Solana Validators Speed Up Token Emission Reduction Schedule

On August 28, Solana's validator community voted in favor of accelerating the network's token emission reduction schedule. The 'Double Disinflation' proposal, known as SGP-0002, aims to reduce inflation by increasing the yearly disinflation rate from 15% to 30%. This change will result in terminal inflation of 1.5% being reached approximately 2.8 years sooner than previously projected.

The vote required a two-thirds majority and achieved 67% approval, with 25.16% voting against the proposal and 7.84% abstaining. The new schedule means that roughly 18.9 million fewer SOL tokens will be printed over the next six years, benefiting token holders through reduced dilution.

Solana's spot ETFs saw a surge in demand during this period, attracting $138 million in net capital inflows over a 10-day window. Bitwise's BSOL fund surpassed $1 billion in total assets under management, becoming the first Solana ETF to achieve this milestone.