- Solana’s transaction fees surged between November 2024 and January 2025, peaking to 347K as network congestion drove users to pay premium fees.
- February 2025 saw a sharp fee decline, signaling eased congestion and reduced speculative trading, with transaction numbers dropping notably.
- March 2025 marked the lowest fees in months, with Solana’s transaction costs returning to early 2024 levels, indicating network stability.
Recent data reveals a sharp decline in Solana’s transaction fees. The network recorded 50K transactions in one week, marking an 85% drop from the 347K peak seen on January 20. The tweet by Satoshi Club underscores this dramatic shift.
Stable Period: September–October 2024
Between September and October 2024, Solana maintained low transaction fees. Weekly fees remained below 100K, reflecting minimal network congestion. Consistent base, vote, and priority fees defined this period. The network experienced steady transaction activity without a surge in demand.
Market conditions were neutral during these months. NFT and DeFi events were sparse, which limited trading speculation. Network optimizations appeared to support routine transaction costs. Users enjoyed a predictable fee structure throughout this stable period.
Fee Surge: November 2024 to January 2025
From November 2024 through January 2025, Solana witnessed a dramatic fee increase. Weekly fees surged past 200K, with peaks reaching nearly 400K. The competitive bidding for faster transaction processing pushed priority fees higher. A tweet from Satoshi Club reported a 347K transaction peak on January 20, drawing attention to the high fee period.
This surge coincided with intensified market speculation. NFT launches, DeFi events, and memecoin activities drove users to compete for block space. Transaction costs rose sharply as demand for faster confirmations increased. The fee spike reflected the market’s rapid transition to high activity.
Normalization: February–March 2025
In February 2025, transaction fees began to decline from their extreme values. Although fees initially stayed above the earlier stable period, the downward trend was clear. Data from Dune Analytics confirmed a steady decrease in weekly fees during this month.
By March 2025, fees returned to levels lower than those seen in September. Priority fees dropped significantly, reducing overall transaction costs. Base fees remained constant, suggesting that network fundamentals were intact. The normalization period indicates that Solana has moved to a more balanced fee environment after a phase of intense market activity.
