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Blocknative MEV Relay Launches to Provide Trusted Transportation of Blocks Between Builders and Proposers in Wake of Ethereum Merge

Blocknative, the real-time Web3 infrastructure company, announces the Blocknative MEV Relay for the new network category of block builders generated by Ethereum’s Merge.

On the verge of the Ethereum Merge, we see a powerful new network actor emerge–the block builder. The migration from Proof-of-Work to Proof-of-Stake separates two critical infrastructure roles—block building and block proposing—in what is known as Proposer/Builder Separation (PBS). Block builders will assemble transactions from the pending transaction pool (mempool) into blocks and relay those blocks to the “proposing” validator. Until PBS is enshrined in the network’s protocol, block relays are fundamental to the proto-PBS created directly post-Merge.

The separation of these two roles significantly reduces the technical requirements for validators while creating a high technical bar for block builders. The process of profitably ordering these transactions into block candidates for inclusion requires real-time access to mempool data, advanced algorithms, and the ability to quickly and accurately simulate prospective blocks. PBS minimizes centralizing pressures by enabling a variety of block builders to connect with validators, opening up new market opportunities. Open MEV-boost relays will play a key role in diversifying block builders.

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Blocknative is proud to contribute to the decentralization of Ethereum block building infrastructure, and the addition of our public block relay reinforces our shared vision of network neutrality. The Blocknative MEV Relay operates in a highly reliable, transparent, real-time blockchain infrastructure. The peer-reviewed, open-source software is now available as a public good. Because of the high degree of trust placed on relays, Blocknative’s relay supports monitoring APIs for maximum transparency to ensure all validators can monitor the relay’s behavior. The relay is easy to use, requiring only one component to stand up and no external services.

Matt Cutler, Blocknative co-founder and CEO, shared, “Decentralization is critical at every level of the Ethereum network – including block building. Today, our team is opening up access to Blocknative’s real-time Web3 infrastructure in an effort to enable virtually any network participant to become a block builder. Ultimately, our goal is to drive block builder diversity and equitable value recirculation throughout the Web3 transaction supply chain.”

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