MEV SNIPING! There was a heated debate among top Ethereum developers on the social-media platform X regarding maximal extractable value (MEV), which involves using trading bots to frontrun user transactions. Ethereum core developer Péter Szilágyi expressed frustration over the lack of progress in addressing the blockchain’s challenges, referring to MEV as a recreation of the banking system. Ethereum Foundation researcher Dankrad Feist criticized Szilágyi’s viewpoint, prompting a discussion on potential solutions to address MEV. Ethereum co-founder Vitalik Buterin joined the conversation, highlighting Ethereum’s culture of allowing diverse opinions. Buterin also wrote a lengthy essay addressing the issues raised, emphasizing that the situation is not as bleak as some may believe.
