Solana completed its first binding on-chain governance vote, approving a proposal to double its annual disinflation rate from 15% to 30%. This change is expected to reduce SOL token issuance by approximately 18.9 million over six years, tightening supply and potentially increasing token value. The vote marks a historic shift from informal governance to a formal, stake-weighted system with automatic implementation. While most validators supported the move, some major stakeholders like Figment opposed it due to concerns over reduced staking rewards. The decision also includes a fee-burn mechanism, further reducing net SOL issuance over time, signaling a significant economic shift for the Solana network.
Solana's price rose from $96.60 to a high of $110 on August 28 before retreating slightly to around $106, supported by strong US spot ETF inflows totaling about $1.22 billion and increased network activity. Despite hotter US inflation data that press...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading around $79,579, slightly up by 0.16%. Ethereum and Binance Coin show minor declines, while some altcoins like Solana and Zcash post gains above 1%. The mixed price movements reflect o...
Solana (SOL) is showing strong bullish signals, holding its key support zone at $96-$97 after breaking above it, which sets the stage for a near-term move toward $120. This breakout-and-retest pattern suggests the $120 level is the next target if SOL...
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Solana is considering a proposal to reduce future SOL issuance by 18.9 million tokens over six years, potentially increasing its value by slowing supply growth. The network recently set a new record with over 1.5 million agentic (automated) transacti...
