On May 27, the Solana community voted in favor of giving network validators 100% of the priority fees generated by network users, a vote that passed by a margin of 77%.
Previously, Solana's priority fee was split equally between rewarding Solana's validators and the Solana network's token burning mechanism.
![](https://public.bnbstatic.com/image/pgc/202405/98b592178542c9fda5b516494bd3fcf7.png)
Solana SIMD-0096 Vote Rate | Source: SolanaFloor and ratingw3b.
Solana (SOL) has seen significant price increases since late 2023. The token reached a high of around $210 in March 2024 and is currently trading at around $170.
Despite Solana's strong price performance, the network was plagued with congestion issues and a number of system outages leading to the network being down on at least four separate occasions.
The first prominent system outage occurred in September 2021, when bots increased network congestion, causing the Solana network to go down for 17 hours.
Just four months later, in December, Solana crashed again due to unusually high traffic. Later that month, the network again encountered congestion issues due to SolChick's game token sale.
In 2023, Solana experienced another major outage, again due to unusually high network traffic. At the time, Solana's authenticators believed the issue was caused by an upgrade to Solana's authenticator software, although rolling back to a previous version of the software did not resolve the issue.
The validators then rebooted the entire network using the most stable version of the authenticator software, and normal operations returned to the network.
After this string of major incidents, Solana developers reassured the community that fixes and other improvements would be coming to the Solana blockchain but did not rule out the possibility of future incidents.
These network outages appear to be accompanied by high transaction throughput rates. According to CoinGecko, the Solana blockchain continues to show soaring transactions per second (TPS) metrics, reaching a record high of 1,504 TPS on April 6, 2024.
This makes Solana the fastest blockchain network to date, completely outperforming Ethereum's current layer-1 speeds, as it strives to balance reliability with cutting-edge transaction throughput.
Source: https://tapchibitcoin.io/cong-dong-solana-trao-100-phi-uu-tien-cho-cac-trinh-xac-thuc.html