Demand, not inflation control will determine Ethereum and Solana price, Galaxy Research

Galaxy Research said Ethereum and Solana’s proposed token issuance cuts may modestly affect supply, but they are unlikely to be the main driver of price. The firm argues demand, not inflation tweaks, is what ultimately revalues ETH and SOL. Ethereum’s EIP-8361 would taper validator rewards to zero once 50% of ETH is staked, potentially cutting consensus yield from about 2.6% to 1.2% over an 18-month rollout. Solana’s SIMD-0550 would double annual disinflation to 30% and bring the terminal inflation rate forward to 2029, while SIMD-0553 would burn more transaction fees and could lift daily SOL burns sharply. Both networks are debating governance proposals, but Galaxy says the market impact is limited unless demand improves.