Solana Is Having Its Best Month Since 2024—With a Historic Governance Vote on Deck
SOL rose over 8% in 24 hours and about 44% since August began, trading above $105 for the first time since January. The move coincides with a major Solana validator vote that could materially tighten supply. Voting ends with epoch 1023 and uses Solana’s new stake-weighted on-chain governance system. Three proposals are being voted on: a Solana Constitution, SIMD-550, and SIMD-553. SIMD-550 would double the disinflation rate from 15% to 30%, reaching the 1.5% inflation floor by 2029 instead of 2032 and reducing future SOL issuance by about 18.9 million over six years. That would also cut staking yields sharply. SIMD-553 would split fees into a validator-paid inclusion fee and a burned resource fee, raising daily SOL burns from roughly 650 to as much as 9,000. Both tokenomics proposals need two-thirds support separately. SOL’s RSI is near 84.5, suggesting very strong momentum.
