ChainFeeds PRO Covers Builder Economics, EIP-7999 and Native Ethereum Delegation
ChainFeeds Research’s PRO #155 rounds up updates across Bitcoin protocol work, Ethereum governance topics, new research, and fresh papers. The issue centers on the supply side of Ethereum block building, a proposed way to handle gas accounting under EIP-7999, and Native Ethereum Delegation (NED), a protocol-level design for staking delegation. It also includes Bitcoin quantum-recovery ideas, a Lightning Network congestion proposal, Bitcoin Core release changes, and several MEV and proof-system research notes. On the builder side, Christoph Rosenmayr and Jascha Samadi argue that the scarce asset is not block count but valuable orderflow. Their Dune-based data shows validators have earned about $1.36 billion in execution-layer rewards via MEV-Boost since early 2024, while builders kept about $404 million in builder surplus. Titan, they say, now builds around half of blocks yet captures roughly 80%–85% of surplus. The Bitcoin section includes Shinobi’s view that users who still control private keys should be able to recover BTC locked to hash-addresses without protocol-level confiscation of long-dormant coins. It also covers Bitcoin Optech’s CMTC proposal, Bitcoin Core’s new static Linux binaries, and a change that moves transaction relay throttling from per-peer queues to a global limit. On Ethereum, Anders Elowsson lays out four accounting paths for EIP-7999, while Jeff’s NED research proposes protocol-routed delegation with a worst-case concentration bound. The issue also highlights ragged multi-instance GKR for Poseidon2b, MEV articles and conference videos, and a censorship paper from Derivation Technology, Aarhus University, and Nanyang Technological University.








