There is token burn on Solana but in different token burning mechanism, 50% of all transaction fees are burned.
Solana has a deflationary issuance schedule starting out at 8% for the first year and decreasing by 15% until it reaches 1.5% after around 11 years, from which point on it will remain constant.
Inflated SOL supply is distributed to those staking (95%) with a small portion going into a treasury to fund development of the Solana ecosystem (5%)
Check here https://docs.solana.com/inflation/terminology for full details
There is token burn on Solana but in different token burning mechanism, 50% of all transaction fees are burned. Solana has a deflationary issuance schedule starting out at 8% for the first year and decreasing by 15% until it reaches 1.5% after around 11 years, from which point on it will remain constant. Inflated SOL supply is distributed to those staking (95%) with a small portion going into a treasury to fund development of the Solana ecosystem (5%) Check here https://docs.solana.com/inflation/terminology for full details