A consortium of Ethereum builders has banded together to launch MEV Blocker, a utility that promises to help people transact on Etheruem without succumbing to maximal extractable value (MEV) bots.

Maximum extractable value is a phenomenon wherein clever blockchain operators profit from the ability for anyone to preview upcoming transactions. By looking at Ethereum’s mempool – a sort of waiting area for yet-to-be-confirmed transactions – so-called MEV-bots can front-run trades and execute other strategies, like sandwich attacks, that eat into the profits of regular users.

Read more: What Is MEV, aka Maximal Extractable Value?

MEV-Boost – a piece of MEV-optimizing middleware used by virtually all the validators that operate Ethereum – aimed to spread out the riches of MEV to more people, but it also turned MEV-extraction into a kind of cottage industry. By MEV Blocker’s estimate, MEV bots have siphoned more than $1.38 billion from everyday Ethereum users so far.

MEV Blocker joins a growing number of projects that provide custom RPC endpoints to users that want to avoid being sniped by MEV extractors (an RPC endpoint is a gateway that wallets and other crypto apps use to communicate with a blockchain).

With its endpoint, MEV-Blocker aims to give power back to regular users – providing them a way to not just circumvent the most common MEV attacks, but also to profit from less offensive MEV strategies. It was jointly created by CoW Protocol, Beaver Build and Agnostic Relay – some of the larger players in Ethereum’s MEV ecosystem.

“MEV Blocker works by directing transactions to a network of ‘searchers’ before sending them to the mempool,” the team behind MEV Blocker explained in a statement. “The searchers then bid for the right to backrun the transactions while simultaneously shielding users from frontrunning and sandwich attacks.”

Backrunning is a type of MEV strategy where a transaction is slipped in directly after another trade, with the backrunning transaction taking advantage of arbitrage opportunities raised by the preceding transaction. According to MEV Blocker, their utility will reward “at least 90% of the profits from winning bids back to users,” with the other 10% going to validators.

MEV Blocker should be supported by all wallets that allow for custom RPC endpoints.

Edited by James Rubin.

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Exciting Update for HamsterKombat (HMSTR): Strengthening Security to Combat Scammers!
We’re thrilled to announce a major security update for the HamsterKombat (#HMSTR) ecosystem that promises to make the platform safer for all players and investors. In response to increasing concerns around scammers and fraudulent activities, the HMSTR team has rolled out a robust solution that will make it significantly harder for malicious actors to operate.
The new update introduces advanced scam detection algorithms and tighter verification processes aimed at keeping users’ assets secure. These features include:
1. Enhanced User Verification: A more rigorous process that ensures users are legitimate and have passed additional identity checks.
2. Improved Fraud Detection: New algorithms analyze transactions in real time, identifying suspicious patterns and behaviors commonly associated with scammers.
3. Asset Recovery Features: In the rare event that fraud occurs, the update includes methods for freezing suspicious accounts and enabling a streamlined asset recovery process.
4. Community Alerts: Players can now flag suspicious accounts directly within the platform, helping to create a self-regulating community that watches out for one another.
This update comes at a time when security in the crypto space is a top priority. HamsterKombat is taking the necessary steps to ensure a safer, more enjoyable gaming experience while protecting your valuable assets from scammers.
Stay tuned for more updates and features as we continue to build a secure and thriving #HMSTR community. Together, we can outsmart the scammers and keep the game fair and fun for all!
@dappOS_com #antiscam #CryptoSecurity #PlayToEarn #HMSTRCommunity