One year after the Ethereum merger, about 90% of blocks rely on MEV-Boost as infrastructure, behind which are Flashbots valued at $1 billion. Regarding this technical topic, since the largest upgrade in the history of the Ethereum system in September last year, that is, the merger event from PoW to POS, MEV has now become extremely complicated, involving only non-user roles such as Searcher, Builder, and Relayer , Validator, Proposer, they work together in this 12-second block time to compete with each other in an intricate manner, just to seek their own maximum benefits.

So, how big is its market profit potential? According to data from MEV-Explore, from December 2019 to before the merger (September 15, 2022), MEV on Ethereum has accumulated a staggering $673M. And with the first anniversary of the merger of Ethereum, what kind of competition pattern and revenue scale will the MEV track usher in? This research report will comprehensively dismantle the historical evolution of MEV in an in-depth and simple way, and compare and analyze the future development trend of MEV through historical trajectories, multi-party data verification revenue changes before and after the merger, typical attacks and classification methods, etc.