Solana News: What Happened So Far as Vote Deadline Nears? SOL just hit a major milestone. On-chain voting opened this week. Three proposals could reshape the network's future. This Solana new
SOL just hit a major milestone. On-chain voting opened this week. Three proposals could reshape the network's future. This Solana news update breaks down each one, plus who is voting and why.
Voting is now live on three major proposals until Thursday.
Each proposal changes a different part of how the blockchain runs.
DeFi Dev Corp became the largest voter by staked SOL.
SolanaFloor confirmed on X that voting opened on three proposals. The window stays open until the end of epoch 1023 on Thursday. SGP 1 covers a new constitution. SGP 2 targets token issuance. SGP 3 touches network fees. Together they form one of the biggest governance packages to date.
The network took a real step forward this week. The team pointed voters to the official proposal texts on the Solana governance forum for full context before casting a vote.
Source: SolanaFloor X post
This proposal asks validators to ratify a formal constitution. Approval would make it the canonical framework for network decisions. It also activates the on-chain governance system, known as svmgov. That system lets every staking participant cast a transparent, stake-weighted vote. Passing this proposal puts the new voting process into permanent effect.
SGP-0002 would double the annual disinflation rate. It moves the rate from 15% to 30% per year. That pulls forward the 1.5% terminal inflation floor from 2032 to 2029. The change would cut about 18.9 million SOL in emissions. That's roughly $1.7 billion in reduced issuance over six years. This is one of the more closely watched Network updates this cycle.
SGP-0003 targets how transaction fees get burned. It would raise daily SOL burn from about 648 to roughly 9,000 SOL. For context, the network issues close to 60,000 SOL per day. The goal is to better match fees with actual network resource use. It counts among the bigger crypto news today stories for tokenomics watchers.
All three proposals need a two-thirds supermajority of decisive votes to pass. Abstain votes don't count toward that threshold. If SGP-0001 passes, it takes effect right away. SGP-0002 and SGP-0003 are signaling votes. They would still need separate technical proposals before going live. You can track live results on the governance voting dashboard, which shows real-time stake and turnout.
DeFi Dev Corp announced its vote on X. The firm voted for all three proposals. It is now the largest voter by staked SOL across the package. Public dashboard data shows the firm staked 800,460.64 SOL. That's about 0.18% of total voting power, all cast through Solana validator governance.
Large holders taking public positions is one of the bigger Solana ecosystem news threads this week. It signals real institutional engagement with the process. This is one of the bigger stories among institutional players right now.
SOL price trades near $95.89 right now. It's up 1.3% over the past 24 hours. The 24-hour range spans $93.29 to $96.20.
Price: $95.89
24h Change: +1.3%
24h Range: $93.29 – $96.20
Market Cap: $55.933B
24h Trading Volume: $3.937B
Market Rank: #7
Data from CoinGeckoas of the time of writing.
A split seems to be forming among big holders. DeFi Dev Corp backed all three proposals without hesitation. Solana Company, a separate institutional validator operator, took a different stance. It supports the constitution but opposes both the disinflation and fee changes, citing timing risk for institutions weighing long-term participation. That split matters more than the vote count alone.
It shows two ways to read this governance test till now. One camp wants faster tokenomics change now. The other wants stability first, changes later. Anyone tracking the latest Solana news should watch which view wins more delegated stake before Thursday's deadline.
That wraps up today's Solana news. Three proposals, one governance system, and real institutional stakes are all in play. The outcome could shape SOL's token economics for years.
Disclaimer: This article is for informational purposes only. It is not financial advice. Crypto markets are volatile and carry risk. Always do your own research before investing.
