Only 49% of all Ethereum blocks today were built by block builders that are “OFAC compliant”.
Key TakeawaysThe number yesterday of Ethereum blocks produced using OFAC compliant MEV Boost relays fell below 50%.
The metric reached its peak of 79% on November 21st and has been decreasing steadily since.
OfAC compliant relay Flashbots have been taking market share with non-censorious relays like BloXRoute Max Profit or Ultra Sound Money.
Share this article These relays produced only 47% of blocks on February 13; today, that number is 49%. The Office of Foreign Assets Control (OFAC), citing the use of Tornado Cash as a money laundering tool, added Ethereum-based privacy protocol Tornado Cash on August 8, 2022. Circle and Infura, major service providers, immediately blacklisted Ethereum addresses associated to the protocol. Flashbots, a MEV research organization, also moved to blacklist the protocol’s Ethereum addresses. Flashbots claims it can streamline the process and reduce its negative effects by offering an off-chain block building marketplace, MEV-Boost. The organization’s willingness to comply with OFAC sanctions was met with outcry from the crypto community; in response, Flashbots open-sourced the code for their relay, allowing non-OFAC compliant competitors to efficiently participate in the Ethereum MEV marketplace.Nevertheless, in the two months following Ethereum’s transition from Proof-of-Work to Proof-of-Stake, the number of blocks being built by so-called “OFAC compliant” MEV-Boost relays rocketed from 9% to 79%, prompting censorship concerns from within the community. After reaching a peak on November 21, however, the number of blocks created by censorious relays started to drop. Flashbots created 46% of all MEVBoost blocks today. However, non-censorious relays BloXRoute max Profit and Ultra Sound Money accounted for 23.7% and 16.9% respectively of the MEVBoost market share. Disclaimer: The author of this article owned BTC, ETH, as well as several other crypto assets, at the time of writing. However, information on this website or accessed through it is derived from independent sources that we believe to be reliable and accurate. Decentral Media, Inc. does not warrant the timeliness, accuracy, completeness, or accuracy. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News