• bitcoinBitcoin (BTC) $ 84,666.00
  • ethereumEthereum (ETH) $ 1,592.28
  • tetherTether (USDT) $ 0.999849
  • xrpXRP (XRP) $ 2.08
  • bnbBNB (BNB) $ 592.39
  • solanaSolana (SOL) $ 137.29
  • usd-coinUSDC (USDC) $ 0.999837
  • dogecoinDogecoin (DOGE) $ 0.158159
  • tronTRON (TRX) $ 0.241213
  • cardanoCardano (ADA) $ 0.631773
  • staked-etherLido Staked Ether (STETH) $ 1,591.28
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 84,504.00
  • leo-tokenLEO Token (LEO) $ 9.23
  • chainlinkChainlink (LINK) $ 12.71
  • avalanche-2Avalanche (AVAX) $ 19.28
  • the-open-networkToncoin (TON) $ 3.01
  • stellarStellar (XLM) $ 0.242030
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • usdsUSDS (USDS) $ 0.999866
  • hedera-hashgraphHedera (HBAR) $ 0.167002
  • suiSui (SUI) $ 2.14
  • wrapped-stethWrapped stETH (WSTETH) $ 1,910.32
  • bitcoin-cashBitcoin Cash (BCH) $ 337.00
  • litecoinLitecoin (LTC) $ 76.12
  • hyperliquidHyperliquid (HYPE) $ 17.12
  • polkadotPolkadot (DOT) $ 3.72
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999290
  • bitget-tokenBitget Token (BGB) $ 4.41
  • ethena-usdeEthena USDe (USDE) $ 0.999100
  • pi-networkPi Network (PI) $ 0.647442
  • wethWETH (WETH) $ 1,592.60
  • whitebitWhiteBIT Coin (WBT) $ 27.91
  • moneroMonero (XMR) $ 215.50
  • wrapped-eethWrapped eETH (WEETH) $ 1,696.17
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 84,621.00
  • daiDai (DAI) $ 0.999920
  • uniswapUniswap (UNI) $ 5.23
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 50.54
  • aptosAptos (APT) $ 4.73
  • gatechain-tokenGate (GT) $ 22.43
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.53
  • ondo-financeOndo (ONDO) $ 0.839825
  • susdssUSDS (SUSDS) $ 1.05
  • nearNEAR Protocol (NEAR) $ 2.09
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 15.76
  • bittensorBittensor (TAO) $ 272.08
  • internet-computerInternet Computer (ICP) $ 4.80
  • crypto-com-chainCronos (CRO) $ 0.084504
  • mantleMantle (MNT) $ 0.658169
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • aaveAave (AAVE) $ 139.56
  • render-tokenRender (RENDER) $ 3.93
  • vechainVeChain (VET) $ 0.023499
  • kaspaKaspa (KAS) $ 0.077108
  • cosmosCosmos Hub (ATOM) $ 4.17
  • fasttokenFasttoken (FTN) $ 4.23
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 84,146.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.191657
  • algorandAlgorand (ALGO) $ 0.192709
  • filecoinFilecoin (FIL) $ 2.48
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998603
  • ethenaEthena (ENA) $ 0.284651
  • official-trumpOfficial Trump (TRUMP) $ 7.87
  • sonic-3Sonic (prev. FTM) (S) $ 0.461242
  • celestiaCelestia (TIA) $ 2.41
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.87
  • arbitrumArbitrum (ARB) $ 0.293875
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.509332
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 84,050.00
  • kucoin-sharesKuCoin (KCS) $ 9.99
  • binance-staked-solBinance Staked SOL (BNSOL) $ 143.53
  • makerMaker (MKR) $ 1,358.84
  • xdce-crowd-saleXDC Network (XDC) $ 0.071340
  • optimismOptimism (OP) $ 0.670896
  • jupiter-exchange-solanaJupiter (JUP) $ 0.380697
  • story-2Story (IP) $ 3.83
  • nexoNEXO (NEXO) $ 1.02
  • flare-networksFlare (FLR) $ 0.015998
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,590.91
  • eosEOS (EOS) $ 0.626302
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,658.31
  • bonkBonk (BONK) $ 0.000012
  • usdt0USDT0 (USDT0) $ 0.999700
  • blockstackStacks (STX) $ 0.601736
  • worldcoin-wldWorldcoin (WLD) $ 0.713646
  • sei-networkSei (SEI) $ 0.171672
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999728
  • immutable-xImmutable (IMX) $ 0.458997
  • tether-goldTether Gold (XAUT) $ 3,346.64
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999619
  • dexeDeXe (DEXE) $ 13.95
  • curve-dao-tokenCurve DAO (CRV) $ 0.601534
  • injective-protocolInjective (INJ) $ 7.97
  • fartcoinFartcoin (FARTCOIN) $ 0.778734
  • pax-goldPAX Gold (PAXG) $ 3,346.24
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,790.91
  • the-graphThe Graph (GRT) $ 0.079806
  • wbnbWrapped BNB (WBNB) $ 592.21
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 83,023.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 84,764.00
  • usual-usdUsual USD (USD0) $ 0.997619
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 151.21
  • theta-tokenTheta Network (THETA) $ 0.659499
  • the-sandboxThe Sandbox (SAND) $ 0.267133
  • jasmycoinJasmyCoin (JASMY) $ 0.013455
  • coredaoorgCore (CORE) $ 0.636651
  • galaGALA (GALA) $ 0.014529
  • msolMarinade Staked SOL (MSOL) $ 176.25
  • raydiumRaydium (RAY) $ 2.19
  • lido-daoLido DAO (LDO) $ 0.703407
  • heliumHelium (HNT) $ 3.52
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999244
  • chain-2Onyxcoin (XCN) $ 0.018683
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,692.68
  • mantra-daoMANTRA (OM) $ 0.637335
  • iotaIOTA (IOTA) $ 0.161744
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • kaiaKaia (KAIA) $ 0.100979
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • movementMovement (MOVE) $ 0.238353
  • flowFlow (FLOW) $ 0.370331
  • bitcoin-svBitcoin SV (BSV) $ 28.72
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.91
  • flokiFLOKI (FLOKI) $ 0.000056
  • tezosTezos (XTZ) $ 0.503717
  • decentralandDecentraland (MANA) $ 0.280574
  • jito-governance-tokenJito (JTO) $ 1.64
  • pendlePendle (PENDLE) $ 3.17
  • zcashZcash (ZEC) $ 31.29
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,665.88
  • walrus-2Walrus (WAL) $ 0.400846
  • pyth-networkPyth Network (PYTH) $ 0.137622
  • clbtcclBTC (CLBTC) $ 84,435.00
  • true-usdTrueUSD (TUSD) $ 0.997825
  • pumpbtcpumpBTC (PUMPBTC) $ 82,670.00
  • beldexBeldex (BDX) $ 0.066403
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999793
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.18
  • grassGrass (GRASS) $ 1.67
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999793
  • kavaKava (KAVA) $ 0.419410
  • dydx-chaindYdX (DYDX) $ 0.582530
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 84,594.00
  • ubtcuBTC (UBTC) $ 83,087.00
  • solayerSolayer (LAYER) $ 2.02
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007333
  • apenftAPENFT (NFT) $ 0.00000042
  • telcoinTelcoin (TEL) $ 0.004443
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.999327
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.158218
  • spx6900SPX6900 (SPX) $ 0.434984
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,664.12
  • thorchainTHORChain (RUNE) $ 1.15
  • dogwifcoindogwifhat (WIF) $ 0.399948
  • elrond-erd-2MultiversX (EGLD) $ 14.20
  • ecasheCash (XEC) $ 0.000020
  • neoNEO (NEO) $ 5.61
  • ousgOUSG (OUSG) $ 110.75
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,693.35
  • tbtctBTC (TBTC) $ 84,172.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.580364
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,592.16
  • olympusOlympus (OHM) $ 22.82
  • axie-infinityAxie Infinity (AXS) $ 2.31
  • resolv-usrResolv USR (USR) $ 0.999820
  • starknetStarknet (STRK) $ 0.124765
  • chilizChiliz (CHZ) $ 0.037633
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,592.50
  • compound-governance-tokenCompound (COMP) $ 39.61
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  • conflux-tokenConflux (CFX) $ 0.069155
  • arweaveArweave (AR) $ 5.38
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999958
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  • super-oethSuper OETH (SUPEROETHB) $ 1,590.87
  • based-brettBrett (BRETT) $ 0.034723
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  • saros-financeSaros (SAROS) $ 0.128500
  • matic-networkPolygon (MATIC) $ 0.191683
  • plumePlume (PLUME) $ 0.165340
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000060
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • beam-2Beam (BEAM) $ 0.006158
  • wormholeWormhole (W) $ 0.071107
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  • sun-tokenSun Token (SUN) $ 0.016550
  • aioz-networkAIOZ Network (AIOZ) $ 0.272373
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.762079
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  • amp-tokenAmp (AMP) $ 0.003508
  • honey-3Honey (HONEY) $ 0.999529
  • ripple-usdRipple USD (RLUSD) $ 0.999422

