Solana Validators to Receive 100% of Transaction Priority Fees in Governance Decision
Solana validators, key actors in the blockchain network, will see their rewards in SOL increase following a recent governance decision. Previously, priority fees were shared, with half being burned and the other half distributed among validators, leading to parallel arrangements between validators and transaction issuers. The objective of this reform is to improve the security and efficiency of the network by motivating validators to focus more on platform maintenance and security.
In fact, they will now receive 100% of the priority fees generated by transactions. This modification was approved by over 77% of Solana governance participants, marking a significant shift in network revenue distribution.
Details of the New Fee Model
Previously, the distribution model for Solana priority fees was divided in two: half of the fees were burned, while the other half was allocated to validators. According to tao-stones, the proposer of the change on the Solana governance forum, this old method led to parallel arrangements between validators and transaction submitters who sought to maximize their SOL earnings.
Objectives and Implications of the Proposal
The main objective of this reform, integrated in Solana Improvement Proposal number 96 (SIMD-0096), is to strengthen the security and efficiency of the network. By allocating the entire priority fees to validators, the proposal aims to incentivize them to focus more on network maintenance and security. tao-stones highlighted that this new approach ensures validators remain dedicated to the optimal performance of the network.
This initiative has been implemented through the “Reward full priority fee to validators #34731” feature, which marks the activation of this new reward system. With this update, Solana not only hopes to enhance the motivation of its validators, but also optimize the speed and reliability of transaction processing on its platform.
