BlockBeats News, August 27th, according to SolanaFloor monitoring, the Solana "Double Deflation" proposal had reached the required quorum with 27 hours remaining before the end of the vote.

The current voting participation rate is 33.84%, with 25% of the votes in favor. If the proposal is finally approved, the SOL inflation rate will decrease to approximately half of its original rate, with the deflation rate increasing to 30%. Based on current estimates, this proposal will reduce the SOL issuance by approximately $1.47 billion over the next six years, involving around 18.9 million SOL.