- split into base fee and prioritization fees
- base fees is a fixed 5000 lamports per signature
- prio fees are priced in micro-lamports per compute unit
- acts as a price signal, making transactions more economically compelling for validator nodes to include it
total fee = prio fee + base fee
prio fee = CU price ( in micro lamports ) x CU unit limit
currently:
50% of all txn related fees are burn 50% are going to the block producer
a new change ( SIMD 96 ) is going to make 100% of the prio fees to go to block producer
base fees will still be burnt
related: solana