A New Solana Proposal Would Take Daily SOL Burns From $47,000 to $650,000
The paired proposals would remove about 18.9 million SOL over six years and lift daily burns to as much as 9,000 SOL, according to supporters.
- Solana validators recently began registering support for two governance proposals, SIMD-0550 and SIMD-0553, which collectively aim to reshape SOL supply mechanics by adjusting issuance and destruction rates.
- These proposals work in tandem, with SIMD-0550 pulling the 1.5% terminal inflation floor forward to 2029 from 2032, while SIMD-0553 introduces resource-based fees to increase token destruction.
- Daily burns would lift from around 650 SOL to between 7,500 and 9,000, or up to roughly $650,000 daily at current prices, representing a 14x increase at the high end.
- Helius leads the effort with 16.03 million SOL staked, with Blueshift contributing 3.6 million and Temporal Emerald 1.24 million, pushing current support to 5.8% of the 15% threshold needed.
- The Solana Foundation initiated this governance process in July, ensuring validators prioritize significant questions while leaving routine technical updates inside the Solana Improvement Document process.
13 Articles
13 Articles
Solana Price 2026: Can SIMD-0550 and SIMD-0553 Trigger a Rally?
Solana validators are signaling support for two governance proposals that would dramatically change how much SOL enters and leaves circulation. The combined effect could tighten the token’s supply dynamics more aggressively than anything the network has attempted before. Yet SOL price is barely moving. The token trades near $74 as of August 5, 2026, stuck in its tenth consecutive red monthly candle and down roughly 75% from its January 2025 reco…
Two changes currently grouped in the governance proposal SGP-0003 on Solana are aimed at limiting the growth of the supply of its SOL token, using an increase in burn procedures and a doubling of its annual rate of disinflation. What could this imply in concrete terms? L的article Solana: Towards a deflationist SOL token? Two proposals are currently under consideration first appeared on Cryptoast.
Key Points of the News Solana's SGP-002 and SGP-003 proposals achieved the initial support needed to advance the formal phase of discussion after validators representing 15% of the SOL in stacking voted in favour.The initiatives seek to speed up the SOL's deflating schedule and introduce resource-based commissions, with their advocates arguing that they could strengthen the value of token in the long term.Some validators warn that changes could …
According to ChainCatcher, the Solana community is advancing two governance proposals aimed at reducing new SOL issuance and increasing network fee burning, thereby tightening the token supply. Proposal SIMD-0553 proposes introducing a resource-based transaction fee mechanism, charging fees based on the network resources used in transactions. This is expected to increase the daily SOL burning from the current approximately 650 SOL (about $47,000…
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