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
- Pandora’s Box: Cross-Chain Arbitrages in the Realm of Blockchain Interoperability by @boz1, Christof Ferreira Torres, Jonas Gebele, @frezabek, @BrunoMr, and Florian Matthes presents a systematic study of cross-chain MEV across nine blockchains, analyzing profitability, sequencer incentives, and security implications.
- FHE/TTEE Notes (NYC 2025 Jam) by @Quintus discuss the future of trust-minimized TEEs (tTEEs), detailing tradeoffs compared to software cryptography like FHE, and possible approaches to implementation.
- Deal with the Devil by Teleport, Nothing, and Nous Research explores the integration of autonomous AI agents in social contracts using hell.tech to facilitate binding agreements between humans and AI.
- Post by @albicodes
- Uniswap v4 is Here – A New Era of DeFi by Uniswap Labs announces the launch of Uniswap v4 with reduced gas costs, deployment to 10 chains, and hooks for developers to build custom logic.
- Three-Tier staking (3TS) - Unbundling Attesters, Includers and Execution Proposers by Thomas Thiery proposes a three-tier staking model that unbundles validator responsibilities into Attesters, Includers, and Execution Proposers to optimize scalability, decentralization, and censorship resistance.
- Fabric - Fabric to Accelerate Based Rollup Infrastructure & Connectivity by Drew Vander Werff presents Fabric (Fabric to Accelerate Based Rollup Infrastructure & Connectivity), a collaborative effort to establish standards and accelerate based rollup infrastructure and collaboration.
- T-DEX: Redefining DEXs with t1 by Can Kisagun discusses the inefficiencies of DEXs, and introduces T-DEX as a hybrid DEX that combines the benefits of AMMs and RFQ DEXs.
- Turnkey: a Verifiable Key Management Solution by Turnkey details their technical architecture and security model for key management, and potential future applications.
- Blob Aggregation - Step Towards More Efficient Blobs by kustrun, artificialquant, Hodl, and Alpinex_ presents a permissionless design that allows rollups to combine blob transactions in order to lower costs and reduce congestion.
- Native Rollup for 3SF by adust, banri, and vita introduces an architecture that integrates Native rollup with 3-Slot Finality to offer real-time settlement and flexible off-chain verification with full L1 security.
- Canonical cross-chain swap: fast and decentralized settlement for cross-chain swap using canonical/native L1->L2 messaging by Suah Kim and NegruGeorge details a cross-chain swap protocol leveraging canonical L1→L2 messaging to minimize dependencies on centralized intermediaries, improve settlement speed, and mitigate liquidity fragmentation.
- Trustless TEEs Today: ZTEE Ledger, Masking and Quorum Rotation by Tommaso De Ponti outlines a framework for a decentralized, trustless, and upgradeable TEE verification system to secure chip integrity and resist physical attacks.
- ETH Issuance Discovery Research: Issuance Debate & Case Studies By Staking Cohort by Vivian Zhu, Otakar Korinek, and Alex Duckworth analyzes proposed reductions in ETH issuance, its impact on staking participants, and the potential consequences for network security.
- Impact of Consensus Issuance Yield Curve Changes on Competitive Dynamics in the Ethereum Validator Ecosystem by Antero Eloranta and Santeri Helminen analyzes the economics, and staking behavior of Ethereum validators and advocates for implementing MEV-Burn with gradual issuance adjustments to promote a decentralized, diverse validator set.
- Mesh vs Hub: Approaches to Rollup Interoperability by Alejandro Ranchal-Pedrosa explores the challenges of rollup interoperability, highlighting the risks of pre-settlement equivocation, and details proposed solutions.
- Thread by Scroll Research
- Post by Ye Zhang
- Uniswap v4 Launch: A New Era for DeFi and AI Integration by Krzysztof Gogol explores how Uniswap v4 introduces customizable AMM logic with hooks, and how Unichain offers MEV internalization and fast confirmation times.
- Unpacking The Next Generation Of Ethereum L2s (III): Native Rollups by Pavel Paramonov details the design of Native rollups and how they differ from based, and booster rollups.
- Making Ethereum a Rollup of Itself by Giulio Rebuffo explores the idea of transforming Ethereum’s execution layer into a Native rollup and introduce a new, minimalistic L1 to handle deposits, withdrawals, and transaction sequencing.
- Mainnet Genesis: Ethereum’s Proposer Commitments Era Begins by bolt details their mainnet launch, enabling validators to offer credible commitments on their block contents.
- Introducing Angstrom by Ludwig Thouvenin and Karthik Srinivasan describes Angstrom’s approach to mitigating value extraction on Uniswap v4 by introducing an auction that redistributes arbitrage profits to LPs, and executes trades at uniform clearing prices.
- Why Shared Sequencers Didn’t Work Out—and What Comes Next by Tariz describes the adoption challenges of shared sequencers, and argues that cross-rollup arbitrage offers better economic incentives while preserving rollup sovereignty.
- Launching Secure Block Building (SBB) on Symbiotic Mainnet by Radius announces the launch of Secure Block Building (SBB), enabling rollups to capture MEV while protecting users.
- The Hitchhiker’s Guide To Dark Pools In DeFi: Part Two by Koray Akpinar and Emmanuel Awosika outlines the design of Tristero, a decentralized order matching engine that leverages TEEs to provide low latency and pre-trade privacy.
Posts & Threads
- mteam.eth published a thread arguing for an increase in validator requirements to scale the L1, at the cost of excluding some home stakers.
- Uma Roy published a post advocating for an embeddable UI widget that integrates with a rollup’s infrastructure to facilitate instant cross-rollup transfers without requiring users to leave dApps.
- Reply by Ben Fisch
- Reply by Josh Rudolf
- saucepoint published a post categorizing Uniswap v4 hooks into four primary archetypes; LP Profitability, Liquidity Depth, Asset-Class Support, and Public Goods, each serving distinct purposes.
- EigenPhi published a thread highlighting how the searcher “Yoink Did It Again!” filled a block with 96 arbitrages, leaving only a single position for a transfer transaction.
Talks & Discussions
- Deeply Intents hosted by apriori:
- Skin in the Game invites Vishwa Naik for a conversation on intents, MEV, AI agents, and more.
- Worse is Better invites Jeremy Ornelas to discuss programming languages, system design, the limits of blockchains, and Anoma.
- L2 Interop Working Group Call #2 hosted by Josh Rudolf discussed progress on chain-specific addresses via ERC-7828, cross-chain message passing via ERC-7786, and more.
- Indexed Podcast: A deep-dive on $TRUMP with hildobby, Boxer, and @sui414 analyzes the tokenomics and on-chain activity related to the launch of $TRUMP.
- Post by Indexed Podcast
- Post by @sui414
- The Gwart Show: Tornado Cash, the DOJ and Coin Center invites Peter van Valkenburgh to discuss the work of Coin Center and the recent updates related to the Tornado Cash case.
- EIP-7732 breakout room #15 hosted by Potuz covered the latest progress and implementation status of EIP-7732.
- Agenda by Potuz
- Notes by Terence Tsao
Other
- Benchmarking Op-stack Sequencers: Design & Implementation by @ferranbt describes techniques for benchmarking OP Stack sequencers at production scale.
- How to Navigate Uniswap v4 Data by agaperste provides a guide to help navigate Uniswap v4 data and carry out analytics.
- Ethereum historical data endpoints by eth-clients is a community-maintained list of Ethereum historical data endpoints for Mainnet, Holešky and Sepolia.
- PeerDAS from scratch by Emmanuel Nalepa provides a comprehensive overview of PeerDAS, including the specification and the Prysm beacon node implementation.
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