
Matt Cutler | Blocknative | Gas Network ⛽️
@mcutler
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Introducing @gasdotnetwork ⛽️: the distributed gas oracle network for wallets, protocols, bridges, & more. CEO & co-founder of @Blocknative.
Joined July 2006
GM frens! Please say hello to Gas Network ⛽️🛜 by @Blocknative: a new distributed gas oracle protocol designed to bring clarity (and sanity) to transaction pricing across all chains. Ready to ditch the gas fee guesswork? 🧵1/10.
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1/14 A new mental model to help wrap your mind around #ERC4337: 4337 adds a new “user intent layer” upstream/on top of the existing transaction flow. The big unlock (for me at least): working backwards from the current Ethereum EOA model. 🧵
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Super excited to share with the community. Ethernow is a step-function improvement for the real-time observability of Web3 systems. And so begins the next leg in our journey….
Introducing – a transaction explorer that allows you to see what is happening at the core of Ethereum, in real-time. You can now observe Ethereum’s beautifully engineered inner workings. It feels alive… and maybe even hypnotic.
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1/ Couldn’t be happier to share that our team at @Blocknative has closed an additional $15M financing to build blocks for Ethereum mainnet. As co-founder & CEO, it is both humbling and satisfying to see it all come together 4.5 years into our journey. 🧵👇
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🚨 On the eve of @ethcc 2024, Ethereum's Private Transaction share has nearly doubled – surpassing 30% of all confirmed transactions for the past two days. This trend appears to be accelerating. Is this good or bad overall? My take: it's both. 🧵
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Ethereum Relay operators be like…. And for more on this topic, check out the @Blockworks_ @thebellcurvepod
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Thanks to everyone who attended my @blocknative ‘Understanding ERC-4337’ speed run session this afternoon here at @EthCC. 🇫🇷 A super fun topic format. Many insightful hallway questions afterwards. Slides available here. #erc4337
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“Something wicked this way comes.” Simulation Platform is a _monster_ release from our team and an important step forward in leveling the playing field across the Ethereum ecosystem. For clarity, we are simulating the entire mempool in *real-time*. 🛳⛴🚢
✨🔮✨. Introducing Blocknative Simulation Platform — a net-new capability for the #Ethereum ecosystem that unlocks profit potential for traders & helps protocols intercept malicious transactions. Read the post and/or read on to learn more 👇.
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So satisfying to ship our all-new homepage. Designed to answer the simple-yet-profound question: “What’s happening on Ethereum _right_now_?”.Looks great on mobile & desktop. Anything interesting happening with the network at the moment? 🤔 Check it out!
Excited to share our most significant update yet to a reinvented homepage designed to up-level your understanding of Ethereum itself with new real-time metrics that provide immediate insight into exactly what is happening on-chain. 1/5
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Really enjoyed this broad ranging conversation on the MEV supply chain, the uncertain economics of operating critical ETH infra, leading wallets & protocols as sleeping MEV giants, Account Abstraction/ERC-4337, + more. Cheers to @MikeIppolito_ @hasufl @Blockworks_ for having me!.
Over $1.3B has been captured in MEV. Who captures this value today, who SHOULD and why?. New episode on MEV economics + relayer monetization with @mcutler 🔥. →→→
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And so begins our journey of constant enhancement to First up: Private Transactions filter, streamlined access to Mempool Data Archive (>8TB of historical data), and dozens of tweaks/fixes. Go hands on and let us know what you think!.
✨New features✨just in time for your holiday enjoyment:. 👉NEW Real-time private tx filtering.👉NEW Instant access to the Mempool Data Archive.🤓And many useful enhancements & fixes…. Learn more below 🧵
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Super fun to share some @blocknative perspectives on block building, PBS, MEV, and what’s next at #DeFiDenver here at @EthereumDenver #sharethemev
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Great post from @SchreckReports in @politico introducing the mempool & pre-chain layer. “When the post-mortems do get written, there’s a good chance they will plumb the depths of the mempool to figure out exactly what happened.” Indeed. #mainstreaming.
