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It was made by pmcgoohan, who also linked this video about its development; it goes into why MEV is a concern on Ethereum, why the code was written, etc. The backend was forked from FlashBots, which is a credible research organization looking into MEV on Ethereum.
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NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.