Solana governance sets new participation record outpacing past US presidential elections

Solana’s governance process reached a historic milestone as two key proposals, SIMD-228 and SIMD-123, drew unprecedented participation. These proposals aimed to address validator revenue distribution and network inflation, sparking intense debate within the Solana community. According to voting results, SIMD-228 failed to pass as it secured a 61.39% approval rate, falling short of the required […]