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Who’s at #Ethcc2024 and wants to go deep on all things Gas ⛽️⛽️⛽️?. If you see me out & about please say hello! 👋🏼
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Big day for the @blocknative team! Announcing our new financing as well as pushing enhancements to Mempool Explorer and our SDK. Grateful to join forces with new investors @blockchaincap @IDEOVC @coinbase Ventures @IndustryVC (and of course our existing investor @foundrygroup).
Today we're happy to announce $5MM in new financing to scale our mempool data platform. We're excited for the opportunity ahead, thankful for our world-class team, and humbled to now be serving hundreds of projects in production. More here and below:.
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If we’ve learned anything this cycle: NEVER bet against @twobitidiot when he goes all in. 🫡.
For months I've wondered what triggered Selkis to shift from crypto entrepreneur to political mad man. Turns out, there's a method to the madness. @MikeIppolito_ and I sat down with @twobitidiot to discuss this and so much more. We covered:. - Focusing on politics as a
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Some more @blocknative perspectives on Ethereum Account Abstraction via ERC-4337. Cheers to @felixktn from @Cointelegraph for reaching out on this subject. “While anyone can be a Bundler in theory, in reality, being a successful one might be another story, Cutler warned.” Indeed.
Ethereum’s smart account upgrade makes it easier for users but it's not particularly easy to make money by participating in the new network.
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@nanexcool Happy to report that the @blocknative Gas Estimator now includes this view as well! :)
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By popular demand, the @blocknative EIP-1559 Gas Estimator is now available via a Chrome/Brave browser extension. Includes a few clever features that are worth checking out. 👀 Just keep shipping… just keep shipping… 🛳⛴🚢.
⛽️📢 Announcing the Blocknative Gas Estimator Browser Extension on Chrome & @brave. Access our industry-leading Gas Estimator right from your browser — and accurately estimate fees for legacy and EIP-1559 transactions. Learn more and go hands-on:.
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Our team just dropped this massive update to Ethernow Transaction Explorer. Real-time insight into the Ethereum L1 gas market, private vs public transaction flow, ordering by block builders, & much much more. Srsly anon, check it out. Video walkthrough below.
has a fresh look just in time for EthCC ⛽️. All things gas are now that much easier to understand and grasp👇
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Kudos to the @MathWallet team for putting their users first and integrating next generation MEV-aware infrastructure natively into their Web3 wallet. Our view remains: hoping that end-users will get smart about MEV and/or will discriminate between applications based on their.
We're thrilled to announce that MathWallet now supports Blocknative Transaction Boost @blocknative . 💪. Transaction Boost is an MEV protection aggregator that ensures the privacy and security of wallet users and dApps. It shields users from front-running and sandwich attacks
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Super excited to share this update to Mempool Explorer – and a new UI walkthrough tutorial video. Experiencing transaction anxiety? Struggling with gas prices? Curious to know about big transactions involving your favorite tokens and/or liquidity pools? Jump in to MPEX. 🛳⛴🚢
We are excited to announce our largest refresh to Mempool Explorer since launching. It is now easier than ever to watch:.• Your wallet.• Top stablecoins $USDT, $DAI, & $USDC.• Top DEXes . See all the updates in @mcutler's new quickstart video:.
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Looking forward to contributing to Metagame Day at @modular_summit. My session on “Gas Matters: New Sources of Base Fee Volatility” starts at 3:20pm and promises to be 🌶️🌶️🌶️
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Excited that our @blocknative team is leaning in on ERC-4337. Last week we shared our UserOps Explorer: . Today we upgraded Mempool Explorer to provide visibility into pending 4337 EntryPoint Contract transactions: . More to come!.
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I will be delivering the second of my two mempool sessions at the free #liquidity2020 event from .@DystopiaLabs in 25 minutes (!!). This one is titled Mempool Primitives: How This New Class of Money Legos Enables New Experiences & Strategies. Join here:
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Today we dropped another set of enhancements to Ethernow, including cool/useful Shared Filters. For example, click below to observe @ethereum L2 batch transactions settle in real-time for @Optimism @arbitrum @base @LineaBuild @zksync @0xPolygonDeFi
✨Introducing ‘s Latest Updates ✨. 👉NEW Sharable Filters.👉NEW Transactions Since Genesis.👉NEW Address Labeling.🤓And many useful enhancements & fixes. Go on and explore…the inner workings of Ethereum are waiting for you. More details below 👇
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I will be delivering two mempool sessions today at the free #liquidity2020 event from @DystopiaLabs. The first starts in 20 minutes (!!) and is titled Mempool 101: What You Don’t Know Can Hurt You (link to join here: .
