Solana’s token rallied after governance vote accelerated disinflation, cutting projected issuance by 18.9 million SOL by 2029.
Solana’s SOL token climbed above $105 for the first time since January, rising 44% in August, its strongest monthly performance since 2024. The rally followed a binding onchain governance vote approving a faster disinflation rate, doubling the annual reduction from 15% to 30%.
The change accelerates Solana’s path to a 1.5% inflation floor, reaching it by 2029 instead of 2032. The adjustment removes approximately 18.9 million SOL from future issuance, reducing staking yields from 5.25% to an estimated 2.25% within three years.
BTC held at $79.6k while ETH ETFs saw $225M in inflows, nearing BTC’s $242M. Other crypto assets, including Hyperliquid and Pump.fun, also posted record or near-record activity.