The Costs of Swapping on the Uniswap Protocol

We present the first in-depth empirical characterization of the costs of trading on a decentralized exchange (DEX). Using quoted prices from the Uniswap Labs interface for two pools — USDC-ETH (5bps) and PEPE-ETH (30bps) — we evaluate the efficiency of trading on DEXs.

@soispoke.eth tweeted...

“ I compared both datasets on the same day, hopefully it can make it a bit easier to navigate. ”

Quick notes on Blocknative vs Mempool Dumpster data initiatives

Blocknative (BN) Mempool Data Program and Flashbots Mempool Dumpster (MD) are two recent initiatives aimed at open-sourcing Ethereum mempool data. In this short report, we analyze and compare both datasets to highlight their key differences and foster data initiatives within the community.

@nero_eth tweeted...

“ The data for the chart was outlier-corrected mainly to account for txs laying in the mempool for hours/days, not being able to pay for the basefee, or for other any reasons. The mempool data used to capture the time delta was collected by @blocknative. ”

The False Narrative of MEV Protection

Private transactions have taken off across the Ethereum ecosystem. In the graph below you can see that private transactions have been steadily growing post-Merge from ~5% to nearly 15% of all smart contract interactions today, with a large jump around April and May. The reason for many of these private transactions is to protect users from being frontrun by MEV bots that target their transactions in the public mempool.

Quick notes on Blocknative vs Mempool Dumpster data initiatives

Blocknative (BN) Mempool Data Program and Flashbots Mempool Dumpster (MD) are two recent initiatives aimed at open-sourcing Ethereum mempool data. In this short report, we analyze and compare both datasets to highlight their key differences and foster data initiatives within the community.

@blairlmarshall tweeted...

“ Most people understand there are trust relationships while using OFAs and private endpoints, but what does this look like in the presence of a vertically integrated builder? ”