SOL On Thursday, there was a clear strengthening trend, with this crypto asset ranking among the top ten by market capitalization in terms of percentage increase. In addition to the overall market recovery, two new developments that drove up prices came from brokerage channels and Solana on-chain governance: Charles Schwab plans to launch Solana spot trading, while the Solana community passed several economic proposals.
Schwab plans to expand Solana transactions
Charles Schwab indicates that plans are in place to offer Solana spot trading in the coming months. Prior to this, this large American asset management firm had already launched Bitcoin and Ethereum spot trading in May, and in June, it introduced 24-hour futures trading for Solana and XRP.
According to the disclosure arrangements, Solana spot trading will be accessible through its official website, mobile app, and thinkorswim platform. A fixed fee of 0.75% of the transaction amount will be charged for each transaction. Customers in most states of the United States can open relevant cryptocurrency accounts, except for New York State and Louisiana.
Epoch 1023 passes three proposals
On the same day, the Solana community passed three economic proposals in a vote on Epoch at 1023, which covered network governance text, token issuance rhythm, and a fee destruction mechanism.
One of the proposals aims to increase the annual deflation rate of the network by 30%. According to the calculations cited in the text, this adjustment could reduce the future issuance of approximately 18.9 million SOL by 6 years, and bring the network to a terminal inflation level of 1.5% from 2032 to 2029.
Another proposal suggests that 100% of the transaction fees for resource-based transactions be used for destruction, while verifiers would retain the basic fees. If this is implemented, the daily destruction volume of SOL is expected to increase from about 600 to 800 units to around 7,500 to 9,000 units.
- Annual inflation reduction rate increased by 30%
- An estimated reduction of 18.9 million SOL coins to be issued over the next 6 years.
- The daily destruction volume may increase to 7,500 to 9,000 pieces.
Institutions and verifiers pay attention to changes in earnings
Although these proposals generally tend to reduce supply, some institutions hold opposing views. Opponents argue that such adjustments may gradually lower the returns on staking, thereby affecting institutions' willingness to allocate resources, and also put pressure on the operations of smaller verifiers.
The report mentioned that after the proposal is approved, developers will incorporate the relevant content into the network through subsequent technical updates. Driven by the above news and the overall market upward trend, SOL reached $108 as of press time, with a cumulative increase of 46.33% over the past 30 days.
