Solana Reduces Token Storage Costs by 90% in Major Upgrade

Solana's Agave 4.2 upgrade is set to significantly reduce storage costs for token accounts on the network, cutting them by 90% through a phased rollout.

The reduction in capital required to create on-chain accounts comes as Solana expands into stablecoin payments and settlement, where payment companies and wallets need to create large numbers of token accounts.

The lamports_per_byte constant, which determines storage deposits, will be reduced from 6,960 to 696 through five feature gates, with each stage independently activated. The first stage cuts about 9%, while the completed rollout would cut the requirement by 90%.

A standard Solana token account's refundable deposit could fall from around $0.159 to $0.0159 after the full reduction, according to the Solana Foundation's example. This could make large-scale user onboarding more affordable for payment companies, which could save tens of thousands of dollars in upfront capital.