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Besides the Block Reward and Fees, What Is the Third Component of a Miner’s Total Revenue?

The third component is typically the revenue derived from Miner Extractable Value (MEV). MEV is the profit a miner can make by strategically including, excluding, or reordering transactions within the blocks they produce.

While more prominent in Ethereum, it exists in various forms. This could involve front-running trades or liquidating collateral on decentralized finance (DeFi) platforms.

How Does the Concept of Miner Extractable Value (MEV) Relate to Front-Running in Decentralized Finance (DeFi)?
How Do “Maximal Extractable Value” (MEV) Strategies Interact with Fee Volatility in Both PoW and PoS?
What Is Maximum Extractable Value (MEV) and How Is It Related to Front-Running in Crypto?
Explain the Concept of Miner Extractable Value (MEV) in Simple Terms