Current State of MEV in the Ethereum Ecosystem
- Over recent years, Maximal Extractable Value (MEV) has gained significant importance within the decentralized finance (DeFi) ecosystem. Remarkably, within just two years of its emergence, MEV has seen an extraction of approximately 600 million USD - a phenomenon that has sparked concerns regarding potential threats to blockchain stability. With growing interest in the Ethereum network and the growing DeFi sector, research surrounding MEV has substantially increased. This work aims to offer a comprehensive understanding of MEV. Additionally, this research quantifies the largest types of MEV (Arbitrage, Sandwich and Liquidations) from March 2022 to March 2023. The data are then compared to other sources, revealing a general upward trend, with a particularly noticeable increase in Sandwich Attacks.
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| Author: | Sebastian Wunderlich |
|---|---|
| URN: | urn:nbn:de:bsz:mit1-opus4-146432 |
| DOI: | https://doi.org/10.48446/opus-14643 |
| ISSN: | 1437-7624 |
| Parent Title (German): | Konferenzband zum Scientific Track der Blockchain Autumn School 2023 |
| Publisher: | Hochschule Mittweida |
| Place of publication: | Mittweida |
| Document Type: | Conference Proceeding |
| Language: | English |
| Year of Completion: | 2023 |
| Publishing Institution: | Hochschule Mittweida |
| Release Date: | 2023/10/17 |
| Tag: | Maximal Extractable Value; Sandwich Attacks; mev-inspect |
| Issue: | 2 |
| Page Number: | 7 |
| First Page: | 78 |
| Last Page: | 84 |
| Open Access: | Frei zugänglich |
| Licence (German): |  Urheberrechtlich geschützt |
