《MEV Won’t Disappear, It Will Only Change Who Owns the Ordering Value》 (Author: Jascha Samadi; Translated by TechFlow from Deep Tide) The essence of MEV lies in the economic value derived from transaction ordering rights. As long as there is a shared state and sequential execution, this value cannot be 'designed away.' Ethereum uses PBS and the block-building market to publicly price ordering value, while permissioned ledgers like Canton shift it behind contracts, synchronizers, and private relationships. Traditional finance has long hidden similar rents through mechanisms like payment for order flow, dark pools, and last-look practices. The real question isn’t whether MEV exists, but rather who controls the ordering rights, whether the rents are transparent, and whether the profits are captured by a few intermediaries or redistributed to the market through public auctions and burn mechanisms. Read the full article: https://www.(wublock123.com)/articles/article-59668