Solana Validators Signal Support for Proposal to Boost Daily Burn

Solana validators have begun signaling support for two governance proposals that aim to reduce new SOL issuance and increase daily SOL burns.

The first proposal, SIMD-0553, would introduce resource-based transaction fees, lifting daily SOL burns from around $47,000 to between $375,000 and $650,000 per day.

The second proposal, SIMD-0550, doubles the annual disinflation rate to 30%, pulling Solana's 1.5% terminal inflation floor forward to 2029 from 2032.

Initial support for the proposals stands at 24.94 million SOL, but they need roughly 40 million more SOL in stake to clear a 15% signaling threshold before an actual vote by August 18.