Solana's 90% Deposit Cut Could Weaken a Reason to Hold SOL

Eligible Solana token-account owners can reclaim excess SOL that was previously needed to keep their accounts open after the network's first rent reduction went live on September 3. The full plan aims to change how account growth translates into SOL held against storage, with a proposed 90% reduction in account deposits.

According to the Solana Foundation's tracker, only the first reduction, approximately 9%, is currently live on mainnet. If completed, the tenfold comparison applies to the final target, which would have total persistent account state growing ten times as much to require the same minimum SOL reserves as before.

The immediate benefit of the plan is access to capital already on-chain, with users able to reclaim excess SOL through an authorized transaction that leaves the minimum intact. The party entitled to authorize the withdrawal may be different from the party that supplied the SOL.