The brief

Analyst view

• MEV-Boost (Sep 2022) runs in ~90% of Ethereum blocks.
• BuilderNet (Nov 2024) decentralizes builders with TEEs.
• Series B: $60M from Paradigm (Jul 2023).

Technical approach

As reported

MEV-Boost

Proposer-builder separation

Separates validator and builder roles. Validators choose from competing builders, democratizing MEV access.

BuilderNet

Decentralized block building

TEEs run identical builders sharing orderflow safely without collusion.

Transparency

MEV illumination and research

Tools show MEV extraction on blockchains, reducing information asymmetry.