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Solana's proposal aims to increase the amount of SOL destroyed.
CoinPedia
06-01 14:33
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The Solana community is reviewing SIMD 547 proposal, which proposes to increase the amount of SOL burned by adding a base transaction fee and burning all of it.
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The Solana community is considering a new proposal, SIMD 547. Proposed by developer cavemanloverboy, the proposal aims to increase the amount of SOL destroyed by adjusting the transaction fee mechanism.

Proposal content

The proposal suggests adding a base transaction fee and burning all of it instead of allocating it for other purposes. Test results show that this mechanism could more than triple the current daily burning rate, potentially adding up to an additional 1,800 SOL.

Community discussion focus

Supporters believe this adjustment will help improve Solana's long-term token economics model. As more SOL is burned, the circulating supply will gradually decrease.

Follow-up arrangements

The proposal is currently under community review. As designed, it will not be available until the Alpenglow network upgrade is complete.

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