Priority Gas Auction Cadence and Searcher Competition: Evidence from Flashblocks on Base

Battle Count: 50

Highly relevant for MEV searchers and quantitative traders operating on Layer 2 rollups. It quantifies the impact of block time cadence on transaction costs (priority fees) and execution probability, directly informing latency-sensitive arbitrage strategies and infrastructure investment decisions.

Requires access to high-volume on-chain data (archive node), sophisticated data processing to reconstruct sub-block structures from transaction ordering, and implementation of econometric models (DiD) and auction theory simulations.

The paper provides detailed descriptions of data extraction (using cryo), field definitions, and the heuristic for reconstructing flashblock boundaries from on-chain data. The methodology is transparent, though the specific raw dataset is not explicitly linked as a public download in the provided text, relying on standard archive node access.