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The plot thickens… we at @blocknative continue to uncover interesting/surprising/concerning findings at the intersection of private transactions, OFA’s, and the ever-more vertically integrated block building/MEV supply chain. And we continue to build easy-to-integrate.
MOAR internal back running, jaredFromSubway is a messy eater, TG bot swaps are block builders best friends. Let’s do a deep dive on a brand new bot searching on that sweet sweet private order flow. 🧵. .
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A pleasure to discuss the latest @blocknative research findings on recent increases in Ethereum base fee volatility with @christine_dkim on the Infinite Jungle. Super fun to join a podcast that I listen to regularly! Video here, also available via all major podcast platforms.
base fee volatility is increasing due to a rising share of private txs in ethereum blocks, @mcutler from @blocknative joins me on the Infinite Jungle to explain this phenomena and its consequences if the volume of private txs continues to climb📈.
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Both fun and humbling to see our #Dencun Countdown Timer get referenced widely across the @ethereum ecosystem – by @VitalikButerin (!!) @CoinDesk and plenty of others. 17 hours 25 minutes to go… and counting. Join in here:
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3/ Huge thanks to @blockchaincap, @FoundryVC, Rho, @IOSGVC, @robotventures, @fenbushi, @hack_vc, @IndustryVC, @CooleyLLP, and everyone else who made this raise possible. We deeply appreciate your support and advocacy.
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Could not be more excited for the @blocknative road ahead. @ChrisMeisl and I are humbled to be leading such a capable and committed team of professionals – and am deeply thankful for the opportunity to work with such an outstanding roster of investors. Join us on our journey!.
Happy to announce $12 million in new Series A financing, enabling us to scale our core transaction monitoring infrastructure as well as collaborate deeply with an incredible investor roster of top Web3 operators and thought-leaders. Read on for more, or
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The Ethereum Merge is nigh. Will you survive, thrive, or get left behind? Join me and @blocknative next week @MessariCrypto’s #Mainnet2022 for a stellar panel discussion covering the technical and economic implications of the Merge.
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Absolute banger of a research post from @blairlmarshall: a true deep dive into how the rapid increase in the blob base fee - driven by the brief @blobscriptions mania - impacted different L2 ecosystems in different ways. Recommended reading!
What lessons can we learn from the first congestion event post Dencun? @blairlmarshall’s latest post explores lessons for how the L2 networks may operate during crisis events.
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@anthonykrose @bkiepuszewski @blobscan @_token_flow @etherscan @graphprotocol @blocknative Confirmed. Alpha leak: we are adding full 4844 support to the Ethernow platform, including the Mempool Data Archive. So… researchers will have historical ephemeral blob pool data. That is, all blobs submitted publicly, rather than just those that successfully landed on chain. 🤔.
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@uriklarman NGL this is what keeps me up at night. Misaligned economic incentives crossed with opaque trust relationships == the monster under the bed… well maybe just _my_ bed 😬.
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Dencun readiness for @blocknative:.✅ Ethernow (live in production).✅ Transaction Explorer (live in production) .🔜 Mempool Data Archive . Who else is counting down (up?) to slot 8628176? 🚀.
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Big thanks to @coditch for sharing the video of our UX & Usability Panel from @EthereumDenver – great work @gesq_ @ConsenSys directing the dialog! @tayvano_ @MyCrypto @tomteman @portis_io @lisean106 @fortmatic Jeffrey Vier @ideasbynature @blocknative
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We could not be more excited to launch @Blocknative Mempool Explorer – which makes working with in-flight transaction data easy, fast, and even <gasp> fun. Proud of our entire team on reaching this milestone. Please come check it out! #MPEX #mempool #LaunchDay #somethingnew.
