FRP-24: Quantifying MEV on L2s

We already gave a summary of our results for Arbitrum and Optimism, so let us give the results for Polygon.
First, the results from the above poll:


The correct answer is 200M-500M, which, only 7% of you guessed correctly (well, with 13 answers, it’s not really significant :upside_down_face:).

The exact number is: $213 Mio, which is >4x the $46 Mio estimate from Marlin.

Let us look at the number of MEV transactions over time:
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And now the historical MEV profit over time:
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And removing that big outlier (read the full paper to find out more about it!) :

image

Now, in terms of mean and median MEV profit (USD) by tx, day and block:
image

(we did some analysis for all days/blocks and for days/blocks that have MEV in them, the reason is that most of the blocks at the beginning do not have no MEV so they skew the data).