Shows
MEV SpacesMEV Inside the Rug: The 94-Layer Triple-Evil SandwichMyth: “MEV and rug-pulls are separate.” False. This case shows a triple-evil sandwich: a taxed token, a 94-layer sandwich, and a timed rug in the same block. One operator ran the token, the pool, and the bot.💡 What you’ll learn* The triple-evil model: taxed token → layered sandwich → mint-and-drain rug* How malices are done🔍 CASE STUDY DETAILSThis is educational content only. We do not endorse MEV bots or provide financial advice. Always DYOR (Do Your Own Research).You can subscribe to MEV Spaces via Spotify, Apple Podcasts, Pocket...
2025-10-3002 min
MEV SpacesThe Pawn-Shop Price Trap: Bots Farming Your Limit OrdersA beginner myth: “Unfilled limit orders can’t hurt me.” False. Two mismatched orders from the same wallet let a bot flip between them like a pawn-shop buy/sell sign and keep the gap. We show the loop, the numbers, and five fixes.💡 What you’ll learn:• The pawn-shop analogy for mispriced limits• The 4-step flip loop that needed no upfront capital• How one bot repeated it ~30× in a block• Five guardrails to stop self-arbitrage🔍 CASE STUDY DETAILS• Transaction Token Flow: https://bit.ly/4iYK1h3• Etherscan Tran...
2025-10-2702 min
MEV SpacesThe Bot Winner Who Grabbed a Fortune by Liquidating 11.2 Million Assets.Oct 10: ~$19B erased and 1.6M liquidations. One bot ran an 11-move route and finished with PnL in ETH. This video reconstructs every hop and why it mattered.💡 What You’ll Learn* Step-by-Step Sequencing beats speed* Exact-denom repayment wins liquidations* Deep pools reduce slippage* Paid inclusion (builder tips) secures execution🔍 Case Study Details* PnL Balance Table: https://bit.ly/48FEvyu* Transaction Token Flow: https://bit.ly/3WhBtsS* Etherscan Transaction: https://bit.ly/47kKTcl📚 Resources & Links* EigenTx visualizer: bit.ly/eigentx
2025-10-2202 min
MEV SpacesMEV Space #11: How the Data Builders Define RealityMEV Space brings together the sharpest minds in crypto to dissect the evolving MEV landscape and beyond. This is the 2nd part of the Data on Ethereum series.In MEV Space #10, we asked: who owns Ethereum’s most valuable data?We heard about:* Data asymmetries in private orderflow.* The interpretation layer is a scarce good.* Blind spots in real-time observability.* Protocol limits around censorship resistance & validator-builder balance.* And a shared concern: without better access, better modeling, and better accountability—we’re flying half-blind.In thi...
2025-09-1157 min
MEV SpacesEthereum’s Past Mistakes, Present Blind Spots, and Future Frontiers on DataFrom gas markets to proposer behavior, from blob throughput to MEV flow—data has become the backbone of Ethereum’s evolution. But it wasn’t always this way. For years, we flew blind.Entering the 2nd decade, our ability to measure and act on real-time data will define the protocol’s future.This is part 1 of the MEV spaces discussing the importance of data in the development of Ethereum.Meanwhile, set up your reminder for MEV Space #11 — Data, Drama & Decisions (Part II): Where Are We and What’s Next.⏰ Date & Time: 11 AM EST, Sept 1...
2025-09-0950 min
MEV SpacesMEV Space #9: Rubber Stamps, Latency Arms Races, and the TEE MirageEnshrined PBS may simply rubber-stamp today’s power structure—high-perf relays will still run the show. ——-Murat Akdeniz, Founder of PrimevSlashing shouldn’t burn to oblivion—redistribute penalties to users who bought the pre-conf guarantee. ——-Amir Forouzani, Contributor of Puffer.financeCutting slot times just fuels a latency arms race—infra centralization and empty-slot risk could spike. ——- Kevin Lepsoe, Founder of ETHGasEnshrined PBS is complexity theatre—the real prize is delayed execution; let’s not mix priorities. ——-Kubi Mensah, Co-founder of GattchaTEEs are a poor-man’s cryptography; settle for them now and we’ll re...
2025-08-071h 08
MEV SpacesMEV Space #8: Censorship Resistance, MEV Mitigation, and Implementation Timeline On Encrypted MempoolsSpeakers:Luis Bezzenberger — Head of Product, ShutterNetworkMarc Harvey-Hill — Ethereum Core Developer, NethermindEthCo-host: Benjamin Hunter — VP of Engineering, NasdaqBTCSThis MEV Space episode explores how encrypted mempool solutions like Shutter Network don't aim to eliminate all MEV (a common misconception), but rather focus on preventing front-running and providing crucial real-time censorship resistance. The discussion covers technical implementation challenges, the synergy with other Ethereum upgrades like Fossil and EPBS, and concrete roadmap milestones including out-of-protocol implementations and EIP 7793 for eventual L1 integration. This is a public episode. If you wo...
