The latest report from Eden Network reveals encouraging trends for block builders, with increased profitability and growing competition in the Ethereum ecosystem. Here are the key findings:
- Profitability increased: Adjusted on-chain profit for builders rose by 25% compared to November 2023, reaching 4,113 ETH over the two-month period.
- Market consolidation: While five builders held dominance in November, now four builders capture 92% of total adjusted profit. This indicates strong concentration in the market.
- New builders emerge: Despite consolidation, some new participants like Penguinbuild.org are becoming profitable after initial subsidies.
- Second-price auction: The adoption of a second-price auction model by Ultrasound relay introduces a new challenge for profit calculation and requires additional adjustments to remain accurate.
- Transparency challenges: Fee payer addresses are not publicly reported, making it difficult to fully understand profit distribution.
Head over to the Flashbots forum to read the complete report.
Block Builder Profitability Reports are researched and published by OreoMev on behalf of Eden Network.