We will, after all, see the identical sort of arbitrage with AMMs, albeit in a barely totally different type. Suppose you heard about SHIB early and also you needed to purchase some earlier than it was out there on a centralized change. As a result of it’s not on an change you referred to as on an Ethereum-based AMM (SHIB was created on Ethereum as an ERC-20 token), and also you clicked the buttons to make your buy of SHIB tokens. Once you make that order, it will get thrown into an enormous batch of proposed Ethereum transactions. A few of these transactions may very well be folks shopping for stuff on-line with USDC, however lots of them are trades for tokens like SHIB or WIF or PEPE.
