Solana Validators Approve Proposal to Double Annual Deflation Rate to 30%

Solana validators approved the SGP-0002 proposal, increasing the network's annual deflation rate from 15% to 30% while maintaining a 1.5% long-term inflation target. The measure passed with 67% support, aiming to reach terminal inflation in 2.8 years instead of 5.7. Major stakeholders like Helius and Jupiter supported the move, while Figment opposed it. Additionally, the Bitwise Solana ETF surpassed $1 billion in assets under management, with total net inflows for U.S. Solana ETFs reaching approximately $1.7 billion.