The Conservation of MEV: Why Sequencing Value Cannot Be Eliminated

Jascha Samadi argues that Maximal Extractable Value (MEV) is an inherent property of transaction sequencing that cannot be designed away. Whether in public blockchains like Ethereum, permissioned ledgers like Canton, or traditional finance, sequencing value is conserved rather than destroyed. The core issue for the industry is not the existence of MEV, but rather who holds the power to price and capture this value.