Following Solana inflation reduction defeat, could ‘left curve 228’ be next?

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Following Solana inflation reduction defeat, could ‘left curve 228’ be next?

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It’s been three weeks since Solana’s validators failed to pass SIMD-0228, a governance proposal that aimed to shift Solana’s issuance to a market-based mechanism and reduce inflation in the process. But while validators — who earn their keep partly from Solana inflation — voted the measure down, issuance still doesn’t feel like a settled question.

With the implementation of SIMD-0096, which got rid of Solana’s priority fee “burn,” the network also lost a disinflationary mechanism, and many ecosystem participants feel that the network is “overpaying” for economic security by way of inflation. While there’s no looming fix for this in the short term, the Solana Foundation’s former head of strategy has made a counterproposal.

Austin Federa’s “left curve 228” pitch says Solana should accelerate the network’s disinflation curve and “see if anything breaks.”

Solana’s inflation curve sets a current issuance rate of around 4.6%, which will shrink to 1.5% in 15% increments every 180 epochs, or roughly one year. Federa, who is now co-founder of the buzzy internet infrastructure for crypto startup DoubleZero, would increase the disinflation rate to 30% every 180 epochs.

Rounding 180 epochs to a year, Federa’s proposal would drop Solana’s inflation rate to around 1.5% in roughly three years. The benefit of such a scheme, Federa points out, is that it would keep Solana from overpaying for security without creating uncertainty on inflation rates — which some in Solana criticized SIMD-0228 for doing.

The proposal has taken some heat, most notably from Kevin Ricoy, founder of crypto media startup Allmight. Ricoy chafed against “well-meaning autists playing central banker [and] constantly fiddling with the monetary policy” while arguing that bitcoin’s value comes from its changeless inflation mechanics. He followed up with a more measured rebuttal later on.

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