Solana's 14x SOL Burn Vote Enters Its Final Days Before an August 18 Deadline

Solana validators weigh a package that lifts daily SOL burns

Solana validators are voting on a two-part proposal that would sharply raise how much SOL the network destroys each day. The package pairs two measures, SIMD-0553 and SIMD-0550, grouped together as SGP-0003. Together they would lift daily SOL burns from about 650 tokens to between 7,500 and 9,000 tokens. That marks an increase of up to 14 times the current rate. Both measures would take effect together if validators approve the package.

SIMD-0553 reworks fees to penalise heavy transactions

SIMD-0553 introduces resource-based transaction fees. The design charges users more for transactions that consume heavier network resources. Wasteful or spam-like transactions would carry the highest fees under the new model. Backers say the model would push the daily burn toward the 7,500 to 9,000 SOL range at current activity levels. At the prices used in the proposal, the current daily burn is worth about $47,000. The proposed level would push that value toward $650,000 a day. Solana's inflation rate sits near 3.8% today, and the fee change would speed up the removal of tokens from circulation.

SIMD-0550 doubles disinflation and trims SOL emissions

SIMD-0550 targets Solana's emissions schedule rather than its fees. It would double the annual disinflation rate from 15% to 30%. That shift moves the network's 1.5% terminal inflation target forward from 2032 to 2029. Over six years, the measure would remove about 18.9 million SOL in planned emissions from the supply. At recent prices, those avoided emissions would be worth well over $1 billion. By 2029, analysts expect the combined changes to hold net SOL supply growth near 1% a year. The two changes would work in opposite directions on supply, cutting new issuance while burning more existing tokens.

The formal vote closes on August 18 with a 15% threshold

The vote runs through a validator staking mechanism and closes on 18 August 2026. To pass, the proposals need backing from 15% of staked SOL, equal to about 65.16 million tokens. Validator support has built up since the formal vote clock started on 5 August. The package had cleared an earlier signalling gate before the formal vote began. More than 70 validators have signalled support since the vote opened. Helius, an infrastructure company, leads the backing validators with about 16 million SOL. The staked total across the network stands near 432 million SOL, which sets the threshold each proposal must clear.

SOL traded near $75 at the time of publication

SOL traded at $75.47 at the time of publication, up 1.2% over the past seven days (CoinPaprika, 15 August 2026). The token held a market value near $44 billion, which ranks it among the largest cryptocurrencies. Its price sits about 74% below the all-time high set in January 2025. Lower daily issuance and higher burns would both reduce the pace at which new SOL reaches the market.

The vote could reshape SOL's supply path

If validators approve the package, Solana plans to burn more tokens each day while issuing fewer new ones. The combined effect would slow the growth of SOL's circulating supply through 2029. Validators can still change their positions before the 18 August deadline, which leaves the outcome open. The result will set Solana's token supply policy for the coming years.