Solana developer proposes plan to expand SOL burn

Solana developer cavemanloverboy has published a governance proposal, SIP-547, aimed at improving SOL's tokenomics. The developer argued that the current scale of SOL burning on the Solana network is effectively meaningless. He noted that even with 3,000 transactions per second (TPS), or 259 million transactions per day, burning the base fee of 2,500 lamports results in only 648 SOL being burned daily. This figure is extremely low compared to the daily inflation of approximately 60,000 SOL. According to the proposal, a blanket increase in the base fee is not a realistic option. Instead, cavemanloverboy stressed that the only reasonable way to improve the tokenomics at this point is to introduce a resource-based base fee system and burn the entire amount collected.