Solana validators have ratified the Solana Improvement Document (SIMD)-0096 proposal, marking a significant shift in how transaction priority fees are distributed within the network. Under this proposal, validators will now receive all transaction priority fees for the blocks they produce, replacing the previous 50/50 split between burning fees and rewarding validators.

The adoption of SIMD-0096 is aimed at optimizing incentives for validators, thereby bolstering network security. By ensuring that validators are adequately incentivized to prioritize network efficiency and security, the proposal seeks to mitigate potential risks associated with side deals between block producers and transaction submitters.

The proposal garnered robust support from Solana validators, with 77% voting in favor of the change in an on-chain vote.

Transaction priority fees play a crucial role in determining the execution order of transactions, allowing users to expedite their transactions by adding optional fees. The proposal retains the 50% burn of base fees within Solana transactions, while directing all priority fees to validators.

The approval of SIMD-0096 underscores Solana's commitment to optimizing network incentives and fostering a secure and efficient blockchain ecosystem. With validators now receiving full priority fees, Solana aims to further strengthen its network infrastructure and enhance user experience.