Our team is excited to introduce Mempool Explorer, a net-new way to build real-time streams of in-flight transaction data. Builders & traders can now easily work with live mempool data. Read the blog ➡️ Go hands-on ➡️ Thread ⬇️
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Passport control just now. Agent (serious): Why were you here?.Me: A conference. Agent (serious): Which one?.Me: The #Ethereum conference. Agent (serious): Should I buy it?.Me: … yes?.Agent: Why? .Me: Because it is the future. Buy and hold. Agent (smiling): Ok. You can go.
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While to some extent inevitable – as predicted last year by the crowd at MEVday Paris (hat tip: @thegostep) – I believe that the growth of private transactions brings negative externalities that are already impacting the gas price efficiency of the entire Ethereum ecosystem.
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This evening I decided to start experimenting with @GildedFinance (a happy @blocknative customer!): <30 minutes to a global payments infrastructure. 😲 Integration with $BTC $ETH $USDC wallets. @stripe integration. Banking + accounting. Unified invoicing. So cool, so easy. 🤯.
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A true highlight of @EthCC was sharing the stage at @modular_summit with many of the top researchers and builders in the ecosystem. Thanks to @tzhen for encouraging me to share our most recent findings on Ethereum base fee volatility. Video & writeup here
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Today we are launching a new class of #Ethereum gas estimation service. 100% powered by real-time global mempool data. Data accuracy via an optimized quantile regression model. Precise results at multiple confidence levels. Available via a composable API. More below. 🚢 🛳 ⛴.
We are excited to introduce Blocknative Gas Platform, a new & accurate feed for pricing #Ethereum transaction fees ⛽️. It helps you get your transactions into the next block–without overpaying!. Read the post or explore the thread below to learn more 👇.
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Session 7 by @DrewHarding of @pillarwallet focused on how he and his team at Pillar experimented aggressively with team and product #optimalanxiety #livetweet @meta_cartel 🌶 #demoday #Berlinblockchainweek [ for the record, Drew is a #excellenthuman ]
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You get the idea. Sharing this as part of our ongoing commitment to ensure equal access to pre-chain data across the Web3 ecosystem – leveling the playing field for all participants. And 🫡 to all involved as you navigate these uncharted waters. @blocknative is here to help.
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2/ With this new financing, @Blocknative is positioned to vigorously pursue the block building opportunity – and help drive equitable value recirculation throughout the entire web3 transaction supply chain along the way.
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I recently broached this subject at the @EdgeEsmeralda researchathon hosted by @ethereum @UniswapFND researchers. A handful of us identified several relevant research pathways to explore. Interested to learn more/get involved? Would love to discuss in Brussels @ethcc.
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So great to be here at @Ledger OP3N with @blocknative team @sajidazouarhi @sueyath to support the launch of Ledger Stax
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Very happy to kick off 2023 with the general availability of our public MEV bundle submission RPC endpoint. #buildwithblocknative.
🎉 Searchers can now get their MEV bundles on-chain through the free Blocknative Auction RPC endpoint: 🧵👇
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Oooh. Check out this mind blower from the @GalaxyDigital team: tracks the financial impact of blobs on L2 economics (just keep scrolling).
My favorite dashboard to track all blob-related activity is @hildobby_'s . As per usual, he packs all of the information you need into an easy-to-digest dashboard!. Check it out:
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Ethernow velocity continues to accelerate. Super excited to share our latest enhancements. Are you an L2, L3, application, protocol, intent network, or wallet that ever wonders “what’s happening right now with our system?” Please get in touch. We are just beginning our collective.
✨ Post Dencun Updates ✨. Now that blobs are among us, let's take a look at all the new EIP-4844 features on We are excited about continuing to push the frontier on blob and general mempool observability metrics🧵
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14/14 Review the @blocknative end-to-end overview of ERC-43376 (authored by @ThisIsJoules), which goes deeper into many of the topics covered in this thread, including: .✅UserOperations.✅alt-mempools.✅Bundlers.✅EntryPoint contract.✅Much more.
