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Autonomous Market Makers (AMMs) rely on arbitrage to facilitate passive price updates. Liquidity fragmentation poses a complex challenge across different blockchain networks. This paper proposes FluxLayer, a solution to mitigate fragmented…

Computational Finance · Quantitative Finance 2025-05-15 Xin Lao , Shiping Chen , Qin Wang

Ethereum has emerged as the most popular smart contract development platform, with hundreds of thousands of contracts stored on the blockchain and covering a variety of application scenarios, such as auctions, trading platforms, and so on.…

Programming Languages · Computer Science 2020-05-18 Clara Schneidewind , Ilya Grishchenko , Markus Scherer , Matteo Maffei

Ethereum smart contracts operate in a concurrent environment where multiple transactions can be submitted simultaneously. However, the Ethereum Virtual Machine (EVM) enforces sequential execution of transactions within each block to prevent…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-07-23 Atefeh Zareh Chahoki , Marco Roveri

In the context of blockchain, MEV refers to the maximum value that can be extracted from block production through the inclusion, exclusion, or reordering of transactions. Searchers often participate in order flow auctions (OFAs) to obtain…

Computer Science and Game Theory · Computer Science 2025-02-25 Rasheed , Parth Desai , Yash Chaurasia , Sujit Gujar

Blockchain has empowered computer systems to be more secure using a distributed network. However, the current blockchain design suffers from fairness issues in transaction ordering. Miners are able to reorder transactions to generate…

Cryptography and Security · Computer Science 2025-08-11 Yihang Fu , Zesen Zhuang , Luyao Zhang

The rise of Ethereum has lead to a flourishing decentralized marketplace that has, unfortunately, fallen victim to frontrunning and Maximal Extractable Value (MEV) activities, where savvy participants game transaction orderings within a…

Cryptography and Security · Computer Science 2022-09-29 Ben Weintraub , Christof Ferreira Torres , Cristina Nita-Rotaru , Radu State

This paper presents VulnSense framework, a comprehensive approach to efficiently detect vulnerabilities in Ethereum smart contracts using a multimodal learning approach on graph-based and natural language processing (NLP) models. Our…

Cryptography and Security · Computer Science 2023-09-18 Phan The Duy , Nghi Hoang Khoa , Nguyen Huu Quyen , Le Cong Trinh , Vu Trung Kien , Trinh Minh Hoang , Van-Hau Pham

Smart contracts on public blockchains now manage large amounts of value, and vulnerabilities in these systems can lead to substantial losses. As AI agents become more capable at reading, writing, and running code, it is natural to ask how…

The Ethereum block-building process has changed significantly since the emergence of Proposer-Builder Separation. Validators access blocks through a marketplace, where block builders bid for the right to construct the block and earn MEV…

Computer Science and Game Theory · Computer Science 2024-03-19 Fei Wu , Thomas Thiery , Stefanos Leonardos , Carmine Ventre

Blockchain-based cryptocurrencies have received extensive attention recently. Massive data has been stored on permission-less blockchains. The analysis on massive blockchain data can bring huge business values. However, the lack of…

Cryptography and Security · Computer Science 2019-12-18 Peilin Zheng , Zibin Zheng , Hong-ning Dai

Smart contracts, closely intertwined with cryptocurrency transactions, have sparked widespread concerns about considerable financial losses of security issues. To counteract this, a variety of tools have been developed to identify…

Cryptography and Security · Computer Science 2025-02-26 Guokai Sun , Yuan Zhuang , Shuo Zhang , Xiaoyu Feng , Zhenguang Liu , Liguo Zhang

With the emergence of Miner Extractable Value (MEV), block construction markets on blockchains have evolved into a competitive arena. Following Ethereum's transition from Proof of Work (PoW) to Proof of Stake (PoS), the Proposer Builder…

Networking and Internet Architecture · Computer Science 2023-06-06 Anton Wahrstätter , Liyi Zhou , Kaihua Qin , Davor Svetinovic , Arthur Gervais

The out-of-gas error occurs when smart contract programs are provided with inputs that cause excessive gas consumption, and would be easily exploited to make the DoS attack. Multiple approaches have been proposed to estimate the gas limit…

Cryptography and Security · Computer Science 2021-02-22 Fuchen Ma , Ying Fu , Meng Ren , Wanting Sun , Houbing Song , Yu Jiang , Jun Sun , Jiaguang Sun

Maximal Extractable Value, or MEV, remains a structural threat to blockchain fairness because a block producer can often observe pending transactions and unilaterally decide their ordering or inclusion. Existing mitigations hide transaction…

Cryptography and Security · Computer Science 2026-04-10 Jian Sheng Wang

The widespread lack of broad source code verification on blockchain explorers such as Etherscan, where despite 78,047,845 smart contracts deployed on Ethereum (as of May 26, 2025), a mere 767,520 (< 1%) are open source, presents a severe…

Cryptography and Security · Computer Science 2025-06-25 Isaac David , Liyi Zhou , Dawn Song , Arthur Gervais , Kaihua Qin

Ethereum Smart Contracts based on Blockchain Technology (BT) enables monetary transactions among peers on a blockchain network independent of a central authorizing agency. Ethereum Smart Contracts are programs that are deployed as…

Cryptography and Security · Computer Science 2022-03-03 Noama Fatima Samreen , Manar H. Alalfi

We study optimal auction design for Maximum Extractable Value (MEV) auction markets on Ethereum. Using a dataset of 2.2 million transactions across three major orderflow providers, we establish three empirical regularities: extracted values…

Trading and Market Microstructure · Quantitative Finance 2026-03-18 Aleksei Adadurov , Sergey Barseghyan , Anton Chtepine , Antero Eloranta , Andrei Sebyakin , Arsenii Valitov

With the advance application of blockchain technology in various fields, ensuring the security and stability of smart contracts has emerged as a critical challenge. Current security analysis methodologies in vulnerability detection can be…

Cryptography and Security · Computer Science 2025-07-31 Chenyang Peng , Haijun Wang , Yin Wu , Hao Wu , Ming Fan , Yitao Zhao , Ting Liu

The introduction of smart contract functionality marks the advent of the blockchain 2.0 era, enabling blockchain technology to support digital currency transactions and complex distributed applications. However, many smart contracts have…

Cryptography and Security · Computer Science 2026-01-16 Hongli Peng , Xiaoqi Li , Wenkai Li

The rapid growth of Blockchain and Decentralized Finance (DeFi) has introduced new challenges and vulnerabilities that threaten the integrity and efficiency of the ecosystem. This study identifies critical issues such as Transaction Order…

Cryptography and Security · Computer Science 2025-03-11 Xiongfei Zhao , Hou-Wan Long , Zhengzhe Li , Jiangchuan Liu , Yain-Whar Si