The multi-party pipeline through which maximal extractable value is captured: searchers identify profitable orderings, builders construct optimal blocks from bundles, relays facilitate trustless builder-proposer communication, and proposers select and finalize blocks. Over 90% of Ethereum L1 blocks flow through MEV-Boost. Proposer-builder separation (PBS) aims to formalize these roles at the protocol level.
Comece pela explicação mais curta e útil antes de aprofundar.
The multi-party pipeline through which maximal extractable value is captured: searchers identify profitable orderings, builders construct optimal blocks from bundles, relays facilitate trustless builder-proposer communication, and proposers select and finalize blocks. Over 90% of Ethereum L1 blocks flow through MEV-Boost. Proposer-builder separation (PBS) aims to formalize these roles at the protocol level.
Use primeiro a analogia curta para raciocinar melhor sobre o termo quando ele aparecer em código, docs ou prompts.
Pense nisso como uma mecânica de mercado usada para precificar, rotear ou mover capital em apps de liquidez.
Coloque o termo dentro da camada de Solana em que ele vive para raciocinar melhor sobre ele.
AMMs, roteamento, liquidez, empréstimos e infraestrutura de trading.
Transforme o termo de vocabulário em algo operacional para produto e engenharia.
Este termo destrava conceitos adjacentes rapidamente, então funciona melhor quando você o trata como um ponto de conexão, não como definição isolada.
Use este bloco compacto quando quiser dar contexto aterrado para um agente ou assistente sem despejar a página inteira.
MEV Supply Chain (mev-supply-chain) Categoria: DeFi Definição: The multi-party pipeline through which maximal extractable value is captured: searchers identify profitable orderings, builders construct optimal blocks from bundles, relays facilitate trustless builder-proposer communication, and proposers select and finalize blocks. Over 90% of Ethereum L1 blocks flow through MEV-Boost. Proposer-builder separation (PBS) aims to formalize these roles at the protocol level. Aliases: MEV Pipeline, PBS Relacionados: MEV (Maximal Extractable Value), Arbitrage, Sequencer
Use contexto do glossário, relações entre termos, modelos mentais e builder paths para receber respostas estruturadas em vez de output genérico.
Opcional: cole código Anchor, Solana ou Rust para o Copilot mapear primitivas de volta para termos do glossário.
O Copilot vai responder usando o termo atual, conceitos relacionados, modelos mentais e o grafo ao redor do glossário.
Esses ramos mostram quais conceitos esse termo toca diretamente e o que existe uma camada além deles.
The profit validators/block producers can extract by reordering, inserting, or censoring transactions within a block. MEV includes frontrunning (trading before a large order), sandwich attacks (surrounding a swap with buy/sell), and arbitrage. On Solana, Jito's block engine provides an MEV auction system where searchers submit bundles with tips.
The practice of profiting from price differences for the same asset across different markets. On Solana, arbitrage bots exploit price discrepancies between DEXs (e.g., SOL/USDC on Orca vs Raydium) or between spot and perpetual prices. Arbitrage is often executed via Jito bundles for guaranteed atomic execution and front-running protection.
The entity responsible for ordering, batching, and submitting transactions in a Layer 2 rollup. Most rollups currently use a single centralized sequencer operated by the rollup team. Decentralized and shared sequencer designs (Espresso, Astria) distribute this power across a network of operators, enabling cross-rollup atomic composability and reducing single points of failure.
Estes são os próximos conceitos que valem abrir se você quiser que este termo faça mais sentido dentro de um workflow real de Solana.
Essas entradas são fáceis de misturar quando você lê rápido, faz prompting em um LLM ou está entrando em uma nova camada de Solana.
A UX design philosophy and infrastructure layer that hides blockchain-specific complexity from end users, allowing them to interact with dApps without knowing which chain they are on. Chain abstraction aggregates cross-chain routing, gas payments, bridging, and account management into a seamless experience. Projects like Particle Network and NEAR's chain signatures enable users to operate across multiple chains through a single interface.
The number of tokens currently available and tradeable in the open market, excluding locked, vesting, or otherwise restricted tokens. Circulating supply is used to calculate market capitalization (price times circulating supply). It increases as vesting schedules unlock tokens and decreases as tokens are burned. The gap between circulating and max supply indicates future dilution potential.
The absolute maximum number of tokens that can ever exist for a given token. Max supply is either enforced programmatically (by revoking mint authority after initial minting) or defined as a cap in the tokenomics design. For example, SOL has no hard max supply due to ongoing inflation, while many project tokens have a fixed max supply set at TGE. Max supply is used to calculate fully diluted valuation.
Entradas de glossário só ficam úteis quando estão conectadas. Esses links são o caminho mais curto para ideias adjacentes.
The profit validators/block producers can extract by reordering, inserting, or censoring transactions within a block. MEV includes frontrunning (trading before a large order), sandwich attacks (surrounding a swap with buy/sell), and arbitrage. On Solana, Jito's block engine provides an MEV auction system where searchers submit bundles with tips.
The practice of profiting from price differences for the same asset across different markets. On Solana, arbitrage bots exploit price discrepancies between DEXs (e.g., SOL/USDC on Orca vs Raydium) or between spot and perpetual prices. Arbitrage is often executed via Jito bundles for guaranteed atomic execution and front-running protection.
The entity responsible for ordering, batching, and submitting transactions in a Layer 2 rollup. Most rollups currently use a single centralized sequencer operated by the rollup team. Decentralized and shared sequencer designs (Espresso, Astria) distribute this power across a network of operators, enabling cross-rollup atomic composability and reducing single points of failure.
Essas entradas vivem ao lado do termo atual e ajudam a página a parecer parte de um grafo maior, não um beco sem saída.
A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.