Solana validators have approved a governance proposal to accelerate the reduction of new token issuance, clearing the required threshold with 67% support in the network’s first binding vote cycle. The measure, known as SGP-0002 or Double Disinflation, increases the annual disinflation rate from 15% to 30% while leaving the long-term inflation floor unchanged at 1.5%.

Final tallies showed 176.29 million SOL in favor, 66.19 million opposed and 20.63 million abstaining. Participation reached 60.7% of eligible stake, or 433.49 million SOL, satisfying the one-third quorum. Support stood only 0.33 percentage points above the two-thirds majority needed for passage.

What the Approved Schedule Changes

Under the current path, Solana’s inflation declines by 15% each year until it reaches the 1.5% terminal rate in roughly 5.7 years. The approved change doubles that annual reduction rate. Projections indicate the network will hit the same 1.5% floor in approximately 2.8 years.

Authors of the accompanying technical document, SIMD-0550, estimate the faster schedule will remove about 18.9 million SOL from projected issuance over the next six years, equivalent to roughly 2.6% of the supply expected under the prior timeline. Issuance does not drop immediately. The governance result sets direction; activation requires client software updates, a feature gate called double_disinflation_rate, and coordination so every validator calculates the new schedule identically at an epoch boundary.

A previous attempt to link emissions more closely to staking participation, SIMD-0228, failed to reach quorum in March 2025 amid concerns over validator economics. The new proposal uses a fixed schedule that does not respond to staking levels.

Split Among Large Stakeholders

Major participants were divided. Figment, recorded as the largest voter with 17.1 million SOL, cast its entire stake against the proposal. Helius and Jupiter provided strong support. Kraken initially voted no, briefly pushing overall support below the threshold, then shifted so that more than 90% of its roughly 8.9 million SOL voting stake backed the measure by the close.

Nasdaq-listed Solana Company, which trades under the ticker HSDT, opposed both the disinflation change and a companion fee proposal. The firm said it favored lower issuance and resource-based fees as long-term goals but argued against altering established economic parameters in the first formal governance cycle. Institutions, it said, rely on predictable staking yields and transaction costs for forecasts, audits and budgets.

Companion Proposals and Broader Context

The same voting period approved a proposed Solana Constitution that establishes formal rules for future decisions and allows individual stakers to override their validators. Support for that measure exceeded 89%. A separate resource-and-inclusion-fee proposal, SGP-0003, received 53.9% support and failed to clear the two-thirds bar despite 61.14% participation.

That fee plan would have replaced the flat base-fee model with a fixed inclusion charge plus a resource-based component that is burned. Estimates placed potential daily burns between 1,500 and 9,000 SOL depending on the stage implemented, compared with roughly 648 SOL burned daily under the existing system. Even at the highest rate the added burn was projected at about 0.5% of supply annually against an inflation rate near 3.8%.

The governance results arrived as U.S.-listed Solana investment products continued to attract capital. Bitwise’s Solana ETF crossed $1 billion in assets, the first such fund to reach that level. Cumulative net inflows into U.S. Solana ETFs stood near $1.7 billion with limited sustained outflows since launch.

Network activity has also risen. July recorded 4.2 billion transactions, up 13.5% from June. The technical rollout of the faster disinflation schedule remains pending client implementation and activation timing.