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Blockspace Under Pressure: An Analysis of Spam MEV on High-Throughput Blockchains
On high-throughput, low-fee blockchains, a qualitatively new form of maximal extractable value (MEV), spam MEV, has emerged: searchers submit large volumes of speculative transactions, whose profitability is resolved only at execution time. On major rollups, it can consume more than half of block ga
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