A Simple Characterization of MEV
Department of Economics and Statistics, University of Siena, Piazza San Francesco 7, 53100 Siena, Italy
Mathematics 2025, 13(23), 3845; https://doi.org/10.3390/math13233845
Submission received: 2 October 2025
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Revised: 7 November 2025
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Accepted: 17 November 2025
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Published: 1 December 2025
Abstract
In the last few years, the notion of Maximal Extractable Value (MEV) from a transaction in Ethereum has received much attention. Value from a transaction can be extracted in different ways. Yet, despite the wide interest generated by the topic and the variety of extraction strategies adopted, so far there seem to be only very few contributions trying to formalize the notion of MEV. This would be useful to investigate its main features, for a more complete description and a deeper understanding of the phenomenon. Based on the properties of its fundamental elements, that we define in the work, this paper presents a simple characterization of MEV.
Keywords:
Maximal Extractable Value; Ethereum; blockchain
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MDPI and ACS Style
Dimitri, N. A Simple Characterization of MEV. Mathematics 2025, 13, 3845. https://doi.org/10.3390/math13233845
AMA Style
Dimitri N. A Simple Characterization of MEV. Mathematics. 2025; 13(23):3845. https://doi.org/10.3390/math13233845
Chicago/Turabian StyleDimitri, Nicola. 2025. "A Simple Characterization of MEV" Mathematics 13, no. 23: 3845. https://doi.org/10.3390/math13233845
APA StyleDimitri, N. (2025). A Simple Characterization of MEV. Mathematics, 13(23), 3845. https://doi.org/10.3390/math13233845
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