- Solana’s governance vote passed with a 77% majority, directing all priority fees from transactions to validators.
- The SOL price has climbed over 66% since the start of the year.
Solana validators are set to receive the entirety of priority fees from transactions, following a recent governance vote that passed with 77% approval. This change aims to enhance network security and efficiency.
Previously, priority fees were split, with half burned and the other half going to validators, leading to side agreements between validators and transaction submitters. By allocating 100% of these fees to validators, the network hopes to reduce such deals and improve validator focus on network integrity.
This update is part of Solana Improvement Document 96 (SIMD-0096) and is now active under the feature “Reward full priority fee to validators #34731.”
The move follows SOL’s significant price increase since late 2023, peaking at around $210 in March 2024 and now trading at about $169. Despite this, the network has faced congestion and crashes, going down at least four times.
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