Solana validators advance proposals to boost daily token burns and cut future supply

Solana’s validator community is close to advancing a combined governance package (SGP‑0003) that would overhaul the network’s token economics. The first part, SIMD‑0553, proposes a resource‑based transaction fee that would raise daily SOL burns from roughly 650 SOL (about $48,000) to between 7,500 and 9,000 SOL (up to $668,000) depending on activity levels. The companion proposal, SIMD‑0550, would double the network’s annual disinflation rate to 30%, moving the 1.5 % inflation floor forward from 2032 to 2029 and cutting future emissions by an estimated 18.9 million SOL – roughly $1.39 billion at current prices – over the next six years.

To move to a formal vote, the package must secure support from validators holding at least 15 % of the staked supply (about 65.16 million SOL) by the Aug. 18 deadline. It currently has backing from validators controlling 63 million SOL (just over 14.4 %). Notable supporters include Helius, Jupiter, Staking Facilities, Drift, OtterSec and Solana Compass. Market observers note that SOL is trading in a tight $73‑$75 range, with holder numbers falling to a multi‑week low of around 11.3 million, while the proposals are seen as a potential catalyst for a longer‑term price rally toward $100.