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Blockchain protection solution announced: SKALE unveils BITE Protocol to combat $2 billion MEV threat in the industry

Eighth of May, 2025, San Francisco, California: Chainwire Announcement

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San Francisco, California, on the 8th of May, 2025, reports Chainwire:
San Francisco, California, on the 8th of May, 2025, reports Chainwire:

Blockchain protection solution announced: SKALE unveils BITE Protocol to combat $2 billion MEV threat in the industry

Headline: BITE Protocol: Eliminating Maximal Extractable Value (MEV) and Ensuring Blockchain Fairness

San Francisco, CA, May 8th, 2025, Chainwire

SKALE Labs has entered the game-changer landscape with BITE Protocol, the industry's groundbreaking consensus-level solution to wipe out Maximal Extractable Value (MEV) exploits. Since 2020, a whopping $1.8 billion has been siphoned through MEV, but BITE aims to level the playing field, placing blockchain transactions on par with those of traditional finance.

BITE, short for 'Blockchain Integrated Threshold Encryption', erects a barrier against MEV extraction. It douses off any party, including validators, from accessing transaction contents before a block is set in stone. Unlike previous attempts, BITE delves deep, embedding threshold encryption right into the consensus layer, creating an even battleground for every blockchain participant. By scrambling transactions before they hit the mempool and only decrypting them post-block confirmation, BITE guarantees absolute transaction privacy and fairness.

"BITE Protocol heralds a new era for blockchain technology," SKALE Labs CEO and Co-Founder Jack O'Holleran expressed. "By uprooting MEV and ending front-running, sandwich attacks, time bandit attacks, and other underhanded tactics, BITE makes existing L1 blockchains obsolete. Instead of band-aid solutions, BITE addresses the MEV problem at its source, thanks to cryptographic guarantees in the very essence of the consensus layer itself."

BITE's ripples extend across decentralized exchanges, NFT marketplaces, lending protocols, on-chain games, prediction markets, and real-world asset (RWA) tokenization platforms. Its impact boils down to enhanced transaction fairness and privacy, a critical milestone for branching out traditional assets onto blockchain networks.

To dive deeper, check out BITE Protocol.

About SKALE Labs

SKALE, the gas-free, stealthy Layer1 blockchain network, aims sky-high to power gaming, AI, social, and high-performance dApps for the masses. Efficient, EVM-compatible SKALE Chains are an ideal playground for a plethora of decentralized applications. With its focus on fostering mass adoption of Web3, SKALE equips developers and businesses to construct scalable, efficient, and user-driven blockchain applications.

Dreamed up in Cali in 2017 by Jack O'Holleran and Stan Kladko, PhD, SKALE Labs boasts a robust network catering to over 55 million unique active wallets, saving users a whopping $11 billion in gas fees as of 2025.

For more info, contact Dillon Arace, Senior Account Director at M Group Strategic Communications, at [email protected].
  1. BITE Protocol, introduced by SKALE Labs, is a consensus-level solution designed to eliminate Maximal Extractable Value (MEV) exploits, aiming to bring parity between blockchain and traditional finance transactions.
  2. As a cryptographic solution, BITE Protocol, known as 'Blockchain Integrated Threshold Encryption,' restricts any party from accessing transaction contents before the block is set.
  3. BITE Protocol embeds threshold encryption into the consensus layer, providing a level playing field for all blockchain participants by scrambling transactions before they reach the mempool and decrypting them post-block confirmation.
  4. By eliminating MEV and front-running, BITE Protocol aims to eradicate underhanded tactics such as sandwich attacks, time bandit attacks, and other exploits, making existing L1 blockchains obsolete.
  5. In addition to decentralized exchanges, NFT marketplaces, lending protocols, on-chain games, prediction markets, and real-world asset tokenization platforms, BITE Protocol's impact extends to enhancing transaction fairness and privacy, a key step towards transitioning traditional assets to blockchain networks.
  6. SKALE Labs, the creator of the gas-free, stealthy Layer 1 blockchain network, aims to power gaming, AI, social, and high-performance dApps for widespread adoption.
  7. SKALE Chains, which are EVM-compatible, serve as an ideal platform for various decentralized applications, enabling scalable, efficient, and user-driven blockchain applications.
  8. With a network supporting over 55 million unique active wallets, SKALE Labs has saved users an impressive $11 billion in gas fees as of 2025.
  9. For more information, contact Dillon Arace at M Group Strategic Communications, who serves as the Senior Account Director, at [email protected].

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