Solana validators and delegators have started voting on three major proposals that could shape the future of the network. The votes began on Aug. 23 and will remain open until the end of epoch 1023, which is currently expected to finish around Aug. 27.
The three proposals focus on different areas of the network. One would create a formal constitution for Solana governance, another would speed up the reduction of SOL inflation, and the third would introduce a new transaction fee system.
These are stake-weighted votes, meaning voting power depends on the amount of SOL being staked. Even if the proposals are approved, the changes will not happen immediately. Developers would still need to build, test, and activate the updates before they go live.
The first proposal, SGP-0001, aims to establish the Solana Constitution. If approved, it would become the official framework for how major network decisions are made. It would also activate Solana’s on-chain governance system, giving validators and delegators a more structured way to participate in decision-making.
Under the proposed system, validators can vote with their active stake, while delegators can either follow their validator’s vote or cast their own vote directly. For a proposal to pass, at least one-third of the network’s stake must participate, and two-thirds of the participating stake must vote in favor.
The second proposal, SGP-0002, focuses on inflation. It would increase Solana’s annual disinflation rate from 15% to 30%. In simple terms, SOL inflation would decline faster over time until it reaches the network’s long-term target of 1.5%.
Supporters believe this change could reduce future token issuance and make SOL scarcer over the long run. Estimates suggest the network could issue nearly 19 million fewer SOL over six years compared to the current schedule. However, these numbers are projections and could change depending on when the proposal is activated and how the network evolves.
This proposal comes after a previous attempt to significantly reduce SOL inflation failed in 2025, despite receiving support from a majority of participating stake.
The third proposal, SGP-0003, would redesign Solana’s transaction fee model. Instead of having a single base fee, transactions would pay two separate charges.
The first would be a fixed inclusion fee paid directly to the block producer. The second would be a resource fee based on how much network capacity a transaction uses. Unlike the inclusion fee, the resource fee would be completely burned, permanently removing that amount of SOL from circulation.
Supporters say this system would make pricing more fair because transactions that use more network resources would pay more. At the same time, burning part of the fees could help reduce SOL supply over time.
Once voting ends, the final results will determine whether Solana moves forward with all three proposals, only some of them, or none at all. If approved, the proposals would serve as a mandate for developers to continue work on the required technical changes.
Meanwhile, SOL was trading near $94.27 on Aug. 24. The token gained roughly 25% over the previous week as the broader crypto market moved higher. While the governance votes have attracted significant attention, there is no clear evidence that they were the main reason behind SOL’s recent price increase.
The coming days will be important for the Solana community, as the outcome of these votes could influence how the network is governed, how new SOL enters circulation, and how transaction fees work for years to come.
