Exclusive data from EigenPhi reveals that sandwich attacks on Ethereum have waned

Exclusive data from EigenPhi, covering over 95,000 sandwich attacks between November 2024 and October 2025, reveals a sharp decline in sandwich extraction on Ethereum, dropping from nearly $10 million monthly to about $2.5 million by October 2025, despite rising DEX volumes. Although the total annual loss to traders is around $60 million, block builders capture most of this value, leaving attackers with only a 5% profit margin. The risk to users remains, as nearly 40% of attacks targeted low-volatility pools, causing slippage in stablecoin and LST pairs. The activity is heavily concentrated, with roughly 70% of all attacks linked to the MEV searcher known as Jared (jaredfromsubway.eth), whose sophisticated bot targets multiple victims. While the number of distinct sandwich bots has fallen due to compressed profitability—with many operating near breakeven or at a loss—the focus has shifted to quantity over high margins, exemplified by Jared's strategy.

(Source：Cointelegraph)