Our Sandwich Daily Report

Sandwich MEV is the most cloaked, shady, and damaging MEV in the DeFi world. Mostly, it has been effectively out of the public eye without constant monitoring and exposure.

Take this victim transaction, for example. The trader had wanted to swap 2.115 million USDT for USDC. However, the attackers detected the deal and mobilized over $8.4 million worth of WETH and DAI for the Sandwich arbitrage. In the end, the attackers’ cost of the arbitrage was USD 2,463 worth of gas fees and reaped $48,692 worth of WETH as a profit.

MEVs with MO like these are happening every minute in DeFi. To raise awareness, EigenPhi released the Sandwich MEV module to unveil the Sandwich MEV on Ethereum from head to toe, including summaries, leaderboard, attacker and victim details, and real-time attacks. Furthermore, we produce a little tool to help you check if you have been sandwiched. And here is the methodology of how we recognize Sandwich MEV.

Now we introduce the latest approach to mitigating the risk of Sandwich: Sandwich Daily Report by EigenPhi, which contains 6 sections:

• Overview

• Trends of the last 24 hours and last 7 days

• Volume, profit, cost, and revenue distributions

• Top 5 Sandwich MEVs

• Top 10 exploited protocols, routers, and proxies.

• Top 3 attackers and victims

Let's start with the Overview.