How does Maximal Extractable Value (MEV) work?
Searchers detect opportunities and construct transactions or bundles. Builders and block producers select and order transactions within the rules and infrastructure of a particular network.
What should trading bot developers know about Maximal Extractable Value (MEV)?
MEV is broader than sandwich attacks. Arbitrage and liquidations can support market functioning, while some extraction harms users. The roles and available ordering controls differ across Ethereum, BSC, and Solana.
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.