The Unseen Bidding War: Beaver's Craft vs. Titan's Strength
An In-Depth Comparative Analysis of Strategic Bidding and Gas Usage
The The Unseen Bidding War Series:
We’ve analyzed Titan's bidding strategy on the 921 blocks it won. It’s time to check the other 2 of the top 3 builders. We will take a look at BeaverBuild today.
Out of the 1,698,090 bids, BeaverBuild submitted 546,621 records, while Titan had 524,295.
This chart shows the transaction counts from BeaverBuild's bids. The red dots in the chart below are transaction counts of bids for Titan’s 921 blocks.
We can summarize the following points.
Concentration of Bids: Most of BeaverBuild’s bids are between 100 and 400 transactions. There is a significant cluster of around 200 transactions, indicating a strategic focus on this range to maximize the chances of winning. Some bids reach over 500 transactions, although these are less frequent.
The timing of bids is concentrated around T (block creation time) with a peak from T-1 to T+2 seconds. Fewer bids are placed significantly earlier (before T-3) or later (beyond T+3) than the block time.
How is this compared to Titan? The next chart overlaps the data of beaverbuild with Titan’s. The green dots are Titan’s bids.
We can see that:
Both Titan (blue) and BeaverBuild (green) show a high concentration of bids between 100 and 400 transactions.
Titan’s on-chain bids (red dots) are densely packed around the 200 transaction mark, indicating strategic placement within this range.
Most of Titan’s bids are submitted from T-3, while Rsync T-1.
The tails of the two are similar, indicating that both receive similar order flows. However, Titan submits earlier than BeaverBuild.
The following chart is about the gas_used of BeaverBuild’s bids.
The findings are:
The majority of BeaverBuild's bids (blue) use between 1.0 to 2.5 million gas units, into which most of Titan’s on-chain bids (red dots) fall.
There is a noticeable concentration of bids around 1.5 million gas units, indicating a common strategy in the volume of gas used for BeaverBuild’s bids.
Putting the gas_used of Titan and BeaverBuild together, we have the chart below.
The diagram shows that:
The overlap in gas usage and timing highlights that both builders are operating with similar levels of gas efficiency.
This similarity in strategy implies that both Titan and BeaverBuild are likely to engage in direct competition, particularly during the critical time window close to the block creation time.
Last but not least, let’s examine BeaverBuild’s bids’ value, which is shown in the chart below.
Once again, please remember that the data is based on the 921 blocks won by Titan, meaning there is some data gravitation toward Titan.
The diagram shows that:
The majority of BeaverBuild's bids fall within the lower value range of 0-2 ETH.
There are notable clusters of higher-value bids between 6-8 ETH and a few around 12 ETH, suggesting occasional aggressive bidding to secure critical blocks.
Overlapping Titan and BeaverBuild’s bid values, we have the chart here.
The readings are:
Both Titan and BeaverBuild have a significant number of bids within the lower value range of 0-2 ETH.
Titan's bid values are more dispersed across the higher value range (2-12+ ETH) compared to BeaverBuild's more concentrated lower and mid-range values.
Titan places a considerable number of high-value bids (6-12+ ETH), especially close to the block creation time (T).
That’s it for today. We will show you how Rsync versus Titan tomorrow.
The The Unseen Bidding War Series:
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