The complexity MEV-boost brings to the Merge creates uncertainty, possibly ruining the whole PoW blockchain. And ETH split the stage with BitCoin.
MEV
Lido, RocketPool, Blockdaemon, Staked, and Stakefish have all supported for MEV-Boost.
Ethereum developers raised concerns over a possible MEV-boost failure that may affect the Merge.
If there is a malfunction in the MEV-boost, it will disrupt the entire PoS blockchain.
If the validator fails to propose a block because of a relay that didn’t have a way of signaling malicious behavior to validators, a series of blocks from validators running the MEV-boost could be missed.
The next set of validators would then be compromised, and if they were to propose a block that has dealt with the malicious relay, the same issues would continue on, preventing the production of blocks indefinitely.
TradFi
Web3
Market
Quench Your Craving Around MEV in the Market
What were the top arbitrages of yesterday?
Which sandwich attacks made the biggest victim?
Which tokens and liquidity pools provide opportunities for searchers?
What’s the overall trend regarding MEV in the market?
To help you answer these questions, we have highlighted key takeaways about yesterday’s arbitrage and frontrunning in our Arbitrage Daily Report and Sandwich Arbitrages Daily Report.
A CDP creator with $1.75M in hand was yesterday's top victim. This token millionaire encountered two big 🥪 attacks by the same 😈 in 1h, losing $27,689 in total.
One of the 🥪 attacks squeezed $6,353 from the 😢, becoming the top transaction of the day. The gas fee and miner tips reached $9,521.
Here are the details of this costly 🥪:
The 👿 used $WETH as collateral to flash loan $7M $USDC from $AAVE and used the 6,996,672 $USDC to raise the price of $WETH in the #Uniswapv3.
As a result, when the 😢 wanted to use 800K $USDC to buy some $WETH, the guy had to pay higher for $WETH. The 😢 got 469 $WETH finally, but he or she could have gotten more than that.
In the end, the 👿 got the 1,249 $WETH back, 9.6 $WETH out of which was the revenue of this 🥪, while paying 5.76 $WETH to the miner 🔨.
Another active NFT collector, ohana.eth, also suffered several 🥪 attacks and became one of the top victims yesterday. In 40 minutes, four 🥪s targeted this 😢 and took $17,316 away from the poor guy.
In the trx with the largest loss, the 😢 tried to swap 1M $USDC for $WETH but lost $9,613. #MEV 🤖 made only $686, while $8,926 was paid as gas fee and miner tips.
On #BNBChain, this transaction created a 10019x ROI 😲. #MEV 🤖 made $6,112 from 61 cents, using ($BUSD, $WBNB, $NFTFS).
And take a look at this 100x ROI arb: #MEV 🤖 made $4,346 from only $43 with the help of a $USDC/$WETH pool.
Hot tokens on #Ethereum yesterday: $UNI. Its trading volume increased by 522 times. Top LP: a $UNI/$WETH pool. Top Transaction: #MEV 🤖 made $1,826 from $23.
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