Block Building & Bank Building: How 2024's Searcher-Builder Wizards Made Your Trading Look Cute
From Million-Dollar MEV Moves to Midnight Toasts: Your Guide to Mastering the Art of Blockchain Brilliance
As the crypto world prepares to ring in the new year, traders are raising their champagne glasses, hoping that MEV opportunities will bring prosperity in 2024. While some dream of midnight countdowns and fresh beginnings, savvy builder-searchers are crafting strategies that sparkle brighter than any New Year's fireworks – after all, Yoink's $2.65M from just 59 blocks sets an inspiring benchmark for what's possible in the year ahead.
As we count down the final moments of this year and welcome the promise of 2024, we're sharing our most-read searcher-builder stories with the hopes they'll inspire your journey to success. From Yoink's masterful block building to c0ffeebabe.eth's strategic brilliance, these stories offer a blueprint for those whose New Year's resolutions include reaching new heights in the MEV landscape.
So pour yourself some bubbly, set your intentions for the year ahead, and join us for a five-part series exploring how some builders transformed their technical expertise into remarkable achievements. Here's to new beginnings, bold aspirations, and the endless possibilities that 2024 holds – may your trading strategies bring you success, prosperity, and breakthrough moments in the coming year. Let's toast to turning your crypto dreams into reality in 2024!
The MEV builder "I can haz block?" (Frontrunner Yoink) demonstrated exceptional profitability by earning $3.5M through sophisticated block-building strategies. The builder specialized in dense block packing with multiple MEV transactions, achieving significant profits through coordinated arbitrage opportunities. Their success stemmed from efficiently combining multiple transactions within single blocks and strategic timing of block submissions, particularly during high-volatility periods. The builder's integration with searcher capabilities gave them a competitive advantage in MEV extraction.
Builder "I can haz block?" (Frontrunner Yoink) demonstrated sophisticated MEV extraction through searcher-builder integration, earning $3.8M in miner tips during August. Their strategy involved:
Dense block packing with multiple MEV transactions
Coordinated frontrunning and backrunning tactics
Strategic timing of block submissions
Efficient combination of searcher and builder capabilities
This integration of searcher and builder roles raised concerns about centralization while highlighting advanced MEV extraction techniques in the Ethereum ecosystem.
The article details how Yoink (operating as both searcher and builder "I can haz block?") executed a remarkable strategy by producing 4 out of 6 consecutive blocks through sophisticated arbitrage. Their key tactics involved:
Using a complex 6-token arbitrage strategy
Packing 274 transactions across the blocks
Outbidding competitors through coordinated builder-searcher operations
Maximizing profits by controlling transaction ordering
This demonstrated the significant advantages of searcher-builder integration and raised concerns about market centralization.
Yoink showcased masterful MEV extraction in August, netting $2.65M from just 59 blocks through sophisticated strategies. The operation leveraged massive flash loans up to 4,251 ETH to exploit 1inch limit orders, while combining white hat security exploits with arbitrage opportunities. Their multi-venue trading approach and dense block packing enabled an impressive 18 ETH average profit per block. This efficiency, far exceeding competitor averages, demonstrated the power of advanced searcher-builder integration and strategic use of DeFi primitives.
Three dominant MEV builders - Titan, BeaverBuild, and rsync - controlled 85% of Ethereum's block-building market. Titan led with a 68% market share, focusing on high-volume, low-margin strategies. BeaverBuild captured 11% through sophisticated backrunning tactics and builder-searcher integration. Rsync maintained a 6% share with specialized MEV extraction methods. This concentration of power raises concerns about centralization in Ethereum's block-building ecosystem, as these builders effectively control transaction ordering and MEV opportunities.
Check out our most-read stories of 2024:
From Jared 2.0, Solana MEV to Searcher-Builder Integration; 2024, What An Impactful Year of Crypto
As the DeFi space evolves, so do the strategies, risks, and opportunities that define it. At EigenPhi, 2024 has been a year of deep exploration into the mechanics of MEV, Builders’ bidding wars, searcher-builder integration, and cutting-edge crypto strategies. Through our Substack, we’ve unpacked the most impactful events and insights that shaped the cr…
Click this link or open https://bit.ly/hfdefi to download the free ebook Head First DeFi, Decoding the DNA of Crypto Transactions & Strategies.
Follow us via these to dig more hidden wisdom of DeFi:
EigenTx | Website | Discord | Twitter | YouTube | Substack | Medium | Telegram