VanEck Research Director: The new proposal for Solana is expected to reduce the annual selling pressure of SOL by $677 million to $1.1 billion

ChainCatcher news, VanEck's Director of Digital Asset Research Matthew Sigel published an analysis stating that the combined effect of Solana's SIMD 096 and SIMD 0228 proposals is expected to reduce the annual selling pressure of SOL by $677 million to $1.1 billion. Sigel pointed out that while SIMD 096 increases tax-related selling pressure by eliminating the 50% priority fee burn mechanism, the impact of SIMD 0228 is expected to fully offset this negative effect.

Previous news, Solana's SIMD 0228 proposal is open for discussion and is expected to undergo community voting in about 10 days. This proposal aims to shift the issuance of SOL tokens to a market-driven model, setting a target staking rate of 50% to enhance network security and decentralization.