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Despite Flashbot's best intentions, after 2 years it is now clear that instead of democratizing block production, MEV-Boost has actually had the opposite effect—2 builders monopolize the block building market, extracting $500k ETH daily. How did this happen? Stay tuned for more. https://t.co/JFZ3xadYug
Despite Flashbot's best intentions, after 2 years it is now clear that instead of democratizing block production, MEV-Boost has actually had the opposite effect—2 builders monopoloze the block building market, extracting $500k ETH daily. How did this happen? Stay tuned for more. https://t.co/yb8qn74UsH
💪 #MEV allows miners to profit by reordering transactions in a block, but it can harm users. Key Points: 🛠 Front-running & sandwich attacks ⚖️ Private pools & Flashbots to mitigate risks 🔒 Fair ordering protocols are essential 🔽 VISIT https://t.co/8BA0lFl0O3 #Definews
The rise in DeFi attacks from private mempools, such as Flashbots, has become a significant concern, with 48% of these attacks now deemed unstoppable. This marks a substantial increase from 14% just two years ago. MEV (Maximal Extractable Value) allows miners to reorder transactions in a block, which can harm users through front-running and sandwich attacks. Despite efforts by Flashbots to democratize block production through MEV-Boost, the initiative has led to a monopoly where two builders dominate the block building market, extracting $500,000 in ETH daily. Fair ordering protocols are essential to mitigate these risks.
