The FTX_Official meltdown was bad news for crypto, but it drove a dramatic surge in profit opportunities for the validators who run the Ethereum blockchain. cryptauxmargaux reports.
This month’s collapse of FTX drove a dramatic increase in the profitability of running the Ethereum network as the crypto industry ran into the nearly immutable law that when markets get chaotic, the best place to be is at the heart of the action.
MEV is a cornerstone of how crypto trades, with some parallels to things like arbitrage in conventional markets, but with big differences. It measures the amount of additional income that validators can earn by tinkering with and optimizing the order in which blockchain transactions are recorded. Detractors argue it’s an unfair tax on the ecosystem.
When gigantic news roils any financial market, prices often move fast, up or down. And that can cause major price dislocations, creating profit opportunities for people – be they market makers in stocks or validators running Ethereum – standing in the middle.
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