A Closer Look at Cross-Domain Maximal Extractable Value for Blockchain Decentralisation

Johan Hagelskjar Sjursen, Weizhi Meng, Wei-Yang Chiu

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

In the current literature, many solutions for solving blockchain scaling have been tried historically, whereas most of them usually may compromise the decentralisation. Ethereum has chosen to scale by switching to Proof of Stake consensus and adding data sharding to allow Layer 2 execution to be cheaper. However, in the light of cross-domain Maximal Extractable Value (MEV), even this strategy may have centralising forces built-in. In this work, we focus on cross-domain MEV and try to identify cross domain arbitrage. In particular, we extract Uniswap data from four different domains and provide an initial analysis of how to identify cross domain arbitrages.
Original languageEnglish
Title of host publicationProceedings of the 2023 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
Number of pages3
PublisherIEEE
Publication date2023
ISBN (Print)979-8-3503-1020-7
ISBN (Electronic)979-8-3503-1019-1
DOIs
Publication statusPublished - 2023
Event2023 IEEE International Conference on Blockchain and Cryptocurrency - Dubai, United Arab Emirates
Duration: 1 May 20235 May 2023

Conference

Conference2023 IEEE International Conference on Blockchain and Cryptocurrency
Country/TerritoryUnited Arab Emirates
CityDubai
Period01/05/202305/05/2023

Keywords

  • Decentralized Application
  • Maximal Extractable Value
  • Blockchains
  • Cross Domain
  • Ethereum

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