METHODOLOGY FOR COMPARATIVE ANALYSIS OF MAXIMAL EXTRACTABLE VALUE (MEV) IN DECENTRALIZED EXCHANGE PROTOCOLS
The development of smart contracts in blockchain networks has enabled the creation of sophisticated decentralized finance (DeFi) protocols, encompassing decentralized exchanges, lending platforms, and algorithmic crypto-assets. Despite decentralization and transparency, blockchain networks do not guarantee a predictable transaction execution order, leading to the emergence of the phenomenon known as Maximal Extractable Value (MEV) – an additional profit extracted by certain network participants who influence transaction ordering.