1/14 🤑 $32.5M, that's searchers' revenue of #MEV on #Ethereum in Jan and Feb of 2023. In the same MEV supply chain, builders' income reached $67.21M, out of which validators took the most: $62.58M. This research shows you how the value flows thru the whole stream. 2/14 📊 Here is the big picture illustrating the benefits flow for different parties, specifically builders and validators under the current PBS scheme. One liner: MEV Accounts for 51.6% of Builders' Revenue, and Validators Stand as Top Beneficiaries.
Let's dive deeper. 🕵️‍♀️

1/10 🐄 Alert! 🐄
Our research shows 🥪 MEV’s impact on @CoWSwap is one magnitude lower than on any other DEX.
It’s time to Moo-ve your attention to this report and milk all the buttery details!🥛
drive.google.com/drive/u/1/fold… 2/10 In the report, 🧐 we cover revenue💰, frequency 📊, and volume of all the sandwich MEVs attacking @CoWSwap. On top of these, we also compare 🥪's impact on different aggregators, DEXs & protocols. And we list all the top CoW Swap solvers under attack and many juicy data👇

1/9 The Chickens Are Clucking, and the Cows Are Mooing With Delight! Why? Because these CoWs are much hard to become the recipe of sandwiches. Our research shows that 🥪 MEV's impact on
#CoWSwap is One Magnitude Lower Than on Any Other DEX.docs.google.com/document/d/1lu… 2/9 🥪 frequency: in 2022, 1.9K 🥪 attacked CoW Swap's 239K trades, meaning sandwich MEV only accounted for about 0.8% of all the transactions on CoW Swap.

Discover Q1 2023's most astounding MEV windfalls at our event "Mastering MEV: Unraveling the DeFi Mystery of Latency and its Impact" at #Consensus2023! Follow us to learn how the USDC Depeg created incredible MEV opportunities 🚀

🎟️ Claim your ticket: eventbrite.com/e/mev-past-fut… According to our tracking data, the USDC depegging in Q1 2023 led to a massive MEV revenue peak. Arbitrage contributed $40M, sandwich MEV extracted $46M, and liquidation took $2M from the market. 📈

This is an in-depth 🧵thread🧵 of the Euler Attack. We not only cover what happened during the attack, but also give our analysis on the beneficiaries and losers, whales affected, and addressed with net large flows👇 Ethereum-based noncustodial lending protocol Euler Finance faced a flash loan attack on March 13. The attacker stole millions in $DAI, $USDC, $WETH, $stETH, and $wstETH.

2022 is a memorable year for DeFi. Terra Luna, 3AC, Celsius, FTX... Despite all these downfalls, MEV still contributed $328B, half the total DEX volume of $666B on Ethereum. This wonderful Twitter Space reflects on the past year and looks to the future. eigenphi.substack.com/p/highlights-f… All the insights below are from these fantastic guests:
⭐️ @christine_dkim, VP, Research at @galaxyhq
⭐️ @sui414, Danning, Lead Data Scientist at @0xProject
⭐️ @_bout3fiddy_, Core Contributor of @CurveFinance
⭐️ @_prestwich, James Prestwich, Founder/CTO of @nomadxyz_
⭐️… twitter.com/i/web/status/1…

We were excited to work with @DefiLlama to protect traders with timely notifications and alerts to probable MEV attacks. Find out more in our "Weekly Highlights"
eigenphi.substack.com/p/weekly-highl… Arbitrum $ARB Airdrop went LIVE on March 23rd with price volatility in the market. EigenPhi can make TX tracking easy by visualizing $ARB transactions with our EigenTX Chrome Extension(bit.ly/3RnUOUp).

🧵Analysis & Thoughts: User's $2M Loss in USDC De-Pegging Crisis Raises Questions About KyberNetwork's Responsibility. 1/6 In the wake of the recent #USDC de-pegging crisis, a user named CHIA reportedly lost $2 million while converting 3Crv to USDT through @KyberSwap. While @KyberNetwork issued a lengthy statement on Twitter absolving themselves of any blame, an analysis of the situation suggests… twitter.com/i/web/status/1…

If you want to track the footprint of the exploiter of a risk event, browsing Etherscan can be exhausting sometimes. Now, our Related Transaction feature can be a lifesaver. Has the exploiter done something else fishy in the same block? 👇

$403 million in 41 separate attacks; according to Chainalysis, this is the loss due to oracle manipulation in 2022.
Days ago, EigenPhi organized a Twitter Space discussing how to prevent Oracle attacks with industry experts. They are:
⭐️@pmcgoohanCrypto, founder of ZeroMEV.
⭐️@yajinzhou, co-founder of @BlockSecTeam.
⭐️@KaihuaQIN and @lzhou1110: two influential DeFi security researchers at @imperialcollege.
⭐️0xpotato from @SlowMist_Team.
⭐️@jayantkrish, core contributor of @PythNetwork.

