We have been experimenting with TEEs to allow searchers to backrun private transactions, but programmatically restrict them from sandwiching or exporting private data. We're excited to bring this to L2s with a next-generation MEV auction!

Today, we introduce a new thesis: MEV has become the dominant limit to scaling blockchains. Spectacularly wasteful onchain searching is starting to consume most of the capacity of most high-throughput blockchains. This is a market failure we can no longer ignore.

We put 3face's entire bot inside TDX to trustlessly capture bottom-of-block arbitrages on rsync-builder without frontrunning risks. No code changes, 440 bundles landed. Introducing the first evolution of searching in TDX: bob