Unveiling the Hidden Powers within Blockchain: What Is Maximal Extractable Value (MEV)?
One such critical aspect, mostly within the Ethereum network and the larger DeFi space, is the concept of Maximal Extractable Value (MEV).
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One such critical aspect, mostly within the Ethereum network and the larger DeFi space, is the concept of Maximal Extractable Value (MEV).
The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000.
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks. (Read More)
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