Ethereum and Solana are considering ways to reduce token issuance, but demand is likely to be the key factor shaping prices, an analysis said. Galaxy Research said discussion is under way on revamping issuance structures on both networks, but where tokens go is determined by demand. Ethereum is weighing an EIP proposal to cut validator rewards as staking rises, while Solana is advancing governance proposals to accelerate disinflation and burn more fees.

Ethereum\'s EIP-8363 proposal to gradually reduce staking rewards is facing strong pushback over concerns it could hurt DeFi, decentralisation and institutional demand. The plan would lower rewards as more ether is staked and cut protocol issuance to zero if 50 percent of total supply is staked. Proponents say Ethereum already has sufficient security and non-stakers bear dilution. Opponents say staking may slow naturally and the issue is not large enough to change issuance policy.