Explore the Latest Feature in Ledger LiveTM: Enhance Transaction Safety with Integrated MEV Protection Within the App
In the rapidly evolving world of cryptocurrency, safeguarding your transactions from potential exploitative practices is paramount. One such practice is Miner Extractable Value (MEV), a strategy used by miners and network validators to gain additional value beyond network rewards and transaction fees.
Recent estimates suggest that daily value lost to front-running on Ethereum alone can reach around $12 million. However, Ledger Live, a popular cryptocurrency wallet platform, has taken a significant step towards protecting its users from these losses.
Ledger Live has integrated MEV protection by Blink and Merkle, offering users a way to guard against transaction value lost to MEV. To enable this protection for transactions in Ledger Live across blockchains, open the app, navigate to Settings > General, and toggle on "Enable MEV Protection." This setting activates MEV protection for your transactions, reducing the risk of MEV exploitative actions during transaction ordering.
For users of Ledger hardware wallets on EVM-compatible chains like Ethereum and Sei, there are additional steps. You'll need to install the appropriate Ledger app (Ethereum or native chain app) and enable “Blind signing” on the Ledger device’s app settings, which allows signing of arbitrary contract calls—this is necessary to process complex EVM transactions safely.
It's important to note that the MEV protection feature is currently supported in Ledger Live and is similarly enabled by default during swaps in Trust Wallet and can be activated in CoolWallet. For non-EVM or less common blockchains, Ledger’s native app and integration status may vary, so check the Ledger Live app manager and device settings accordingly.
Ledger Live offers tools such as MEV protection, clear signing for transactions, and a help center article for more information. The platform provides a seamless gateway for buying, swapping, and trading crypto while keeping assets safe with a Ledger device. Users can enable or disable MEV protection for all applicable blockchains or select only the blockchains they want in the general settings of Ledger Live.
In addition to MEV protection, Ledger Live offers clear visibility on whether transactions are secure from MEV attacks with an MEV Protection Indicator. This feature provides users with peace of mind, knowing that their transactions are secure from potential exploitative practices.
While MEV bots are central to this strategy, monitoring DEX transactions and instantly executing trades to take advantage of arbitrage opportunities, users of Ledger Live can rest assured that their transactions are protected against such practices.
In 2023, MEV extracted from the Ethereum blockchain surpassed $600 million, highlighting the importance of MEV protection. As the cryptocurrency landscape continues to evolve, it's crucial for users to stay informed and take steps to protect their transactions. With MEV protection now available in Ledger Live, users can take a significant step towards safeguarding their crypto assets.
For more information on how to enable MEV protection in Ledger Live, check out the help center article. Stay safe, and happy trading!
- With the integration of MEV protection by Blink and Merkle, the Ledger Live app now offers a way for users to guard against transaction value lost to Miner Extractable Value (MEV), a practice that can be exploitative and costly in the world of cryptocurrency.
- To safeguard their transactions from MEV exploitative actions during transaction ordering, Ledger Live users can enable MEV protection in the app's settings across various blockchains, including Ethereum and Sei, by navigating to Settings > General and toggling on the "Enable MEV Protection" option.
