Solana Supply Tightening Proposal Advances: Double Deflation Passes 2/3 Approval Threshold

According to the official website, the voting phase for Solana's double deflation proposal has concluded, with a participation rate of 60.69%. Of the votes cast, 67% were in favor, 25.16% against, and 7.84% abstained, with the approval rate meeting the required 2/3 support threshold for passage. The proposal aims to reduce SOL's inflation rate to approximately half of its current level, effectively increasing the deflation rate to 30%. Based on current estimates, the proposal would reduce SOL issuance by approximately 18.9 million tokens over the next six years. Additionally, the voting phase for the resource and inclusion fee proposal has concluded, with a participation rate of 61.14%. Of the votes cast, 53.9% were in favor, 18.92% against, and 27.18% abstained, with the approval rate falling short of the required 2/3 support threshold. This proposal sought to introduce a transaction fee mechanism based on resource consumption, charging fees according to the network resources occupied by transactions, with an expected increase in daily SOL burn from approximately 650 tokens to between 7,500 and 9,000 tokens.