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SOL Solana News Today: SOL surpasses Base,$319 million rent airdrop hits
Solana's news today focuses on two major updates on the Internet in the same week. These two changes together explain why traders are currently paying close attention to SOL. For the first time, the blockchain has surpassed Base in its share of transaction volume with x402, while another separate mainnet upgrade could allow users to regain millions of dollars in previously locked tokens.
Solana News Today: Unexpected x402 overtakes
According to a post posted by the X account SolanaFloor, Solana has surpassed Base in both the weekly number of x402 transactions and transaction volume, and currently handles more than 90% of cross-chain x402 transactions. 
x402 is a payment standard that allows AI agents and applications to automatically settle bills in stablecoins without the need for subscriptions or API keys. SolanaFloor's post sees this as the clearest signal yet that AI-proxy transactions and machine-to-machine (M2M) commercial activities are being concentrated into a single chain. For a network that has long been criticized for congestion, accounting for more than 90% of a rapidly growing category of micropayment protocols marks a significant shift in its dominance in the AI proxy payment race.
SOL Today's Price
Indicator Value Price $103.65 24-hour Change +3.5% Market Value $60.64 billion 24-hour Volume $4.075 billion Circulation Supply 585.361 billion SOL CoinGecko
Source: CoinGecko real-time price data, as of September 4, 2026.
Solana's $319 million rent relief: Detailed explanation of the airdrop mechanism
In addition, SolanaFloor also reported the news in a tweet, calling it an unexpected "airdrop" that could return up to $319 million into users 'wallets. 
This is not a token distribution, but a five-phase deployment under Proposal SIMD-0437 that aims to reduce the amount of SOL deposits needed to keep token accounts open. As the cost of storage per byte drops, users with old or empty accounts will be eligible to close those accounts and retrieve the SOLs locked in them. For details, please refer to the Solana Foundation's official upgrade page.
The key points from the official deployment are as follows:
- The goal is to reduce the underlying storage cost constant by 90%.
- is phased out in five separate, individually activated phases.
- Rent is a refundable deposit and not a fee, so closed accounts will be refunded their entire balance.
- By the fifth stage, it is expected that approximately 3.06 million tokens will become available across the network.
- Each stage includes backup security measures to prevent an unexpected surge in account growth.
Users who wish to close eligible accounts can refer to Solana's official guidelines for step-by-step instructions to retrieve excess funds.
Expert Opinion
Analysts who follow the network believe the timing of both developments strengthens the same narrative: building infrastructure for high-frequency, low-cost activities. In the current broader cryptocurrency news cycle, x402 's dominance shows the actual use of AI-driven payment traffic, while lower rents may lower the threshold for users to create apps under representatives. While neither event guarantees price results, taken together, they may support continued developer activity on the chain in the coming months, a trend that deserves continued attention in future cryptocurrency news.
