We will, in fact, see the identical sort of arbitrage with AMMs, albeit in a barely completely different kind. Suppose you heard about SHIB early and also you wished to purchase some earlier than it was accessible on a centralized change. As a result of it’s not on an change you known as on an Ethereum-based AMM (SHIB was created on Ethereum as an ERC-20 token), and also you clicked the buttons to make your buy of SHIB tokens. Whenever you make that order, it will get thrown into an enormous batch of proposed Ethereum transactions. A few of these transactions could possibly be individuals shopping for stuff on-line with USDC, however lots of them are trades for tokens like SHIB or WIF or PEPE.
