Solana Validators Back Proposal for Sweeping Supply Changes

Solana validators are backing a proposal that would increase daily SOL burns up to 14x and reduce new token issuance faster, tightening supply from both ends.

The package, called SGP-0003, combines two separate Solana Improvement Documents into a single governance proposal aimed at improving the token's long-term value if demand holds or grows.

The first improvement document, SIMD-0553, would replace the current flat base fee per transaction with a resource-based fee model, charging transactions according to the network resources they actually consume.

This new structure would increase daily SOL burns from approximately 650 SOL, worth roughly $48,000 at current prices, to between 7,500 and 9,000 SOL per day, worth up to approximately $668,000.