The biggest narratives usually look niche at first.
Then the right people start paying attention.
Builders discussing it.
Major Solana voices posting about it.
Devs debating incentives.
CT creating lore.
What starts as a proposal becomes a meme.
What starts as a meme becomes culture.
$SIMD-547 feels less like random speculation and more like a Solana-native narrative unfolding in real time.
Some people redesign the farm.
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The more I think about SIMD 547, the more I think people are underestimating its potential impact.
A useful way to understand the proposal is through Solana REV. Real Economic Value (REV) measures the value paid for transaction execution, capturing user demand to transact onchain. On Solana, REV includes in-protocol fees such as base fees and priority fees, as well as out-of-protocol Jito tips.
REV is down more than 90% from its peak. In one sense, that is negative for validator and tokenholder economics. But for an L1, the goal should not be to maximize fees at all costs. Solana’s core value proposition is that it remains cheap enough for users and applications to thrive. The challenge is improving SOL value accrual without undermining the low-cost environment that made Solana attractive in the first place.
This is why SIMD 547 is so clever. Rather than broadly raising Solana’s flat base fee, it introduces a resource-based burn that charges transactions based on the resources they request. The mechanism could monetize higher-resource, more price insensitive users while keeping low-resource, high-frequency activity, such as market maker oracle updates, relatively cheap.
The important distinction is that SIMD 547 would accrue directly to SOL tokenholders through the burn mechanism. Priority fees currently flow to validators and only reach stakers through validator-specific arrangements, while applications and transaction landing services increasingly capture much of the value around transaction execution. As shown in the chart below, application revenue has outpaced Solana REV since late 2023, with the app revenue / REV ratio approaching 5x in recent quarters. SIMD 547 would help capture back some of that leaked value by redirecting a portion of users’ willingness to pay for execution into SOL burn.
Based on our scenario analysis and assuming a SOL price of $75, SIMD 547 could generate roughly $71M to $591M of annualized burn-based REV. The lower end assumes 60M CU blocks, 400ms slots, 80% utilization, and a conservative 0.1 lamport parameter, while the upper end assumes 100M CU blocks, 200ms slots, 80% utilization, and a 0.25 lamport parameter.
To put the magnitude in context, Solana generated roughly $18M of REV in May, or ~$216M annualized. This means the proposed resource-based burn could represent ~33% of current annualized REV in the conservative scenario and more than 2.7x current annualized REV in the higher-capacity scenario. Unlike priority fees, application revenue, or transaction landing revenue, this value would accrue to SOL tokenholders directly through burn, removing those tokens from circulation.
$SIMD-547 is bullish for a simple reason:
If Solana grows, the tokenomics improve with it.
More activity → more fees burned → tighter supply dynamics.
The proposal turns network usage into a stronger long-term value accrual mechanism for $SOL.
$SIMD-547
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@toly@cavemanloverboy@mert@0xcarlosg@vibhu
“所谓心智模式,指的是隐藏在每个人内心深处、影响人们如何看待这个世界以及如何做出反应的一些根深蒂固的假设、成见、逻辑、规则,甚至图像、印象等。心智模式是隐而不见的,但它却无时无刻不在制约着人们的思维。”
Excerpt From
系统思考实践篇 (湛庐文化•财富汇)
邱昭良 [邱昭良]
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