Solana’s fee overhaul increases burn and makes resource hogs pay

SOL

SOL/USDT

$75.46

-0.11%

$75.46

-0.11%

(24s)

24h Volume

$566,801,544.52

24h H/L

$75.74 / $75.05

Change: $0.6900 (0.92%)

Long/Short

71.7%

Long: 71.7%Short: 28.3%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Solana

Daily

$75.53

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$78.3012

Resistance 2$77.1741

Resistance 1$75.6437

Price$75.53

Support 1$75.0918

Support 2$72.01

Support 3$70.0936

Pivot (PP):$75.38

Trend:Downtrend

RSI (14):51.5

Cointelegraph Staff

(01:30 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Solana is preparing to change how it charges for computing resources on the network.

Solana Improvement Document (SIMD-0553) would make its most resource-intensive users pay more while cutting the costs for simpler transactions. As a bonus, it would increase SOL’s burn rate in stages — and one day could even help make it deflationary.

Cavey, a researcher at Solana infrastructure firm Temporal and…