Odaily Planet Daily reports that, according to the official website, the voting phase 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, surpassing the required two-thirds majority threshold for approval. 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. The voting phase for the “Resource and Inclusion Fees” proposal has also 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—falling short of the required two-thirds majority for approval. This proposal seeks to introduce a transaction fee mechanism based on resource consumption, charging fees according to the network resources a transaction utilizes. It is expected to increase daily SOL burn volume from the current ~650 tokens to between 7,500 and 9,000 tokens.
Solana's 'Double Deflation' Proposal Passes with Two-Thirds Support
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Summary
Solana's 'Double Deflation' proposal passed with 67% support, surpassing the two-thirds threshold. The measure halves SOL inflation, increasing the deflation rate to 30%. With a voter turnout of 60.69%, the plan is expected to remove 18.9 million SOL over six years. Altcoins to watch may include Solana, as this change could impact its support level. The 'Resource and Inclusion Fees' proposal failed, receiving 53.9% support from 61.14% of voters.
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