Ethereum mempool, a.k.a Dark Forest, is where most transactions are submitted before inclusion in the public blockchain. By analyzing its contents, you can react to pending transactions ahead of other bots and users. In this blog post, I’ll describe how you can leverage mempool analysis to snipe rare NFT tokens before the gas wars break out.
Read on even if NFTs are not your thing. The mempool scanning techniques described have a wide range of use cases for Ethereum blockchain projects.
Disclaimer: The information provided in this blog post is for educational purposes only and should not be treated as investment advice.
This blog post is by no means trying to be a comprehensive introduction to NFTs. Instead, I’ll briefly describe the very basics.
NFT stands for Non Fungible Tokens, i.e., tokens that are each unique and not interchangeable. NFTs are implemented with the so-called ERC721 standard.