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Solana Fees Up by 2,800% in Six Months, Data Says

The average USD-denominated fee per transaction on the Solana (SOL) blockchain soared dramatically between August 2023 and February 2024. The crucial network performance indicator increased from $0.001 to $0.03, printing an almost 30x increase.

During the same period, the price of Solana (SOL), the core native asset of the blockchain, rallied from $19 to $120.

Meanwhile, Solana’s founder Anatoly Yakovenko is optimistic about the statistics of fees on the blockchain: Pretty cool since median price per tx was still a fraction of a penny

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