Solana validators have approved a governance proposal to accelerate the network's disinflation schedule, with 67% voting in favor of the measure. The vote achieved 60.7% participation among eligible stake holders.
The approved proposal, designated SGP-0002 or Double Disinflation, increases Solana's annual disinflation rate from 15% to 30% while maintaining the network's long-term inflation target of 1.5%. Under the new timeline, Solana is expected to reach its terminal inflation rate in approximately 2.8 years, compared with 5.7 years under the previous schedule.
The change is projected to result in an estimated 18.9 million fewer SOL tokens being issued over the next six years. While this reduces dilution for SOL holders, it also lowers staking rewards for validators and delegators.
The vote represented Solana's first binding governance process. Major network participants held divided positions on the proposal. Figment, the largest voter with 17.1 million SOL staked, voted against the measure entirely, while Helius and Jupiter overwhelmingly supported it. Kraken initially voted against the proposal but shifted its position during voting, with over 90% of its approximately 8.9 million SOL voting stake ultimately backing the measure.
The governance vote occurred as Solana investment products attracted significant capital inflows. Bitwise's Solana ETF recently surpassed $1 billion in assets under management, becoming the first Solana ETF to reach the milestone. US Solana ETFs have collectively attracted approximately $1.7 billion in cumulative net inflows since launch.
