According to Bitcoin.com News on June 2, a Solana developer using the pseudonym cavemanloverboy published SIMD-547 last Saturday, proposing to set a base fee based on the transaction type. The goal is to increase SOL daily burn to reduce the level of network currency inflation. Market makers and users of payment priority fees are affected less, while some users who pay lower fees may see fee increases of up to 600%.
Core Mechanisms of SIMD-547 and Current Data Comparison
According to the proposal, the added base fee would vary depending on the type of transactions to be burned. cavemanloverboy said on social media that although Solana dApps generated more than $90 million in revenue in May 2026, only $1 million worth of SOL was burned in May, calling the current fee burn level “extremely small and negligible.”
Zensei’s analysis estimates that to raise daily burn to 64,800 SOL, network activity would need to increase by about 25 times. At that point, the SOL burn value in May could rise from the current $1 million to a range of $3.6 million to $36 million.
Positions from All Sides: Yakovenko Supports, Hubbard Criticizes
Yakovenko publicly supports SIMD-547. SOL Strategies CEO Hubbard said that agent activity is increasing, “but large participants and institutions have not yet fully been operating on-chain,” so fees should be lower rather than higher. He said: “We need to support more than 100,000 transactions per second. For network users, that’s a rounding error; otherwise, we won’t be able to compete with transaction databases, or even other networks.”
FAQ
What is the current status of the SIMD-547 proposal?
SIMD-547 was put forward by the developer cavemanloverboy on Saturday. It is still in the proposal stage and has not been passed yet. Yakovenko has expressed support, and there are also voices opposing it within the Solana ecosystem. The final decision will depend on Solana’s governance voting process.
What kind of users does the 600% maximum fee increase refer to?
Based on the proposal, the scenario with the highest fee increase of up to 600% mainly targets users who pay lower fees; users who are market makers and those using payment priority fees to speed up execution are relatively less affected.
How does Zensei calculate its estimate of daily SOL burn?
DeFi researcher Zensei said that if the proposal passes, the daily SOL burn could increase from 648 SOL to between 10,800 and 64,800 SOL. Reaching the upper-limit conditions requires network activity to increase by about 25 times. This is Zensei’s personal estimate, not official figures from the proposal documents.
