ME News reports that on September 4 (UTC+8), Solana’s core development team Anza tweeted that the first feature toggle of Solana Improvement Proposal SIMD-0437 has been activated on the Beta Mainnet epoch 1028. The rent per byte has been reduced from 6,960 lamports to 6,333 lamports. This proposal includes five total feature toggles aimed at reducing Solana’s overall storage cost per byte by 90%. Once fully implemented, the lamport value will drop from 6,960 to 696, reducing the rent-exempt deposit for token accounts from approximately $0.16 to $0.016. (Source: Foresight News)
Solana Activates the First Feature Toggle of the SIMD-0437 Proposal on Beta Mainnet
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Summary
On-chain news broke on September 4 (UTC+8) as Solana’s Anza team activated the first feature toggle of the SIMD-0437 proposal on the Beta mainnet at epoch 1028. The per-byte rent cost decreased from 6,960 to 6,333 lamports. The full rollout aims to reduce storage costs by 90%, lowering lamports to 696 and cutting token account rent-exempt deposits from $0.16 to $0.016. New token listings may benefit from the reduced on-chain costs.
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