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SOL A proposal has been submitted that would make major changes to Solana, one of the world's largest altcoins. Solana validators have proposed two governance proposals (SIMD-0550 and SIMD-0553) that aim to reduce SOL supply and increase token destruction.
If these proposals are passed, they could lead to significant changes in Solana's current economic model. The goal of the proposal is to significantly increase the amount of SOL destroyed daily in the network above current levels.
These proposals could increase daily network consumption from 650 SOL (approximately $47,000) to 9,000 SOL (approximately $650,000). At the same time, they may advance Solana's target of achieving 1.5% inflation from 2032 to 2029 and reduce the supply of approximately 18.9 million SOL over six years.
Some experts believe that increased fuel consumption alone may not be enough to transform Solana into a deflationary system. They claim that even if daily fuel consumption increases to 9,000 SOL, achieving deflation will still be difficult because it is still below the 60,000 SOL injected into the market every day.
* This article does not constitute investment advice.
