Sleator and Tarjan [JACM, 1985] conjectured that splay trees are dynamically optimal -- that on every access sequence, they perform within a constant factor of the optimal offline dynamic binary search tree. Despite four decades of work, no $o(\log n)$ competitive ratio was known. We prove that splay trees are $O(\log\log n \cdot \log^2\log\log n)=\tilde{O}(\log\log n)$-competitive.

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