$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.
đž 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.
đž Impact: The rent exempt deposit for token accounts is estimated to decrease from $0.16 to just $0.016.
đ 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.
đŹ 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.
đž 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.
đž Impact: The rent exempt deposit for token accounts is estimated to decrease from $0.16 to just $0.016.
đ 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.
đŹ 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.
