Uniswap is an open source decentralized exchange protocol built on the Ethereum blockchain and operating under the management of smart contracts. Uniswap leaves behind the traditional architecture of the digital exchange, since there is no order book. The protocol works with the design of Constant Product Market Maker, which is a variant of the model called Automated Market Maker (AMM).

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To test our new “reordering slippage” metric, we needed to run it against high volume token pairs

So we used data from USDC-ETH and PEPE-ETH

Dive in to see what we learned about MEV in private mempools 👀

To test our new "reordering slippage" metric, we needed to run it against high volume token pairs.