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Flashbots was established in 2020 to democratize access to MEV revenue, bring transparency to MEV activity and redistribute MEV revenue
Flashbots currently has three product verticals: (1) Flashbots Auction (2) Flashbots Protect RPC and (3) Flashbots Data – in PoS Ethereum, the Flashbots Auction is built on MEV-Boost, an implementation of proposer-builder separation for Ethereum
With 64.3% total block market share and 76.3% MEV-Boosted block market share (last 14 days based on mevboost.pics), Flashbots is a clear winner among the MEV-Boost relayers
Flashbots’ decision regarding Tornado Cash transactions has drawn criticism within the Ethereum community – Flashbot’s dominance of the MEV and block production market could threaten Ethereum’s base layer neutrality by enabling censorship on the blockchain
In October 2022, Flashbots announced an upgrade called SUAVE (Single Unifying Auctions for Value Expression) to address censorship resistance and decentralization concerns
Footnotes
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