TechFlow reports that on February 20, according to CryptoSlate, since the implementation of a new priority fee distribution mechanism on February 12, Solana's annualized inflation rate has increased by 30.5%. The daily amount of SOL burned has decreased from nearly 18,000 SOL to 1,000 SOL.
Carlos Gonzalez Campo, researcher at Blockworks, noted that Solana Improvement Proposal 96 (SIMD 96) allocates all network priority fees to validators and no longer uses them for token burning, causing the annualized inflation rate to rise from 3.6% to 4.7%.
Previous report, Solana proposal SIMD-96 has gone live, with network priority fees now being distributed 100% to validator nodes.
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