The proxy vs packet capture debate is a bit of a non-debate in practice — the moment TLS is on (and it should always be on), packet capture sees nothing useful. eBPF is interesting for observability but it works at the network/syscall level — doing actual SQL-level inspection or blocking through eBPF would mean reassembling TCP streams and parsing the Postgres wire protocol in kernel space, which is not really practical.
I've been building a Postgres wire protocol proxy in Go and the latency concern is the thing people always bring up first, but it's the wrong thing to worry about. A proxy adds microseconds, your queries take milliseconds. Nobody will ever notice. The actual hard part — the thing that will eat weeks of your life — is implementing the wire protocol correctly. Everyone starts with simple query messages and thinks they're 80% done. Then you hit the extended query protocol (Parse/Bind/Execute), prepared statements, COPY, notifications, and you realize the simple path was maybe 20% of what Postgres actually does. Once you get through that though, monitoring becomes almost a side effect. You're already parsing every query, so you can filter them, enforce policies, do tenant-level isolation, rotate credentials — things that are fundamentally impossible with any passive approach.
TLS for your database? Are you connecting outside of the local machine or VPN?
Also, just to add to this, to run compile once and run anywhere, you need to have a BTF-enabled kernel.
You can decode TLS traffic with a little bit of effort, tho you have to control the endpoints which makes it a bit moot as if you control them you can just... enable query logging