Solana’s new burn proposal would take daily SOL burns from $47,000 to $650,000

Sixteen validators. That’s the entire universe of support behind a Solana proposal that would multiply the network’s daily SOL burn by more than 13x, and one company accounts for nearly two-thirds of it.

The proposal is SIMD-0553, and it changes how Solana charges for transactions: resource-based fees, where you pay according to the network resources your transaction consumes. Daily burns would go from around 650 SOL, roughly $47,000 at current prices, to somewhere between 7,500 and 9,000 SOL. Call it up to $650,000 a day.

That number reads bigger than it is. I’ll get to why.

The math doesn’t make SOL deflationary

Solana issues roughly 60,000 SOL a day in inflation. Even at the top of the projected burn range, 9,000 SOL per day gets swallowed whole by that. The fee change on its own doesn’t flip the supply curve. It dents it.

Which is why SIMD-0553 travels with a partner.

SIMD-0550 doubles the annual disinflation rate to 30%. That pulls Solana’s 1.5% inflation floor forward to 2029 from 2032 and strips about 18.9 million SOL of emissions out over six years, worth roughly $1.36 billion at current prices.

One proposal burns more of what exists. The other issues less of what’s new. Together they squeeze supply from both ends, and that’s the only framing under which the burn number means much.

Solana’s inflation is already falling

The current rate sits near 3.8%, down from an 8% start under a schedule that cuts 15% a year. SIMD-0550 doesn’t invent disinflation. It accelerates a mechanism that’s been grinding down for years.

Worth knowing the vocabulary here, because the two acronyms get used interchangeably and they aren’t. SIMD stands for Solana Improvement Document, the technical proposal process core developers use for protocol changes. SGP is Solana Governance Proposal, the newer stake-weighted vote that sits above it.

The signaling numbers are the real story

Support currently stands at 24.94 million SOL. That’s 5.8% of the 432.65 million staked, and roughly 38% of the way to the 15% threshold a proposal has to clear before it reaches an actual vote.

Still missing: 39.95 million SOL, or about $2.9 billion. Signaling closes Aug. 18.

Sixteen validators have signaled so far, data shows, about 2.3% of the set. Infrastructure company Helius accounts for 16.03 million SOL of that total by itself, close to two-thirds of everything gathered. Blueshift is next at 3.6 million, Temporal Emerald at 1.24 million, and then the list thins out fast.

One company is carrying most of this

Helius supplied 16.03 million SOL of the 24.94 million gathered. Helius also employs the engineer behind SIMD-0550.

That’s not disqualifying, and it isn’t hidden. But it does mean the support number and the authorship trace back to the same building, and anyone reading 24.94 million as broad validator enthusiasm should adjust.

The 15% gate is doing exactly what it was built for

Solana Foundation set that threshold in July so the validator set would only vote on questions that actually matter, leaving routine technical work inside the SIMD process.

Clearing it means several more operators of Helius’s size have to decide emissions are worth their signal. With two weeks left and the pace where it is, they haven’t.

If you hold SOL and you’re watching this, the number to track isn’t the burn figure. It’s whether anyone besides Helius shows up before Aug. 18.