The Marginal Effects of Ethereum Network MEV Transaction Re-Ordering
Fuente:
arXiv
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| Autori principali: | , |
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| Natura: | Preprint |
| Pubblicazione: |
2025
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| _version_ | 1866917510493765632 |
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| author | Mizrach, Bruce Yoshida, Nathaniel |
| author_facet | Mizrach, Bruce Yoshida, Nathaniel |
| contents | Two MEV builders now produce nearly 80\% of Ethereum blocks. Block builders have the ability to reorder transactions on the blockchain in a way that can be harmful to participants. We estimate they would pay in the aggregate nearly \$14 million per month to ensure that they remained in the first quartile of the block. Sandwich attacks, in which a transaction is front-run, are frequent, averaging more than one per block. Gas fees on these transactions pay for nearly 15\% of the MEV payments to the validator. These attacks have especially large marginal effects and skew the distribution. Reforms such as gas fee priority or private transaction pools might be helpful. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2508_04003 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | The Marginal Effects of Ethereum Network MEV Transaction Re-Ordering Mizrach, Bruce Yoshida, Nathaniel Trading and Market Microstructure Two MEV builders now produce nearly 80\% of Ethereum blocks. Block builders have the ability to reorder transactions on the blockchain in a way that can be harmful to participants. We estimate they would pay in the aggregate nearly \$14 million per month to ensure that they remained in the first quartile of the block. Sandwich attacks, in which a transaction is front-run, are frequent, averaging more than one per block. Gas fees on these transactions pay for nearly 15\% of the MEV payments to the validator. These attacks have especially large marginal effects and skew the distribution. Reforms such as gas fee priority or private transaction pools might be helpful. |
| title | The Marginal Effects of Ethereum Network MEV Transaction Re-Ordering |
| topic | Trading and Market Microstructure |
| url | https://arxiv.org/abs/2508.04003 |