Solana community votes to give validators all priority fees

The Solana community has voted by a significant margin to give 100% of priority fees to network validators.

On May 27, the Solana community voted in favor of giving network validators 100% of priority fees generated by network users; the vote passed by a margin of 77%.

Previously, Solana’s priority fees were split evenly between rewarding Solana’s validators and the Solana network’s token-burning mechanism.

Solana (SOL) has seen a dramatic increase in price since the end of 2023. The token reached a high of roughly $210 in March 2024 and is currently trading at a price of around $171.

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