Solana Cuts Storage Costs by 90% in Phased Update

Solana's core development team, Anza, has announced the first of five feature gates is live. This update cuts on-chain storage costs by about 90%. The reduction targets stablecoin and payment businesses, two of Solana's fastest-growing crypto/DeFi use cases.

The changes will lower costs for developers, boost adoption, and improve economics for payment-focused projects. Stablecoin and payment businesses are among the network's most rapidly growing use cases.

The reduction in storage costs is part of a phased update to the protocol, with five feature gates planned in total. The first gate has now been deployed, marking an initial step towards these cost reductions.