Solana’s native token became one of the recent top performers in the crypto market, surging to a new seven-month high at over $105 before it was finally halted and retraced slightly.
This substantial rally from under $75 came amid several major developments within the broader Solana ecosystem. Perhaps the most important came from the network itself.
Issuance Changed
The network finally succeeded in reducing future SOL issuance. Although the decision could hardly have been any closer, validators approved SGP-0002, which endorses doubling Solana’s annual disinflation rate from 15% to 30%. The proposal finished with approximately 67%, barely clearing the two-thirds supermajority required for approval.
Helius CEO Mert Mumtaz, one of the most prominent and vocal supporters, summed up the dramatic finish by saying his team made hundreds of calls in the final hours and ultimately passed the measure by a “literal hair.”
It’s worth noting that the proposal does not eliminate inflation
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