Solana approves change to token issuance schedule with 67% support

Solana validators just pulled off something the network has never done before: passed a binding on-chain governance vote. The proposal, known as SGP-0002 or “Double Disinflation,” squeaked through with 67.001% support, doubling the annual disinflation rate from 15% to 30%. The practical effect is that Solana’s inflation rate will shrink twice as fast, reaching its terminal rate of 1.5% by roughly H1 2029 instead of H1 2032. An estimated 18.9 million SOL tokens will simply never be minted over the next six years as a result. For a network currently running at approximately 3.82% inflation with around 68% staking participation, that’s a meaningful shift in tokenomics. A nail-biter with late drama The vote tallied 176.29 million SOL in favor, 66.19 million against, and 20.63 million abstaining. That works out to a 60.7% voter participation rate across 1,326 validators. The final hours played out with last-minute vote switches reshaping the outcome. Kraken-linked validators, representing about 2% of total vote weight, flipped from opposing the proposal to supporting it. Galaxy validators made an even more dramatic shift, moving from abstention to majority support, adding roughly 1.7% o...