Oryon
Portfolio indexActive · Series A · 2021
ActiveEmerging primitives

Flashbots

CategoryMEV · Infra
HeadquartersDistributed
FoundersPhil Daian, Stephane Gosselin
— Overview

Flashbots is the core research and infrastructure organization for the MEV (Miner/Maximal Extractable Value) supply chain on Ethereum. The team's academic research established MEV as a formal concept, and their reference implementations (MEV-Boost, MEV-Share, SUAVE) now underpin the entire Ethereum block-building ecosystem.

MEV-Boost, the flagship product, processes 90%+ of all Ethereum blocks — an infrastructure position that would be impossible to replicate. The organization has deliberately structured itself as neutral, non-extractive infrastructure to preserve legitimacy across validators, builders, and searchers.

SUAVE, the sovereign mempool platform in staged mainnet rollout, extends the same neutral-infrastructure design to cross-chain MEV coordination. It represents the next phase of the organization's mission to democratize MEV.

— By the numbers
90%+
MEV-Boost share
16M+
Blocks processed
35
Researchers
2020
Founded
— Investment
Round
Series A 2021
Our role
Lead
Check size
$6.5M
Co-investors
Paradigm · Variant · 1kx
Board seat
Tom Schmidt
— Our thesis

The core research and infrastructure organization for the MEV supply chain. We led the Series A on the conviction that MEV is a durable primitive that requires neutral infrastructure.

— Team
PD

Phil Daian

Chief Scientist & Co-Founder
SG

Stephane Gosselin

Co-Founder
H

Hasu

Strategy Lead
RM

Robert Miller

Head of Product
— Timeline
  1. 2020Founded as MEV research collective
  2. Q3 2021Oryon leads Series A
  3. Q3 2022MEV-Boost live for The Merge
  4. Q2 2025SUAVE staged mainnet rollout
— Latest update

SUAVE mainnet in staged rollout. MEV-Boost still processes 90%+ of ETH blocks.

— In the press

Flashbots is the closest thing crypto has to a Bell Labs.

Vitalik Buterin, 2023