JUST IN: Eliminating MEV With @SkaleNetwork’s BITE Protocol | ournetwork__ on Binance Square

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JUST IN: Eliminating MEV With @SkaleNetwork’s BITE Protocol 🛡️| OurNetwork #339
Link to read 🔽 https://www.ournetwork.xyz/p/on-339-bite-protocol?utm_campaign=ournetwork

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BITE, created by @SkaleNetwork, eliminates MEV at the consensus level. BITE's 4 Steps: 1️⃣ Encryption: before submission, transaction data, like function calls, are encrypted client-side using BITE’s threshold encryption. 2️⃣ Consensus: once submitted, the encrypted transaction is broadcast to the network. Validators validate and collect signatures, although transaction contents remain encrypted while pending, fully obscuring the mempool from observers and validators. 3️⃣ Decryption: upon reaching consensus, a supermajority of validators can use their private shares to produce decryption shares. Combining these decryption shares reconstructs the original, unencrypted transaction data. 4️⃣ Execution & Persistence: post-execution, the transaction data remains encrypted within block explorers and accessible only viaBITE-specific JSON-RPC calls. Read more 👇

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MEV hits crypto's largest blockchains through sandwich attacks – ➡️ Present in over 30% of blocks on @Ethereum. ➡️ Generated over $350k on @solana for their creators in the past 30 days. More on MEV + a solution to eliminate it: https://t.co/Ghh5qWgGWG Data via: @Dune & @@0xGhostLogs’s

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The delta-neutral structure of $USR fueled rapid growth — Resolv’s total value locked (TVL) surged from $10M in late 2024 to over $600M in early 2025, before falling below $400M by mid-year. Learn more about $USR from @NovaOvchinnik: https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=ournetwork#usr Data via: @Dune

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A look at $USDC supply: 📍 Reached ATH of $60B. 📍 Grew over 80% year-over-year. 📍 Market share grew from 20% of stablecoin supply in April 2024, to 25% in April 2025. 📍 Growth driven by @Base & @Binance. @ElBarto_Crypto does a full overview on $USDC in ON-338: https://t.co/bsYnnSS2CZ Data via: @artemis

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.@Safes are the most widely adopted smart accounts across @Ethereum – $6.2B worth of stablecoins are stored in their smart accounts. See what’s happening in stablecoin infrastructure from @usestablecoin ➡️ https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=ournetwork#stablecoin-infrastructure Data via: @Dune

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