SOL has no fixed maximum supply. Solana issues new coins to reward Participating in a network with coins allocated to block validation. You can run your own validator or participate through a selected validator or service. Rewards are earned for following the network’s rules. participants and burns part of the base transaction fee. Staking grows a participant’s balance, while burning reduces the total number of SOL in existence.
A token’s issuance, allocation and use rules. They determine how supply changes and what holders can do with the token. describes a coin’s issuance, allocation and uses. For SOL, three processes matter: creating coins, destroying part of transaction fees and unlocking balances that already exist. They affect supply and a holder’s position in different ways.
How much SOL exists?
On October 13, 2026, data from the Solana mainnet showed the following supply. Figures are rounded to two decimal places in millions of SOL.
| Measure | SOL amount | Meaning |
|---|---|---|
| Total supply | 635.72 million | All existing coins, including those excluded from circulation |
| Circulating supply | 589.16 million | Coins classified as circulating by the network |
| Non-circulating supply | 46.56 million | Coins in accounts excluded from circulation by the network |
Circulation does not mean every coin is offered for sale: holders may keep coins or delegate them to validators. These categories describe supply; access to a particular balance depends on its account rules. Network supply definitions.
In epoch 1056, the current epoch on the research date, the annualized issuance rate was approximately 3.60%. This measures The rate at which token supply grows through new issuance. It describes the token supply rather than consumer prices.: how quickly the network creates SOL. An individual staker’s reward is calculated separately. Solana’s inflation measure.
How were the initial coins allocated?
The network initially created 500 million SOL. The Grayscale Solana Trust’s 2025 registration filing groups the initial allocation as follows:
| Group | SOL | Share of initial issuance |
|---|---|---|
| Investors | 189 million | 37.8% |
| Solana Foundation: network development and expenses | 52 million | 10.4% |
| Solana Labs: including employee compensation | 64 million | 12.8% |
| Community: incentives, programs and grants through the Foundation | 195 million | 39.0% |
This historical allocation explains how the project financed its launch and development. Distribution subsequently changed through transfers, sales, grants and rewards. Present balances held by specific owners describe a different point in that history.
The community reserve was assigned to the Foundation to fund programs. “Community” in the initial table therefore describes the coins’ purpose. The Foundation’s 2020 transparency report shows how grants, sales and other distributions changed circulation.
How does Solana issue new SOL?
The schedule active on October 13, 2026 starts at 8% annual inflation, reduces that rate by 15% per year and gradually reaches a long-term rate of 1.5%. Active mainnet parameters confirm that setting. Inflation schedule parameters.
The rate of creation declines rather than the supply itself. A hypothetical 4% rate becomes 4% × 0.85 = 3.4% after a relative reduction of 15%. As long as issuance exceeds burning, the number of existing SOL grows even while issuance slows.
New coins fund rewards for helping secure the network. Validators check transactions and participate in confirming blocks; SOL delegated to them adds voting weight. A coin holder receives their portion of rewards after A network participant that verifies transactions and helps confirm blocks using dedicated software. Validators work together under the network’s rules to determine which blocks are accepted and how balances are updated. commission.
SIMD-0550 proposes increasing annual disinflation from 15% to 30%. On October 13, 2026, the mainnet used 15%. Double Disinflation proposal.
Which fees are burned?
Solana transaction fees have two components. The base fee is 5 000 lamports per signature, with one The smallest unit of SOL, used to calculate Solana fees. One SOL equals one billion lamports. equal to one billionth of SOL. Half the base fee is burned and half goes to the block producer. The priority fee increases a transaction’s scheduling priority and goes entirely to the producer. This is the mechanism following SIMD-0096. Fee distribution rules.
For example, consider one signature and a hypothetical priority fee of 0.00002 SOL. The base fee is 0.000005 SOL and the total is 0.000025 SOL. The network burns 0.0000025 SOL and the producer receives 0.0000225 SOL. Increasing the priority fee changes the producer’s income while leaving this example’s burned amount unchanged.
The network fees shown for the widget’s period connect activity with money flows. A detailed account of their recipients and the relationship between applications and the network is available in Solana network economics.
Why is the staking rate different from inflation?
