The first feature switch for the Solana SIMD-0437 proposal has been activated on testnet.

Chainthink

Release Time: 2026/08/28 04:36:21

SOL

$101.701.86%

Summary

On-chain news broke on August 28 as the Solana core team, Anza, activated the first feature switch of the SIMD-0437 proposal on testnet. The plan includes five switches aimed at reducing per-byte storage costs by 90%. Lamports_per_byte will decrease from 6,960 to 696, and token account rent-exempt deposits will drop from $0.16 to $0.016. This update could impact new token listings by significantly lowering deployment costs.

ChainThink reports that on August 28, according to X platform, Solana's core development team Anza announced that the first feature flag for proposal SIMD-0437 has been activated on the testnet.

This proposal includes five feature toggles aimed at reducing Solana’s overall storage cost per byte by 90%.

Once completed, lamports_per_byte will decrease from 6960 to 696, reducing the rent-exempt deposit for token accounts from approximately $0.16 to $0.016.

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