Search Results

Documents authored by Matthes, Florian

Document
DOI: 10.4230/LIPIcs.AFT.2024.22
Who Wins Ethereum Block Building Auctions and Why?

Authors: Burak Öz, Danning Sui, Thomas Thiery, and Florian Matthes

Published in: LIPIcs, Volume 316, 6th Conference on Advances in Financial Technologies (AFT 2024)

Abstract
The MEV-Boost block auction contributes approximately 90% of all Ethereum blocks. Between October 2023 and March 2024, only three builders produced 80% of them, highlighting the concentration of power within the block builder market. To foster competition and preserve Ethereum’s decentralized ethos and censorship resistance properties, understanding the dominant players' competitive edges is essential. In this paper, we identify features that play a significant role in builders' ability to win blocks and earn profits by conducting a comprehensive empirical analysis of MEV-Boost auctions over a six-month period. We reveal that block market share positively correlates with order flow diversity, while profitability correlates with access to order flow from Exclusive Providers, such as integrated searchers and external providers with exclusivity deals. Additionally, we show a positive correlation between market share and profit margin among the top ten builders, with features such as exclusive signal, non-atomic arbitrages, and Telegram bot flow strongly correlating with both metrics. This highlights a "chicken-and-egg" problem where builders need differentiated order flow to profit, but only receive such flow if they have a significant market share. Overall, this work provides an in-depth analysis of the key features driving the builder market towards centralization and offers valuable insights for designing further iterations of Ethereum block auctions, preserving Ethereum’s censorship resistance properties.
Cite as

Burak Öz, Danning Sui, Thomas Thiery, and Florian Matthes. Who Wins Ethereum Block Building Auctions and Why?. In 6th Conference on Advances in Financial Technologies (AFT 2024). Leibniz International Proceedings in Informatics (LIPIcs), Volume 316, pp. 22:1-22:25, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2024)

Copy BibTex To Clipboard

@InProceedings{oz_et_al:LIPIcs.AFT.2024.22,
  author =	{\"{O}z, Burak and Sui, Danning and Thiery, Thomas and Matthes, Florian},
  title =	{{Who Wins Ethereum Block Building Auctions and Why?}},
  booktitle =	{6th Conference on Advances in Financial Technologies (AFT 2024)},
  pages =	{22:1--22:25},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-345-4},
  ISSN =	{1868-8969},
  year =	{2024},
  volume =	{316},
  editor =	{B\"{o}hme, Rainer and Kiffer, Lucianna},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/LIPIcs.AFT.2024.22},
  URN =		{urn:nbn:de:0030-drops-209589},
  doi =		{10.4230/LIPIcs.AFT.2024.22},
  annote =	{Keywords: Block Building Auction, Proposer-Builder Separation, Maximal Extractable Value}
}
Document
DOI: 10.4230/DagSemProc.04441.4
04441 Working Group – Business Models

Authors: Birgitta König-Ries, Franz Lehner, Rainer Malaka, Florian Matthes, Philipp Obreiter, Key Pousttchi, Frank Seliger, Klaus Turowski, and Jari Veijalainen

Published in: Dagstuhl Seminar Proceedings, Volume 4441, Mobile Information Management (2005)

Abstract
This document presents the results from the working group "Business Models" (WG 1) discussing the seminar topic under market aspects. Main objectives were developing a shared view of the field (i.e. matching business, technology and research interests), identifying key players and relations between them (including barriers and lessons learned so far from the 2G/2.5G market), discussing the role of business models and value chains and applying them to P2P-networks. In the concluding round the difference between traditional DB/IS applications and mobile applications is explored.
Cite as

Birgitta König-Ries, Franz Lehner, Rainer Malaka, Florian Matthes, Philipp Obreiter, Key Pousttchi, Frank Seliger, Klaus Turowski, and Jari Veijalainen. 04441 Working Group – Business Models. In Mobile Information Management. Dagstuhl Seminar Proceedings, Volume 4441, pp. 1-6, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2005)

Copy BibTex To Clipboard

@InProceedings{konigries_et_al:DagSemProc.04441.4,
  author =	{K\"{o}nig-Ries, Birgitta and Lehner, Franz and Malaka, Rainer and Matthes, Florian and Obreiter, Philipp and Pousttchi, Key and Seliger, Frank and Turowski, Klaus and Veijalainen, Jari},
  title =	{{04441 Working Group – Business Models}},
  booktitle =	{Mobile Information Management},
  pages =	{1--6},
  series =	{Dagstuhl Seminar Proceedings (DagSemProc)},
  ISSN =	{1862-4405},
  year =	{2005},
  volume =	{4441},
  editor =	{Margaret H. Dunham and Birgitta K\"{o}nig-Ries and Evaggelia Pitoura and Peter Reiher and Can T\"{u}rker},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/DagSemProc.04441.4},
  URN =		{urn:nbn:de:0030-drops-1699},
  doi =		{10.4230/DagSemProc.04441.4},
  annote =	{Keywords: Business Models}
}
Document
DOI: 10.4230/DagSemProc.04441.8
04441 Working Group – Towards a Handbook for User-Centred Mobile Application Design

Authors: Susanne Boll, Martin Breunig, Nigel Davies, Christian S. Jensen, Birgitta König-Ries, Rainer Malaka, Florian Matthes, Christoforos Panayiotou, Simonas Saltenis, and Thomas Schwarz

Published in: Dagstuhl Seminar Proceedings, Volume 4441, Mobile Information Management (2005)

Abstract
Why do we have difficulties designing mobile apps? Is there a "Mobile RUP"?
Cite as

Susanne Boll, Martin Breunig, Nigel Davies, Christian S. Jensen, Birgitta König-Ries, Rainer Malaka, Florian Matthes, Christoforos Panayiotou, Simonas Saltenis, and Thomas Schwarz. 04441 Working Group – Towards a Handbook for User-Centred Mobile Application Design. In Mobile Information Management. Dagstuhl Seminar Proceedings, Volume 4441, pp. 1-8, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2005)

Copy BibTex To Clipboard

@InProceedings{boll_et_al:DagSemProc.04441.8,
  author =	{Boll, Susanne and Breunig, Martin and Davies, Nigel and Jensen, Christian S. and K\"{o}nig-Ries, Birgitta and Malaka, Rainer and Matthes, Florian and Panayiotou, Christoforos and Saltenis, Simonas and Schwarz, Thomas},
  title =	{{04441 Working Group – Towards a Handbook for User-Centred Mobile Application Design}},
  booktitle =	{Mobile Information Management},
  pages =	{1--8},
  series =	{Dagstuhl Seminar Proceedings (DagSemProc)},
  ISSN =	{1862-4405},
  year =	{2005},
  volume =	{4441},
  editor =	{Margaret H. Dunham and Birgitta K\"{o}nig-Ries and Evaggelia Pitoura and Peter Reiher and Can T\"{u}rker},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/entities/document/10.4230/DagSemProc.04441.8},
  URN =		{urn:nbn:de:0030-drops-1662},
  doi =		{10.4230/DagSemProc.04441.8},
  annote =	{Keywords: User-Centred Mobile Application Design}
}
Questions / Remarks / Feedback
X

Feedback for Dagstuhl Publishing


Thanks for your feedback!

Feedback submitted

Could not send message

Please try again later or send an E-mail
© 2023-2024 Schloss Dagstuhl – LZI GmbH Imprint Privacy Contact