• Ethereum’s recent positive momentum was accompanied by challenges posed by MEV bots and staking reward fluctuation.
• Growing retail interest in Ethereum fueled adoption.

Recent positive developments in the cryptocurrency market have revitalized sentiments, particularly benefiting major players like Ethereum [ETH]. However, along with the newfound enthusiasm, certain challenges are surfacing, most notably the rise of MEV bots.

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MEV bots on the rise

Ethereum’s validators have been witnessing a surge in Miner Extractable Value (MEV) earnings, averaging 772 ETH daily and totaling 187,000 ETH this year.

MEV bots, which exploit price discrepancies between blockchain transactions, can influence the network’s stability and potentially disrupt transactions.

The Ethereum network is experiencing a high concentration of MEV bots, raising concerns about network congestion and fairness in transaction prioritization.

Ethereum validators have earned an average of 772 ETH per day in MEV, amounting to 187k ETH in total so far this year.

To learn more about MEV post-Merge on Ethereum, read this Galaxy Research report: https://t.co/SenVr6B7XJ pic.twitter.com/6WonCNwxsp

— Galaxy Research (@glxyresearch) August 29, 2023

Despite these challenges, Ethereum’s staking ecosystem is growing as more users participate. However, the rewards for Ethereum stakers have witnessed a decline in the past month.

This decline in rewards could impact the attractiveness of staking, affecting the ne

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Author: Himalay Patel

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