MEV after The Merge
summary
Merge keeps execution on execution clients (Nethermind, Geth, Gaff) with a 4‑method RPC between consensus and execution, letting validators request assembled blocks; Flashbots continues to relay private bundles from searchers to validators and currently captures ~52% of blocks, yielding 0.18 ETH per Flashbots block on average and driving a 17.9% boost to validator yields (implying ~14.5% APR vs 8.49%). Modeling uses Pintail’s reward code and Flashbots data and shows minimum uptime for positive rewards falls ~43%→~27% with MEV; further work adds basefee burn and tx fees and uses mev-explorer and proto‑lambda devnets.
AI-written summary · about
chapters (31)
- 0:00Introduction
- 1:50Agenda
- 2:33Global Scaling Hackathon
- 3:17The Merge
- 4:25The Minimum Spec
- 5:51Local devnet setup
- 6:14Merchant upgrade timeline
- 6:57What is MEV
- 8:42What is MUV
- 10:25Transaction fees
- 10:48Transaction ordering
- 11:58Power of transaction ordering
- 13:28What is Flashbots
- 14:48What are the types of bundles
- 15:57What are the advantages of the merge
- 16:26Is it still possible after the merge
- 17:59The value of MEV bundles
- 18:35Should MEV exist in E2
- 19:40The numbers
- 21:50The ideal case
- 23:48Perfect validator
- 24:55Imperfect validator
- 25:59Summary
- 28:34New actors
- 29:32Exchanges
- 30:14Looking ahead
- 32:14Open questions
- 32:43Closing
- 33:30One question
- 34:01Flashbots
- 34:40Conclusion
