Solana Validators Vote on Supply Cuts, Fee Burn Plans

Solana validators are voting on three governance proposals that could reshape how the network manages token supply and future economic rules. The measures focus on reducing SOL issuance, increasing token burns, and setting the governance framework.

One proposal, SGP-0002, has gained significant support with 68.77% of the vote in favor. It would double the annual reduction in SOL issuance from 15% to 30%, bringing Solana's inflation rate down to 1.5% by around 2029 instead of 2032.

Another proposal, SGP-0003, seeks to change how Solana charges transaction fees. The plan could raise daily SOL burns from about 650 tokens to between 7,500 and 9,000, with the upper range equaling about $800,000 per day at recent prices.

The third proposal, SGP-0001, sets the process for Solana governance votes, including voting rights, stake weighting, participation rules, and approval requirements. It has gained broad backing with 95.35% support and only 0.22% opposition.