MEV extraction increases transaction costs and causes network congestion by encouraging competition among searchers who bid higher gas prices to prioritize their transactions.

Quotes that support claims

Using methods of MEV extraction like front-running and sandwich attacks can be harmful and result in network congestion and high gas prices for other users

Miners, aware of these opportunities, can sequence their blocks in such a way as to exploit these arbitrage opportunities before other traders, effectively 'front-running' them," (implicitly increasing costs through priority gas bidding)

Mismanagement of MEV can lead to centralization of power and economic inefficiencies, threatening the principles of decentralization that blockchain aims to uphold

Related topics

Maximal Extractable Value (MEV)