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.
Papers & Articles
- Price Elasticity of Gas Demand on L1 and L2: Evidence from Ethereum and Arbitrum by Pranay Anchuri and Akaki Mamageishvili analyzes gas-fee sensitivity across Ethereum and Arbitrum One, reporting mostly inelastic demand, with more variation across specific L2 resources.
- A Criticism of LUCID and Encryption-Scheme-Agnostic Encrypted Mempool Designs by Gottfried Herold frames LUCID as a practical but incomplete step toward encrypted mempools, limited by optional reveals, builder discretion, and the current state of threshold cryptography.
- Account Abstraction: The Story So Far by Franco Victorio examines the evolution of Ethereum account abstraction through early native proposals, ERC-4337, EIP-7702, and Frame Transactions.
- Closing the first precondition: batch auctions remove the ordering surface, they do not relocate it by William Glynn examines how commit-reveal batch auctions could reduce MEV by replacing discretionary transaction ordering with fixed batches, private order commitments, and uniform prices.
- What’s Happening in DeFi Microstructure by Designing DeFi frames protocol design as a market-structure problem where latency, priority rules, resource pricing and validator rewards determine user outcomes.
- The “Truth Machine” That Takes Your Money by Diego summarizes research suggesting that price discovery on prediction markets is driven by a small group of informed traders rather than crowd wisdom.
Posts & Threads
- @dataalways published a thread detailing trends in CL-client market share connected to the Flashbots Boost Relay, with 50% of proposers now exclusively using Lighthouse.
- @Fred published a thread summarizing new research from Flashbots and collaborators on block building economics, arbitrage on high-throughput blockchains, crypto-AI intersections, block auctions under ePBS, and more.
- Ethereum Foundation published a thread highlighting that Clear Signing is live as an open standard for human-readable transaction signing.
- IC3 published a thread announcing the winning teams from IC3 Blockchain Camp 2026 with projects focused on TEEs, cryptographic verification, governance, crypto-AI, and more.
- Hsiao-Wei Wang published a post announcing her departure as co-executive director and board member of the Ethereum Foundation.
Talks & Discussions
- Recordings from the TUM Blockchain&Cybersecurity Salon hosted by the Technical University of Munich, KTH Royal Institute of Technology, and Instituto Superior TĂ©cnico - University of Lisbon have been uploaded:
- From Predator to Prey: Illuminating Ethereum’s Dark Forest of MEV Bot Exploits by Christof Ferreira Torres
- Merces: Private Token Transfers via MPC and CoSNARKs by Daniel Kales
- Leveraging Trusted Execution Environments for Secure and Confidential Process Monitoring by Claudio Di Ciccio
- CoBRA: A Universal Strategyproof Confirmation Protocol for Quorum-based Proof-of-Stake Blockchains by Zeta Avarikioti
- The Trust Spectrum: Architectures for Non-Custodial Multi-Chain Swaps by Yvonne-Anne Pignolet
- Software Supply Security of Web3 by Martin Monperrus
- Static Analysis for Smart Contract Decompilation and Verification by Yannis Smaragdakis
- Blockspace Under Pressure: An Analysis of Spam MEV on High-Throughput Blockchains by Lioba Heimbach
- The Price of Decentralization in Block Building by @boz1
- TimeBoost: Do Ahead-of-Time Auctions Work? by Akaki Mamageishvili
- Competing Auctions in Intermediated Markets by @Christoph
- Encrypted Mempools from the MEV Perspective by @jonathan
- Proof of Cloud - Data Center Execution Assurance for Confidential VMs by @rezabfil
- Remote Attestation of Distributed Services by Markus Rudy
- Livestream recording from Protocol Day hosted by Futura Camp has been uploaded, featuring talks and panels related to scaling, ePBS, privacy, and more.
- Indexed Podcast: Why Ethereum PropAMMs Aren’t Actually AMMs invites Katia Banina for a conversation on PropAMMs, Request for Stream (RFS), and the evolution of Bebop.
- Deeply Intents: PropAMMs won already, you just didn’t notice invites Katia Banina to discuss propAMMs on Ethereum, and the architecture of BopAMM (Block Oracle Priced AMM).
- All Core Devs - Consensus (ACDC) #180, June 11 2026 hosted by parithosh covered updates and next steps for Glamsterdam devnets, API changes, Hegotá EIP proposals, and more.
- Agenda by parithosh
- Notes by Christine D. Kim
- All Core Devs - Testing (ACDT) #83, June 15, 2026 hosted by danceratopz discussed Glamsterdam readiness, devnet scheduling, ePBS builder-deposits, gas-repricing, and more.
- FOCIL Breakout #36, June 16, 2026 hosted by Jihoon Song covered FOCIL testing and implementation updates.
Other
- Contender v0.10.2 by Flashbots adds finer transactions, a new stream-oriented spam mode, and improves scenario support for access lists and EIP-1559 priority-fee testing.
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