Galaxy Research has introduced a new proposal aimed at changing the voting system that determines the inflation level in the Solana network. This could have significant implications for the platform's financial metrics.
Galaxy Research Proposal
The proposal, titled 'Multiple Election Stake-Weight Aggregation (MESA)', was introduced yesterday. Researchers note that this proposal incorporates 'a more market-based approach to agreeing on the rate of future SOL emissions.'
Current Solana Voting System
Currently, the Solana network uses a traditional yes/no voting system to determine inflation levels. In Galaxy's proposed voting mechanism, validators will be able to vote on multiple deflation rates, with the weighted average of these votes used as the outcome.
Solana Sets DEX Trading Records
While Galaxy waits for its proposal to be confirmed, Solana has surpassed all other blockchains in decentralized exchange trading volume over the past seven days. Data shows a more than 14% increase in Solana's trading volume, totaling over $16.147 billion. During the same period, leading competitor Ethereum saw activity drop by more than 32%.
Galaxy Research's proposal for a new voting system could influence the future of Solana's inflation, while the network continues to demonstrate growth in decentralized exchange trading volumes.
