Key highlights:
- Solana’s supply reform proposals cleared the 15% validator support threshold and entered the discussion phase
- The proposals would increase SOL token burns and accelerate the network’s inflation reduction if approved
- Validators will vote after the discussion period ends on August 22
Solana validators are indicating support for two governance proposals that could significantly reduce the network’s token supply by increasing the amount of SOL burned via transaction fees. The proposals, if approved, will tighten SOL’s supply dynamics without immediately making the cryptocurrency deflationary.
What happens to
The numbers narrowly exceed the required threshold of 65.16 million SOL needed to advance beyond the support phase, marking the next step before a formal on-chain vote. Meanwhile, validator participation has also increased significantly, with 76 validators representing 10.9% of the validator set signaling support.
The governance dashboard shows approximately 17 days remaining in the discussion period before the proposals move into the voting phase. According to the portal, the proposals will remain under discussion until August 22, after which validators will proceed to cast binding votes.Amid the push to improve the network, Solana’s institutional adoption has reached a record high. BlackRock, Securitize, PayPal and Franklin Templeton have launched products on Solana, with Morgan Stanley launching a Solana ETF with staking rewards.
Source:: Solana Validators Back Proposals to Cut SOL Supply Through Burns and Lower Inflation