Solana Validators Begin Vote On Fee Burn Governance Proposal

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Solana validators began voting on August 23 on SGP-0003, a governance proposal that would restructure the network’s fee model and fully burn variable resource-based transaction fees. If approved, daily SOL burns could increase from roughly 650 SOL to between 7,500 and 9,000 SOL. The vote runs through Epoch 1023, expected to conclude on August 27. SOL has not yet become deflationary as the proposal is not yet active and the network’s supply dynamics have not yet changed.

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Telemac
Telemachttp://cryptoinfo.ch
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