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Solana fees hit record as inflation cuts pass
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Solana fees hit record as inflation cuts pass

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  • Solana (CRYPTO:SOL) fees averaged nearly 9,200 SOL over seven days on August 27.
  • Validators approved SGP-0002 with 67.001% support, just above the 66.67% threshold.
  • The proposal doubles annual disinflation from 15% to 30%, reducing projected issuance.

Solana (CRYPTO:SOL) fees averaged nearly 9,200 SOL over seven days on August 27, up more than 80% in three months.

Non-vote transactions also reached 191 million over seven days, compared with 88 million a year earlier.

SGP-0002, known as the Double Disinflation proposal, passed with 67.001% support against a 66.67% threshold.

The vote had 60.7% turnout across 1,326 validators, the highest recorded participation in Solana governance.

The proposal doubles annual disinflation from 15% to 30%, removing about 18.9 million SOL from projected six-year issuance.

The Block estimates staking rewards could fall from about 5.25% to 2.25% by year three, potentially affecting smaller validators.

Jito validator tips averaged 2,073 SOL daily over the past week, up 26% week over week as network activity increased.

At the time of reporting, Solana price was $103.99.

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