What's New in MEV
summary
Explains that blobs change builder incentives and quantifies latency costs (example: 300 ms latency vs a small 50 ms blob delay) and splits block value into order flow and simulation components. Describes a working design called Suave: an SGX-backed confidential data store, programmable auctions, solver smart contracts and composable block builders that accept encrypted order flow. Shows how private order flow can outcompete centralized builders when its value exceeds latency and how intent solvers and AI agents can execute across L1/L2s.
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chapters (26)
- 0:00Intro and welcome Tomasz Stanczak
- 1:03Why MEV is everything
- 1:38Blobs as the newest component in MEV
- 2:46Block builders and blob inclusion incentives
- 3:55Order flow value vs. simulation value
- 5:09Builder competition and latency value explained
- 6:57Modeling latency cost for blob transactions
- 8:10Full transaction cost: base fee, tip, latency
- 9:16Simulation cost and builder opportunity cost
- 9:53Intro to Suave and Flashbots' MEV approach
- 10:31Confidential data store and TEEs
- 11:43Smart contracts accessing encrypted order flow
- 12:48Reimagining block building using Suave
- 14:35Competitive block building with programmable privacy
- 15:40Modular and composable MEV infrastructure
- 16:46Why builders and market makers prefer Suave
- 17:23Latency vs. value of protected order flow
- 18:35Suave enables decentralized block building
- 19:12The CAKE framework and cross-chain intent UX
- 20:25Suave as an intent-based execution layer
- 21:39AI agents and offchain/onchain execution
- 22:17Suave as a programmable MEV platform
- 22:50Closing remarks on Suave and future MEV
- 23:30Final thoughts and community appreciation
- 24:03Event wrap-up and acknowledgements
- 25:25Join the ETHGlobal team call-to-action
