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170 - Burning MEV with Justin Drake and Dom
Bankless
The Importance of MEV Burn in Cryptocurrency
MEV stands for maximal extractable value. It's basically the value that can be extracted by the participants in an economic system. The more people want to use the chain, the more you have to pay as part of EIP 1559. But there is a second thing going on, which is contention. And so now we have this potential opportunity to have two separate business models for Ethereum,. both in terms of revenue from congestion fees, but also revenue from contention.
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