2 papers
cs.GT2026
Towards Decentralized Searcher Competition in MEV Markets
Roozbeh Sarenche, Yunwen Liu
Centralization in maximal extractable value (MEV) markets is a significant concern for blockchain systems, as persistent concentration of economic power can weaken competition, red…
cs.CR2026
Order Flow Exclusivity and Value Extraction Mechanisms: An Analysis of Ethereum Builder Centralization
Ao Zhang, Yunwen Liu, Ren Zhang +2
This study investigates the rapid centralization of the Ethereum builder market under the Proposer-Builder Separation (PBS) architecture. We argue that existing research, by focusi…