Mining data reveals Flashbots build over 80 percent relay blocks

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According to recent mining data, Flashbolts build more than 80 percent of Ethereum relay blocks. Flashbots is a centralised entity that acts as a relay for delivering Ethereum blocks and is dedicated to transparent and efficient Maximal Extractable Value (MEV) extraction. This has heightened community concerns about centralisation. It also raised concerns about the ecosystem's single point of failure.

Seven active relays have been found to deliver at least one block. Flashbots are in control of these relays. This has resulted in 81.70 percent of the blocks being delivered. BloXroute Max Profit, BloXroute Ethical, BloXroute Regulated, Blocknative, Eden, and Manifold are the other active relays. It is worth noting here that Ethereum's transition to proof-of-stake has been relatively trouble-free. However, the community is growing increasingly concerned about the centralisation of players involved in blockchain network block construction.

Proponents of Flashbots argue that the system is a decentralised autonomous organisation (DAO) that will eventually decentralise itself. However, the need for a complete redevelopment of Flashbots or a similar system to mitigate unforeseen complications in the post-Merge era is obvious. On September 15, it was reported that two wallets handled 46.15 percent of all Ethereum transactions.

Crypto market intelligence platform Santiment tweeted regarding this, "According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."

Gnosis co-founder Martin Köppelmann said in a public statement that the two wallets belonged to Lido and Coinbase. He tweeted, "Out of the last 1000 blocks, 420 have been built by just Lido and Coinbase."