How does Backrunning work?
A searcher identifies a state-changing transaction, evaluates the resulting opportunity, and submits a transaction or bundle intended to execute after it. The ordering mechanism depends on the chain and submission service.
What should trading bot developers know about Backrunning?
Observing a target transaction does not guarantee adjacency or inclusion. Backrunning differs from frontrunning because its intended action follows the target rather than preceding it.
Sources & further reading
Definitions are editorial summaries of the sources below. Protocol behavior and provider policies can change; consult the linked documentation for implementation details.