Historic Changes Are Coming for the Established Altcoin Solana (SOL)! Two Important Proposals Have Been Prepared! Here's What Awaits Us
Two new governance proposals, SIMD-0550 and SIMD-0553, could bring major changes to the Solana (SOL) blockchain's economic model. Validators are seeking to increase network transaction fee burns and reduce the overall issuance of SOL tokens. If approved, these measures could significantly raise the daily amount of SOL burned from the current 650 SOL ($47k) to approximately 9,000 SOL ($650k). A key impact would be accelerating Solana's timeline to reach its 1.5% inflation target from 2032 to 2029, potentially reducing the token supply by about 18.9 million SOL over six years. However, some analysts caution that even this increased burn rate may not be enough to make the network deflationary, as it would remain below the estimated 60,000 SOL issued daily to the market.
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