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Malicious Maximal Extractable Value (MEV) has resulted in substantial financial losses for traders, amounting to hundreds of millions of dollars. BNB Chain is actively addressing this issue by collaborating with major wallets to mitigate the impact of sandwich attacks, which are a type of MEV exploit. These attacks often prioritize profits for certain traders at the expense of others, particularly everyday users. Experts in the decentralized finance (DeFi) space are debating the implications of including MEV in metrics such as Revenue (REV), with some arguing that it misrepresents the true profitability and ethical considerations of blockchain operations. The ongoing discussions highlight the need to prioritize long-term revenue by reducing harmful MEV practices.
imo the issue with REV (chain fees + mev bribes) as a metric is when it's used to compare very diff chains: - FCFS rollups have no MEV bribes - Ethereum has widespread usage of MEV-protected RPCs and swaps (cowswap, 1inch fusion...) - Solana has bribes + low MEV protection So if…
This right here REV (+ other sources of staker income) - operator payments is absolutely the measure of valuing blockchains The “MEV shouldn’t be included” crowd misses that the priority is not juicing short term REV but long term REV where reducing bad MEV should be priority… https://t.co/RRedcOJunr
I am seeing some pushback against REV as a metric. The primary criticism seems to be that it includes MEV, and is a net negative to users. I think there's validity to the criticism of https://t.co/SUUEUlHLtE and the retail casino from an ethical perspective. However, I've also…
