Miner Extractable Value and represents the total value that miners permissionlessly extract from the Ethereum network’s users by reordering, inserting, and censoring transactions within the blocks being produced. Transaction ordering on DEXes is extremely crucial and reorganising txs harms traders.

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from Ethereum https://www.reddit.com/r/ethereum/comments/qqq99w/miner_extractable_value_and_represents_the_total/

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