As reported by Blockworks, according to data from mevboost.pics, 93% of Ethereum blocks created in the past 14 days made use of MEV-boost, and only five entities were responsible for relaying 98% of the MEV-boosted transaction, per relayscan.io.
On Tuesday, one of the five relayers, Blocknative decided to discontinue its MEV-boost relay. This further increased centralization risk of Ethereum network, as only four relayers remain in the market to propose over 90% of ETH blocks.
Relayers play a pivotal role in settling transactions on Ethereum. They ensure timely and efficient processing, bridging the gap between users and the blockchain by batching and broadcasting transactions.
Following Ethereum’s transition to proof-of-stake, the roles of block proposing – the submission of transaction bundles to validators – and block building – organizing these transactions in a specific order – became distinct processes. MEV-boost software was developed to facilitate an efficient market between these proposers and builders.
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