Solana validators are voting on three governance proposals to adjust SOL token supply. All three cleared quorum, but the burn proposal currently lacks the two-thirds support needed for approval.
The burn proposal introduces a new transaction fee dedicated to burning SOL. If approved, it would increase daily burns from roughly 650 SOL to between 7,500 and 9,000 SOL—a more than tenfold jump. At current prices, that translates to $61,000 to $846,000 in daily token destruction.
Separate proposal SGP-0002, which doubles the annual disinflation rate to slow new SOL creation, is passing by a narrow margin. This measure would tighten the rate at which new tokens enter circulation.
Validator votes are weighted by staked SOL, giving larger holders more influence. Helius has contributed 24.94 million staked SOL in support of the proposals.
The burn proposal remains the sticking point. Validators are weighing whether accelerating token destruction—directly linking network activity to deflationary pressure—justifies the mechanism. SGP-0002's narrower focus on slowing issuance has proven more palatable.
Voting continues through Thursday. The burn proposal's failure to reach two-thirds signals validator concern about the scale of the increase, even as sentiment for supply tightening broadly supports the disinflation rate hike.
