Solana approves doubling of inflation reduction: JitoSOL vote proves decisive
- —SGP-0002 received 67.001% of votes against a threshold of 66.667%
- —Jito directed about 10 million SOL worth nearly $1 billion to the vote
- —Kraken reversed 8.1 million SOL about 70 minutes before the epoch closed
- —Solana network revenue fell 87% year-on-year in H1 2026 to $141 million
Why it matters: Lower emissions squeeze staking providers' and exchanges' revenues, while the network's revenue decline intensifies competition with Robinhood Chain for tokenized assets.
Source: The Defiant