A proposal that completely "erases" the issuance of 22 million SOL over the next four years out of thin air! On November 23, the Solana core development team suddenly threw out a heavyweight bomb: proposing to cut validator rewards by 50%, directly reducing the current annual inflation rate of 5% to a more aggressive path. Simply put, it originally took 6.2 years to reach a final deflation level of 1.5%; now it only takes 3.1 years to achieve.
22 million SOL, equivalent to nearly 2.8 billion dollars today, will never flow into the market. This is not a minor adjustment but a violent surgery on the economic model: the supply curve is forcibly pulled to the left, while the demand side is rushing. Since 2025, Solana's daily active addresses have exceeded 5 million, TVL is approaching 12 billion dollars, the meme coin craze, DeFi recovery, and payment sectors are all flourishing, and the on-chain real demand is visibly exploding. With supply halved and demand doubled, the answer is almost written on the wall— the narrative of scarcity is about to take off.
What's even harsher is that this proposal is not a decision made by the team alone, but is put to a vote by the validators. As long as 2/3 agree, it can take effect permanently. Considering the current validator base is highly consistent (who would go against their own wallet?), the probability of passing is extremely high. In the past, we often said Solana is "fast indeed and cheap indeed," but it was always criticized for having too high inflation and lacking real scarcity. Now, it has directly cut off this shortcoming, completing the last piece of the puzzle: evolving from the "fastest public chain" to the "fastest + most scarce public chain." The current price is still hovering around 125.8 dollars, almost like a discount promotion.
Once the proposal is implemented, the moment 22 million SOL permanently evaporates is the starting point for SOL's official promotion from a "high-performance public chain" to a "hard asset." The story of halving supply, Solana is no longer joking this time; it's for real. @加密黄哥 #sol
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