Cryptocurrency Q&A
Why is the Solana fee high?
Why is the Solana fee high?
Starlight
Thu Mar 27 2025
|
6
answers
905
I'm trying to understand why the fees on Solana are so high. I've heard it's supposed to be a high-performance blockchain, but the cost of transactions seems to be much higher than what I expected.
6 answers
Stefano
Sat Mar 29 2025
In the long-term perspective, blockchain networks are expected to rely more heavily on transaction fees to ensure their security.
Was this helpful?
225
22
AndrewMiller
Fri Mar 28 2025
This trend is also observed on Solana, a prominent blockchain platform.
Was this helpful?
95
26
GwanghwamunGuardian
Fri Mar 28 2025
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
Was this helpful?
161
40
DigitalDukedom
Fri Mar 28 2025
Solana has implemented a unique mechanism where a fixed proportion of each transaction fee is burned.
Was this helpful?
47
77
SsamziegangSerenade
Fri Mar 28 2025
Initially, 50% of the transaction fee is destroyed, which serves as a way to reduce the total supply of the network's native token.
Was this helpful?
223
98
Load 5 more related questions
