Initial support stands at 24.94 million SOL, or 5.8% of the 432.65 million staked, roughly 38% of the way to the 15% threshold a proposal must clear before it reaches an actual vote. That leaves 39.95 million SOL to find, or about $2.9 billion, before signaling closes on Aug. 18.
Sixteen validators have signaled so far, 2.3% of the set. Helius accounts for 16.03 million SOL of the running total on its own, close to two-thirds of everything gathered, with Blueshift next at 3.6 million and Temporal Emerald at 1.24 million before the list thins out.
As such, the burn increase is smaller than it sounds against what Solana issues. Even at the top of the projected range, 9,000 SOL per day is offset by roughly 60,000 SOL in daily inflation, so the fee change alone does not make SOL deflationary. That is part of why the two proposals travel together, with SIMD-0550 cutting issuance while SIMD-0553 raises what gets destroyed.
Even a 14x burn increase barely dents what Solana issues. (Shaurya Malwa/CoinDesk)
Meanwhile, Helius, which supplied 16.03 million SOL of the 24.94 million gathered, employs the engineer behind SIMD-0550.
But the 15% gate exists precisely to test this. Solana Foundation set it in July so the validator set would only vote on questions that actually matter, leaving routine technical work within the SIMD process.
