Solana burns about 648 SOL a day right now. For a network that clears millions of transactions every 24 hours, that’s close to nothing. A new proposal wants to change that, and the SOL burn rate could climb anywhere from 16 to 100 times its current level if it goes through.
The proposal is called SIMD-547, and it picked up its loudest endorsement this weekend. Yakovenko reposted it on X. That single repost is what turned a developer idea, written by a user going by @cavemanloverboy, into a network-wide conversation. The pitch is simple enough: add a resource-based fee on the heaviest transactions, then burn all of it.
What 648 a day turns into
Run the numbers and the jump is steep. Under SIMD-547, daily burns are projected to land between 10,800 and 64,800 SOL. At a price near $82.50, that moves the daily value destroyed from roughly $53,000 today to somewhere between $891,000 and $5.35 million. The reason the current burn is so small comes down to design. Solana’s base fees barely scratch the supply, even while activity stays high.
The line that got people talking
Solana issues roughly 60,000 new SOL a day through inflation. If SIMD-547 runs at its upper bound, the burn could swallow more SOL than the network mints. That would flip Solana to net deflationary during busy stretches, the same kind of supply squeeze Ethereum went after with EIP-1559. The appetite for this on Solana is already there. Pump.fun burned $370 million of its own token and wrote the buybacks into code, and the market rewarded it.
Why this keeps coming back
Solana’s burn history is messy. Back in 2024, validators voted to route priority fees to themselves instead of burning half of them, and inflation crept up as a result. SIMD-547 is the latest swing at fixing that, this time without touching the cheap, fast transactions that are Solana’s whole pitch. And that pitch matters more when rivals stumble. Sui sells itself on the same high-performance promise, then went dark for the third time in 18 months.
None of this is live yet. SIMD-547 still has to clear Solana’s governance process, and network participants have to actually adopt it. The $150 to $500 price targets floating around are guesses, nothing more, and they lean entirely on demand showing up to drive the burns in the first place. What the proposal really changes is the story. For the first time in a while, Solana’s supply schedule is something its own tokenomics, not just its speed, might start to define.
