diff --git a/Cargo.lock b/Cargo.lock
index 51b793b3ddff8e..4b79fb310050b7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4342,9 +4342,12 @@ dependencies = [
 
 [[package]]
 name = "prio-graph"
-version = "0.2.1"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6492a75ca57066a4479af45efa302bed448680182b0563f96300645d5f896097"
+checksum = "2f28921629370a46cf564f6ba1828bd8d1c97f7fad4ee9d1c6438f92feed6b8d"
+dependencies = [
+ "ahash 0.8.11",
+]
 
 [[package]]
 name = "proc-macro-crate"
diff --git a/Cargo.toml b/Cargo.toml
index 5275cb71d8989b..6b243946b7916d 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -178,10 +178,7 @@ members = [
     "zk-token-sdk",
 ]
 
-exclude = [
-    "programs/sbf",
-    "svm/tests/example-programs",
-]
+exclude = ["programs/sbf", "svm/tests/example-programs"]
 
 resolver = "2"
 
@@ -337,7 +334,7 @@ percentage = "0.1.0"
 pickledb = { version = "0.5.1", default-features = false }
 predicates = "2.1"
 pretty-hex = "0.3.0"
-prio-graph = "0.2.1"
+prio-graph = "0.3.0"
 proc-macro2 = "1.0.89"
 proptest = "1.5"
 prost = "0.11.9"
diff --git a/core/src/banking_stage/transaction_scheduler/prio_graph_scheduler.rs b/core/src/banking_stage/transaction_scheduler/prio_graph_scheduler.rs
index 9f6fcc8388a364..2687c04d271991 100644
--- a/core/src/banking_stage/transaction_scheduler/prio_graph_scheduler.rs
+++ b/core/src/banking_stage/transaction_scheduler/prio_graph_scheduler.rs
@@ -18,18 +18,34 @@ use {
     },
     crossbeam_channel::{Receiver, Sender, TryRecvError},
     itertools::izip,
-    prio_graph::{AccessKind, PrioGraph},
+    prio_graph::{AccessKind, GraphNode, PrioGraph},
     solana_cost_model::block_cost_limits::MAX_BLOCK_UNITS,
     solana_measure::measure_us,
     solana_sdk::{pubkey::Pubkey, saturating_add_assign, transaction::SanitizedTransaction},
 };
 
+#[inline(always)]
+fn passthrough_priority(
+    id: &TransactionPriorityId,
+    _graph_node: &GraphNode<TransactionPriorityId>,
+) -> TransactionPriorityId {
+    *id
+}
+
+type SchedulerPrioGraph = PrioGraph<
+    TransactionPriorityId,
+    Pubkey,
+    TransactionPriorityId,
+    fn(&TransactionPriorityId, &GraphNode<TransactionPriorityId>) -> TransactionPriorityId,
+>;
+
 pub(crate) struct PrioGraphScheduler {
     in_flight_tracker: InFlightTracker,
     account_locks: ThreadAwareAccountLocks,
     consume_work_senders: Vec<Sender<ConsumeWork>>,
     finished_consume_work_receiver: Receiver<FinishedConsumeWork>,
     look_ahead_window_size: usize,
+    prio_graph: SchedulerPrioGraph,
 }
 
 impl PrioGraphScheduler {
@@ -44,6 +60,7 @@ impl PrioGraphScheduler {
             consume_work_senders,
             finished_consume_work_receiver,
             look_ahead_window_size: 2048,
+            prio_graph: PrioGraph::new(passthrough_priority),
         }
     }
 
@@ -94,7 +111,6 @@ impl PrioGraphScheduler {
         // these transactions to be scheduled before them.
         let mut unschedulable_ids = Vec::new();
         let mut blocking_locks = ReadWriteAccountSet::default();
-        let mut prio_graph = PrioGraph::new(|id: &TransactionPriorityId, _graph_node| *id);
 
         // Track metrics on filter.
         let mut num_filtered_out: usize = 0;
@@ -150,7 +166,7 @@ impl PrioGraphScheduler {
 
         // Create the initial look-ahead window.
         // Check transactions against filter, remove from container if it fails.
-        chunked_pops(container, &mut prio_graph, &mut window_budget);
+        chunked_pops(container, &mut self.prio_graph, &mut window_budget);
 
         let mut unblock_this_batch =
             Vec::with_capacity(self.consume_work_senders.len() * TARGET_NUM_TRANSACTIONS_PER_BATCH);
@@ -160,11 +176,11 @@ impl PrioGraphScheduler {
         let mut num_unschedulable: usize = 0;
         while num_scheduled < MAX_TRANSACTIONS_PER_SCHEDULING_PASS {
             // If nothing is in the main-queue of the `PrioGraph` then there's nothing left to schedule.
-            if prio_graph.is_empty() {
+            if self.prio_graph.is_empty() {
                 break;
             }
 
-            while let Some(id) = prio_graph.pop() {
+            while let Some(id) = self.prio_graph.pop() {
                 unblock_this_batch.push(id);
 
                 // Should always be in the container, during initial testing phase panic.
@@ -242,11 +258,11 @@ impl PrioGraphScheduler {
 
             // Refresh window budget and do chunked pops
             saturating_add_assign!(window_budget, unblock_this_batch.len());
-            chunked_pops(container, &mut prio_graph, &mut window_budget);
+            chunked_pops(container, &mut self.prio_graph, &mut window_budget);
 
             // Unblock all transactions that were blocked by the transactions that were just sent.
             for id in unblock_this_batch.drain(..) {
-                prio_graph.unblock(&id);
+                self.prio_graph.unblock(&id);
             }
         }
 
@@ -259,9 +275,13 @@ impl PrioGraphScheduler {
         }
 
         // Push remaining transactions back into the container
-        while let Some((id, _)) = prio_graph.pop_and_unblock() {
+        while let Some((id, _)) = self.prio_graph.pop_and_unblock() {
             container.push_id_into_queue(id);
         }
+        // No more remaining items in the queue.
+        // Clear here to make sure the next scheduling pass starts fresh
+        // without detecting any conflicts.
+        self.prio_graph.clear();
 
         assert_eq!(
             num_scheduled, num_sent,
diff --git a/programs/sbf/Cargo.lock b/programs/sbf/Cargo.lock
index 6340097c96f244..3d30e98328d0ab 100644
--- a/programs/sbf/Cargo.lock
+++ b/programs/sbf/Cargo.lock
@@ -3641,9 +3641,12 @@ dependencies = [
 
 [[package]]
 name = "prio-graph"
-version = "0.2.1"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6492a75ca57066a4479af45efa302bed448680182b0563f96300645d5f896097"
+checksum = "2f28921629370a46cf564f6ba1828bd8d1c97f7fad4ee9d1c6438f92feed6b8d"
+dependencies = [
+ "ahash 0.8.11",
+]
 
 [[package]]
 name = "proc-macro-crate"