# The MEV Letter #79 **URL:** https://collective.flashbots.net/t/the-mev-letter-79/4787 **Category:** The Flashbots Ship **Tags:** the-mev-letter **Created:** [March 18, 2025, 1:39pm UTC](https://collective.flashbots.net/t/the-mev-letter-79/4787 "2025-03-18T13:39:46Z") **Posts on this page:** 1 **Page:** 1
### Author: ![Fred](https://collective.flashbots.net/user_avatar/collective.flashbots.net/fred/32/1288_2.png) [@Fred](https://collective.flashbots.net/u/Fred) #### Post date: [March 18, 2025, 1:39pm UTC](https://collective.flashbots.net/t/the-mev-letter-79/4787/1 "2025-03-18T13:39:46Z")
_ **The MEV Letter** _ is a weekly collection of papers, articles and resources related to MEV. The intention of this letter is to provide a comprehensive summary of the latest research, discussions, and developments in the space, with links for further reading. * * * # Papers & Articles - [Network-level Censorship: Understanding the Problem](https://collective.flashbots.net/t/network-level-censorship-understanding-the-problem/4769) by @Moe examines the challenge of network-level censorship resistance in TEEs, highlighting how hosts retain control over network traffic and can selectively filter, delay, or block communications. - [A TEE-Backed Leader Election Protocol to Minimize Worst-Case Cross-Chain Sequencer Latency](https://collective.flashbots.net/t/a-tee-backed-leader-election-protocol-to-minimize-worst-case-cross-chain-sequencer-latency/4763) by @dmarz outlines a leader-election schedule for High Availability (HA) L2 sequencers using TEEs that minimize worst-case latency between pairs of sequencers across multiple L2 networks. - [Separation Gap, Trusted Advantage, and APS](https://ethresear.ch/t/separation-gap-trusted-advantage-and-aps/21953) by [Tong Cao](https://x.com/0xCaotongtong) and[Julian Ma](https://x.com/_julianma) introduces a framework to categorize and analyze existing Ethereum separation protocols, and discuss how APS can mitigate reliance on trusted entities. - [Liveness Analysis of the Beacon Chain](https://ethresear.ch/t/liveness-analysis-of-the-beacon-chain/21957) by [Pavel Bautista](https://ethresear.ch/u/pavelbautista/summary) and [Dr. Leonardo A. Bautista Gomez](http://leobago.com/) studies the liveness of the Beacon chain from genesis to February 2025 by analyzing head attestation correctness and missed slots. - [The Target Demand Paradox in the Blob Fee Market: An Analysis of EIP-4844 & EIP-7961](https://ethresear.ch/t/the-target-demand-paradox-in-the-blob-fee-market-an-analysis-of-eip-4844-eip-7961/21945) by [Hsiao Po Wen](https://github.com/Xiawpohr) examines how Ethereum’s blob fee market functions under [EIP-4844](https://www.eip4844.com/), and evaluates the economic implications of [EIP-7691](https://eips.ethereum.org/EIPS/eip-7691). - [ELI5: Ethereum Validator Exits](https://hackmd.io/@mikeneuder/eli5-ethereum-validator-exits) by[Mike Neuder](https://x.com/mikeneuder) and[Mallesh Pai](https://x.com/malleshpai) analyzes Ethereum’s validator exit process, its current rate-limiting mechanisms, and changes introduced in Pectra via [EIP-7002](https://eips.ethereum.org/EIPS/eip-7002) and [EIP-7251](https://eips.ethereum.org/EIPS/eip-7251). - [Thread](https://x.com/mikeneuder/status/1901711180416376983) by [Mike Neuder](https://x.com/mikeneuder) - [MEV: Multi-Objective Optimization Unsolved](https://x.com/yzilabs/status/1899812793710493988) by[Siyuan](https://x.com/cyodyssey) and[Dana](https://x.com/danabuidl) describes the MEV landscape across multiple blockchains and the trade-offs between decentralization, efficiency, and user protection. - [ERC-7699: ERC-20 with Transfer Reference Extension](https://research.2077.xyz/erc-7699-erc-20-with-transfer-reference-extension) by [Yiğit Yektin](https://x.com/yigityektin) details [ERC-7699](https://eips.ethereum.org/EIPS/eip-7699), a proposed extension of ERC-20 that introduces a transfer reference feature to improve transaction clarity, traceability, and interoperability. - [Thread](https://x.com/2077Research/status/1900201667062010283) by [2077 Research](https://research.2077.xyz) - [Beyond ZK & Optimistic Rollups: Introducing Based Rollups and