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Transaction flow in Priority Gas Auctions

Transaction flow in Priority Gas Auctions

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Figure 1: Cummulative gross profit in dollars extracted pre-merge[6]
Figure 2: MEV revenue and gas fee post-merge [7]
Figure 4: Timeline of MEV
Figure 6: Transaction flow in Priority Gas Auctions
+4 Figure 9: Percentage of total builders using MEV-Boost against vanilla...
MEV Ecosystem Evolution From Ethereum 1.0
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  • Jun 2024
Smart contracts led to the emergence of the decentralized finance (DeFi) marketplace within blockchain ecosystems, where diverse participants engage in financial activities. In traditional finance, there are possibilities to create values, e.g., arbitrage offers to create value from market inefficiencies or front-running offers to extract value for...
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Context 1
... transaction flow in the case of PGA can be understood from Figure 6. A user sends an MEV transaction on the network, which is received by the public mempool of the miners and searchers. ...