According to the MEV-Boost Dashboard, since the Ethereum Merge in September, more over 100,000 ETH ($162 million) have been distributed by Flashbots’ MEV-Boost maximal extracted value (MEV) tool.
According to Hasu, Flashbots was one of the few constructors developing in the MEV market when Ethereum was using a proof-of-work governance approach.
Flashbots’ hegemony
With MEV-Boost, which Hasu claims “has done a lot to decentralize the MEV area,” attempts have been taken to lessen centralization in light of this.
According to Toni Wahrstätte, an Ethereum researcher and the creator of the MEV-Boost Dashboard, the efforts of Flashbots to open-source the code behind MEV-Boost allow affluent businesses an opportunity to “fight for extracting MEV and finally transmit it to the validator.”
Decentralization is greatly aided by this since validators are not required to join specialized (but centralized) pools in order to extract MEVs successfully, according to Wahrstätte.
Proposer-builder separation (PBS), which separates the activities of creating and assigning blocks to distinct roles on the network, is one method that might be used to alleviate censorship in the MEV ecosystem, according to Alchemy.
According to Hasu, PBS is a partially accomplished integration for MEV-Boost.
According to Hasu, “MEV-Boost is a type of “proto-PBS” in that it is an independent piece of software that makes extra trust assumptions in addition to not being a part of the Ethereum protocol.
The advantage, according to Hasu, is that we could complete it considerably more quickly this manner and could make changes to the market design before included them in the protocol.