Solana allocates 100% to validator proposals via priority fees! SOL stands back to $170

Solana’s official governance page passed a latest proposal last night, agreeing to allocate 100% of priority fees to validators, replacing the current 50% destruction and 50% reward structure. (Currently, Solana’s transactions include two fees: basic fees and priority fees)

The official introduction explains: “In the current priority fee collection model (50% is destroyed, 50% is rewarded), this is consistent with verification The incentives for block producers are not entirely aligned, and private transactions are inadvertently encouraged. For example, consider a situation where transaction submitters want their transactions to be prioritized. Under the existing model, they might choose to pay block producers directly. 75% priority fee to ensure their transactions are processed quickly, rather than paying 100% priority fee, since block producers only receive 50% of it. This creates a link between validator incentives and the overall health of the network. In order to solve this problem of inconsistent security, it is recommended to adjust the priority fee structure to reward 100% of the fees collected to the validators. This ensures that the validators can be properly incentivized to prioritize the security and efficiency of the network. , rather than being incentivized to participate in potentially harmful private transactions.”

77% of voters supported it, and the final support rate for this vote reached 77.7%, according to the official governance page. Reward 100% of priority fees to validators to ensure validators have the appropriate incentives to prioritize the security and efficiency of the network.

Officially stated that this function can currently be found in the Master of Agave library (the minimum version is 2.0), and will be launched on mainnet-beta in accordance with normal function activation rules after reaching a sufficient quorum of pledges.

SOL strives to stabilize at US$170

Perhaps affected by the passage of this proposal, the price of SOL reached a minimum of US$161 in the early morning of yesterday (27th) , it fluctuated and rose all the way. Around 01:00 today (28th), it hit a maximum of $172.28.

However, selling pressure emerged afterwards. SOL was trading at $169.62 before the deadline, up 2.56% in the past 24 hours.

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