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MEV Spam Consumes 60% Of L2 Blockspace, Drives Up Fees
HomeNews* MEV bots generate significant “spam” transactions, using up to 60% of available blockspace on major blockchain networks.
According to Bert Miller of Flashbots, “MEV has become the dominant limit to scaling blockchains,” and the wasteful on-chain searching now uses a majority of capacity on major networks. The report highlighted an incident where a single arbitrage operation spent $0.02 on gas to net a $0.12 profit, yet required nearly 132 million gas—equivalent to almost four standard Ethereum blocks. Flashbots calculated that effective gas throughput (gas available for actual user transactions, minus spam) falls far behind the network’s advertised capacity because of this spam activity.
In MEV activity, bots attempt to profit from price differences across decentralized exchanges by quickly submitting and canceling transactions. If no profitable trades are found, the transactions are aborted. This “winner-takes-all” system causes intense competition and leads to a high number of failed and aborted transactions, increasing network costs for all users. Flashbots’ report finds this inefficiency sets a “persistent, artificially high baseline for transaction fees.”
The report proposes solutions like allowing controlled access to pending transactions and more efficient auctions for MEV inclusion, which could reduce unnecessary traffic. However, it cautions that such changes should include restrictions to limit predatory tactics by MEV bots.
While MEV is often portrayed negatively, some bots have prevented losses by intercepting hacks. For example, a $120,000 hack of Ethereum-based Meta Pool was disrupted by a MEV bot that frontran the attacker. In some instances, bot operators return stolen assets, sometimes for a bounty.
Additionally, the report noted cases like a “sniper” who sold a single Spark token for almost $20,000 in USDT minutes after a new airdrop, far exceeding its typical market value.
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