State of the MEV Union
summary
Post-merge block building splits into Searchers → Builders → Relays → Validators with the Builder market moving from near-monopoly to many players each taking ~10–20% market share and some showing measurable weekly profits (examples: Beaver, 0x69). Relays also diversify and a new ultrasound optimistic relay cuts 100-200 ms latency by skipping full block checks in exchange for collateralized guarantees. Debates center on PBS vs protocol-level MEV awareness, restaking risks, liquid-staking operator concentration, order-flow auctions for user kickbacks, and MEV challenges on rollups.
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chapters (13)
- 0:00Intro
- 1:02Block Building Today
- 1:47Builder Market
- 3:10Suave
- 3:55Relay Market
- 5:43Censorship
- 6:24What to Bring In-Protocol?
- 8:05PEPC & Restaking
- 9:27Validator Market
- 10:20User Overview
- 11:50Wallet Overview
- 12:32Application Layer Overview
- 13:18L2 Overview
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