Solana priority fees fall to lowest level since March
The median priority fee dropped to 0.00008 SOL overnight as memecoin trading volume fell for the third straight week. Validator revenue is down accordingly.
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The median priority fee on Solana fell to 0.00008 SOL overnight, the lowest reading since early March, according to network data.
The drop follows three consecutive weeks of declining memecoin trading volume, which had been the main driver of fee pressure since the spring. Validator revenue from priority fees fell in step.
Lower fees cut earnings for validators but reduce costs for applications that had scaled back activity during the March peak. Whether those applications return at current fee levels is the thing to watch over the next two weeks.