Anyone else in notice flashloan arbitrage profits on Eigenphi have completely tanked?
Like a year ago the monthly best would consistenly be 60k - 200k. This month the highest profit arb was only like 1.5k if that. Also there was a historically massive sandwich attack on 1/21, apparently worth ~800k. Not sure if this is related.
I can't really find any articles anywhere about this, MEV I guess is still sort of niche.
Has anyone else seen this?
What's going on with Flashloan Arb that profits are down so much?
Are sandwiches becoming so sophisticated that running plain Arb is getting crowded out?
Interested to hear opinions.
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