Morning Minute: Solana Jumps with Network Inflation Set to Drop

GM!

Today’s top news:

• Crypto majors are slightly green ahead of Jackson Hole, SOL leads; BTC at $79.6k
• ETH ETFs see $225M in inflows, nearly even with BTC’s $242M
• Hyperliquid hits a new ATH over $86 before retracing
• Pump.fun hits 2nd highest day of revenue since Jan 2025
• New Solana meme $fone runs to $35M in its debut

🗳️ Solana Has Its Best Month Ahead of Major Inflation Change

SOL is having the kind of month that makes people forget the last two years.

The token climbed back above $105 for the first time since January and is up roughly 44% in August, its strongest month since 2024. Then the same day the chart went vertical, Solana closed the first binding onchain governance vote in its history, one that decides how much SOL the network inflates (or disinflates) going forward.

The tallies came in with all three proposals above quorum and all three passing.

• SGP-0002 doubles the disinflation rate, meaning the speed at which new SOL issuance shrinks each year, from 15% to 30%. Solana already grinds toward a fixed 1.5% inflation floor. This gets there by 2029 instead of 2032 and removes roughly 18.9 million SOL from the projected issuance schedule. The cost lands on stakers, since issuance is what pays them. 21Shares figures staking yield drops from about 5.25% today to around 2.25% within three years. Smaller validators could get squeezed out entirely.
• SGP-0003 comes at supply from the other side. It splits the transaction fee into a base fee that still pays validators and a new resource fee, tied to how much compute a transaction burns, that gets destroyed outright. Daily burns would go from about 650 SOL, worth roughly $48,000, to as much as 9,000 SOL, worth around $668,000.