Solana SIMD-547 proposal would add per-transaction base fees to burn more SOL

Pseudonymous Solana developer cavemanloverboy introduced SIMD-547 on Saturday, proposing a new transaction base fee that would be burned to reduce SOL inflation. Some estimates say the change could lift daily SOL burn from 648 SOL to 10,800–64,800 SOL and potentially turn issuance deflationary if activity rises about 25x. The idea has support from Solana co-founder Anatoly Yakovenko, while SOL Strategies CEO Michael Hubbard warns higher costs could hurt emerging institutional and AI-related use cases.