Solana Governance Proposal Could Boost SOL Burns Amid Tokenized Asset Growth

A new governance proposal on Solana could significantly increase daily SOL burns if approved. The SIMD-0553, also known as the Resource and Inclusion Fee proposal, has cleared its initial vote and is now in the discussion phase. If implemented, it would raise daily SOL burns from about 650 to around 9,000.

Western Union's stablecoin-powered card, Stablecard, has launched on-chain and works instantly anywhere Visa is accepted, covering over 175 million merchant locations across 37 markets at launch.

Tokenized SpaceX shares have traded more than $1 billion in SOL on the blockchain, as the network sees growing interest in tokenized real-world assets.