Binance News: BNB Chain Forms Good Will Alliance to Combat MEV Sandwich Attacks

In a significant move to enhance security and fairness on the BNB Chain, a new alliance has been formed to address a prevalent issue in decentralized finance - MEV sandwich attacks. Here’s a closer look at the development.

BNB Chain’s Good Will Alliance Combats MEV Sandwich Attacks

BNB Chain has formed the Good Will Alliance to address MEV sandwich attacks. The alliance was established following a vote by the BNB Chain DAO in February, which proposed to reduce malicious MEV through various means. The alliance aims to establish best practices and ethical standards that could be adopted through BNB governance, BEPs, and coding. BlockRazor and 48 Club, two entities building on BNB Chain, have deployed sandwich attack filters as part of these efforts.

Binance Coin Outshines SOL and ETH, Approaches $640

Binance Coin [BNB] has seen a 13% increase in decentralized exchange (DEX) volume, positively impacting its price action. Over the past week, BNB has cleared three major resistance zones and is now approaching its early-February high of $640. A 50% spike in trading volume confirms strong capital inflows, while the BNB/BTC pair has hit a yearly high, signaling growing relative strength against Bitcoin. Traders should monitor potential exhaustion signals for a possible short-term cooldown as the RSI nears overbought territory.