New Solana Proposal Aims to Boost SOL Token Burns

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The post New Solana Proposal Aims to Boost SOL Token Burns appeared first on Coinpedia Fintech News

A new Solana proposal, SIMD 547, could significantly increase the amount of SOL removed from circulation through token burns. Introduced by developer cavemanloverboy, the proposal would add a new base transaction fee that is fully burned instead of being distributed elsewhere. Testing indicates the mechanism could more than triple current daily burn levels, potentially increasing …