Solana is experiencing several network and governance developments, highlighted by a proposal that could significantly alter its token issuance schedule.
Disinflation Proposal Reaches Quorum
A double disinflation proposal on the Solana network has reached quorum, drawing 45.24% participation with approximately 30% voting in favor. If passed, the proposal would increase Solana's disinflation rate from about 15% to 30%, slowing the rate at which new SOL enters circulation.
According to Solana Validator Governance data, this adjustment could reduce future issuance by roughly 18.9 million SOL over a six-year period. At current estimates, that reduction is valued at about $1.47 billion.
Growth in Agentic Transactions and Platform Support
In addition to governance updates, Solana recently surpassed Base in agentic payment transactions for the first time. Data from Token Terminal indicates that the network processed over 1.5 million automated, machine-driven transactions in a single day, marking a new all-time high after Solana's share grew over a two-week period while Base's declined.
Furthermore, Charles Schwab announced plans to introduce SOL trading to Schwab Crypto in the coming months. Solana will join Bitcoin and Ethereum as supported assets on the platform.
Market Performance and Technical Indicators
SOL rallied from the low-$70s in early August to $107 at press time, with the Directional Movement Index indicating a bullish trend. However, market watchers noted that the Relative Strength Index reached approximately 85, placing it well above overbought territory and suggesting the recent upward move may be pushed to its limits.
