MevHTTP

MevHTTP is a protocol designed to facilitate the exchange of information related to Maximum Extractable Value (MEV) within the Ethereum ecosystem. MEV refers to the profit that can be made by strategically including, excluding, or reordering transactions within a block. MevHTTP aims to provide a standardized way for different actors, such as searchers and block builders, to communicate MEV opportunities and proposed block contents.

The protocol defines a set of API endpoints and data structures that allow searchers to submit bundles of transactions to builders. These bundles represent specific MEV strategies that the searcher has identified. Builders, in turn, can use MevHTTP to receive these bundles and evaluate their potential profitability. They can then incorporate profitable bundles into the blocks they are constructing for submission to the Ethereum network.

MevHTTP is built upon standard HTTP protocols, making it relatively accessible for developers to implement and integrate. It plays a crucial role in the evolving MEV landscape, promoting greater transparency and efficiency in the discovery and exploitation of MEV opportunities. By establishing a common communication channel, MevHTTP seeks to reduce the friction and complexity associated with MEV extraction, potentially leading to a more robust and competitive MEV market. Its development is an ongoing effort within the Ethereum community to better manage and leverage the economic forces driven by transaction ordering.