Solana developer cavemanloverboy has released a new governance proposal (SIP-547) aimed at improving SOL tokenomics.

Through the proposal, he assessed that "the current scale of SOL burned on the Solana network is effectively at a meaningless level." He explained that even in an environment processing 3,000 transactions per second (TPS) and 259 million daily transactions, the daily SOL burn volume generated by the base fee burn of 2,500 lamports amounts to merely 648 SOL. This is a very low figure compared to the daily inflation of approximately 60,000 SOL.

He further emphasized, "Uniformly raising base fees to improve SOL tokenomics is not a realistic option. At this point, the only reasonable way to improve SOL tokenomics is to introduce a resource-based base fee system and burn it in its entirety."