In the cryptocurrency industry, there is an extremely large and highly profitable black industrial chain that most ordinary retail investors haven't even heard of. In academia, it is known as MEV (Maximal Extractable Value); but in the eyes of us bottom-level developers, it is a blatant 'retail slaughterhouse'.

Let us lower our perspective to the most fundamental structure of a public chain - the mempool (Mempool). When you eagerly click the 'buy' button on a decentralized exchange (DEX), do you think your transaction will be executed immediately? Wrong! On Ethereum or any traditional transparent EVM chain, your transaction will be packed into a plaintext message and thrown into a public waiting room called Mempool. In this waiting room, countless 'Searchers' bots written by top quantitative institutions and hackers lurk.

The work of these robots is extremely brutal and efficient. Because the ledger is fully transparent, they can scan your trading instructions within milliseconds. If they detect that you are about to buy a large amount of a particular token, they will immediately bribe miners (or validators), submitting an extremely high Gas fee to force their "buy" order to jump in front of yours (this is called Front-running). After you passively raise the price and complete the purchase, these robots will then insert a "sell" order immediately after your transaction, instantly crashing the market for arbitrage. This is known in the industry as the notoriously infamous "Sandwich Attack."

In this process, you not only endure extremely high slippage losses, but you are actually paying a kind of "invisible cyber exploitation tax" to the group of quantitative robots hiding in the shadows. According to conservative estimates by institutions, over the past few years, MEV robots have silently siphoned off billions of dollars in profits from ordinary users and DeFi protocols. Even more terrifying is that this parasitic behavior is currently "completely legal" under the existing public chain architecture! Because miners and validators have absolute power to reorder transactions within blocks. This is a "glass house game" orchestrated by a power oligarchy and quantitative capital, while retail investors are the fat sheep who stick their bottom cards on their foreheads.

Are we really just going to be at their mercy? It wasn't until I deeply dissected the underlying privacy mechanism of @MidnightNetwork based on the Kachina protocol that I saw a true "memory pool revolution." Midnight has coldly realized: to eliminate MEV, it is useless to appeal to miners to be ethical. The only solution is to mathematically "blind" these robots completely. In the architecture of Midnight, due to its extremely hardcore Shielded Transactions and underlying data isolation mechanism, the transaction lifecycle has been completely rewritten.

When you initiate a DeFi transaction on the Midnight network, your specific transaction amount, the types of tokens you are buying and selling, and even the smart contract functions you are calling will be converted into zero-knowledge proofs (ZK Proof) by the Compact compiler on your local device, and subjected to extremely tight cryptographic packaging. When this transaction enters the Midnight network waiting to be packaged, it is no longer a plaintext instruction that can be read at will, but an indestructible "cryptographic black box." Those once invincible MEV robots now look at Midnight's memory pool as if they are gazing into a starless abyss.

They have no idea whether this black box contains a transfer worth $10 or a transfer worth $100 million from a whale; they do not know if it is a buy or a sell. Since they cannot see the bottom cards, they cannot calculate the arbitrage space at all, let alone initiate an accurate "sandwich attack"! Even more incredible is Midnight's DUST fuel mechanism. On traditional chains, robots can infer the urgency of your transaction by observing your Gas fee bidding. But on Midnight, the DUST used to drive hidden transactions is not only non-transferable but also consumed in an extremely smooth manner. You cannot even deduce the scale of the transaction through "abnormal fluctuations in fuel consumption."

What kind of underlying dimensionality reduction strike is this? Midnight has forcefully provided an absolutely invisible umbrella of protection for ordinary users and institutional entities in the darkest cyber forest. Stop limiting your focus to those public chains that only know how to patch things up at the application layer. When a public chain cannot protect users from MEV bloodsucking at the underlying logic level, no matter how high its TPS is, it is merely a more efficient slaughterhouse. And what $NIGHT represents is the last bastion against the entire MEV interest group. On the eve of this grand compliance and institutional entry, whoever can completely end this "Web3 invisible tax" will be able to take over the core liquidity lifeblood of future decentralized finance.#night