Warpcast

Flashbots: MEV and the Limits of Scaling

“Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high throughput blockchains”.

> MEV has become the dominant limit to scaling blockchains. On Solana, MEV bots consume 40% of blockspace but only pay 7% of fees,. This is also visible across the Ethereum L2 ecosystem

> This article unpack this market failure, show data demonstrating its impact, and argue for a new MEV auction designed to solve it.👇

x.com/bertcmiller/status/1934657926272307332

Today, we introduce a new thesis: MEV has become the dominant limit to scaling blockchains.

Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high-throughput blockchains.

This is a market failure we can no longer ignore. https://t.co/c92S3Sjznh