Solana's new proposal aims to improve the economic model of the SOL token by implementing a resource consumption-based cost burning mechanism.
CoinFeed reported on June 1st that Solana developer cavemanloverboy released a proposed proposal, SIMD 547, suggesting an improvement to the SOL token's economic model through a resource consumption-based fee burning mechanism. The proposal suggests charging a base fee of 0.1 lamport/cost unit per transaction and burning it entirely. Currently, the network burns only about 648 SOL daily, negligible compared to the inflation rate of approximately 60,000 SOL per day. According to community testing data, if this mechanism is implemented, the estimated daily additional burning amount is approximately 1500 to 1800 SOL, impacting market maker fees by about 3% to 5%, but significantly affecting transaction costs for ordinary users, with increases exceeding 600% in some scenarios. The proposal states that this mechanism can only be activated after the Alpenglow consensus upgrade and is currently still under community discussion.