Preconfirmations](https://gogol.substack.com/p/beyond-zk-and-optimistic-rollups) by [Krzysztof Gogol](https://x.com/krzysgogol) explores based rollups and their implications on sequencing, censorship resistance, and liquidity. - [Thread](https://x.com/krzysgogol/status/1901554938611740972) by [Krzysztof Gogol](https://x.com/krzysgogol) # Posts & Threads - @ryager published a [thread](https://x.com/0xYager/status/1899957204155064794) detailing how a [sandwiched transaction](https://etherscan.io/tx/0xee9fcd2b9996e96b642cb4cda47fc140f98fdaf07ee02657743d4bfcc4670106) was observed in the public mempool with infinite slippage tolerance, countering claims of illicit activity. - [Barnabé Monnot](https://barnabemonnot.com/) published a [thread](https://x.com/barnabemonnot/status/1900600266518368632) sharing publications and collaborations by [EF Research](http://research.ethereum.foundation/) from the previous week. - [The Latest in Defi Research](https://www.thelatestindefi.org/) published a [thread](https://x.com/thelatestindefi/status/1900573217460285629) highlighting an upcoming paper that analyzes how internalization by professional market makers affects trade execution and market quality on Uniswap. # Talks & Discussions - [Community Call #52: BuilderNet](https://www.youtube.com/watch?v=f6bm5lsHphM) invites @shea to discuss [BuilderNet](https://buildernet.org/), a decentralized block building network for Ethereum that runs on TEEs and shares MEV with the community. - [Post](https://x.com/ethStaker/status/1900545831662485629) by [EthStaker](https://ethstaker.org/) - [The Future of Blockspace Markets](https://lu.ma/ETHGasDenver) hosted by [ETHGas](https://www.ethgas.com/): - [A Convergence of Research, Technology and Markets](https://www.youtube.com/watch?v=4m34wCCkdJI) by[Sam Jernigan](https://x.com/sjerniganiv) - [Panel: Validator Perspectives on Preconfs and Market Structure](https://www.youtube.com/watch?v=PYPYBiNHaeI) with [Drew Van der Werff](https://x.com/drewvdw)[Sébastien Rannou](https://x.com/aimxhaisse), [Matthias Ang](https://x.com/matthiasang), [Ben Rodriguez](https://x.com/0xb17z) and [Reza Sabernia](https://www.linkedin.com/in/reza-sabernia-mba-8940943) - [Panel: Based Rollups, First Users of Preconfs](https://www.youtube.com/watch?v=Xvei4j44tL8) with[Drew Van der Werff](https://x.com/drewvdw), ​[Amir Forouzani](https://x.com/amironchain), [Sam Battenally](https://x.com/sam_battenally) and [Antony Denyer](https://x.com/tonydenyer) - [The Role of Restaking with Proposer Commitments](https://www.youtube.com/watch?v=tS88ZZKOnpU) by[Brandon Curtis](https://x.com/bcmakes) - [Blockspace Markets Today, and Into the Future](https://www.youtube.com/watch?v=8-oblpkvinA) by [Kevin Lepsoe](https://x.com/lepsoe) - [Panel: Buying & Trading Blockspace](https://www.youtube.com/watch?v=CaukdvrHGgo) with [Aryan Sheikhalian](https://x.com/aryonchain), [Kubi Mensah](https://x.com/kubimensah), [Benjamin Hunter](https://x.com/philosowrapter), [Wee Howe Ang](https://www.linkedin.com/in/wee-howe-ang-87710440) and [Eduardo Bermudez](https://www.linkedin.com/in/edubermudez/) - [Thread](https://x.com/ETHGASofficial/status/1899763901241360398) by [ETHGas](https://www.ethgas.com/) - [Based Rollup Summit](https://brs.taiko.xyz/) hosted by[Taiko](https://taiko.xyz/): - [Based Rollup Summit: Opening Speech](https://youtu.be/W2fhzo0EwhQ?si=hpIy-R_WJnTQVDEj) by [Joaquin](https://x.com/joaquin_mendes1) - [The Future of Ethereum & the Role of Based Rollups](https://youtu.be/QpTyBESPzo8?si=BYF1fUJFUHHk55eQ) with[Vitalik Buterin](https://vitalik.eth.limo/), @Tomasz and[Brecht Devos](https://x.com/Brechtpd)​​ - [Designing Surge - Paths to Generalized Stage 2 Ethereum Rollups Keynote](https://youtu.be/3FIkF5kxKqI?si=rm2-H4vFzGocMFCb) by @Tomasz - [Re-defining Based Rollup from the Perspective of Proposer Commitment](https://youtu.be/JEXoRY7Cp04?si=R4MmDgMTSyXWhnIu) by [Harry Gao](https://x.com/0xdabaojian) - [Preconfirmations Demo](https://youtu.be/hNA6ZtI4Anc?si=wzu1r4-0oSZOUsJE) by [Jeff Walsh](https://x.com/Cyberhorsey) - [L1 - L2 Interop & Programmable Block](https://youtu.be/o2tStwI1-ZA?si=yDizJKsDGfaHuc6y) by [Ceciliaz\_](https://x.com/ceciliaz030) - [The