Maximal Extractable Value (MEV) searching has gained prominence on the Ethereum blockchain since the surge in Decentralized Finance activities. In Ethereum, MEV extraction primarily hinges on fee payments to block proposers. However, in First-Come-First-Served (FCFS) blockchain networks, the focus shifts to latency optimizations, akin to High-Frequency Trading in Traditional Finance. This paper illustrates the dynamics of the MEV extraction game in an FCFS network, specifically Algorand. We intr...