Solana network fees climbed to a record seven-day average of nearly 9,200 SOL on August 27, up more than 80% from three months earlier, as on-chain activity accelerated. Non-vote transactions reached a record 191 million on a seven-day average, versus 88 million in the same period last year, while Jito validator fees averaged 2,073 SOL per day over the past week, up 26% month over month.
At the same time, Solana validators approved SGP-0002, the so-called dual deflation proposal, with 67.001% support and 60.7% turnout, marking a record level of participation in Solana on-chain governance. The measure doubles the annual inflation reduction rate from 15% to 30% and is expected to cut SOL issuance by about 18.9 million tokens over six years. Staking yields are projected to fall from about 5.25% to 2.25% by the third year, potentially pressuring small and mid-sized validators that depend more on inflation income than transaction fees.
Solana Fees Hit Record High as Validators Back Faster Inflation Cut
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