{
  "id": 2525586,
  "title": "Solana's 90% Rent Cut: The Economics of SIMD-0437",
  "url": "https://urgent.news/2026/08/22/solanas-90-rent-cut-the-economics-of-simd-0437",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T07:19:09.000Z",
  "source": {
    "name": "Dev.to",
    "slug": "dev-to",
    "url": "https://dev.to/sulimanmukhtar/solanas-90-rent-cut-the-economics-of-simd-0437-g18"
  },
  "original_language": "en",
  "account": "Solana is cutting the cost of creating accounts by 90%, thanks to the SIMD-0437 update. This change, which went live with the Agave 4.2 update, reduces the lamports per byte from 6,960 to just 696. The reduction happens in five steps, with the final rate hitting 696 lamports per byte, a 90% decrease from the previous rate. Opening a token account now costs about 0.0002 SOL, down from the previous 0.002 SOL. Existing accounts, however, still retain their original deposits. This means that millions of old accounts, which were funded at the higher rate, will keep the equivalent of ~0.002 SOL on close, making them a valuable resource that won't replenish. This change also impacts airdrops and mint costs, with the cost of a 10,000 wallet airdrop dropping from ~20 SOL to ~2 SOL.",
  "summary": "Originally published on xroot.dev . Every account on Solana carries a refundable SOL deposit — and the network just cut the price of that deposit by 90%. SIMD-0437, shipping with Agave 4.2, is being covered as \"Solana gets cheaper\". That is true, and it matters for anyone creating accounts at scale. But the more interesting consequence runs the other way: because the change is strictly a…",
  "key_points": [
    "Solana reduces account creation cost by 90% with SIMD-0437 update",
    "Lamports per byte drop from 6,960 to 696, 90% decrease",
    "Token account opening now costs ~0.0002 SOL, down from 0.002 SOL"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}