Скачать или смотреть Kaihua Qin(Warwick University): Quantifying Blockchain Extractable Value: How Dark is the Forest?

In this session of the Distributed Ledger Technology Seminar, Dr. Kaihua Qin (University of Warwick) presents an in-depth exploration of “Quantifying Blockchain Extractable Value: How Dark is the Forest?”

Kaihua explains how the transparency of public mempools enables front-running, sandwich attacks, liquidations, arbitrage, and replay vulnerabilities, turning Ethereum into what many describe as a “dark forest.” He outlines how MEV searchers exploit transaction visibility and ordering, why block builders are central to MEV extraction, and how his empirical research measures real-world MEV across millions of transactions. The talk highlights the scale of hidden value extraction, the risks created by private relays, and the impact of MEV on blockchain fairness, decentralisation, and consensus stability.