@ircrp 11 April 2021 more from that month

The Total Extracted MEV ('Miner'/Maximum Extractable Value) by front running bots reaches $369 million since the beginning of the year. Those arbitrage bots are set up to extract the most value of a transaction from regular users by front running their transactions, for example by identifying a valuable trade which is pending in the mempool and positioning a trade position ahead of it and then selling it once both trades are executed on chain and move the market, additionally causing sudden additional slippage applied to the trade. Image source: https://explore.flashbots.net/ #CryptoNews