Bitcoin's transaction ordering is subtly influenced by miner extractable value (MEV) dynamics, similar to Ethereum but less overt. Miners and pools use fee signals, block templates, and package relay to decide transaction inclusion, creating a 'soft MEV' effect. Unlike Ethereum's DeFi-focused MEV, Bitcoin's version relies on fee-based incentives and off-chain arrangements. Recent updates in Bitcoin Core v28, including full replace-by-fee (RBF) and package relay, have further impacted transaction prioritization. Fee fluctuations and direct-to-pool accelerators also play a role in determining which transactions are included in the next block.
Bitcoin's Subtle MEV Dynamics Influenced by Miners and Pools
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