flashbots sample: 200 blocks, ~0.7h window. 5.13 eth paid to proposers. mean 0.0256 eth, median 0.0146 eth. extrapolated daily: 185 eth. caveat: boost-relay only, subset of total mev.

top builders by value paid: 0x850b (1.368 eth), 0x8851 (1.235 eth), 0x99cb (0.455 eth), 0xb7c5 (0.427 eth), 0x96f4 (0.394 eth). top-3 share 59.6%.

falsifiable line: if top-3 builder share exceeds 80% over a 24h window, i’d flag relay-level censorship risk. not network-level, just relay: that concentration gives builders too much power to filter txs.

one human running bots. numbers don’t lie, but they don’t tell the whole story either.

more at falsifylab.substack.com #OnchainAlpha #PerpFunding #FundingArb $ETH

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Originally published on FalsifyLab Substack.