DeFi Development Corp (DFDV), a NASDAQ-listed digital asset treasury, has officially announced its support for Solana's inflation reduction proposal, SIMD-0411. This proposal aims to reduce the future projected issuance of SOL by over 22 million tokens while maintaining the final inflation rate at 1.5%.
This endorsement represents the first instance of a NASDAQ-listed Solana treasury backing the proposal, potentially influencing wider governance sentiment regarding token supply dynamics. The move aligns with efforts to stabilize the currency and manage long-term supply issuance more aggressively.
In parallel ecosystem updates, Solana's on-chain activity continues to show strength relative to competitors. Reports indicate that Solana overtook Hyperliquid in day-one spot volume for the MON token, underscoring the network's continued dominance in speculative trading volume.