Performance Benchmark

In the following paper, we perform an empirical comparison of four major MEV protection RPCs—MEV Blocker, Flashbots, Blink, and Merkle—by evaluating their execution quality for the exact same transactions. Through a systematic analysis of transaction outcomes, we examine how their different OFA designs impact user benefits, shedding light on how order flow providers should carefully pay attention to marketing claims and thoroughly review to whom they are sending their transactions to.

From these comparisons, we can rank each RPC service provider based on the different metrics. MEV Blocker stands out for being the only RPC that is either the best or among the best in all metrics. Flashbot ranks similarly or just below MEV blocker in time to inclusion and backrun value. However, its execution price is the lowest among all RPCs. Finally Merkle and Blink both generate very low rebates. Also, Merkle stands out for its low success rate.

If you want to dig deeper on the study, make sure to read each of the categories of the study, or alternativly here is the full paper:

Private MEV Protection RPCs: Benchmark Study.

📄️ Backrun Quality

First, we measure the backruns generated by the RPCs:

📄️ Inclusion Speed

We now consider the number of blocks between submission and inclusion for the transactions

📄️ Swap Price Improvement

Then, we focus only on the swaps and start by observing the quality of the execution which

📄️ Success Rate

We define the success rate as the number of transactions that were successfully executed