Secret Network Supply Quadruples Amid Governance Decision

A governance decision by the Secret Network community led to an unexpected quadrupling of SCRT supply on August 21, 2026. The new total supply is now 1,443,318,642 SCRT, up from around 362 million just a day prior.

The increase was triggered by Proposal 365, titled 'Community Continuance of Secret Network (L1)', which was passed with an approval rate of 88.6 percent after stripping out abstentions. The proposal introduced a software upgrade named v1.26.0-community-continuance and included a one-off new issuance of tokens, dubbed a dilution mint.

The dilution mint resulted in the creation of around 1.081 billion new SCRT, which represents about three-quarters of the total supply increase. Despite the significant change to the token's supply, holders' balances remain unchanged, only their percentage share of the total has decreased.