Dren Hima

MEV didn’t disappear, it migrated. Every public-mempool cleanup pushed extraction into private order flow, builder markets, or spam, so the rent just changed hands. Private routing helps and isn’t a fix. A Dec 2025 study found 3,126 privately-routed victims sandwiched in two months for $409k, and ~40-54% of victims then migrate to private routing anyway. […]...