1/ Long-Tail Miner Extractable Value (LTMEV) is one of the most secretive phenomena of DeFi. Unlike liquidations and arbitrage, the strategies required for LTMEV are very specialized/require deep knowledge of protocols. Convex Finance released $157K in LTMEV over 8 months🧵👇

Special thanks to Chainsight, whose queries were forked while building this dashboard. dune.com/ChainsightAnal… Some other useful sites in relation to MEV and block building:

Block builder inclusion rate jumped 20% after @CoinbaseCloud's announcement to support MEV-Boost. Flashbots pre-merge product had >90% hashrate of miners running mev-geth—this benchmark took nearly a year to reach. MEV-Boost has nearly reached that same benchmark in <2 months.

Since 11/8, two block builders have made outsized profits vs. their competition: 0x9522...afe5: 701.3 ETH 0x4737...7dfc: 591.5 ETH Most builders are in negative for the privilege of building blocks. What novel features are these builders providing? Is this Manifold Finance? 😇☺️

The birth and development of a new industry

This sent me on the research spree. Here are some interesting links: - What is MEV? alchemy.com/overviews/what… - Dune Analytics Dashboards by Chainsight dune.com/ChainsightAnal…

A monopoly, on the other hand, would allow a single builder to keep more of these profits themselves, as there would be nowhere else for users to go. Encouraging signs have emerged as the Flashbots builder is down from 75% to 25% market share.

Galaxy Research As of February 3 2023, roughly 85% of all Ethereum validators are earning MEV through a neutral third-party software known as MEV-Boost. H/t: Chainsight

1/ Today, we'd like to announce the biggest upgrade to the Keep3r Network to date Introducing new features that make the network more powerful, efficient, and accessible than ever before

🎉Snowsight, a mempool streaming service and a transaction propagation service for MEV searchers on the Avalanche C-Chain, is officially a year old. 🎉 To celebrate, we are granting free Premium Tier access to users in our telegram. Join us 👇 t.me/snowsight_avax

3/9 Many decentralized perpetuals allow signficant value to be extracted from their LPs, forcing them to impose higher fees on users to compensate for this. Over 40 days a value equalling ~10% of protocol profits was extracted from GMX by arbitrage bots x.com/ChainsightLabs…

Despite Flashbot's best intentions, after 2 years it is now clear that instead of democratizing block production, MEV-Boost has actually had the opposite effect—2 builders monopolize the block building market, extracting $500k ETH daily. How did this happen? Stay tuned for more.

Due to volatile market conditions, Snowsight mempool relay services will be paused starting Monday Nov. 25th at 12:00 PM EST. Snowsight mempool relay services will resume when market conditions have stabilized.

Due to market stabilization, Snowsight mempool relay services will no longer be paused monday Nov. 25th and will remain operational indefinitely.

Happy Holidays from Chainsight! To celebrate, we are giving away free access to Premium Tier of Snowsight, a mempool streaming and transaction propagation service on Avalanche🔺 C-Chain. Interested? Like this post and comment below!

Happy to see independent analysis proving Snowsight has visiblity into ~95% of the Avalanche🔺 mempool. Want a free Trial of Premium? Repost this tweet and open your DMs.

Repost this tweet for free access to Snowsight Premium, for unmatched access to the Avalanche🔺 mempool ! (Make sure your DMs are open!) Fonex bblinky