#Solana News
@Solana Official network node operators and stakers are currently voting on two key proposals regarding the $SOL blockchain:
SIMD-0550 Proposal: This proposal aims to double the annual reduction rate of new SOL issuance from 15% to 30%, while keeping the 1.5% terminal floor intact. This will reduce the amount of SOL entering circulation by approximately 18.9 million tokens over the next six years.
SIMD-0553 Proposal: Instead of the existing signature-fee burning mechanism, this proposes introducing a resource-based fee driven by network capacity, which will be completely burned.
Price and Market Activity:
On August 26, SOL's daily UTC close was recorded at $102, marking the first time it surpassed the $100 threshold since February 3.
On August 27, it successfully managed to sustain its price above the $100 mark.
U.S. Solana funds (ETFs) recorded consecutive net inflows over seven trading days from August 18 to August 26, bringing the cumulative total to $1.26 billion (with August 26 alone accounting for $9.14 million).
In July, non-vote transactions (excluding validator votes, user transfers, and app usage) surged to 4.2 billion, setting a new monthly record.
You can trade in the Solana #spot and #futures markets via Binance.
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@Solana Official network node operators and stakers are currently voting on two key proposals regarding the $SOL blockchain:
SIMD-0550 Proposal: This proposal aims to double the annual reduction rate of new SOL issuance from 15% to 30%, while keeping the 1.5% terminal floor intact. This will reduce the amount of SOL entering circulation by approximately 18.9 million tokens over the next six years.
SIMD-0553 Proposal: Instead of the existing signature-fee burning mechanism, this proposes introducing a resource-based fee driven by network capacity, which will be completely burned.
Price and Market Activity:
On August 26, SOL's daily UTC close was recorded at $102, marking the first time it surpassed the $100 threshold since February 3.
On August 27, it successfully managed to sustain its price above the $100 mark.
U.S. Solana funds (ETFs) recorded consecutive net inflows over seven trading days from August 18 to August 26, bringing the cumulative total to $1.26 billion (with August 26 alone accounting for $9.14 million).
In July, non-vote transactions (excluding validator votes, user transfers, and app usage) surged to 4.2 billion, setting a new monthly record.
You can trade in the Solana #spot and #futures markets via Binance.
💰 New to #BINANCE
Join Binance via Our Exclusive Affiliate Partnership. Unlock an Affiliate-Boosted Welcome Bonus of up to 19,800+ $USDT by signing up through our official partnership link. Don’t miss out on these premium rewards.
💰 Sign Up: https://www.binance.com/join?ref=HOWINU
💰 Referral Code: HOWINU (Ensure you use the code during registration to activate your exclusive bonus package)