Maximal Extractable Value (MEV) is the value that can be derived by inserting, reordering, censoring, or frontrunning transactions before they are mined.

MEV is often used to describe the potential profits that can be earned by exploiting inefficiencies or arbitrage opportunities in the market.

For example, if there is a significant price difference between two DEXes for a particular asset, a trader might be able to earn a profit by buying the asset on one DEX and selling it on the other. The maximum amount of profit that can be earned in this situation is the MEV of the trade.

MEV is an important concept in the world of DeFi, as it helps to identify potential arbitrage opportunities and other situations where value can be extracted from the market. It is a key factor for traders and investors in the DeFi ecosystem, and is an essential part of the DeFi ecosystem.

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