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Solana proposes burning 100% of transaction fees to triple daily SOL burn rate.

Protocol Fundamentals
01 Jun 2026
Crypto Briefing
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Bullish
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Solana's new proposal SIMD-0547 aims to overhaul SOL tokenomics by introducing a resource-based fee system that burns 100% of base transaction fees. This change could increase the daily SOL burn rate from about 648 to between 1,500 and 1,800 SOL, narrowing the gap between SOL minted and burned. The proposal has backing from Solana co-founder Anatoly Yakovenko, Helius, and the Solana Foundation, but it depends on the upcoming Alpenglow consensus upgrade with no set activation date. While it won't make SOL deflationary immediately, it represents a significant step toward reducing inflation impact on the network.

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