MEV denotes the additional value that blockchain validators — those creating new blocks on the network — can acquire by manipulating the order of transactions within the blocks they create.
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What is maximal extractable value (MEV)?
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The ability of block producers to reorder transactions for profit introduces rent-seeking behavior at the consensus layer, compromising fair access to blockchain resources.
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Ethereum’s transition to proof-of-stake preserved MEV extraction dynamics, transferring them from computational miners to capital-based validators.
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Maximal Extractable Value (MEV) is the quantifiable profit a block producer can obtain by arbitrarily ordering, including, or excluding transactions during the construction of a block in a permissionless blockchain.
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