WTF is MEV? Pre-Confs & MEV Commit Explained
MEV is how some VCs value Layer 1 blockchains, its how "sandwich attacks" happen onchain, and its sometimes toxic. Although, we've found that "toxic flow" is really just profitable user trading onchain...that's a conversation for another day though. MEV has evolved from its early days as "Miner Extractable Value," a term that felt relevant in a proof-of-work world, to "Maximal Extractable Value," a crucial component embedded within Ethereum’s economic fabric. As block production on Ethereum became centralized—a trade-off to support a decentralized validator set—the discussion has shifted…
The skinny
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