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Curve Debacle Triggers Transaction Frenzy, Sending Ethereum ‘MEV’ Rewards to Record High

On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.

Ethereum validators cashed in on the MEV windfall as crypto traders moved digital assets off of the Curve platform. (Shutterstock)
Ethereum validators cashed in on the MEV windfall as crypto traders moved digital assets off of the Curve platform. (Shutterstock)