
Solana proposal could lift burns tenfold
- Solana (CRYPTO:SOL) validators are considering changes that could lift daily burns from 650 SOL to 7,500–9,000 SOL.
- SOL traded near US$74, while the proposal had support from 63 million SOL, or 14.4% of staked supply.
- A companion proposal would double annual disinflation to 30%, bringing the 1.5% inflation floor forward to 2029.
Solana (CRYPTO:SOL) validators are considering a proposal that could lift daily burns from 650 SOL to 7,500–9,000 SOL.
The higher burn could remove up to US$668,000 in SOL daily, compared with about US$48,000 under the current system.
The proposal had support from 63 million SOL, leaving about 3 million SOL needed before the 18 August deadline.
The package combines higher transaction-fee burns with a plan to double Solana’s annual disinflation rate to 30%.
SOL traded near US$74, up slightly on the day but below its previous all-time high of US$293.
Solana currently issues about 60,000 SOL daily, meaning the proposed higher burn alone would not make the token deflationary.
The proposal needs support from 65.16 million SOL before advancing to discussion and then a formal validator vote.