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Hola de Colombia! Lots of great talks and people. Dose of DeFi will be off next week but back the week after

Two charts from Flashbots that explain why MEV-Boost is now being run on 56% of ETH validators, and in just the last day validators running MEV-Boost have proposed 45% of blocks on Ethereum.

Flashbots – or more specifically MEV-Boost – has been the hot topic at Devcon and has basically dominated all Ethereum conversation since the Merge. Concerns about centralization have bubbled up within the Flashbots team, while others have criticized the move to produce OFAC-compliant blocks. Just last week @thegostep, a Flashbots co-founder, announced he was stepping back from the project.

No matter how idealistic ETH validators are, the charts above show the underlying economic forces that is driving the centralization of block production. We remain convinced that MEV is the biggest challenge to fulfilling blockchain’s vision of providing permissionless and fair access to the network for all users. Check out the ETH research discussion on moving to an open research and development process for MEV-Boost.

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That’s it! Feedback appreciated. Just hit reply. Written in Nashville, where the leaves are beginning to change but there’s still a lot of sunshine.

Dose of DeFi is written by Chris Powers, with help from Denis Suslov and Financial Content Lab. Caney Fork, which owns Dose of DeFi, is a contributor to DXdao* and benefits financially from it and its products’ success. All content is for informational purposes and is not intended as investment advice.