MEV Has Spread to Bitcoin, in Subtler Forms Than on Ethereum
There are several ways to front-run a pending bitcoin transaction. One in particular could lead to private mempools, and thus centralization of authority on the blockchain.
Arbitrage opportunities exist in traditional finance and in crypto, but in the latter they are more pronounced due to the visibility of pending transactions and slow settlement times.
Although less prominent than on Ethereum, MEV on Bitcoin is emerging through practices like "sniping" Ordinal inscriptions, mining empty blocks, and miner cartelization.
MEV emerging on Bitcoin could lead to pressure from the market for mempools to “go private” which would undermine the cryptocurrency's founding tenets.
