Summary:
The team of developers at Solana (SOL) has proposed plans to introduce a new feature that lets its users specify an additional fee to be collected upon execution of a transaction and its inclusion in a block.
The new feature is a ‘fee-based execution priority’ and will allow users of Solana to express the urgency of their transactions as the current stake-weighting ‘is not suitable for this prioritization.’ Furthermore, ‘the ratio of this fee to the requested compute units will serve as a transaction’s execution priority weight.’
They also added that fee prioritization was a work in progress and targeted for the v1.11 release of the Solana mainnet.
User-consented additional fees on Solana are part of the network’s plans to mitigate against another outage such as the one that was experienced this past weekend due to spambots. Solana has also proposed the following two mitigation measures in addition to the fee suggestion.
With respect to price, Solana is trading at $86.50 after a local low of $82 experienced on Saturday during the monthly close. However, the daily chart continues to confirm a downtrend as SOL is trading below the 50-day (white), 100-day (yellow), and 200-day (green) moving averages.
The daily MACD, MFI, and RSI are still in oversold territory and could provide the first signs of a bounce if Bitcoin continues to hold its head above the crucial $38k price area.