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Solana operates a local fee market rather than a global one: priority fee competition is scoped to transactions that contend for the same writable accounts, so congestion on one hot account (e.g., a popular AMM pool) does not raise fees for unrelated transactions. This account-centric model means that a highly contested token mint or DEX pool can require very high priority fees to land while other transactions proceed cheaply in parallel. The local fee market is enforced by the scheduler's per-account fee-priority ordering.