The MEV Letter is a weekly collection of papers, articles and resources related to MEV. The intention of this letter is to provide a comprehensive summary of the latest research, discussions, and developments in the space, with links for further reading.
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Papers & Articles
- More to Extract: Discovering MEV by Token Contract Analysis by Jiaqi Chen, Yuzhe Tang, and Yue Duan examines MEV arising from token smart contracts and presents a pipeline of techniques to detect profitable strategies that existing searchers are missing.
- PRIME: Efficient Algorithm for Token Graph Routing Problem by Haotian Xu, Yuqing Zhu, Yuming Huang, and Jing Tang presents a two-stage iterative graph algorithm that optimizes token swap routing on DEXes, improving execution efficiency and reducing computational overhead.
- A Dynamic Equilibrium Model for Automated Market Makers by Chengqi Zang, Zhenghui Wang, and Weitong Zhang presents a dynamic equilibrium framework for CFMMs that formalizes the strategic interaction between arbitrageurs and LPs over time.
- SoK: The Evolution of Maximal Extractable Value, From Miners to Cross-Chain by Davide Mancino and Hasret Ozan Sevim traces the evolution of MEV research and outlines open problems, including cross‑domain detection, sequencer incentives, and bridge security.
- Snap v2: Replacing Trie Healing with BALs by Toni Wahrstätter proposes an upgrade to snap sync that replaces the trie healing phase entirely with sequential BAL application.
- Understanding Block-Level Access Lists by Franco Victorio explains the design of BALs, and how they enable higher throughput via parallel transaction execution and I/O prefetching.
- Attested TLS in the Wild by Karrq explains how attested TLS (aTLS) guarantees that remote communication with a TEE is confidential and authentic.
- GhostPool: Hiding Identity-Critical Metadata in Encrypted Mempool Admission by Wonjae Choi introduces an admission-layer protocol for encrypted-mempool designs that replaces the sender and nonce admission checks with ZK-proofs.
- Ethereum: A Counterparty Without Counterparty Risk by Blockspace Forum argues that while Ethereum provides strong uptime and decentralization, the concentration in the builder and relay markets poses risks to liveness, fair access, and proposer agency.
Posts & Threads
- Vitalik Buterin published a post continuing from a previous post on upcoming changes to the block building pipeline, describing the proposed switch from Casper FFG to Minimmit as finality gadget.
- Vitalik Buterin published a post advocating for a bolder, more open mindset at the application layer without compromising core properties of Censorship Resistance, Open Source, Privacy, and Security (CROPS).
- EF Protocol Support publishes a thread sharing results from a survey on Glamsterdam Gas Repricings with participation from DeFi and protocol teams.
Talks & Discussions
- All Core Devs - Testing (ACDT) #73, March 9, 2026 hosted by danceratopz covered updates from blob-devnet-0, bal-devnet-2, bal-devnet-3, epbs-devnet-0, and more
- FOCIL Breakout #30, March 10, 2026 hosted by Jihoon Song covered FOCIL testing and implementation updates.
- Agenda by Jihoon Song
- Thread by Jihoon Song
- Glamsterdam Repricings #3, Mar 4, 2026 hosted by Maria Inês Silva covered updates related to EIP-7904, EIP-8037, and EIP-8038.
Other
- EthIQ by EthPandaOps introduces a benchmark that measures how well different AI models understand Ethereum protocol internals.
- Blog pots by Sam Calder-Mason, parithosh and Stefan
- Thread by EthPandaOps
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