Solana’s first rent reduction went live Sept. 3, lowering by about 9% the minimum SOL needed to create accounts. The full plan targets a 90% reduction across five stages, dropping the parameter from 6,960 to 696 lamports per byte. Account owners can now reclaim excess SOL using the WithdrawExcessLamports instruction, but withdrawal control belongs to the account owner, not necessarily the party that funded the initial deposit. The remaining three stages are expected with Agave 4.4 in November, pending state-growth review. This reduction could weaken the incentive to hold SOL as a reserve while lowering capital requirements for payment providers and new users.
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