New SOL issuance is measured against the whole supply. Rewards are distributed among staking participants, so the proportion of coins delegated affects an individual staker’s result. Validator performance, commission and time participating then affect that result. Solana staking mechanics.
With native delegation, SOL remains in an account whose withdrawal authority the owner controls. With A service stakes coins and issues a token representing your share. The token can be used in applications or swapped; the swap price and the time required to redeem the original coins depend on the market and the service’s rules., a pool delegates coins and issues a share token, such as JitoSOL; rewards increase the SOL backing that share. These forms of participation have different rules for accessing the coins. Jito liquid staking.
The table pairs Yieldo’s current SOL product rates with the issuance rate measured on October 13, 2026. APR is a simple annualized rate. Assuming one unchanged year, (1 + APR / 100) / (1 + issuance rate) − 1 compares coin growth with gross issuance, before burning. Accrual and withdrawal follow each product’s terms.
SOL rates and coin issuance
Annual gross issuance rate: 3.60% in epoch 1056. Network observation: 13.10.2026 15:20 Moscow time. This dated issuance input is measured before fee burns.
We compare this input with fresh SOL exchange product rates. The model holds APR constant for a year and grows total supply by the stated issuance rate. Rewards use simple interest without reinvestment.
Share change = (1 + APR / 100) / (1 + issuance / 100) − 1
| Product and observation | APR | Share change | Exchange-reported terms |
|---|---|---|---|
| Kraken On-chain staking 18.10.2026 08:03 MSK |
4.80% | +1.15% |
From 0.01 SOL Term / exit: 3 days |
| Bybit On-chain staking 18.10.2026 08:03 MSK |
4.69% | +1.04% |
From 1.00 SOL Up to 100,001.00 SOL |
| OKX On-chain staking 18.10.2026 08:03 MSK |
4.68% | +1.04% |
From 0.01 SOL Up to 0.00 SOL Term / exit: 0 days |
| OKX Flexible 18.10.2026 08:03 MSK |
4.00% | +0.38% | |
| KuCoin Flexible 18.10.2026 08:03 MSK |
4.00% | +0.38% |
From 0.01 SOL Up to 150,000.00 SOL Term / exit: 5 days |
The table includes flexible and exchange on-chain staking products with a single rate. Fixed offers and programmes for specific participant groups are excluded. The share change describes SOL units under the model’s assumptions. Results in dollars also depend on the coin price; exit terms and actual burns change the calculation.
Staking and contractual lockups
Delegated SOL has a staking state. After delegation is disabled, coins go through deactivation and then become available to withdraw. Transitions take place at epoch boundaries; timing depends on network rules and changes in the wider stake.
An account may also have a lockup until a particular date or epoch. Its balance can participate in staking, but withdrawal remains restricted until the lockup ends, even after deactivation. This is a separate condition described in the stake account rules.
An unlock makes existing coins available to their owner. Issuance creates new SOL. The supply equation is therefore ending supply = starting supply + new SOL − burned SOL. An unlock date determines access to a balance; selling afterwards is the owner’s decision.
How does a holder’s share change?
Take a hypothetical 100 SOL. After a year, the balance reaches 106 SOL after all rewards and deductions, while total supply grows 4%, including the effect of burning. The initial share is 100 divided by starting supply; the ending share is 106 divided by ending supply.
The relative share change is 1.06 / 1.04 − 1 = +1.92%. Subtracting 4% from 6% gives an approximation. The exact formula accounts for the growing denominator too.
If those 100 SOL simply remained in a wallet throughout the year, the relative share would fall: 1 / 1.04 − 1 = −3.85%. The holder would still own the same number of coins. This calculation measures a share of all existing SOL; dollar value also depends on market price.
The 6% and 4% rates are assumed inputs for the same year rather than a current staking rate or a forecast. The model assumes no additional coin purchases or sales.
Using tokenomics to assess SOL
Issuance explains where new coins come from; staking explains who receives them; burning explains which part of a fee disappears from supply. The initial allocation describes the project’s financing history, while lockup rules describe access to an individual balance.
The connection between these mechanisms and demand is explored in the SOL investment thesis. The coin profile gathers key data and links to SOL products and withdrawal fees. Applications and routes for using the network are listed in the Solana ecosystem.