Solana validators approved a proposal to double the rate at which SOL emissions decline, the first measure to pass through the network's new onchain governance system and the first time validators have agreed to cut issuance.

Solana is up more than 8% in 24 hours and 44% on the month, lining up with two historic governance votes for the network today.

Two Solana proposals could sharply reduce token issuance while increasing burns, potentially cutting staking yields in half within two years.