$SOL Solana SIMD-0437 Activated on Testnet: 90% Reduction in On
Chain Storage Costs
The Solana SIMD-0437 proposal has just been activated on the testnet, marking the first step toward optimizing storage costs.
🔸 Objective: Reduce the total storage cost per byte on Solana by 90%. The "lamports_per_byte" rate is expected to drop from 6,960 to 696.
🔸 Impact: The rent exempt deposit for token accounts is estimated to decrease from $0.16 to just $0.016.
👉 This is a major improvement for Solana, significantly lowering the cost of operating applications and accounts on the network. A 90% reduction in storage costs will make Solana far more competitive against other Layer 1 blockchains, particularly for applications requiring numerous accounts or extensive on-chain data. If successfully implemented on the mainnet, this will be a significant advantage for the Solana ecosystem.
💬 Do you think this reduction in storage costs will help Solana attract more new projects and users?
News is for reference, not investment advice. Please read carefully before making a decision.
Chain Storage Costs
The Solana SIMD-0437 proposal has just been activated on the testnet, marking the first step toward optimizing storage costs.
🔸 Objective: Reduce the total storage cost per byte on Solana by 90%. The "lamports_per_byte" rate is expected to drop from 6,960 to 696.
🔸 Impact: The rent exempt deposit for token accounts is estimated to decrease from $0.16 to just $0.016.
👉 This is a major improvement for Solana, significantly lowering the cost of operating applications and accounts on the network. A 90% reduction in storage costs will make Solana far more competitive against other Layer 1 blockchains, particularly for applications requiring numerous accounts or extensive on-chain data. If successfully implemented on the mainnet, this will be a significant advantage for the Solana ecosystem.
💬 Do you think this reduction in storage costs will help Solana attract more new projects and users?
News is for reference, not investment advice. Please read carefully before making a decision.
