A new Solana proposal would take daily SOL burns from $47,000 to $650,000

CryptoInfo Editorial Team · Published on August 04, 2026 at 05:39 · Updated on August 04, 2026 · 1 min read

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Key Takeaways

→The Solana proposal SGP-0003 aims to increase daily SOL burns from $47,000 to $650,000
→The proposal includes a fee overhaul and a doubling of the disinflation rate
→The proposal needs 40 million more SOL in validator support to reach a vote

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

A new proposal for the Solana network, known as SGP-0003, has been put forth with the goal of substantially increasing the daily burn of SOL, the native cryptocurrency of the Solana blockchain. As reported by CoinDesk, this proposal aims to raise the daily SOL burns from $47,000 to $650,000. The proposal includes a fee overhaul and suggests doubling the disinflation rate.

To move forward, the proposal requires additional support from Solana validators. Specifically, it needs 40 million more SOL in validator support over the next two weeks to reach a vote. The outcome of this proposal could have significant implications for the Solana ecosystem, depending on the level of support it receives from the community.

Source: CoinDesk ↗

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