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6min chapter
Grug Capital – Grug (Finally) Teaches Us MEV (S6E12)
Flirting with Models
The Evolution of MEV
MEV refers to additional profit aside from block rewards and transaction fees that a minor or now validator can make by auctioning off transaction ordering rights in the blocks that they mine. The acronym has shifted from standing for minor extractable value to maximal extractable value as activities that might not have been classified as MEV at some point in the past now are considered sort of MEV adjacent. At its core flashbots is a research organization that's focused on mitigating the negative externalities MEV incurs on users. Searchers hunt for profitable MEV opportunities and build the bots to submit profitable transactions to the network.
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