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Solana gains 9% after garnering historic number of on-chain votes in failed SIMD-228 proposal

Solana (SOL) is up 9% on Friday following the result of the recent Solana Improvement Document (SIMD) 0228 governance vote, which failed to meet the required 66.67% approval threshold of participatory votes .

Solana validators vote against SIMD-228, SOL sees slight recovery
SIMD-228 failed to receive the required support needed for implementation, as 66.67% of yes votes were necessary for it to pass. The voting ended with 27.6% of validators voting no, while 43.6% voted yes, per Dune analytics dashboard by kagren0.

74% of Solana's staked supply was used in voting among 910 validators, marking the network's highest governance vote ever.

Solana gains 9% after garnering historic number of on-chain votes in failed SIMD-228 proposal

Solana (SOL) is up 9% on Friday following the result of the recent Solana Improvement Document (SIMD) 0228 governance vote, which failed to meet the required 66.67% approval threshold of participatory votes .

Solana validators vote against SIMD-228, SOL sees slight recovery
SIMD-228 failed to receive the required support needed for implementation, as 66.67% of yes votes were necessary for it to pass. The voting ended with 27.6% of validators voting no, while 43.6% voted yes, per Dune analytics dashboard by kagren0.

74% of Solana's staked supply was used in voting among 910 validators, marking the network's highest governance vote ever.

https://www.fxstreet.com/cryptocurrencies/news/solana-gains-9-after-garnering-historic-number-of-on-chain-votes-in-failed-simd-228-proposal-202503150010