The Solana double deflation proposal has reached the quorum, and if passed, it will reduce the issuance of 18.9 million SOL

According to SolanaFloor, the Solana double deflation proposal reached quorum 27 hours before the voting ended, with a current participation rate of 33.84%, of which 25% voted in favor.

If the proposal is approved, the Solana deflation rate will double to 30%, and it is expected to reduce the issuance of approximately 18.9 million SOL over six years, equivalent to about $1.47 billion at current prices.