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A huge thank you to the organizers of #ETHDenver for another spectacular ecosystem event. So so so great to be back and re-connecting with everyone. The @blocknative team is already looking forward to 2023! @EthereumDenver
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11/14 ERC-4337 has implications for the MEV supply chain. Researcher @_danielmarzec on our team recently published his perspectives – very much worth a read.
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Session 14 by @somemikesena of @3boxdb focused on achieving interoperability via decentralized identity standards. #isthisuseful #ifyesfollowme @meta_cartel 🌶 #demoday #Berlinblockchainweek
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@ksaitor @JonnyAustinTX Me: "Hey DappDev. We noticed a bunch of holes in your UX. Here's an audit. We can fix them right quick." 😅. DappDev: "Oh! We had no idea. But we have other priorities ATM." 🤔. Me: "Uh. what could higher priority?" 🙄.
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Finally got around to posting @blocknative's recommended reading list for the crypto-curious. Our standard set of resources for friends and family who are looking to begin their crypto journey but are not quite sure where to start. What did we miss?
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Shoutout to the team @typeform for making it exceptionally easy to downgrade my paid account. Clear options, no obstacles. The service was great for a project… that has since wrapped up. Now I’m _way_ more likely to use and recommend Typeform. Thanks for being awesome! 😎.
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Genuinely excited – and humbled – for @blocknative to guest post in this week's @BanklessHQ newsletter! 😅 "The mempool is a competitive game where winning gets your transaction confirmed as quickly as possible at the lowest fee.".
The mempool is a dark forest. It's filled with money-hungry apex predators. But it doesn't have to be scary. We just need the tools & resources to navigate it. @mcutler shares his knowledge w/ the Bankless Nation. Let's explore the dark forest:.
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4/ As the world increasingly moves on-chain, the @Blocknative team remains committed to contributing meaningfully to the web3 ecosystem through real-time access to pre-chain data, increased transaction transparency, & web-scale infrastructure availability at each and every block.
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Session 9 by @pedrouid of @WalletConnect focused on the rapid progress and growing adoption of the Wallet Connect protocol. #livetweet @meta_cartel 🌶 #demoday #Berlinblockchainweek
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Thanks so much for having me on @BunchuBets @TheMintCond! Was a pleasure to share what we are working on @blocknative and why pre-chain data is relevant to every NFT builder, trader, and marketplace. Thanks as well to your livestream audience for their enthusiasm for this topic.
This is a MUST watch if you’ve ever felt like you’re one step behind the pros during a hype mint!. Serious alpha inside. Thanks so much for the time @mcutler!.
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Unfortunately, many leading L2's wound up in a similar situation, including @base ( @optimism ( @arbitrum ( @Scroll_ZKP ( etc.
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@BeamCTO @EigenPhi @drakefjustin @TimBeiko @sui414 @christine_dkim @uriklarman @ObadiaAlex @0xQuintus @0x81B @thegostep Efficient MEV extraction requires domain expertise, custom software development, etc. AKA it is expensive. The biggest staking pools have the most resources to invest, become the best at it, then offer higher yields – which in turn gives them more resources. AKA centralizing.
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By popular demand: we just added @0xPolygon support to our global mempool data platform. Read on for details, or go hands on today with Mempool Explorer. 🚢⛴🛳.
📣 Today we are excited to announce beta support for @0xPolygon. Now every Polygon builder and trader can get real-time visibility into the #Polygon mempool. 🧵.
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5/ Our amazing team at @Blocknative makes this all possible. I am blessed to work with 40+ incredibly capable, collaborative, low-ego individuals who care deeply about what’s best for the web3 ecosystem.
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Interesting! Everyone can watch Taiko batches hit the mempool & go on chain using @blocknative Transaction Explorer filters: – def click the Blob tab! I just saw one that used 1.56% of available blob space and hence was barely cheaper than using Calldata.
We recently saw @taikoxyz launch as the first Ethereum based-rollup, and it has had a noticeable impact on the Ethereum blob market .Since it will use the L1 as the sequencer it has no pre-confirmations, so batches must be included on the L1 for the user to get transaction
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