CoinDesk
Solana validators are voting through Thursday at about 15:30 UTC on three proposals, two of which would compound into a structural squeeze on circulating SOL supply. SGP-0002 doubles the rate at which Solana's annual inflation declines, from 15% to 30%, reaching the issuance floor sooner. SGP-0003 splits each transaction fee so a fixed portion routes to the block producer while a separate, compute-scaled portion is permanently destroyed. CoinDesk reported earlier this month that the change would lift daily SOL burns from roughly 650 SOL to between 7,500 and 9,000 SOL, worth about $61,000 and $846,000 at Monday's price near $96.
Why it matters
Less SOL created and more of it destroyed is the combination holders have spent two cycles waiting for, and this vote lands it on the table without anybody touching demand. A 30% annual disinflation reaches the floor of Solana's issuance curve much sooner than the current 15% pace. Layered on top, routing a compute-scaled fee portion to a black hole pulls the network closer to an EVM-style fee-burn economy. The two moves complement each other: one turns the issuance tap down faster, the other turns a usage-driven tap into a destruction tap.
Market impact
SOL was trading above $96 early Monday, up 1.6% over 24 hours and 28% over the past week, with the supply headlines providing a clean narrative tailwind ahead of the vote. Ballots are weighted by staked SOL, putting the say with validators and with the holders who have delegated to them. A third proposal, SGP-0001, ratifies the Solana Constitution and formalizes the voting system. The sequence is awkward: the rules of the count are being decided by the very vote they are supposed to govern.
Frequently asked questions
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What are the three Solana proposals being voted on now?
Validators are voting through Thursday at ~15:30 UTC on SGP-0001 (a Solana Constitution ratifying the voting system itself), SGP-0002 (doubling the annual inflation cut from 15% to 30%), and SGP-0003 (splitting each transaction fee so a compute-scaled portion is permanently destroyed).
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How much more SOL would SGP-0003 actually burn each day?
CoinDesk reported earlier this month that daily burns would jump from roughly 650 SOL today to between 7,500 and 9,000 SOL, worth about $61,000 and $846,000 at Monday's price near $96.
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Would either proposal change new SOL issuance?
SGP-0002 doubles the annual rate at which Solana's inflation declines, from 15% to 30% per year, getting the network to its floor supply growth sooner. SGP-0003 adds a fee-burn component without changing issuance.
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Why is this vote procedurally unusual?
SGP-0001 ratifies the Solana Constitution and formalizes the voting system that is already being used to decide all three measures, so the rules of the count are being approved by the same vote they are supposed to govern.
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How is the $SOL market reacting ahead of the vote?
SOL was trading above $96 early Monday, up 1.6% over 24 hours and 28% over the past week, giving holders a clear narrative tailwind ahead of the Thursday vote.
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