Solana News: Community to Vote on Proposal to Dynamically Adjust SOL Inflation

In a significant development for the Solana blockchain, validators are poised to vote on a proposal that could revolutionize how SOL inflation works. Here’s a closer look at what this means for the future of Solana and its native token.

Solana Community to Vote on Proposal Altering Network Inflation

Solana validators are set to vote on a new proposal, SIMD-0228, that could change how SOL inflation works by adjusting token emissions dynamically. The proposal ties inflation rates to staking participation and is expected to be voted on at Epoch 743, which begins this weekend. The proposal was put forward by Tushar Jain and Vishal Kankani of Multicoin Capital, with support from Max Resnick, lead economist at Anza. The Solana community has spent almost two months discussing SIMD-0228 in public, incorporating several pieces of feedback throughout the process.

Solana Leads Monthly On-Chain Volume Despite 60% Decline

Solana registered $102.4 billion in trading volume in February, leading the market despite a 60% monthly decrease. The shrinking volume relates to the cooling off of the memecoin frenzy following the LIBRA token fiasco. Despite the falling volumes, Solana registered over $100 billion in volume for the fourth consecutive month. The total on-chain trading volume decreased by nearly $200 billion last month, with most major blockchains registering losses, except Binance Smart Chain (BSC), which had a trading volume of $81.1 billion. However, Ethereum still held second place with a trading volume $100 million above BSC’s.

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Solana price today is $143.21553754. It is predicted that the Solana price could reach a potential high of $400 in 2025 and could hit $1,351 by 2030. Solana is gradually surpassing Ethereum in the decentralized market, but with ongoing volatility, it currently trades at a discount of 50.84% from its ATH of $294.33. Crypto investors are searching for answers to questions like ’Is Solana going to go up?’ and ’Will SOL price reach $500 this altcoin season?’

Bybit Web3 Expands bbSOL Utility with Jito Restaking

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with P2P to introduce rstSOL, a token minted when users stake their bbSOL through Jito’s restaking protocol. bbSOL holders can now deposit their tokens into the rstSOL vault on Jito, unlocking additional restaking rewards and enhanced capital efficiency. Bybit Web3 expands bbSOL utility in 10 DeFi use cases such as liquidity provision, lending, restaking, and yield trading. Jito (Re) staking is a multi-asset staking protocol designed for Node Consensus Networks (NCNs), allowing staked assets to be tokenized into Vault Receipt Tokens (VRTs), improving liquidity and flexibility.