Solana (SOL) validators are pushing for governance proposals (SIMD-0550, SIMD-0553) to reduce new SOL issuance and increase the burn rate. According to CoinDesk, if both governance proposals pass, the Solana network's daily burn rate could increase from the current 650 SOL ($47,000) to up to 9,000 SOL ($650,000). This would accelerate the achievement of the SOL inflation target of 1.5% from 2032 to 2029 and reduce the issuance of approximately 18.9 million SOL over six years. For the governance proposals to be put to a vote, support from 64.89 million SOL, which is 15% of the current SOL staking amount, is required, but currently, an additional 40 million SOL support is needed. It was also pointed out that even if the daily burn rate increases, it would not reach the daily new issuance of 60,000 SOL, making a transition to deflation difficult.
