Solana’s Governance Crossroads: MESA Proposal Aims to Overhaul Tokenomics Amid Challenges

As Solana (SOL) navigates network challenges and governance debates, Galaxy Digital’s MESA proposal emerges as a potential solution to reshape its tokenomics and voting mechanisms. This comes after the failed SIMD-228 vote earlier in 2025, highlighting the need for structural reforms in one of crypto’s top-10 blockchains.

Q&A: MESA Proposal to Reshape Solana’s Tokenomics and Governance

Solana’s (SOL) rise to a top-10 cryptocurrency has been fueled by its speed, developer activity, and growing DeFi and NFT ecosystems. However, it has faced challenges such as network outages, inflation-related governance debates, and a decline from its all-time high. A significant governance vote, SIMD-228, failed to meet the approval threshold earlier this year. Galaxy Digital is now proposing an alternative voting mechanism called Multiple Election Stake-Weight Aggregation (MESA) to address these issues.

Solana dApps Generate More Revenue Than All Other Chains Combined

In the last 12 months, Solana (SOL) dApps have generated more revenue than dApps on all other chains combined. According to a report by Syndica published on April 18, Solana dApps earned $2.8 billion in revenue, which is 47% more than the dApp revenue on all other chains combined. Solana’s dApp earnings began outpacing all other chains in October of last year, and the gap has only continued to widen. These figures indicate that Solana’s ecosystem remains highly attractive to both users and developers, due to its low fees and focus on user experience.

Solana Founders Returning to Cypherpunk Roots: Colosseum’s Taylor

Colosseum, a hackathon organizer and incubator for Solana startups, revealed exciting trends from its newest hackathon. Matty Taylor, Co-founder of Colosseum, mentioned a return to crypto cypherpunk roots as one of the most exciting developments. Taylor cited privacy-preserving applications and new approaches to DAOs as examples. He also noted that high-performing Solana founders are showing interest in these areas.

Solana (SOL) Breaks Higher, But $136 Wall Could Trigger Pullback

Solana (SOL) is on a bullish run, up 11% over the past seven days and trading at $133.35. The cryptocurrency surged as high as $136.18 in a 24-hour trading peak before retreating modestly. Resistance at $136 remains a crucial barrier to further gains, and short-term indicators hint at a pullback toward the $118–$109 range. Despite this, SOL is still trading above critical moving averages such as MA5 up to MA60.