Solana Fees
A discussion about the fees charged per transaction exectuted.
Last updated
A discussion about the fees charged per transaction exectuted.
Last updated
When trading on the Solana blockchain using Axiom, you have several customizable gas settings to fine-tune your transaction speed and success rate. Below are detailed breakdowns of each setting and how to optimize them for a unfair advantage. 🔺
The Priority Fee is an extra payment made to validators to increase the likelihood of a faster confirmation, especially in times of high network congestion and high volume tokens.
PRIO: Enter the amount you are willing to pay for prioritization. The Default Value is 0.001.
TIP: If network congestion is high, increasing your priority fee can help confirm transactions faster!
Presets are available to users to make it extremely accessible to adapt your fees to the market status quickly!
Slippage is the difference between the expected trade price and the actual executed price. Setting a slippage limit ensures your trade executes within your acceptable range.
Max %: Enter the maximum slippage percentage you're willing to accept
Example: Setting 1000% means you will accept up to 10x price movement before cancellation
Adjust the value based on market volatility and your risk tolerance.
Tip: For highly volatile assets, consider increasing slippage to reduce failed transactions!
Tip: If you aren't use MEV protection, make sure to keep your slippage low to ensure your transaction does not get sandwiched!
Maximal Extractable Value (MEV) represents additional profits validators can extract through transaction reordering (sandwiching).
Disabled/Enabled:
Enabled: Sends transactions only to Jito to optimize for MEV extraction and to prevent sandwiching efforts
Disabled: Transactions are broadcasted to both Jito and standard block leaders, increasing the execution speed.
Tip: MEV protection is essential for preventing front-running but may slightly delay execution.
A bribe is a additional incentive paid to validators to prioritize your transaction.
Bribe: Enter the Amount you're willing to pay!
Default: 0.001 (Optional but recommended for high volume tradess
Tip: A Higher bribe increases transaction safety, ensuring safe transaction execution. It is NOT 100% effective.
