Today, we're talking about the mempool and MEV with Matt Cutler of Blocknative.
Matt told me that any given block has 150 to 250 transactions. For context, block times range from, a few seconds on Ethereum to 10 minutes on Bitcoin.
At any time, there's actually 80,000 to 250,000 pending transactions to get into that block with only about 200. That is insane competition for block space.
How does this actually work? How does it affect the gas prices? Which tax every trade? What does MEV mean? And how does it affect traders today? We're gonna find out.
And if you want to learn even more about MEV and how it will be impacted by the upcoming Ethereum Merge? Check out Blocknative's blog.