The article discusses two proposals in the Solana ecosystem: SIMD-0228 to change Solana's inflation mechanism and SIMD-0096 to stop burning half of Solana priority fees. Proponents of SIMD-0228 argue that market-based mechanisms are more efficient, while detractors believe it could centralize the network's power. The author expresses support for the proposal, stating that Solana should reduce issuance rewards and focus on revenue creation through MEV and priority fees.
Regarding SIMD-0096, the article discusses the unexpected response to its implementation. Despite the removal of a 50% tax on fee revenue, users and validators have not reduced priority fees, suggesting that competition has not significantly affected fee prices. Additionally, validator revenue from priority fees has decreased, as users make greater use of MEV tips. The article mentions the goal of reducing transaction processing units on Solana to prevent developer complexity and overhead costs.
Content Editor ( blockworks.co )
- 2025-03-08
Solana monetary decisions in the spotlight
