New paper drop! "Measuring CEX-DEX Extracted Value and Searcher Profitability: The Darkest of the MEV Dark Forest"🌲 (aka League of Legends on Ethereum! 🎮) Coauthors: @sui414 @soispoke @malleshpai Paper: Thread 👇
8️⃣ Wintermute/rsync dying? hell no! While rsync market share below 5% 📉 Wintermute profit margin rebounded 📈 Their builder competes selectively for only the most profitable blocks, and instead mainly profits as a searcher!
9️⃣ Finally, Builder vs. Searcher profits: beaver/SCP: builder takes a fat cut 🏗️ rsync/WM: profit mainly as a searcher 👀 Titan: no integrated searcher but highest profit → refunding to exclusive providers 🔄
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