Solana Transactions Rose in March as Fees Fell on Lower Priority Bidding
Monthly activity increased to 3.67 billion transactions, while fees declined to 406,568 as priority fees and Jito tips (validator tip payments) cooled after memecoin-driven competition eased.
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JTO
Summary
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Terms & Concepts
Priority fees: Extra fees users pay to speed up transaction processing during periods of high network demand.
Jito tips: Validator tip payments on Solana, often used to improve transaction inclusion during competitive trading activity.
Memecoin: A cryptocurrency typically driven by internet culture and speculative trading rather than broader utility.