Missing Piece for a United Ethereum](https://youtu.be/sXZMQf3LPgM?si=N1mJFzXtBFvI391t) by [Keyao Shen](https://x.com/shenkeyao) - [Preconfirmations and Based Sequencing](https://youtu.be/LrtligYqdVw?si=y6f3-mczEzT2PeaI) by [Irfan Shaik](https://x.com/i_shaix) - [Panel: To Be or Not to Be Based](https://youtu.be/pQhble1Yq5g?si=9ENgJXSihm538hJV) with [Mariano Cortesi](https://x.com/mcortesi5), [Ceciliaz\_](https://x.com/ceciliaz030), [Kaito](https://x.com/coffeetimestw) and Apoorv Anand - [Thread](https://x.com/taikoxyz/status/1899928501605851610) by[Taiko](https://taiko.xyz/) - [Preconf.erence](https://lu.ma/makingethereumfast) hosted by [Primev](https://primev.xyz/): [The Future is Based](https://www.youtube.com/watch?v=6xf7eok8ZuM) by [Alon Muroch](https://x.com/AmMuroch) - [Thread](https://x.com/primev_xyz/status/1901674876915835051) by [Primev](https://primev.xyz/) - [Bankless](https://www.bankless.com/): [The Future of Ethereum Scaling: Native Rollups Explained](https://www.youtube.com/watch?v=0TOnHHnB6Ro) invites [Uma Roy](https://x.com/pumatheuma) and [Justin Drake](https://twitter.com/drakefjustin) to break down native rollups and how they differ from other rollups in terms of security, composability, and scalability. - [Post](https://x.com/BanklessHQ/status/1901604430480568604) by [Bankless](https://www.bankless.com/) - [Deeply Intents](https://x.com/apriori0x/status/1881654337581072843): [A Treatise On Multichain Settlement](https://www.youtube.com/watch?v=5-xEzY16Dm4) invites[Rachin Kalakheti](https://x.com/rachinkalakheti) to discuss multi-chain settlement, decentralized sequencing, ordering policies, and more. - [Thread](https://x.com/apriori0x/status/1901488574031159307) by [apriori](https://x.com/apriori0x) - [FOCIL Break Out Room 6](https://www.youtube.com/watch?v=i2K7TbOHeCk) hosted by [Thomas Thiery](https://twitter.com/soispoke) discussed progress related to the implementation of [EIP-7805](https://eips.ethereum.org/EIPS/eip-7805) and [Dora the explorer](https://github.com/ethpandaops/dora). - [Agenda](https://github.com/ethereum/pm/issues/1363#issue-2910151000) by [Thomas Thiery](https://twitter.com/soispoke) - [Notes](https://github.com/ethereum/pm/issues/1363#issuecomment-2716867583) from [Jihoon Song](https://x.com/jih2nn) - [Thread](https://x.com/jih2nn/status/1899731658649289180) by [Jihoon Song](https://x.com/jih2nn) - [EIP-7732 breakout room #18](https://www.youtube.com/watch?v=Z4u0sJQl3HU) hosted by [Potuz](https://x.com/potuz_eth) discussed the latest related to [EIP-7732](https://eips.ethereum.org/EIPS/eip-7732), and updates to the CL specification. - [Agenda](https://github.com/ethereum/pm/issues/1359) by [Potuz ](https://x.com/potuz_eth) # Other - [Flashbots Rollup-Boost AMA w/ Tools for Humanity building on World](https://collective.flashbots.net/t/flashbots-rollup-boost-ama-w-tools-for-humanity-building-on-world/4765) by @ryager announces an upcoming AMA with [Tools for Humanity](https://www.toolsforhumanity.com/) on the topic of [Priority Blockspace for Humans (PBH)](https://world.org/blog/announcements/reclaiming-blockchain-priority-blockspace-for-humans-launches-world-chain-testnet) on[World](http://world.org/). - [Thread](https://x.com/0xYager/status/1899804625558999441) by [Reid Yager](https://x.com/0xYager) - [How TEE Revolutionize Blockchain Trust and Market Dynamics?](https://eigenphi.substack.com/p/mev-space-3-how-tee-revolutionize-blockchain) by [EigenPhi](https://eigenphi.io/) summarizes a discussion with @shea, [Chua Zheng Leong](https://x.com/melynx), and [Blair Marshall](https://x.com/blairlmarshall) on how TEEs provide confidentiality and integrity guarantees for block building and other applications. - [ethPandaOps](https://ethpandaops.io/) published a [thread](https://x.com/ethPandaOps/status/1900504850472804525) announcing _Hoodi_, a new Ethereum testnet for validator-related testing. - [Post](https://x.com/TimBeiko/status/1900232845194649787) by [Tim Beiko](https://x.com/TimBeiko) * * * ✉ [**Sign up here**](https://flashbots.net/the-mev-letter) if you’d like to get The MEV Letter straight to your inbox! 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