Providers

The Providers leaderboard is Circular’s real-time ranking of transaction providers on Solana, built to answer one simple question: Which providers broadcast the most valuable transaction flow and what kind of flow is it?

This page documents how the leaderboard works, what each metric means, and how to interpret the drill-downs.

What Providers measures

Circular ranks providers using verifiable on-chain outcomes, computed in real time:

• Economic outcomes: tips, fees, and their distribution

• Execution footprint: volume, transactions, wallets

• MEV flow attribution: how much MEV/arbitrage-related value is carried by a provider

• Quality signals: efficiency indicators to compare providers under real conditions

Unlike surface metrics (headline volume, “activity”), Providers is grounded in what actually executed on-chain and what was actually paid.

What you see on each provider

Each row/card represents a provider, with a snapshot of its footprint and outcomes:

Identity

• Provider name + branding (when known)

Economics

• Total Tips

• Total Fees

• Fees/Tips Ratio (The average allocation of users for their transactions, for example 30% fees and 70% tips to the provider)

Flow & activity

• Volumes

• Transactions

• Wallets

MEV breakdown

• MEV Tips

• MEV Fees

• MEV Revenues

Efficiency

• Efficiency (A score given by Circular based on MEV revenues to rate providers efficiency)

Metric definitions

Below are the typical meanings used in the leaderboard:

• Total Tips: total tips attributed to transactions broadcast through the provider (over the selected window).

• Total Fees: total transaction fees (priority fees) attributed to transactions broadcast through the provider (over the selected window).

• Fees/Tips Ratio: the split between attributed fees and attributed tips (useful to understand whether the provider’s flow is tip-heavy or fee-heavy).

• Volumes: total value moved through transactions attributed to the provider.

• Transactions: number of transactions attributed to the provider.

• Wallets: unique wallets interacting in the attributed flow.

• MEV Revenues: verifiable arbitrage/MEV outcomes attributed to the flow carried by the provider (MEV value observed in the transactions it helped land, not necessarily revenue earned by the provider itself).

• MEV Tips: tips associated with MEV/arbitrage transactions attributed to the provider’s flow (including cases where the tip did not go through Jito).

• MEV Fees: transaction fees (priority fees) collected by the validator on MEV/arbitrage transactions attributed to the provider’s flow.

• Efficiency: a score given by Circular based on MEV revenues to rate providers efficiency

(Exact availability can depend on the time window, indexing completeness, and whether a subset like MEV is detectable for that flow)

Ranking logic

Providers are ranked by their generated economic outcome, based on Total Tips + Total Fees.

View Details

Clicking View Details expands a provider into a drill-down that makes the leaderboard auditable.

Top Earning Wallets

You’ll see a table such as:

• Rank

• Type

• Wallet

• Tips

• MEV Revenues

• Volume

• Transactions

• Best TX (Transaction that generated the highest tips for the provider)

This answers:

• What revenue do providers generate?

• Which wallets monetize this provider’s flow the most?

• How much MEV value transited through this provider?

• What do the best transactions look like (tips / MEV outcome / volume)?

• Is the value concentrated or widely distributed across wallets?