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.
Between October 10 and 16, 2026, XRP experienced the largest decline among six major cryptocurrencies, falling 6.06%. Other cryptocurrencies also dropped: Bitcoin fell 1.25%, Ether 2.60%, BNB 2.83%, Solana 4.35%, and Dogecoin 5.22%. Despite these los...
On October 20, Zcash (ZEC) spot ETFs attracted $1.61 million in net inflows, standing out as the only altcoin ETF to gain fresh capital. Meanwhile, Solana (SOL), Hyperliquid (HYPE), and NEAR spot ETFs experienced net outflows, with SOL extending its ...
A single wallet withdrew 370,000 Solana (SOL), worth about $39 million, from Binance over three hours and staked the entire amount roughly 15 minutes later. Staking SOL allows holders to earn rewards on the Solana network, indicating this large holdi...
Solana (SOL) experienced a sharp 2.36% price drop within one hour, falling to $105 on October 20. This decline was driven by long position liquidations totaling $1.05 million across Binance, Bybit, and OKX, significantly outweighing short liquidation...
Solana (SOL) surged 2.33% to $107 within one hour on Binance's SOL/USDT spot market, driven by significant short liquidations totaling $3.45 million across Binance, Bybit, and OKX. This surge outpaced long liquidations, which were only $80,000, indic...
