2 years ago
MEV bot “jaredfromsubway.eth” is liable for 7.26% of the full state spent connected the Ethereum (ETH) web successful the past 24 hours, according to dune analytics data.
According to the data, the bot spent 560.08 ETH — worthy $1.1 cardinal — successful state successful the past 24 hours. The aforesaid code is liable for astir 4.5% — $2.5 cardinal — of the state fees spent connected the blockchain web during the past week.
Source: SealunchThe apical state spenders database connected Etherscan corroborates the supra . This means the bot has spent much connected gases than ETH layer2 networks similar Arbitrum and Optimism during this period.
NFT information probe steadfast Sealunch said the bot has spent much than 3.720ETH ($7M) successful state fees and performed much than 180,000 transactions successful the past 2 months.
Sealunch added that astir of the bot transactions were sandwich attacks targeting traders trading low-cap tokens similar PEPE, BONZI, and WOJAK. Sandwich attacks are often utilized to front-run unsuspecting users’ transactions for profit.
Meanwhile, the bot transactions besides pushed ETH state fees higher, according to expert Hildobby. According to data from ultrasound.money, the network’s basal fees moved from nether 20 gwei connected April 12 to arsenic precocious arsenic 146.82 GWEI connected April 19.
Source: Ultrasound.moneyThe station MEV bot liable for 7% of full state connected Ethereum web successful 24 hours appeared archetypal connected CryptoSlate.
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