📙Solana Priority Fees

On the Solana blockchain, priority fees are additional fees that users pay to speed up the processing of their transactions. This mechanism allows users to increase the priority of their transactions in the network by paying higher fees, ensuring that they are confirmed and processed by validators faster than other transactions with lower fees. This is similar to the Gas fees on the Ethereum network, where users can adjust the fees they pay based on their needs to complete transactions more quickly.

SlerfTools has established three levels of priority fees based on the Solana network conditions. For low priority, a transaction will not exceed 0.00015 SOL. For high priority, a transaction will not exceed 0.003 SOL.