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Event File CRYPTO Solana

Solana Fee Overhaul Targets Resource Hogs, Boosts SOL Burn

1 reports · First detected 2026-08-14 · Last active 2026-08-14

Solana currently charges a base fee of 5,000 lamports per signature, splitting the proceeds evenly between token burn and the block leader, while priority fees go entirely to validators. The model does not directly price compute, write locks or loaded account data, allowing resource-intensive transactions to pay the same base charge as simpler activity. At roughly 3,000 transactions per second, signature fees burn about 648 SOL daily, compared with estimated issuance of around 60,000 SOL a day.

SIMD-0553, created on June 3, 2026 and still listed as a draft by the Solana Foundation, would set a flat 2,500-lamport inclusion fee paid to the leader and add a resource fee based on requested cost units. Rates would rise in stages from 0.1 to 0.25 and ultimately 0.5 lamport per unit, with 100% of the resource charge burned. Using May 2026 network data, the proposal estimates daily resource-fee burns of 7,500 to 9,000 SOL at the final rate, roughly 12 to 14 times the current signature-fee burn.

All Coverage

1 original reports

The Backstory

The history behind this event
Solana Supply-Cut Vote Advances as $800,000 Burn Plan Trails2026-08-28 · 2 reports · similarity 0.83

Solana issues new SOL to reward validators that secure the network, creating roughly 60,000 tokens a day while burning only about 650 through transaction fees. SGP-0002 and SGP-0003 seek to narrow that gap from opposite directions: the first would accelerate reductions in new issuance, while the second would introduce resource-based fees and destroy part of each charge. The proposals matter because slower supply growth could reduce dilution for holders while changing validator economics.

As of Aug. 28, 2026, all three proposals had cleared the quorum requiring participation from one-third of staked SOL. SGP-0002 held 68.77% support, narrowly above the two-thirds approval threshold, and would double the annual disinflation rate to 30% from 15%. SGP-0003 trailed with 62.72% support. If approved and implemented, it could raise daily burns to 7,500-9,000 SOL from about 650, worth as much as $800,000 at this week’s prices.

Solana Proposals Seek Tenfold Increase in Daily SOL Burns2026-08-05 · 3 reports · similarity 0.83

Solana is considering a major overhaul of its token economics through the linked SIMD-0550 and SIMD-0553 governance proposals. The measures would introduce a resource-fee mechanism and revise the network’s inflation schedule, tying SOL supply more closely to demand for network capacity. The proposals matter because higher token burns and slower issuance could tighten supply while changing the incentives facing validators and users.

Solana validators have recently signaled support for the two proposals. If adopted, the changes could lift the value of SOL burned each day more than tenfold, from about $47,000 to as much as $650,000. The package would also accelerate disinflation, with the network targeting a terminal annual inflation rate of 1.5% by 2029.

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