SOL rose by more than 8 per cent in nearly 24 hours, cumulatively by about 44 per cent since August, and the price returned to $105 above. This is one of the strongest single months of the coin since 2024. Parallel to this round, the first binding governance vote of the Solana network is in its final stages, and the market is repricing around changes in the supply of coins.

The vote is over today.

This ballot will end at the end of epoch 1023, approximately 15:30 UTC time. For the first time, Solana launched a new chain-based governance system that allows the certifying party and its client to vote in a binding manner on the weight of the pledge.

  • SGP-0001: Confirmation of the Solana Charter
  • SGP-0002: Accelerating the downswing of inflation
  • SGP-0003: Adjustment of fees and increase in destruction

Of these, the latter two economic proposals have a real impact on market expectations.

Target 2029 for reduction proposals

SIMD-550 was proposed by the infrastructure company Helius' engineers and the core was to increase the annualization of Solana from 15% to 30%. Under this programme, the inflation rate of SOL will be reduced more quickly to the long-term lower limit of 1.5 per cent and the point of time will be advanced from 2032 to 2029.

This means that new SOLs will be released in the next six years by approximately 18.9 million. As a result, the market has tightened the supply of bets. However, a reduction in new issuance would also reduce the pledge of proceeds. The report cites estimates that the proceeds of annualization of the pledge could be reduced from the current level of about 5.25 per cent to about 2.25 per cent in three years. This puts pressure on the profitability of some small certifiers.

9000 destruction proposals or days

Another proposal, SIMD-553, was put forward by Solana Research and Development Corporation Temporal, in the direction of increasing SOL destruction through fee restructuring. The programme splits transaction costs into two parts: one to continue to be paid to the certifying officer and the other to be charged for the calculated resources consumed by the transaction and destroyed directly.

If the proposal is adopted, Solana ' s daily destruction may rise from the current level of about 650 SOLs to a maximum of about 9000, an increase of about 12 to 14 times depending on the level of network activity. It was reported that this change had been reviewed by code from two client teams, Anza and Firedancer, on 20 July, and that the current vote was on whether it would be operational rather than technical.

Solana Company opposed two economic adjustments.

Solara Company, an encrypted treasury company listed in NASDAQ, supports the governance charter itself, but opposes the two currency economic adjustments mentioned above. According to management, the reason for the objection was mainly a matter of timing, not a target direction.

In its view, it is more important for the institution pledge to see the predictability of the proceeds now than to compress them more quickly. Both economic proposals would be voted on separately and would need to be supported by more than two thirds of the participating pledge weights, so one of them would not be adopted and would not affect the other.

By the time the draft was issued, the market had clearly reflected the expected tightening of supply ahead of time. The report mentions that the 14th day of SOL RSI is close to 84.5, showing that short-wire motion power is strong. The results are expected to come out within hours of the end of the round.