Search arXivSearch

arXiv · 2407.19572

Maximal Extractable Value Mitigation Approaches in Ethereum and Layer-2 Chains: A Comprehensive Survey

Abstract

Maximal Extractable Value (MEV) represents a pivotal challenge within the Ethereum ecosystem; it impacts the fairness, security, and efficiency of both Layer 1 (L1) and Layer 2 (L2) networks. MEV arises when miners or validators manipulate transaction ordering to extract additional value, often at the expense of other network participants. This not only affects user experience by introducing unpredictability and potential financial losses but also threatens the underlying principles of decentralization and trust. Given the growing complexity of blockchain applications, particularly with the increase of Decentralized Finance (DeFi) protocols, addressing MEV is crucial. This paper presents a comprehensive survey of MEV mitigation techniques as applied to both Ethereums L1 and various L2 solutions. We provide a novel categorization of mitigation strategies; we also describe the challenges, ranging from transaction sequencing and cryptographic methods to reconfiguring decentralized applications (DApps) to reduce front-running opportunities. We investigate their effectiveness, implementation challenges, and impact on network performance. By synthesizing current research, real-world applications, and emerging trends, this paper aims to provide a detailed roadmap for researchers, developers, and policymakers to understand and combat MEV in an evolving blockchain landscape.

Explore related subjects

Keep this discovery

Explore connections, maps & timelines

BibTeXRIS

Zeinab Alipanahloo, Abdelhakim Senhaji Hafid, Kaiwen Zhang. 2024-07-28. Maximal Extractable Value Mitigation Approaches in Ethereum and Layer-2 Chains: A Comprehensive Survey. https://doi.org/10.1109/access.2024.3514375

Cite the original work for its findings. Save a collection to share your selection of sources.

KEEP EXPLORING

Related papers

Starfish: Rebalancing Multi-Party Off-Chain Payment Channels

Blockchain technology has revolutionized the way transactions are executed, but scalability remains a major challenge. Payment Channel Network (PCN), as a Layer-2 scaling solution, has been proposed to address this issue. However, skewed payments can deplete the balance of one party within a channel, restricting the ability of PCNs to transact through a path and subsequently reducing the transaction success rate. To address this issue, the technology of rebalancing has been proposed. However, existing rebalancing strategies in PCNs are limited in their efficiency and applicability under realistic network topologies. Cycle-based approaches only enable rebalancing among nodes that form cycles, while non-cycle-based approaches incur high on-chain operation costs. In this study, we propose Starfish, a rebalancing approach designed for the locally star-like structures formed by high-degree routing hubs and their incident channels in real-world PCNs. By leveraging a hub-centric structure, Starfish reduces the on-chain overhead of rebalancing from quadratic to linear in the number of channels, achieving high rebalancing efficiency. We formally prove the security of Starfish and conduct comparative experiments against existing rebalancing techniques to demonstrate its effectiveness.

cs.CR

Proof-of-Authorship for Diffusion-based AI Generated Content

Recent advancements in AI-generated content (AIGC) have introduced new challenges in intellectual property protection and the authentication of generated objects. We focus on scenarios in which an author seeks to assert authorship of an object generated using latent diffusion models (LDMs), in the presence of adversaries who attempt to falsely claim authorship of objects they did not create. While proof-of-ownership has been studied in the context of multimedia content through techniques such as time-stamping and watermarking, these approaches face notable limitations. In contrast to traditional content creation sources (e.g., cameras), the LDM generation process offers greater control to the author. Specifically, the random seed used during generation can be deliberately chosen. By binding the seed to the author's identity using cryptographic functions, the author can assert to be the creator of the object. We refer to this stronger guarantee as proof-of-authorship, since only the creator of the object can legitimately claim the object. This contrasts with proof-of-ownership via time-stamping or watermarking, where any entity could potentially claim ownership of an object by being the first to timestamp or embed the watermark. We propose a proof-of-authorship framework involving a probabilistic adjudicator who quantifies the probability that a claim is false. Furthermore, unlike prior approaches, the proposed framework does not involve any secret. We explore various attack scenarios and analyze design choices using Stable Diffusion 2.1 and XL as representative case studies.

cs.CR

Impact Analysis of Speech Representation Learning Models for Acoustic Side-Channel Attack

Acoustic side-channel attacks (ASCA) on keyboards have gained increasing attention, yet impact of speech representation learning models in ASCA remains unexplored. Addressing this, we introduce KEYAC, a dataset designed to analyze representation generalization for ASCA under both standard and VoIP codec settings. On KEYAC, we evaluate six representation learning models under zero-shot and partial fine-tuning settings using fully connected and convolutional networks. Results show that while partial fine-tuning improves performance, models struggle to generalize across VoIP codecs. We hypothesize this limitation stems from inadequate modeling of nonlinear feature interactions in conventional fine-tuning architectures. To address this, we employ Kolmogorov-Arnold Networks (KAN) for fine-tuning. Empirical results show that KAN-based fine-tuning consistently outperforms the baselines and establishes a new state-of-the-art on KEYAC.

cs.CR