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.
Solana (SOL) Proposal Conclusion (Source: Solana )
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.
