A new Solana proposal would take daily SOL burns from $47,000 to $650,000
SGP-0003 bundles a fee overhaul with a doubling of the disinflation rate. It needs 40 million more SOL of validator support in two weeks to reach a vote.
Make preferred on
Share this article
Summary
- Solana validators are signaling support for two linked governance proposals, SIMD-0550 and SIMD-0553, that would both reduce new SOL issuance and increase the amount of SOL burned.
- SIMD-0553 would introduce resource-based transaction fees, lifting daily SOL burns from about 650 to as many as 9,000 coins, while SIMD-0550 would accelerate disinflation so the network reaches its 1.5% terminal inflation rate by 2029 instead of 2032.
- The proposals have backing from 24.94 million SOL in stake, led heavily by validator Helius, but must attract roughly 40 million more SOL in support to clear a 15% signaling threshold before an actual vote by Aug. 18.
