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Ethereum Validators Profit from “Maximum Extractable Value” (MEV) hit record highs amid USD Coin (USDC) depeg and SBV crash.
Data: MEV-Boost Dashboard.
Users hurried to withdraw the stablecoin widely used in the DeFi sector, which made it possible for the operators of the popular MEV solution from Flashbots to earn 7691 ETH (~$13 million) on March 11.
The head of Flashbots, Robert Miller, noted that the daily income of validators using MEV-Boost has almost doubled in relation to the previous high recorded amid the collapse of FTX.
MEV-Boost payments were at an alltime high yesterday, totaling 7691 ETH (!) which is nearly double the previous ATH of 3928 ETH during the FTX fiasco this fall.
A few statistics on MEV on Ethereum yesterday in this thread
(h/t @nero_eth for the data)
— @bertcmiller ⚡️🤖 (@bertcmiller) March 12, 2023
Already on March 12, indicators of income from the use of technology returned to their usual levels.
From MEV to MEV-Boost: Is there an “invisible tax” left in Ethereum after The Merge
Ethereum developer Anthony Sassano expressed hope that “his validators” were able to take advantage of the situation and extract their share of the MEV.
The amount of MEV being extracted right now due to the USDC depeg must be insane
Hoping my validators propose a block during this 🙏
— sassal.eth 🦇🔊 (@sassal0x) March 11, 2023
Recall that in February, the solution operator, Flashbots, introduced the MEV-Share protocol. It aims to expand the earning potential of Ethereum users.
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