BlockBeats report, June 1: Solana developer cavemanloverboy has proposed SIMD-547, suggesting an improvement to the SOL token economy through a resource consumption-based fee burning mechanism. The proposal recommends charging a base fee of 0.1 lamport per cost unit for each transaction, with the full amount burned. Currently, the network burns only about 648 SOL per day in base fees, a negligible amount compared to the daily inflation rate of approximately 60,000 SOL.
Based on community-tested data, if implemented, this mechanism is expected to result in an additional daily burn of approximately 1,500–1,800 SOL, impacting market maker fees by about 3–5%, while significantly increasing transaction costs for regular users—with some scenarios seeing increases exceeding 600%. The proposal clearly states that this mechanism can only be activated after the Alpenglow consensus upgrade is enabled and is currently still in the community discussion phase.