Published on 21 Nov 2022 on CoinDesk via Yahoo Finance
FTX Blowup Helped Enrich the Ethereum Validators Who Run the Blockchain
This month’s collapse of FTX drove a dramatic increase in the profitability of running the Ethereum network as the crypto industry ran into the nearly immutable law that when markets get chaotic, the best place to be is at the heart of the action.
Ethereum validators – who, following the Merge in September, are responsible for running the blockchain – saw profits from MEV (maximal extractable value) spike as FTX faltered, according to data from Flashbots.
