How much are the transaction fees on Solana?

Understanding Transaction Fees on Solana

Solana, one of the fastest and high-performance blockchain platforms, has a unique fee structure designed to maintain network performance while ensuring affordability for users. Transaction fees on Solana are primarily classified into a base fee and an optional prioritization fee. The base fee is a minimum of 5,000 lamports per signature, targeted at 10,000 lamports, with half of it being burned and the other half paid to validators. Users can choose to pay a prioritization fee, calculated as the product of the compute unit limit and compute unit price, to increase the priority of their transactions. On average, transaction costs on Solana range from $0.00025 to