the Era of Cross-Chain Interoperability
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Signals and Spoils: Speculative Oracle Extractable Value in the Era of Cross-Chain Interoperability
Announce Type: new Abstract: A new form of Maximal Extractable Value (MEV), termed speculative MEV, has emerged across Layer-2 blockchains. Unlike Ethereum mainnet, many Layer-2 systems lack a public mempool, forcing extraction strategies to become probabilistic: searchers emit multiple identical transactions hoping to capture an opportunity first. This generates substantial transaction spam, increasing fees and wasting block space.