StakePoint
Solana DeFi Glossary
Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.
Transaction Fee (Solana)
The small SOL fee paid to validators for processing transactions on Solana.
Definition
Transaction fees on Solana are small amounts of SOL paid to the network's validators for processing and confirming transactions. Solana transaction fees are extremely low compared to most other blockchains — typically less than $0.001 per transaction.
Solana uses a fee market where base fees are fixed and priority fees can be added to increase the likelihood of faster transaction processing during periods of network congestion. Most standard DeFi transactions on Solana cost between 0.000005 and 0.001 SOL.
In addition to standard network fees, DeFi protocols may charge their own platform fees on top. These protocol fees are separate from the network transaction fee.
StakePoint & Transaction Fee (Solana)
All StakePoint operations — creating locks, staking, unstaking, and claiming rewards — require a small SOL transaction fee to be processed on Solana. StakePoint charges a separate platform fee on certain operations in addition to the network fee.
Related Pages
Frequently Asked Questions
How much are Solana transaction fees?
Solana transaction fees are typically less than $0.001, making them among the lowest of any major blockchain.
Are there fees for using StakePoint?
StakePoint charges a small platform fee on certain operations in addition to the standard Solana network transaction fee.
Related Terms
Solana Mainnet
The live production blockchain network of Solana where real transactions occur.
Solana Wallet
A software application that stores Solana private keys and signs on-chain transactions.
Anchor Smart Contract
A Solana smart contract built using the Anchor framework.
Solana DeFi
Decentralised finance applications built on the Solana blockchain.