Key Concept - Maximal Extractable Value (MEV) is the maximum profit a block producer can capture by manipulating transaction order [1] Industry Perspective - The industry questions whether MEV is a necessary incentive or a hidden tax eroding trust in blockchains [1]

MEV Definition - Maximal Extractable Value (MEV) refers to the maximum amount of value blockchain actors can gain by reordering transactions within a block [1] Regulatory Scrutiny - ESMA explores MEV's implications for Decentralised Finance users, protocols and the wider crypto system [1]