Solana Proposal Could Boost Daily SOL Burns from $47K to $650K – Bullish for SOL?
Solana Proposal Could Increase Daily SOL Burns to $650,000
A new Solana governance proposal could dramatically increase the amount of SOL burned each day—from approximately $47,000 to as much as $650,000, representing a nearly 14× increase in daily token burns.
The proposal combines two key upgrades:
- SIMD-0553 introduces a resource-based transaction fee model, allowing more transaction fees to be permanently burned.
- SIMD-0550 doubles Solana's annual disinflation rate from 15% to 30%, reducing the issuance of new SOL over time.
If approved, the network could burn between 7,500 and 9,000 SOL per day, compared with roughly 650 SOL currently. At the same time, the proposal aims to reduce long-term inflation and strengthen SOL's tokenomics.
The proposal is still awaiting sufficient validator support before moving to a formal network-wide vote, meaning these changes are not yet active.
Why it matters: Higher token burns combined with lower issuance could reduce supply growth and improve SOL's long-term scarcity, although the network would still issue more SOL than it burns under current estimates.
$SOL #USInitialJoblessClaimsStayBelow200K
#ColdcardExploitFundsSentToMixers #ADPJulyPrivatePayrollsMissedExpectations #BinnanceSquare #altcoins
Solana Proposal Could Increase Daily SOL Burns to $650,000
A new Solana governance proposal could dramatically increase the amount of SOL burned each day—from approximately $47,000 to as much as $650,000, representing a nearly 14× increase in daily token burns.
The proposal combines two key upgrades:
- SIMD-0553 introduces a resource-based transaction fee model, allowing more transaction fees to be permanently burned.
- SIMD-0550 doubles Solana's annual disinflation rate from 15% to 30%, reducing the issuance of new SOL over time.
If approved, the network could burn between 7,500 and 9,000 SOL per day, compared with roughly 650 SOL currently. At the same time, the proposal aims to reduce long-term inflation and strengthen SOL's tokenomics.
The proposal is still awaiting sufficient validator support before moving to a formal network-wide vote, meaning these changes are not yet active.
Why it matters: Higher token burns combined with lower issuance could reduce supply growth and improve SOL's long-term scarcity, although the network would still issue more SOL than it burns under current estimates.
$SOL #USInitialJoblessClaimsStayBelow200K
#ColdcardExploitFundsSentToMixers #ADPJulyPrivatePayrollsMissedExpectations #BinnanceSquare #altcoins