GMGN Implements MEV Protection Feature Amid 30.8% Attack Surge

Generated by AI AgentCoin World
Wednesday, Jul 9, 2025 4:18 am ET1min read

GMGN, a prominent platform in the cryptocurrency space, has announced a significant measure to protect its users from Maximal Extractable Value (MEV) attacks. The platform's co-founder, Haze, recently highlighted the increasing number of malicious attacks powered by MEV bots, which have targeted the platform. In response, GMGN has implemented a new MEV-protection feature designed to safeguard users from such attacks.

However, Haze acknowledged that the new security system, while robust, is not infallible. To address this, the co-founder encouraged users who continue to experience attacks despite the new measures to reach out to the GMGN team for assistance. This proactive approach underscores the platform's commitment to user security and satisfaction.

For users who have fallen victim to sandwich attacks under GMGN’s MEV protection feature, the platform offers compensation for their losses. To qualify for compensation, users need to provide their transaction hash number and apply for verification through the official channels. Haze assured users that if it is verified that MEV was enabled during the attack and they were sandwiched, GMGN will compensate them for their losses.

The recent surge in MEV attacks has been a significant concern for the cryptocurrency community. In April 2025, there was a notable increase in MEV attacks targeting Solana-based trading applications. These attacks resulted in substantial losses for users, with a total of over 260,000 sandwich attacks occurring within a 30-day period. Out of these attacks, approximately 23,600 SOL was stolen from users.

GMGN, despite having a relatively smaller trading volume compared to larger platforms, was disproportionately impacted by these attacks. Around 30.8% of the total MEV attacks took place on the GMGN platform, making it one of the most affected applications by attack percentage relative to its trading volume.

In response to the growing threat of MEV attacks, other mainstream trading platforms have also taken steps to mitigate the issue. For instance, centralized exchanges have implemented various measures to combat MEV sandwich attacks. These measures include revoking accounts of users caught using MEV bots to manipulate trading systems and upgrading MEV protection features to prevent unfair trading mechanisms.

GMGN's proactive approach to compensating victims and enhancing security measures sets a precedent for other platforms in the industry. By offering compensation and encouraging users to report ongoing issues, GMGN demonstrates a strong commitment to user protection and trust. This initiative not only helps to rebuild user confidence but also positions GMGN as a leader in addressing the challenges posed by MEV attacks.