Solana Fees Hit Record Highs as SGP-0002 Inflation Reduction Proposal Passes

Solana's fee revenue denominated in SOL reached a seven-day average of nearly 9,200 SOL on August 27, an increase of over 80% compared to three months ago. Non-voting transaction volume also hit a record seven-day high of 191 million, up from 88 million a year ago. Daily Jito validator tips rose 26% week-over-week to 2,073 SOL, signaling heightened on-chain activity. Meanwhile, the SGP-0002 'double deflation' proposal passed with 67% support and 60.7% participation, involving 1,326 validators. The proposal doubles the annual deflation rate from 15% to 30%,