Solana validators are considering governance proposal SGP-0003, which would more than 10-fold increase daily SOL burns from approximately 650 SOL to between 7,500 and 9,000 SOL depending on network activity. This proposal combines two improvement documents: SIMD-0553 for resource-based fees and SIMD-0550 to double the annual disinflation rate to 30%, moving the 1.5% inflation floor from 2032 to 2029. The proposal has secured support from 63 million SOL, representing 14.4% of staked supply, requiring approximately 3 million more SOL to reach the 65.16 million threshold before the August 18 deadline. SOL currently trades around $74 with a market capitalization of $43 billion.
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