Bitget Wallet upgrades the "MEV Protection" feature to further enhance the user experience of Swap transactions
When users trade tokens on the Ethereum chain through the wallet's built-in DEX aggregator Bitget Swap, the system will default to enabling the "MEV protection" feature, effectively avoiding potential risks such as "front-running" and "sandwich attacks."Author: Bitget
Bitget Wallet (formerly BitKeep Wallet) upgrades the MEV protection mechanism for Ethereum chain transactions, addressing malicious MEV issues in the Ethereum network and providing users with a safer and more convenient on-chain trading experience.
When users trade Ethereum tokens through the wallet's built-in DEX aggregator ------ Bitget Swap, the system will automatically enable the "MEV Protection" feature, effectively avoiding potential risks such as "front-running" and "sandwich attacks." Additionally, through Flashbots' MEV-Share protocol, the MEV profits generated during the transaction process will be automatically returned to users, maximizing their benefits without any extra actions required.
MEV is a strategy that involves adding or removing transactions or reordering transactions when creating new blocks, which can create potential profit opportunities. Malicious participants exploit these profit spaces for rewards, causing asset losses for other users. Flashbots has been dedicated to solving this issue, significantly reducing the adverse effects of MEV and front-running strategies to achieve a more efficient, decentralized, and fair on-chain environment.
As early as the beginning of this year, Bitget Wallet integrated Flashbots' technical services into its Swap feature to enhance on-chain transaction privacy and security. The Flashbots Bundle transaction packaging strategy helps Bitget Wallet optimize transaction execution order, ensuring transaction priority and avoiding malicious MEV attack issues caused by changes in transaction execution order, while also reducing transaction slippage. In the latest version of Bitget Wallet, the "MEV Protection" feature is more intuitive, allowing users to better perceive these security measures.
Through the collaboration, Bitget Wallet and Flashbots will work together to reduce the negative impact of malicious MEV in the market, improve overall transaction security, help users avoid the intrusion of malicious strategies, and optimize transaction costs to avoid unnecessary extra expenses. This will build a fair and transparent DeFi ecosystem and promote the fairness and sustainable development of the Ethereum ecosystem.
Bitget Wallet focuses on Swap trading as its core function and is committed to becoming the most user-friendly Web3 trading wallet. Its emphasis on the MEV protection mechanism further demonstrates its pursuit of providing an excellent on-chain trading experience.
About Bitget Wallet (Web3 Multi-Chain Wallet)
Bitget Wallet, formerly BitKeep Wallet, is Asia's largest and a leading one-stop Web3 multi-chain wallet globally. It provides users with a comprehensive range of on-chain products and DeFi services, including wallet, Swap trading, NFT trading, DApp browser, and more.
Since its establishment five years ago, it has gained recognition and support from 12 million users worldwide and hundreds of leading projects in the industry, including Ethereum, BNB Chain, Arbitrum, and Polygon, due to its secure and convenient products and services.
In March 2023, the crypto derivatives trading platform Bitget invested $30 million in BitKeep, becoming the majority shareholder; in August, BitKeep officially rebranded as Bitget Wallet, with a complete upgrade of products and services, focusing on "trading" to provide users with a higher quality trading experience.
