Ethereum Dark Pools Dominate
Germany Seizes 13 Crypto ATMs In AML Operation, SushiSwap To Have DCA And Limit Orders
Private transactions on Ethereum are surging, primarily with the use of dark pools
Dark pools are an on-chain entities that help obscure network interactions. But these Ethereum users are also using them to avoid MEV front-running from trading bots.
Private transactions are sent directly to validators instead of public mempools. Their order flow (everything on the network) is only accessible to certain actors like block builders, which can give them an edge.
Blocknative published a piece on this, describing it as "flippening", where even though 30% of all transactions are private, they account for over 50% of Ether L1 gas used.
Users are seeking to get MEV protection, although private transactions are more complex and gas intensive.
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