocusing on Solana in recent times.