Exclusive on-chain analysis from EigenPhi indicates a notable reduction in the frequency of sandwich attacks targeting Ethereum traders. This form of maximal extractable value (MEV) exploitation, which involves front-running and back-running user transactions for profit, has historically impacted hundreds of traders monthly, leading to cumulative losses in the millions of dollars. The new data suggests a shifting dynamic within the Ethereum MEV landscape, potentially influenced by improved user awareness, the adoption of protective tools like private transaction relays, and broader market conditions. While the threat persists, the observed decline marks a significant trend for network participants who have long contended with this costly form of exploitation. The findings underscore the ongoing evolution of the Ethereum ecosystem as it addresses complex security and economic challenges.
