This VCM represents the SOL token's role as a token for blockspace purchases and the deflationary appreciation due to fee burning. Burnt fees originate from half the base fees of each transaction included in a block. A base fee is fixed at 5000 lamports per signature in a tx.
Represents the two use cases of staked SOL token enshrined in the protocol design: operation of a validator node or, alternatively, delegation of stake to an extant validator in order to receive a portion of his rewards without having to perform active work.
This VCM represents the value accrued from delegating stake to an active validator:
This VCM represents the value accrued from running a validator participating in the active validation set: