SOLANA & ETHEREUM TRANSACTION FEE MECHANISMS: PROPOSALS TO IMPROVE SOLANA’S TFM

Summary from the TLDR Crypto newsletter

This article investigates transaction fee market mechanisms (TFMs) and issues on both Ethereum and Solana. It discusses how Ethereum's EIP-1559 fee mechanism could not exactly be ported to Solana due to the different engineering and performance goals of the two blockchains. This led to the development of the Program Rebatable Account Write fees and a proposal for the implementation of per-account local fee markets. Continued research and experimentation are needed to improve the efficiency and user-friendliness of TFMs.