A new Solana proposal aims to ramp up daily SOL Burns from $47,000 to $650,000

TechA new Solana proposal aims to ramp up daily SOL Burns from $47,000 to $650,000SGP-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.By Shaurya MalwaUpdated Aug 4, 2026, 6:05 a.m. Published Aug 4, 2026, 5:39 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowSolana 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.Solana validators began signaling support this week for a governance proposal that would alter how much SOL enters and leaves circulation, potentially tightening circulating supply and affecting market valuationsThe proposal, called SIMD-0553, introduces resource-based fees that charge transactions according to the network resources they consume. That would lift daily burns from around 650 SOL, about $47,000 at current prices, to between 7,500 and 9,000, or up to roughly $650,000 a day.SIMD-0550 doubles the annual disinflation rate to 30%, which pulls Solana's 1.5% terminal inflation floor forward to 2029 from 2032 and removes about 18.9 million SOL of emissions over six years, worth roughly $1.36 billion.SIMD stands for Solana Improvement Document, the technical proposal process core developers use for protocol changes. SGP is Solana Governance Proposal, the newer stake-weighted vote that sits…

A new Solana proposal aims to ramp up daily SOL Burns from $47,000 to $650,000

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