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
- Execution Welfare Across Solver-based DEXes by Yuki Yuminaga, Dex Chen, and @sui414 presents an empirical study detailing how solver-based DEXes, like CoWSwap and UniswapX, generally offer better execution compared to traditional AMMs.
- Inaugural L2 Demo Day Videos by @dmarz highlights a series of demos that showcase Rollup-Boost, OP-rbuilder, Builder Playground v2, Contender, and Chain-Monitor.
- Crypto Funding Social Projects and Redistribution in a Costa Rican Rural Town by @CorujaTejedora (https://www.linkedin.com/in/maitecristinall) explores the interconnections between North-South relationships, transnational gentrification and crypto funding for community projects, as part of FRP-32.
- Decoupling throughput from local building by Barnabé Monnot analyzes the implications of increasing Ethereum’s L1 throughput beyond what local builders with minimal hardware can achieve.
- TimeBoost and Backrunning: Probabilistic Strategies by Akaki Mamageishvili and Ed Felten studies how latency advantages influence the distribution of backrunning profits between competing searchers under TimeBoost.
- ERC-4337: 2 Years After by Nikhil Bhintade reviews the adoption and evolution of ERC-4337 over the past two years.
- 1 Builder, 1 Searcher, 6 Sandwiches in 5 Minutes Causing $714K Losses by EigenPhi details a series of six sandwich attacks executed within five minutes, resulting in $714K in losses.
Posts & Threads
- @fnerdman published a post emphasizing that TDX outcompetes SGX and Yocto-based solutions for confidential computing in terms of performance, stability, and latency.
- Ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week.
- Toni Wahrstätter published a thread detailing the effects on proposer revenue by allowing local builders to reduce the number of blobs they include, as presented in Max-Blobs Flag: Economic Perspective.
- The Latest in Defi Research published a thread highlighting the paper On sybil-proof mechanisms by Minghao Pan, Akaki Mamageishvili, and @Christoph.
- Protocol Guild published a thread sharing a summary of recent work by Protocol Guild members related to Pectra, Hoodi, and more.
- Youssef published a thread covering progress on EIP-5792 as a transaction batching standard for wallets.
Talks & Discussions
- Superchain Space: Denver: Supercharging the Superchain with Rollup Boost by @dmarz details Rollup-Boost as a platform for performance, programmability, and decentralization extensions for Rollups.
- Indexed Podcast: Which DEX has the best price? with hildobby, @sui414, Yuki Yuminaga, and Dex Chen present their recently published paper; Execution Welfare Across Solver-based DEXes.
- CBER Forum: Mitigation of Maximal Extractable Value (MEV) with Julian Ma, Ciamac Moallemi, @shea and Barnabé Monnot presents work related to MEV mitigation from the perspective of applications, infrastructure, and the Ethereum protocol.
- Stratacast: Cryptos Renaissance Man invites @Hasu to discuss MEV, privacy and L2 solutions on Bitcoin, and how they compare to Ethereum.
- Rollup & Prove it hosted by Polymer Labs:
- Hard Truths of Interoperability by Ellie Davidson
- Heterogeneity in Settlement & Bridge Systems by Philipp Zentner
- Panel: Intents vs OFTs | Aori vs Stargate with Angus Lamps, Joshua Gunn, and Arjun Chand
- TEE Preconfers: Why, How, & What’s Next by Chua Zheng Leong
- Chains Will Be Abstracted, Whether You Like It Or Not by Ethan Francis
- Bankless: “It’s Time to Get Aggressive” - Tim Beiko on Ethereum’s Roadmap invites Tim Beiko for a conversation on Ethereum’s roadmap, with a focus on Pectra and Fusaka.
- L2 Interop Working Group Call #5 hosted by Josh Rudolf discussed updates on multi-chain interoperability initiatives including developments on ERC-7828, RRC-7755, and Open Intents Framework.
- Fabric Call #001 hosted by Drew Van der Werff discussed the Fabric roadmap, Pectra-related updates, and Lookahead designs for preconfirmations and based sequencing.
- Notes by Drew Van der Werff and Sam Jernigan
- LVR.wtf Deep dive by Yuki Yuminaga provides a walk-through of LVR.wtf, a data dashboard for calculating LVR on the top Uniswap pools.
- 1 Builder, 1 Searcher, 1 Victim 5 Minutes, 6 Sandwiches, $714K Losses hosted by EigenPhi invites Benjamin Hunter to discuss the six sandwich attacks that resulted in $714K in losses.
Other
- Hardware verification by @Quintus discusses methods for verifying hardware integrity and detecting hardware trojans through secure testing protocols, verifier diversification, and more.
- The Limits Of Hardware Isolation by @Quintus outlines architectural approaches to isolating TEE workloads from untrusted code, evaluating hardware-enforced constraints and processor-level isolation to mitigate side-channel attacks.
- Tornado Cash Delisting by U.S. Department of the Treasury announces the removal of economic sanctions against Tornado Cash.
- Holesky and Hoodi Testnet Updates by Tim Beiko details the launch of the Hoodi testnet for validator testing as a response to the year-long exit queue on Holešky after Pectra.
- Protocol research call by Barnabé Monnot announces a new open research call to guide future development around scaling, validator roles, and protocol design.
- Thread by Barnabé Monnot
- Post by caspar
- Post by Ansgar Dietrichs
- Beam Chain Roadmap by Ream Labs aggregates information related to the roadmap and progress of Beam Chain.
- Ethereum Staking Survey 2025 by EthStaker collects anonymized data on the Ethereum staking landscape.
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