Greetings and thank you for joining me! Today, we will explore the concept of a dead wallet address in Solana. If you’re transitioning from Ethereum (ETH) to Solana (SOL) as a developer, it’s important to note that Solana doesn’t utilize a dead wallet address. Instead, the burning of Liquidity Pool tokens and SPL tokens can be achieved by implementing the burn instruction. Additionally, we can renounce the contract of a meme coin or token by revoking the freeze and mint authority. Unlike Ethereum, there is no necessity for a dead wallet address on Solana. To easily perform actions like revoking authority and burning SPL/LP tokens, you can use the KeyGlowMax online dApp (decentralized application).
Solana Dead Wallet Address

STEP-BY-STEP HOW TO BURN SPL/LP TOKENS ON SOLANA

In Ethereum, burning tokens, whether they are standard meme/utility coins or liquidity pool tokens, is a straightforward process accomplished by sending them to the dead wallet. However, on Solana, the procedure involves executing the burn instruction. It’s also a straightforward process, so let’s see how it’s done.

• Launch the KeyGlowMax Solana Token Burner App (which can also be accessed by going to https://solana.keyglowmax.com/tokenburner) and connect your Solana Wallet (preferably Phantom).

KeyGlowMax Solana Token Burner

• Open your wallet and choose the Token you want to burn. This can be the SPL Tokens or the Liquidity Pool Tokens (you would have received from a DEX like Raydium after adding liquidity). Tap on the three dots on the top right and choose “View on Solscan”. This will open Token Account on Solscan. Copy the Token Account (not the SPL Token Address).

Token Account

• Paste this into the Token Account field within KeyGlowMax’s Token Burner. Now, click the auto-fill option in the textbox for Token Address and Decimals. Specify the quantity you wish to burn in the “Amount to Burn” field or click the MAX button to automatically input the total amount of the tokens available in your wallet. Click on Burn Tokens and approve the transaction in your wallet.

Burning Tokens using the Solana Token Burner

• In around 15–30 seconds, the SPL or LP Tokens should be burned. You can confirm the same by checking on Solscan.

Burn Transaction on Solscan

STEP-BY-STEP HOW TO REVOKE AUTHORITY ON SOLANA

• Open the KeyGlowMax Solana Too App (accessible at https://solana.keyglowmax.com/) and connect your Solana Wallet, preferably Phantom.
• Open your wallet, choose the token for which you wish to revoke the authority, click on the three dots at the top right, choose “View on Solscan”, and copy the SPL Token Address.

SPL Token Address

• Go back to KeyGlowMax’s Token Creator and paste the copied SPL Token Address under the “Revoke Freeze & Mint Authority” section.

Revoke Freeze & Mint Auhtority

• Click on “Revoke Freeze Authority” and confirm the transaction on Phantom. Wait for around 15–20 seconds, and then click on “Revoke Mint Authority” and confirm the transaction.
• After 15–20 seconds, you can verify the same on Solscan.

Authority Revoked Proof on Solscan

Conclusion

Executing tasks like burning SPL/LP Tokens and revoking authority on Solana may seem intricate from a coding perspective. However, leveraging tools such as KeyGlowMax Solana Tools, which includes the Solana Token Creator and Solana Token Burner, streamlines the process. This accessibility extends even to individuals with limited coding experience.
I hope the information provided has been beneficial to you. Your support is immensely valued, so please contemplate sharing and following.
Thank you sincerely for investing your time in reading!
note :
https://medium.com/@keyglowmax/what-is-the-dead-wallet-address-on-solana-renounce-contract-burn-lp-86d85f006818