The way MEV works is first Flashbots came around to kind of reduce spam on Ethereum by basically having people bid an auction off-chain. The idea was that by moving some of the people sniping each other's bids, instead of all three of those transactions going in the blockchain and two out of three failing, you instead only post the one that's complete. And then the validators agree to the outcome of that auction and use that for the ordering of the block. It changes the candor of the auction. You're not just bidding on like, hey, I want my transaction in, right? Like when I'm bidding in EIT 1559, I'm just saying,

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode