蓝狐|10月 31, 2026 06:07
Interestingly, in terms of protocol revenue,
a Titan Builder's revenue exceeded the Ethereum chain's own protocol revenue.
After Ethereum scaled up, the high-value portion was initially taken by the builder layer (especially top players like Titan).
According to DefiLlama data,
Ethereum chain revenue (base fee + blob fee burned portion):
Approximately $500,000 in the last 24 hours;
Approximately $7.6 million in the last 30 days.
Titan Builder Revenue (net income after deducting bids paid to validators):
Approximately $6-7 million in the last 24 hours;
Approximately $26.3 million in the last 30 days.
Titan accounts for approximately 50%+ of the MEV-Boost block share, and together with Quasar and others, the top players account for the vast majority.
Titan has made a significant profit.
According to DefiLlama data:
Cumulative protocol revenue is approximately $161 million (net revenue after deducting bids paid to validators).
Cumulative fees are approximately $306 million.
October's performance was particularly impressive:
During the arbitrage frenzy triggered by the Binance hack,
daily protocol revenue surged to approximately $22.8 million,
even surpassing Tether's daily revenue at one point.
October 2026 to present:
Fees are approximately $39 million,
Revenue is approximately $32.65 million.
Annualized revenue is roughly in the $120 million range.
However, it is highly volatile. Revenue depends on market fluctuations and arbitrage opportunities; October is peak season for Titans (Taiwanese financial institutions).
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