I’ve been closely watching Solana governance over this period, especially the supply mechanism of $SOL . Honestly, I didn’t expect this “two-way deflation” proposal to pass. The voting process was extremely tight—Kraken nearly managed to reject it by leveraging validator weights. In the end, it still passed, which shows that the community’s support for reducing supply ultimately had the upper hand. Once the proposal is implemented, new SOL issuance will slow down; that’s far more tangible than many so-called verbal positives. But I also noticed that another proposal, which was originally meant to burn transaction fees, didn’t pass—so strictly speaking, this isn’t a complete two-way deflation; it’s only half of it. This kind of split is quite thought-provoking: one side wants to control inflation, while the other isn’t willing to adjust fee subsidies. It suggests the Solana ecosystem is still searching for balance. My view is that the contraction on the supply side has already taken effect, providing SOL with a long-term price support. It may not show up immediately in the short term, but this is a slow-moving variable. Once more investors recognize it, it will gradually turn into a buying rationale. I wouldn’t go all-in because of this, but I will treat it as a turning point for re-evaluating SOL’s fundamentals.