Solana Double Deflation Proposal Passes with Two-Thirds Approval

ChainCatcher report: According to the official website, the voting period for Solana’s double deflation proposal has ended, with a voter participation rate of 60.69%. Of the votes cast, 67% were in favor, 25.16% against, and 7.84% abstained. The approval rate surpassed the required two-thirds threshold. The proposal aims to reduce SOL’s inflation rate to approximately half its current level, increasing the deflation rate to 30%. Based on current estimates, this proposal will reduce the total SOL issuance by approximately 18.9 million over the next six years. Additionally, the voting period for the resource and inclusion fee proposal has concluded, with a voter participation rate of 61.14%. Of the votes cast, 53.9% were in favor, 18.92% against, and 27.18% abstained; however, the approval rate did not meet the required two-thirds threshold. This proposal sought to introduce a transaction fee mechanism based on resource consumption, charging fees according to the network resources a transaction consumes, potentially increasing daily SOL burn volume from the current ~650 to between 7,500 and 9,000.