Ethereum MEV rewards hit $11 million in a single day due to Curve exploit | Headlines | News | CoinMarketCap

07/31/2023 17:12
Ethereum MEV rewards hit $11 million in a single day due to Curve exploit | Headlines | News | CoinMarketCap

Ethereum experienced a record payday in maximum extractable value (MEV) block rewards, as a result of a tumultuous exploit on certain liquidity pools …

Ethereum experienced a record payday in maximum extractable value (MEV) block rewards, as a result of a tumultuous exploit on certain liquidity pools on the decentralized exchange Curve Finance.

Yesterday was the most lucrative for MEV since last year’s Merge, with an estimated 6,006 ETH ($11.1 million) paid out as MEV rewards to validators, according to data from mevboost.pics.

On-chain data retrieved from the Ethereum blockchain highlighted multiple slots (standard periods of 12 seconds for full Ethereum blocks) with significant MEV rewards.

Slot 6,992,273 saw a reward of 584 ETH ($1.08 million), slot 6,993,342 had a 345 ETH reward ($641,000), and slot 6,992,050 followed closely with a 247 ETH reward ($459,000), as first observed by analyst and investor Eric Conner. All three …

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