Bitcoin: MEV gradually emerges, primarily influenced by inscriptions and miner behavior.

Due to Bitcoin’s design being different from Ethereum’s, it uses a simple UTXO model where each transaction primarily involves the transfer of Bitcoin between the sender and the receiver. As a result, transaction ordering doesn’t create the complex arbitrage or liquidation opportunities that exist in Ethereum. Additionally, Bitcoin’s network lacks complex smart contracts, which means miners cannot extract MEV through arbitrage or liquidation strategies as they can in Ethereum.

However, with the emergence of innovations like inscriptions, runes, and Layer 2 solutions, Bitcoin’s network is gradually unlocking the potential for MEV. While Bitcoin’s MEV opportunities are still in the early stages, these new technologies are expected to provide miners with additional revenue streams, helping to offset the decreasing mining rewards. The ongoing evolution of the Bitcoin protocol indicates that MEV will become an important component of the Bitcoin ecosystem, potentially bringing more economic incentives for both miners and the broader network.

As the Bitcoin ecosystem matures, the potential for MEV will likely be further explored, leading to new market opportunities and innovative models. Although MEV behavior has yet to be widely scaled, this area certainly holds vast developmental potential and opportunities for the future.