What Solana’s failed fee vote reveals about Anatoly Yakovenko’s power

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The Solana fee vote on SGP-0003 failed on August 28 despite 53.90% support because abstentions counted toward the two-thirds approval threshold, leaving the For side roughly 33.83 million SOL short of the required result. About 265.015 million SOL participated, representing 61.14% of the 433.486 million SOL snapshot. Co-founder Anatoly Yakovenko publicly endorsed the proposal, which would have restructured Solana’s fee system by replacing the 5,000-lamport fee per signature with a 2,500-lamport inclusion fee per transaction and adding a resource fee. Major validators including Jupiter, Drift, and Bitwise Onchain Solutions opposed the measure, while Figment, Staking Facilities, and Kiln supported it. The outcome demonstrates that while Yakovenko can set Solana’s agenda, validators and stakers retain formal authority over governance decisions.

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Telemac
Telemachttp://cryptoinfo.ch
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