Summary
TLDR: Solana MEV startup Jito Labs suspends mempool functionality due to increased sandwich attacks. This decision has mixed responses from industry participants. Without Jito’s mempool, there may be more spam on the network, leading to failed transactions and wasted validator resources.
Key Points
1. Jito Labs will suspend mempool functionality due to increased sandwich attacks on the Solana blockchain.
2. MEV sandwich attacks occur when MEV searchers profit from asset price volatility by jumping ahead of large purchase orders.
3. Jito’s decision to pause mempool functionality was met with mixed responses from industry participants.