In the report released by @galaxyhq, @christine_dkim has led us go through the revamped MEV landscape of Ethereum post-Merge.
With referring to EigenPhi's data, Galaxy's report presents the top 10 most competitive MEV searchers on Ethereum in 2022.
galaxy.com/research/whitepapers/mev-the-rise-of-the-builders/
As argued in the report, the most profitable searchers on Ethereum are "the ones that are experts at monitoring and analyzing on-chain activity, particularly DeFi ones."
According to EigenPhi's data, only less than 30% of searchers may gain more than $10K in profits.
Galaxy's report also highlighted that it was the arbitrage that extracted the most amount of value in 2022.
In general, EigenPhi found that arbitrage has generated more than $145 million in revenue, accounting for 47.5% of the total.
Galaxy's report dissects the MEV supply chain and highlights the top block builders by # of blocks, with builder0x69 coming in first place π₯.
EigenPhi's data also shows that builder0x69 was one of the oligarchies, gaining more than 30% of total builder income.
Don't wanna miss the first-hand insights and analysis from the research author @christine_dkim?
π Mark your calendars for our Twitter Space on March 25th at 9 pm ESTπ See you there!
You can also watch this video for all highlights about MEV in 2022: youtube.com/watch?v=Sb55mPLXctg
twitter.com/EigenPhi/status/1637836703946747907
You can also check EigenPhi's annual report of MEV in 2022:
eigenphi.substack.com/p/mev-outlook-2023
Or, download all the highlights in one pdf: drive.google.com/drive/folders/1F4MJSTCB0JxX23oXppcQ7c3hp9QUpwBJ