Solana Fees

A discussion about the fees charged per transaction exectuted.

Optimizing Your Gas Settings on Axiom for Solana Trading

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. 🔺

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Priority Fee

Speed up your Transactions

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.

Click on the settings button on the top right!

Adjust your settings here

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!

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Slippage Limit

Protect Against Price Variations

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!

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MEV

Maximize Profitability & Security

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.

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Bribe

Incentivize Faster Processing

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 trades

Modes of MEV Protection

Axiom allows you to choose between a total of 3 MEV modes. These modes consist of "Off", "Reduced" and "Secure".

• Off: There’s no protection against MEV bots, which means your trades are exposed to front-running. This will potentially result in worse entry prices.Tip: A Higher bribe increases transaction safety, ensuring safe transaction execution. It is NOT 100% effective.

• Reduced: This mode submits transactions via Jito for enhanced efficiency, but since rogue validators may still be involved, there’s still a risk of MEV exposure.

• Secure: Our best form of MEV protection for transactions submitted through this method. This method may be slower because it will wait for a whitelisted validator to be available until it allows the transaction to process.

Axiom recommends using Secure mode whenever possible.

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Recommended Settings for Optimal Speed & Security

Using analysis of current transactions, Axiom automatically calculates the recommended bribe and priority fee to use for both speed and security!