How Do Different Layer 1 Blockchains Approach Transaction Fee and Priority?
L1 blockchains use various models. Bitcoin uses a simple first-price auction where miners prioritize the highest fee-per-byte.
Solana uses a local fee market based on the resource consumption of a specific account, rather than a global fee. Avalanche uses a base fee and priority fee similar to EIP-1559 but with faster finality.
These variations impact the ease and cost of executing front-running strategies.
