Solana Governance Approves Accelerated Deflation Proposal, SOL Hits Two-Year Monthly High

Solana has officially passed the SIMD-0550 proposal, which doubles the annual deflation rate from 15% to 30%. This adjustment accelerates the timeline for reaching the 1.5% terminal inflation floor from 2032 to 2029, effectively reducing the issuance of approximately 18.9 million SOL over the next six years. While the proposal passed, a separate motion regarding daily token burns failed to gain sufficient support. Following the news, SOL surged over 8% in 24 hours and recorded a 44% gain in August, reaching $105, marking its best monthly performance since 2