Two Solana governance proposals aimed at tightening SOL supply are still short of the participation threshold required to pass. The measures, SGP-0002 and SGP-0003, are designed to reduce new issuance and raise token burn through separate mechanisms. SGP-0002 would double the pace of annual inflation reduction, bringing Solana’s 1.5% minimum inflation target forward to 2029 from 2032. Based on the figures cited in the proposal, that change would cut roughly 18.9 million SOL from issuance over the next six years, valued at about $1.89 billion at current prices. SGP-0003, tied to a resource-based transaction fee model, is expected to lift daily SOL burn from about 650 tokens, or around $65,000, to between 7,500 and 9,000 SOL, or roughly $750,000 to $900,000. Voting is already underway, but neither proposal has yet reached the one-third participation mark. Current turnout stands at 16.71% for SGP-0002 and 13.53% for SGP-0003, with support heavily outweighing opposition in both cases.

Solana validators have begun voting on three governance proposals that cover the network’s constitutional framework, deflation settings and transaction fee design. According to Techub News, the ballot includes SGP-0001, described as the "Solana Constitution," SGP-0002, which would raise the deflation rate from 15% to 30%, and SGP-0003, aimed at restructuring the transaction fee model. The outcome of the vote will shape key economic parameters on the Solana network and determine the direction of adjustments to its governance framework. The item was attributed to @WuBlockchain.

Solana Developers said voting has opened on three validator governance proposals: SGP-0001, SGP-0002, and SGP-0003. The voting period will remain open until the end of epoch 1023. According to the post, SGP-0001 would adopt a Solana Constitution and activate an on-chain governance mechanism. SGP-0002 proposes raising the deflation rate from the current -15% to -30%. SGP-0003 would overhaul the base transaction fee structure by splitting it into a fixed base inclusion fee paid to block producers and a separate resource fee, calculated based on transaction cost, that would be 100% burned. The update was shared by Solana Developers on X.

Solana’s official developer account said on-chain voting for governance proposals SGP-1 through SGP-3 has started in epoch 1023 and is scheduled to close at 15:30 UTC on Aug. 26. The three proposals cover core governance and economic changes across the network. SGP-0001 seeks approval of a Solana Constitution to establish a formal governance framework. SGP-0002 would raise the inflation reduction rate from -15% to -30%. SGP-0003 proposes a redesign of transaction fees, splitting them into a fixed inclusion fee and a variable resource fee. Institutional staking participant DFDV said it has already cast the highest-weight vote. At the same time, some users said they were unable to take part because certain staking accounts had not been activated.

Solana treasury firm Solana Company (HSDT) has disclosed how it plans to vote on the first three Solana governance proposals, according to The Wall Street Journal, as cited by ChainCatcher. The company said it supports SGP-0001, titled “Solana Constitution,” while opposing SGP-0002, which would speed up inflation reduction, and SGP-0003, which would change transaction fees from a fixed model to a floating one. Solana Company said its support for the proposed governance framework stems from features that would let stakers vote directly and preserve their right to override votes cast by delegated operators. In the firm’s view, that structure would make it easier for institutions to take part in network governance. On inflation and fee changes, the company said it is not against the broader direction of those proposals. Instead, it believes institutions are still at a critical stage of entering the market, and changes to core economic parameters could affect the stability and predictability of the rules.

SOL treasury company Solana Company (HSDT) has laid out its voting stance on the first three Solana Governance Proposals ahead of on-chain voting expected to begin on Aug. 22. The firm said it supports SGP-0001, the "Solana Constitution," while opposing SGP-0002, which would double the pace of inflation reduction, and SGP-0003, which would shift transaction fees from a fixed model to a floating one. HSDT said its objection to the latter two proposals is about timing rather than direction. According to the company, Solana is at a stage where institutions are weighing entry, and those participants place high value on stable and predictable rules. In that context, changing two core economic parameters — inflation and fees — could make still-hesitant institutions more reluctant. HSDT added that it would support reopening discussion on lower inflation after SOL shows sustained net capital inflows, and would also reconsider floating fees once the ecosystem has had time to adapt.

Bitwise Chief Investment Officer Matt Hougan argues that the way investors value crypto assets is starting to change. For years, one of the strongest criticisms of the sector was that tokens often captured little or none of the economic value created by the underlying networks. Projects could post rapid user growth and generate billions of dollars in revenue, yet tokenholders had no clear claim on that cash flow. Hougan says that setup is now changing, and that, outside of Bitcoin, crypto assets are increasingly being judged on a metric long familiar in equities and credit markets: revenue. In his view, the shift has been helped by two developments. The first was the legal and regulatory turn that followed the SEC’s loss in the Ripple case, which weakened the assumption that any token tied to economic rights would automatically be treated as an illegal securities offering. The second was the rise of Hyperliquid, which used nearly all of its fee income to buy back and burn HYPE, showing investors a direct path from network usage to token value. Hougan points to similar moves by Uniswap, Aave, Solana, Aptos, Lighter and others. He argues that many investors still have not absorbed this change, leaving major crypto assets priced below what their revenue models may justify, while also warning that tokens still do not offer the same legally protected claims as stocks.

Marinade Finance disclosed that the Solana network came close to stalling on the morning of August 12, after 28.83% of staked SOL lost connection — approaching the 33.34% threshold that would trigger a halt. The incident involved 90 validators and cost roughly 333 SOL in rewards. Marinade traced the root cause to a routing error at infrastructure provider Teraswitch: an erroneous route from a Miami node was broadcast to Europe and Asia-Pacific, knocking out 12 nodes across London, Amsterdam, Dublin, Frankfurt, Singapore and Tokyo. North America was unaffected, and the issue was fixed within 10 minutes. Marinade also flagged a concentration risk: ASN AS20326, which hosts more than a quarter of all staked SOL, saw 94% of its nodes go offline simultaneously, pushing the actual offline share to 27.34% — above the 25% cap set by SFDP. Helius, the network's second-largest node, stayed offline for 33 minutes, and only a handful of validators executed smooth failovers. Marinade said it will review staking concentration limits and push validators to disclose failover capabilities.