Starting yesterday, the Ripple Effect of #SVBCollapse has come to #MEV area, creating tons of opportunities for both arb and 🥪 🤖, and it's a developing story.
Profit of arb from Mar 9 to 11 : $260K, $697K, $3.46M.
🥪: $50K, $311K, $2.14M. eigenphi.io This crisis has impacted the oldest decentralized stablecoin: DAI. It was affected by this USDC bank run crisis and fell as low as $0.9.

1/9 Riding the Wave of MEV Opportunities: In 2022, Arbitrage Dominates the Market, Promising Explosive Growth for Savvy Searchers! Let's See How It Happened! 2/9 Our results show that arbitrage opportunities were the most frequent, accounting for 68.3% of the market. Sandwich opportunities are around 30.6%.

1/9 Rise to the Top: The Thrilling Journey of Best #MEV Bots - Exploring Lifespan, Profitability, and the Blood-Battling Secrets in the Quest for Financial Success!
This 🧵will give you an exclusive overview of MEV 🤖's performance in 2022, which you would never wanna miss: 2/9 MEV is a fierce battlefield, with over 2.7K MEV 🤖s vying for profits. The arbitrage 🤖 are dominating the market, accounting for over 80% of total players.

Like we said before, "for Avi, bad luck come in succession". open.substack.com/pub/eigenphi/p…

https://twitter.com/SummersThings/status/1607861933322952709

In case you don't remember, let's take you back to November's @avi_eisen vs. Curve battle.

EigenPhi's analysis report for @uniswapgrants Community Analytics (UGPCA)'s Bounty #19 is out! An in-depth look at #MEV's Impact on @Uniswap.
In the next few days, we will present the highlights in report for you.
See more info via eigenphi.io/report/mev-imp… 1/2 Do you know how much the #MEV has made from @Uniswap V3 since Jan 2022?

1/11 Token front-running was common at Coinbase crypto exchange, and Hasu's deleted tweet suggested MakerDao suffered from EMO governance.DeFi Daily Digest 2022-08-18: More Front-Running on Coinbase, and MakerDao's $400M Bank Run.
eigenphi.substack.com/p/defi-daily-d… 2/11 Security

1️⃣ A New Study found suspicious trading like insider trading or front-running around 10% to 25% of new crypto listings coindesk.com/business/2022/….

1/10 Yesterday must have been an awful day for rich token holders, as the top 3 victims of the day are all Token Millionaires. 2/10 The Token Millionaire with $10M in holdings has suffered heavy loss in the last 7 days. It was squeezed for $399,46 in 16 🥪s while losing $18,789 in yesterday's 🥪.
eigenphi.io/ethereum/sandw…

1/6 Today let's work on a classic #arbitrage that @_bout3fiddy_ contributed to our #AwesomeTx bounty.

In this tx, the 🕵️‍♂️ earned over $252,578.9 while paying over 720 $ETH as miner tips, using 4 tokens ($WETH, $USDT, $USDC, $DAI) in 3 venues.

eigenphi.io/ethereum/tx/0x… 2/6 Here's how the searcher🕵️‍♂️ made this:
1) The 🕵️‍♂️ sent 4,700 $WETH from Balancer Vault to a Curve LP 0xd51a (Step 0,1 in the figure) and swapped the money for 6,075,210 $USDT (Step 2).

1/9 The top 🥪 became breakfast in the morning, marking a productive start to the day.

eigenphi.io/ethereum/tx/0x… 2/9 The 😢 of this 🥪, also the biggest victim of the day, was a Tornado Cash Withdrawer.
eigenphi.io/ethereum/sandw…
It lost $11,840 in the attack when swapping 895.95 $WETH for $renBTC.
However, the #MEV 🤖 only earned $4,259, since it paid $7,580 to the DEX and miners 🔨.

MEV market is constantly changing. The arb window is usually gone in minutes, even secs. Receiving the latest arb tx can be crucial for searchers. So is big whales' trading creating arb alpha. Don't want to miss these? Follow our 🚨 :

https://twitter.com/EigenPhi_Alert/status/1559649173246320640

Here are some of the large amounts of deposits and borrows.

https://twitter.com/EigenPhi_Alert/status/1559687387986374657

How to use flash loans to capitalize from an #arbitrage? Let's take a look at this transaction, where #MEV 🤖 earned 1,180 $USDC.
etherscan.io/tx/0x38f9508ce…

#1 Let's start with the roles involved in the transaction:
• From: an EOA account, 0xffFf14106945bCB267B34711c416AA3085B8865F.
• To: MEV 🤖, 0xEdE2faFBa9e23418485f49f052D0e1d332853E0F.
• 0x1ce9: an EOA account, 0x1ce943e573041463202090cf662490c95585a046.

#2