Solana Proposes 14-Fold Token Burn Rate Hike in Supply Overhaul

Solana is weighing token supply overhaul proposals that would significantly increase the rate at which its native token, SOL, is burned. According to a report from SolanaFloor, two governance proposals are set to go to an initial vote on August 3. The measures target new token creation and transaction fees, with the goal of reducing inflation by 30% annually.

If both proposals pass, the number of tokens removed from circulation each day would rise dramatically. Average daily burns are projected to climb to around 9,000 tokens, up from roughly 650 now, a more than 14-fold increase.

The changes aim to ease supply pressure on SOL by tightening the availability of tokens over time. Solana's tokenized asset volume hit $5.8 billion in a record quarter, highlighting the network's growing role in the digital asset ecosystem.