There are a variety of other types of MEV related to transaction ordering that are generally considered more toxic as it relates to the outcome for the user. These are known as front running, sandwiching, and suppression. We cover this in depth here. If you’re interested in tracking these types of activities, check out zeromev to watch these events unfold live and see how MEV impacts transactions.
Priority Fees (Local Fee Markets): Solana utilizes priority fees as an optional additional fee users can attach to transactions to improve their chance of quick inclusion when the network is busy. Normally, Solana transactions have a very low flat fee, but with heavy traffic (. NFT mints or memecoin trading mania) causing congestion, users can specify a priority fee per compute unit to essentially bid for block space. Validators earn 50% of these priority fees and the other 50% is burned by protocol rules (though this may change through Solana's SIM process ), so a higher priority fee makes a validator more likely to include your transaction. Priority fees were designed to combat spam and allow time-sensitive transactions to "jump" to the front of the "queue". On Solana, this creates a local fee market per compute unit per block. As of 2024, priority fees constitute a large portion of Solana's total fee revenue, highlighting how users are indeed bidding for priority during congestion. For developers, this means that in a crowded block, your transaction likely needs a priority fee to beat out spammers or competing trades.
Reference #18.92471502.1752124059.c659026
https://errors.edgesuite.net/18.92471502.1752124059.c659026
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