
From Flash Boys to Formalized Blockspace: The Evolution of MEV in Crypto
What is MEV? Definition and TradFi Parallels
Maximal Extractable Value (MEV) refers to the maximum profit a blockchain block producer (whether a miner, validator, or sequencer) can extract by arbitrarily including, excluding, or reordering transactions in the blocks they produce (flashbots). In essence, MEV captures the value available to privileged