Sandwich attacks manipulated 35.5% of BNB Smart Chain blocks in November

Knowledge exhibits that the variety of blocks struggling Sandwich assaults within the BNB Sensible Chain reached a brand new file final month.

In line with Dune knowledge, 35.5% of blocks in BSC had been manipulated by Sandwich assaults, abusing the blockchain’s transparency, immutability, and decentralization. This marked a brand new file for the BSC community.

Supply: Dune

In Sandwich assaults, the malicious actor positioned an order earlier than and one other instantly after a big transaction – in between on-chain transactions – to doubtlessly purchase and promote an asset at a cheaper price earlier than the sufferer makes a transfer.

The principle objective of Sandwich assaults is to govern the value of cryptocurrencies on decentralized exchanges.

You may also like: Cardano value may undergo a tough reversal, crypto analyst warns

This may depart the sufferer with a better buy value because of the low liquidity on DEXs. Consequently, the prey’s transaction can be price much less.

Knowledge from the analytics platform exhibits that greater than 43,000 DEX merchants had been affected by Sandwich assaults final week, the very best degree in 9 months. Moreover, inside the similar time-frame, 645 energetic bots have been noticed finishing up these manipulative assaults on the BSC community.

Final week, whole DEX quantity on BSC reached $9.2 million.

The rise of the Sandwich assaults within the BSC ecosystem comes because the community’s native token, BNB (BNB), registered a 17% improve prior to now month. BNB is altering fingers for $656 with a market cap of $94.5 billion on the time of writing.

However, Sandwich assaults on Ethereum (ETH) have decreased since July – from 62.9% to 40.2% prior to now 5 months. Simply over 12,000 DEX customers on the community have suffered Sandwich assaults prior to now month.

Learn extra: XRP value rises 15% in 24 hours as community progress fuels rally, however will this final?