Solana Validators Vote to Double Disinflation Rate in Narrow Margin

Solana's validators have voted to double the network's disinflation rate, passing a proposal by a narrow margin. A last-minute vote switch by Kraken validator flipped the outcome, and the financial cost falls on the validators who supported it.

The new disinflation schedule will remove about 18.9 million SOL from the planned issuance over the next six years, an amount equivalent to roughly $2.2 billion at current prices. This change does not stop new supply from being created or affect coins already owned by holders but slows overall growth with long-term effects rather than immediate ones.

The vote's outcome was influenced by key network players, including validators who cast votes based on their stake holdings. Kraken and Galaxy Digital switched their positions in the final hours before the deadline, with their earnings tied to the rate of new issuance.