Solana rises 44% as vote accelerates network inflation reduction

The roundup leads with Solana's roughly 44% rise in August and a governance vote that accelerates the reduction of new SOL issuance. SOL climbed above $105 for the first time since January. August became Solana's strongest month since 2024. All three proposals passed after exceeding quorum. Proposal SGP-0002 raises the annual disinflation rate from 15% to 30%. The change is expected to bring Solana to its 1.5% inflation floor by 2029 instead of 2032. The proposal removes about 18.9 million SOL from projected issuance. Stakers would receive less issuance-based income under the change. 21Shares estimates staking yield could fall from about 5.25% to around 2.25% within three years. Proposal SGP-0003 creates a resource fee based on the computing power used by each transaction. The resource fee would be destroyed. Daily SOL burns could increase from about 650 SOL, worth roughly $48,000, to as much as 9,000 SOL, worth around $668,000. Solana Company voted against both economic proposals because it said institutional stakers need predictable yield. DeFi Development Corp voted for all three proposals. Charles Schwab said it plans to add SOL, AVAX, and LINK to Schwab Crypto.