More controversy looms over Solana’s (SOL) decentralized finance (DeFi) as the crypto community discusses Maximum Extractable Value (MEV) tactics.
According to sources, a single Solana validator has extracted over $60 million from “Sandwich Attacks” in a month. This was done using Solana’s blockchain architecture – which facilitates MEV activities like sandwich attacks – to its benefit and users’ harm.
The onchain and DeFi analyst, core developer of DefiLlama, 0xngmi, commented on the matter, highlighting the $60 million profit. “And that’s only profits,” he added. “Total user losses are higher because you need to include validator bribes,” the transaction priority fees users have to pay.