SKALE Announces BITE Protocol to Protect Against Blockchain Industry’s Nearly $2 Billion MEV Vulnerability
BITE is set to become the first protocol to eliminate MEV at the consensus level, ending front-running, sandwich attacks, and other transaction exploits. SKALE Labs, the team behind the gas-free invisible blockchain network SKALE, today announced the launch of BITE Protocol, the industry’s first consensus-level solution designed to eliminate Maximal Extractable Value (MEV). With over $1.8 billion lost to MEV extraction since 2020, BITE Protocol seeks to bring blockchain transactions in line with