Validators that are running the Ethereum blockchain saw a surge in rewards from transaction fees thanks to the $PEPE craze, cryptauxmargaux reports
, MEV revenue was at 2,505.69 ETH while gas fees were at 1,423.99 ETH, for a total revenue of 3,929.68 ETH ., is a feature of crypto trading, with some parallels to arbitrage in traditional markets. It represents the amount of additional income that validators can earn by rearranging or optimizing the order of transactions within a block, an ostensibly legal activity that’s sometimes likened to front-running.
As part of their MEV rewards, validators are allotted a share from the transaction fees from the block they propose as well as the MEV within a block. Normally, during these kinds of periods, the MEV itself constitutes a very large part of the income that validators make, however, when gas fees spike, validators can make more money off of that too.are connected to MEV-Boost, most of the data reflecting MEV activity is captured through that.
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