Solana Implements Onchain Governance with Entry Fee of 100,000 SOL
Solana introduces a formal onchain governance system through Solana Governance Proposals, as reported by CoinDesk. This system allows validators and stakers to influence the network's direction, requiring at least 100,000 SOL staked to propose changes and needing a supermajority vote for approval.

On July 2, 2026, Solana launched its onchain governance system, enabling a structured way for validators and their delegators to propose and vote on network directions through Solana Governance Proposals (SGPs). To initiate a proposal, validators must have at least 100,000 SOL staked, which is approximately $7.7 million, and proposals need to secure support from 15% of active stake before moving to a voting stage.
The new governance framework separates high-level directional questions from more technical matters covered by Solana Improvement Documents (SIMDs). This split allows the community and validators to ask crucial questions about the future of the network while deferring the technical execution to core developers once a proposal passes.
To ensure that only matters of community interest are put up for vote, a proposal must clear a threshold of support from 15% of active stake. Once this is met, voting occurs in fixed intervals, known as epochs, which last roughly two days. In order to pass, a proposal needs a two-thirds supermajority from the voting stake, with abstentions excluded from the count, but there is no requirement for minimum turnout.
Importantly, this governance system emphasizes "staker sovereignty," allowing delegators to override or replace their validators’ votes. This change aims to give more power to everyday users who stake their SOL, ensuring they have a meaningful say in governance rather than relying solely on the validators.
The timing of this launch comes as Solana garners renewed interest, with SOL experiencing a 16% increase over the past week, reaching around $78. This development places Solana in a position where it attempts to enhance user engagement and community involvement in its operational decisions.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 2, 2026. SolanaWire does not republish source content.

Binance Experiences $2 Billion Outflows Amid Weakened Retail Participation
Binance has seen over $2 billion in net outflows during the past week, highlighting a decline in retail activity, as reported by CoinDesk. Notably, inflows of less than 1 Bitcoin on the exchange have reached record lows.
30 minutes ago·CoinDesk·Reported by Omkar Godbole

Metaplanet Expands Bitcoin Holdings to 43,000 BTC with $170 Million Purchase
Metaplanet has increased its bitcoin treasury to 43,000 BTC following the acquisition of 2,823 BTC worth approximately $170 million. The Tokyo-listed firm reported significant revenue growth in its Bitcoin Income Generation business, as outlined in CoinDesk's report.
1 hour ago·CoinDesk·Reported by James Van Straten

Taiko Restores Cross-Chain Bridge After $1.7 Million Hack
Taiko has restored its cross-chain bridge within ten days following a $1.7 million hack, as reported by CoinDesk. The protocol's recovery included a multi-stage process and an independent security review, leading to a notable 136% surge in its token value.
2 hours ago·CoinDesk·Reported by Omkar Godbole

XRP Shows Signs of Accumulation Amid Rising Whale Activity
XRP demonstrates accumulation above the $1.00 mark, with whale activity increasing and new wallet creations reaching a three-month high, according to CoinDesk. However, the token must reclaim the $1.10 level for a more convincing recovery to take place.
4 hours ago·CoinDesk·Reported by Shaurya Malwa
Trending this week

Long-Term Bitcoin Holders Shift to Accumulation: Glassnode
According to Glassnode data, Bitcoin's long-term holders have transitioned from net distribution to net accumulation, signaling renewed interest in the cryptocurrency. Smaller and mid-sized wallets are leading this trend, as reported by CoinDesk.
4 hours ago·CoinDesk·Reported by Omkar Godbole

FBI Director Kash Patel Fails to Disclose MSTR Stock Purchase on Time
FBI Director Kash Patel did not disclose a purchase of shares in MicroStrategy (MSTR) valued between $100,001 and $250,000 for over six months, according to a report by CoinDesk. Patel cited a 'miscommunication' for the delay, but watchdogs assert this violates the STOCK Act, prompting renewed calls for restrictions on federal officials' stock trading.
5 hours ago·CoinDesk·Reported by Omkar Godbole

Bitcoin Surpasses $60,000 as Solana and Ether See Gains
Bitcoin rises above $60,000 following remarks from Fed Chair Kevin Warsh about easing inflation risks, providing a boost to the crypto market, according to CoinDesk. Solana leads the major cryptocurrencies with a 4% daily increase and a 16% rise over the past week, while other cryptocurrencies remain mixed amid a selloff in semiconductor stocks.
5 hours ago·CoinDesk·Reported by Shaurya Malwa

Goliath Ventures CEO Pleads Guilty to $250M Crypto Ponzi Scheme
Christopher Delgado, CEO of Goliath Ventures, has pleaded guilty to several fraud charges related to a Ponzi scheme. According to Decrypt, investors pumped in at least $400 million, leading to a minimum of $250 million in losses as Delgado used the funds for personal luxuries.
yesterday·Decrypt·Reported by Decrypt Agent
