Solana Validators Vote for Inflation Cuts and Higher Fee Burns

Solana (SOLUSD) validators have voted on two key proposals aimed at reducing inflation and tightening supply. SGP-0002 cuts staking yield, while SGP-0003 adds a burn fee to SOL transactions. The estimated daily burns are around 7,500-9,000 SOL.

The vote comes as Solana's on-chain activity reached a record 1.32 billion transactions between August 17 and 23. This surge in activity is closely tied to the governance proposals aimed at faster disinflation and higher fee burns.