Solana’s inaugural binding on-chain governance cycle ended with epoch 1023 around August 27, 2026, as SIMD-0550 cleared the two-thirds threshold to double the network’s annual disinflation rate from 15% to 30%. Helius estimates the faster schedule removes about 18.9 million SOL from projected issuance over six years, a supply cut worth roughly $1.5 billion at recent prices, and advances the 1.5% terminal inflation floor to about 2029 from 2032. A constitutional framework proposal and a fee-burn measure passed alongside it, marking the first fully stake-weighted votes with automatic implementation weight after years of off-chain social consensus. Helius’s roughly 16.05 million SOL stake voted entirely yes; Figment cast about 17.07 million SOL against, reflecting staking-yield concerns. Community observers flagged Kraken among major exchanges whose substantial SOL had not voted by the deadline, and Helius CEO Mert Mumtaz questioned the economic logic of that abstention in a system where non-participation shrinks the active stake base.