The Ethereum network may slow down as a result of higher transaction costs and congestion brought on by MEV bots and sandwich attacks.
- Ethereum competitors trying more ways to beats ETH.
- Ethereum witnessing massive bot activities and sandwich attacks.
However, Ethereum has many advantages. And still, its competitors, such as Solana (SOL), Cardano (ADA), and Polkadot (DOT), haven’t beaten the Ether. Since its inception, Ethereum has experienced a wave of massive adoption, powering the development of “Decentralized Finance” and forming the vast majority of dApps in the ecosystem.
Bots & Sandwich Attack on Ethereum
Recently, there was a lot of bot activity taking place on the Ethereum network. A type of front-running attack known as a “Sandwich Attack” is used by MEV (miner extractable value) bots to surround a target trade with two other trades to profit from the price discrepancy.
Due to increased transaction costs and congestion brought on by MEV bots and sandwich attacks, Ethereum’s network may get slow. As a result of this, the overall effectiveness of the network as well as the user experience may suffer.
However, the widespread use of Ethereum has proven to be a “bittersweet development.” On the one hand, this growth encourages innovation and draws users to the crypto space, enabling the realization of ideas.