2025-07-2942 min
MEV SpacesMEV Space #7: Partial Block Building POV From Builders & ValidatorsToday, we're diving deep into one of the most critical questions shaping the future of Ethereum and MEV: How does Partial Block Building reshape stakeholder dynamics across the entire MEV supply chain, and what does this mean for the economic evolution toward REV?We've got an incredible lineup of experts representing each layer of this ecosystem* Danny Gattas — Protocol Lead, Figment* Kubi Mensah — Co-Founder, Gattaca* Irfan Shaik — Founder, Interstate* Jesse Tasman — Sr. Technical Product Manager, bloXroute* Co-Host: Benjamin Hunter — VP of Engineering, BTCS This is a publi...
2025-06-1648 min
MEV SpacesMEV Space #6: Profit or Promise - MEV Collection vs. Preconf GuaranteesAs preconfirmation protocols reshape Ethereum’s transaction flow, how do we balance MEV extraction with reliable execution guarantees?Where do risks like centralization, censorship, and incentive misalignment emerge?Top minds collide:Speakers• Murat Akdeniz (@MuratLite, @primev_xyz)• Kevin Lepsoe (@lepsoe, @ETHGASofficial)• Drew Van der Werff (@DrewVdW, @fabric_ethereum)HostsCo-hosted by:• Benjamin Hunter (@philosowrapter, @NasdaqBTCS)• @bryanzketh of @EigenPhi This is a public episode. If you would like to discuss this with other subscribers or get access to bonus epi...
2025-06-1150 min
MEV SpacesMEV Space #5: Sandwiched In Time - Tracing MEV on EVM ChainsDive into the hidden mechanics of MEV and DeFi with the 5th episode! We’ll unpack:🕳️ Dark Forest mempool revelations💰 DeFi Summer & MEV Gold Rush⚡ Flashbots & MEV-Boost🥪 Jaredfromsubway.eth 2.0’s rise😱 2024’s most shocking sandwich losses (98% drained)Featuring three industry leaders:Luis Bezzenberger (@bezzenberger), Founder of ShutterNetworkDr. Yixin Cao (@playerYixin), Chief Data Scientist at EigenPhiHildobby (@hildobby_), Data Specialist at DragonflyCo-hosted byBenjamin Hunter (@philosowrapter), VP Engineering at Nasdaq BTCS This is a public episode. If you would...
2025-06-0643 min
MEV SpacesMEV Space #4: 1 Builder, 1 Searcher, 1 Victim, & $714K LossesDive into the epic 6-sandwich-in-5-minutes saga, a wild ride through the realms of PBS, MEV Boost, and the searcher-builder alliance. Let @philosowrapter, Engineering VP of BTCS guide you through the beast's lair. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit eigenphi.substack.com
2025-06-0227 min
MEV SpacesMEV Space #3: TEEs in Blockchains - Trust, Decentralization & Market DesignAre TEEs the secret weapon for squashing MEV chaos and building truly decentralized blockchains? Or are we just swapping one central point of failure for another by trusting hardware giants like Intel?During this talk, we have these thought leaders:* Shea Ketsdever, Product Lead at Flashbots.* Chua Zheng Leong, Co-Founder at Automata NetworkBlair Marshall, MEV Solution Architect of Fastlane, will be our co-host again.Here are the topics we will discuss.* Given the inherent trust in hardware manufacturers when using TEEs, can we truly consider MEV...
2025-05-281h 03
MEV SpacesMEV Space #2: Offer Builders Can't Refuse:The Searcher Integration SagaSearcher-builder integration has evolved from a natural PBS (Proposer-Builder Separation) ecosystem development into a dominant force, raising critical questions about market competition, privacy, and the long-term health of Ethereum's MEV landscape.This episode features diverse perspectives on one of Ethereum's most complex and evolving challenges, from privacy solutions to market dynamics research. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit eigenphi.substack.com
2025-05-2759 min
MEV SpacesMEV Space #1: How Do We Solve the Builder Centralization Crisis Without Using Napkin Research?The top 2 builders have been consistently producing over 85% of all the blocks and more than 95% of mev-boost blocks during most of 2024. In Nov, they processed 87% of all private and 79% of all public transactions. They also took 80% of overall builder rewards, including priority fees and builder tips. That's 14.6K ETH, worth 45M, at the price of $3,100. Today, we have this all-star roster, and I believe we can inspire new and solid ideas to solve this crisis. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes...
2025-05-2357 min
Wen BuildingEp9 Are We Heading Towards the MEV Dystopia? A Deep Dive into the Complexities in MEV Supply Chain & Available MitigationsAfter the Merge, the MEV landscape is grappling with an unexpected development— the integration of CeFi and DeFi searchers and builders.. A few powerful entities act like mafia getting access to each layer down the stack, posing substantial risks to Ethereum and users' funds. The question looming is whether we are inexorably progressing towards a MEV dystopia.In this episode, Stephanie (@stephaniiee_ho) achieves a milestone in her journey of MEV exploration with Danning (@sui414), a data scientist from Flashbots, who works at the forefront of MEV observation and analysis. They have a deep dive into the mo...
