Bankless · Friday, September 4, 2026
Solana recently passed a binding on-chain governance vote to reduce its token issuance. The vote narrowly passed, accelerating the timeline for a 1.5% annual issuance floor and potentially making the token scarcer.
“Solana just cast a governance vote to cut its own issuance. Is Solana in the store of value game right now?”
“Solana had its first binding on-chain governance vote to actually reduce issuance on the Solana chain. So Solana issuance was scheduled to reduce down to a 1.5% per year floor. And just by way of context, Ethereum right now is about 0.8, 0.9% annualized.”
“This passed, apparently, according to Solana, governance required 67% to pass. And it passed just barely by 0.33 percentage points above the threshold. A binding on-chain governance vote.”