Solana validators approved a plan to accelerate the reduction of new SOL issuance, with the vote ending just before the deadline.
Solana validators approved a plan to accelerate the reduction of new SOL issuance, with the vote ending just before the deadline. The proposal, designated SGP‑0002, received 67 % support, surpassing the two‑thirds majority needed for passage. Participation was 60.7 % of eligible stake, meeting the required quorum. The result hinged on last‑minute switches by validators linked to Kraken and Galaxy, which changed their votes to support the measure. SOL’s price slipped 1.2 % over the prior 24 hours, trading near $106. The vote marked Solana’s first network‑wide governance exercise, presenting three proposals. SGP‑0001, a governance framework, passed with 95.35 % approval. SGP‑0003, a fee‑burn proposal, failed with about 54 % support. Validators now have direct input on core economic parameters of the network.
- Publisher
- coindesk
- Reliability
- high
- Published
- 8/29/2026, 10:00:22 AM
- Retrieved
- 8/29/2026, 10:00:22 AM
- Relevance
- 80%
- Confidence
- 85%