2024-01-1253 min
Wen Buildingep4 PBS 吐槽小会 ｜ 漫谈 MEV 真实数据揭示的扎心现实以及以太坊的中心化情况【时间戳】02:05 EigenPhi 的成立源于flashloan的出现03:11 以智能合约为主的数据与传统金融很不一样03:40 EigenPhi 不只是 MEV 数据分析平台05:43 MEV 数据是区分 DeFi 与传统金融的关键06:10 在区块链上所有竞争玩家的历史数据是fully observable的07:29 MEV 及其常见类型08:58 MEV 的好坏之分10:45 三明治攻击利润多但条件要求较高12:00 MEV 的情况比想象中严重12:50 以太坊基金会也逃不过三明治攻击13:58 MEV 进化地比想象的快14:53 普通用户保护自己免受攻击的方法17:20 在应用层减少 MEV 有一定收效，但应用不应该做这件事17:44 DeFi 的可组合性使得应用减少 MEV 成效有限22:09 The Merge对 MEV supply chain 的影响23:25 The Merge是否实现了设计者转 PoS 的原意24:02 The Merge后大部份交易的排序掌握在少数几个 builder 手上25:04 MEV supply chain的组成26:12 比较大的 searcher 都做了自己的builder26:38 独立的builder是很难赚钱的28:36 中心化的现象已经很严重30:30 从机制上看，PBS 的两个特点必定导致中心化36:44 需要看用户的真正使用情况38:59 PBS 和 AA 本质上在改变以太坊的共识机制40:07 OFA（订单流竞拍）是解决中心化的良药吗41:42 目前缺乏对订单流进行有效定价的方法42:16 是否确定性竞争是 OFA 能否解决中心化问题的关键42:53 OFA 本身是单边竞价43:37 MEV Evaluation 作为独立第三方提供数据促成交易46:18 MEV 不会被消灭，应该如何处理 MEV 在本期播客，我们有幸邀请到了最大的 MEV 数据分析平台 EigenPhi 的 CEO 兼联合创始人 Mars Cheng 来从 MEV 的真实数据出发，聊聊 MEV。我们从 MEV 的基本概念，MEV 对 DeFi 应用的实际影响，应用层减少 MEV 举措的局限性，谈到到合并后在 MEV-boost 结构下严重的中心化问题，以及 PBS 路线图设计的不合理性。说实话，这期播客聊到最后让人略感沮丧，这也是超出了主持人在准备时的预期。MEV 一直是一个复杂而具争议性的问题，现在确实不缺乏质疑 PBS 路线的声音。希望这期播客可以抛出话题，引起更多人的讨论和关注，碰撞出更好的解决方案。Host: Stephanie@stephaniiee_ethGuest: Mars Cheng@kidrane相关资源EigenPhi twitter：https://twitter.com/EigenPhiMEV 对 Uniswap 的影响研究报告：https://eigenphi.substack.com/p/mev-impact-on-uniswap三明治MEV 对 CoWswap 的影响研究报告：https://eigenphi.substack.com/p/sandwich-mevs-impact-on-cow-swapMEV supply chain 利润分布的研究报告：https://eigenphi.substack.co
2023-10-1650 min
BanklessROLLUP: Memecoin Frenzy | BRC-20 Tokens | Brad ShermanBankless Weekly Rollup 2nd Week of May 2023 ------ 🚀 TOKEN HUB 🚀 https://www.bankless.com/join?utm_source=YouTube&utm_medium=Intro&utm_campaign=Intro_CTA1 ------ 🚀 Stake with Swell https://bankless.cc/Swell ------ BANKLESS SPONSOR TOOLS: ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken 🧠 AMBIRE | SMART CONTRACT WALLET https://bankless.cc/Ambire 👻 PHANTOM | FRIENDLY MULTICHAIN WALLET https://bankless.cc/phantom-waitlist 🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask ------ Topics Covered 0:00 Intro 2:45 MARKETS 5:4...
2023-05-121h 30
Tokenomics DAO PodcastTokenomics DAO Study Group: How to Execute Large Market Orders in CryptoWhat is the most cost effective way to go about buying a large amount of tokens? Why is this important you may ask? Be it a protocol, exchange or humble whale; knowing how to execute large orders in decentralised finance can be difficult due to a multitude of different factors that have to be considered such as MEV, liquidity, different exchange models, slippage and price impact to name a few. During this Tokenomics DAO Study Group, Mason Fasco tries to shed some light on this topic. Enjoy!Outline:* Objective: to acquire large amount of token...
2022-12-0748 min