SpaceX · CryptoSlate
SIMD-0547, currently under discussion, argues that Solana's burn rate is around 648 SOL per day
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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On a network processing billions in daily volume, that figure reflects a design flaw in which usage accrues to the network's operators and application layer before it accrues to SOL as an asset.
Key facts
- Solana spot ETF AUM crossed $1 billion by month-end, following $115.3 million in net inflows in May, the best monthly figure of 2026
- Ryan Day, CMO of Solstice, said the SpaceX IPO is pricing this week, targeting a valuation of roughly $1.75 trillion and at least $75 billion in proceeds, with Reuters reporting that retail investors
- The market cap of tokenized real-world assets hit $2.8 billion, stablecoin supply crossed $16.4 billion, perps volume reached $64.6 billion, and Solana accounted for 97% of cumulative on-chain
- Kennis noted that the breakdown from the $76-$98 range toward the mid-$60s reflects macro risk-off pressure repricing a high-beta asset, with supply dynamics, holder distribution, and broader
Summary
01 Solana spot ETF flows topped $1 billion, yet SOL still trades near $63 despite booming network activity. 02 Much of the value from fees, stablecoins, tokenized equities, and perps reaches validators, issuers, and platforms before SOL holders. 03 Solana is debating SIMD-0550 and SIMD-0547 to cut dilution and raise burns, but validator support and timing remain uncertain. Solana spot ETF AUM crossed $1 billion by month-end, following $115.3 million in net inflows in May, the best monthly figure of 2026. The market cap of tokenized real-world assets hit $2.8 billion, stablecoin supply crossed $16.4 billion, perps volume reached $64.6 billion, and Solana accounted for 97% of cumulative on-chain tokenized-equity spot trading volume.