Merkle
Merkle (operating as Blink) is a B2B blockchain infrastructure company that provides a private mempool and MEV protection platform for cryptocurrency wallets and RPC providers across six chains, processing 15M+ transactions daily since its 2023 founding.
- Company typePrivate
- Founded2023
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Merkle does
Merkle operates the merkle.io platform under the brand Blink (legal entity BL Research Limited, registered in England and Wales; firmographics also list New York, US). Founded in 2023 by a team of engineers including CEO Théo Powers, the company provides a B2B private mempool and MEV (Maximal Extractable Value) protection infrastructure for cryptocurrency wallets and RPC providers. Blink's core technology is a private mempool built on Reth, the Rust-based Ethereum client, that minimizes time between transaction submission and finalization while protecting users from front-running and sandwich attacks. The platform supports six chains — Ethereum, BSC, Polygon, Base, Solana, and Arbitrum — and operates at 4,000+ RPS with a P95 response time under 150ms and a 99.99% uptime SLA.
Blink monetizes primarily through revenue sharing on MEV opportunities ethically extracted from protected order flow, passing up to 90% of MEV value back to customers (wallets and RPC providers). A secondary revenue stream is usage-based pricing on commercial RPC tiers above the free 25 RPS threshold. The company has launched an additional Gas Sponsorship product that uses MEV recoveries to fund user gas fees across EVM and Solana networks. Distribution is API-first and self-serve, with a plug-and-play RPC URL enabling integration in approximately one week, supplemented by an enterprise sales motion for high-volume customers. Marquee customers include Coinbase, Binance, Trust Wallet, Rabby, Ledger, 0x, Bitget, Zerion, SafePal, and Rainbow Wallet. The firm operates with a lean team (1-10 employees), processes 15M+ transactions daily, and has settled 4B+ cumulative transactions through its private mempool.
Merkle firmographics
Firmographics- Name
- Merkle
- Legal name
- BL Research Limited
- Website
- https://merkle.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Merkle (operating as Blink) is a B2B blockchain infrastructure company that provides a private mempool and MEV protection platform for cryptocurrency wallets and RPC providers across six chains, processing 15M+ transactions daily since its 2023 founding.
- Ownership category
- akta.pro rank
Merkle industry classification
Industry- Product category
- Blockchain Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- MEV Infrastructure (Relays, Auctions, Protect, Searchers) (FSADABAH)
- akta.pro secondary industry
- MEV & Transaction Supply Chain Tooling (bundlers, private mempools, builders) (FSAPABAL)
Keywords
Where Merkle is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Merkle business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- MEV Revenue Sharing: Blink monetizes MEV opportunities through its private mempool and shares refunds (up to 90%) with customers. Revenue generated per Ethereum transaction typically ranges from $0.20-$0.30. This is the primary revenue stream for wallets and RPC providers using the platform.
- RPC Services (Commercial Tier): Free tier offered up to 25 RPS (requests per second). Commercial plans available for higher RPS requirements. Revenue generated from usage-based pricing on premium tiers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier with 25 RPS limit |
| Usage-based | Pay-as-you-go | Commercial tier for higher volume |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Merkle product offering
Product offeringCore offering
Merkle operates the Blink platform, a private mempool service that provides MEV (Maximal Extractable Value) protection and order flow monetization for cryptocurrency wallets and RPC providers. The platform captures MEV opportunities and shares up to 90% of the value back to customers while protecting transactions from front-running and sandwich attacks. It supports multi-chain RPC endpoints (Ethereum, BSC, Polygon, Base, Solana, Arbitrum) with gas sponsorship and enterprise-grade APIs.
Product overview
Blink (merkle.io) is a unified MEV protection and monetization platform that offers a portfolio of products for wallets and RPC providers. The core offering consists of a Private Mempool that handles over 15 million transactions daily across Ethereum, BSC, Polygon, Base, Solana, and Arbitrum. The platform provides free RPC endpoints for Ethereum and BSC with built-in MEV protection and up to 90% MEV refunds. An add-on Gas Sponsorship feature allows paying for gas with MEV recoveries. All products share the same infrastructure for transaction processing, MEV extraction, and privacy protection, with revenue generated through MEV + Gas Refunds per transaction.
Differentiator
Problem solved
Functional benefit
Brands
- Blink: MEV protection platform for wallets and RPC providers, offering private mempool services and gas sponsorship solutions.
Products and services
- Blink Private Mempool A private mempool service that minimizes the time between transaction submission and finalization, providing near-instantaneous processing while protecting against MEV attacks such as front-running and sandwich attacks. Supports Ethereum, BSC, Polygon, Base, Solana, and Arbitrum networks. Built for crypto wallets and RPC providers as a B2B infrastructure layer.
- Ethereum RPC Endpoint A free Ethereum RPC endpoint offering MEV protection with up to 90% MEV refunds to customers. Provides the highest level of protection against MEV attacks with free access up to 25 requests per second (RPS), with commercial tiers available for higher volume needs. Designed for wallets and applications integrating Ethereum transaction infrastructure.
- BSC RPC Endpoint A free BSC (Binance Smart Chain) RPC endpoint with guaranteed transaction security and MEV protection. Offers up to 90% MEV refunds with no IP tracking, cookies, or data sales. Free access up to 25 RPS with commercial tiers for higher volume.
- Gas Sponsorship
Quantifiable outcome
- $0.20-$0.30 revenue per Ethereum transaction
- +5 more outcomes
Companies that use Merkle
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Merkle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature7 records
Merkle partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Reth (Rust Ethereum)coreReth is the Ethereum client powering Blink's infrastructure, described as the fastest Ethereum client. This is a core technology dependency enabling Blink's high-performance RPC endpoints and private mempool operations.
- Block Builders (Major Block Builders)coreBlink works closely with all major block builders to guarantee next block inclusion. This partnership ensures that protected transactions are included in blocks without delay while maintaining MEV protection.
Scale indicators7 records
Recent moves5 records
Expansion highlights6 records
Merkle competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Merkle social profiles
Digital presenceMerkle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Merkle leadership team
Management profileNumber of profiles
Profiles1 record
Merkle funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Merkle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Merkle
What does Merkle do?
Merkle operates the Blink platform, a private mempool service that provides MEV (Maximal Extractable Value) protection and order flow monetization for cryptocurrency wallets and RPC providers. The platform captures MEV opportunities and shares up to 90% of the value back to customers while protecting transactions from front-running and sandwich attacks. It supports multi-chain RPC endpoints (Ethereum, BSC, Polygon, Base, Solana, Arbitrum) with gas sponsorship and enterprise-grade APIs.
Is Merkle a public or private company?
Merkle is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Merkle founded?
Merkle was founded in 2023. It employs 11 to 50 people.
Where is Merkle based?
Merkle is headquartered in New York, United States, in the North America region.
How does Merkle make money?
Two revenue lines are on record. MEV Revenue Sharing is the primary driver. The others are RPC Services (Commercial Tier).
Does Merkle have an API?
Yes. Blink provides a plug-and-play RPC URL for integration. The platform offers enterprise-grade APIs to control the entire transaction lifecycle, including dashboards, audit logs, and advanced API access. Integration typically takes maximum 1 week with thorough testing. Developer documentation is at docs.blinklabs.xyz.
What industry is Merkle in?
Merkle's product category is Blockchain Infrastructure. Its primary akta.pro industry code is FSADABAH, MEV Infrastructure (Relays, Auctions, Protect, Searchers), with a secondary code of FSAPABAL, MEV & Transaction Supply Chain Tooling (bundlers, private mempools, builders). Its NAICS code is 518.