$SOL This round of governance voting pushed “Double Disinflation” through; to be honest, I’m somewhat surprised. I originally thought Kraken would block it, but it was just barely—only missing by a little. This means that going forward, the amount of new SOL added each epoch will be noticeably lower. In the long run, the supply side has finally started to self-regulate. The market previously kept fixating on high SOL inflation and heavy unlock pressure, but that logic is now being rewritten. The ecosystem hasn’t been idle either—on-chain activity continues to climb, and neither trading volume nor developer deployments have cooled down. With supply being pushed down and demand not dropping, this kind of mismatch is the easiest to create an expectation gap. I don’t think this is a reason for a short-term vertical surge, but the fundamentals are definitely moving in a healthier direction. Next, we’ll see the execution details and whether validators cooperate. If it rolls out smoothly, SOL’s narrative will gradually shift from a “high-inflation chain” to a “deflation-friendly asset.” I’ll keep watching on-chain data and staking changes—this is far more useful than just looking at the K-line chart.