Recently, someone again linked ETF capital flows, S&P sentiment, and crypto market rises and falls in their interpretation, which made me a bit tired… Of course, macro influences, but the on-chain main thread is actually more “useful”: after the money comes in, how transactions are queued and how long it takes to truly land.

To put it simply, data availability is like library borrowing records: you first need to confirm that the ledger is truly public and accessible to everyone, otherwise the “returns” you see might just be written in the backend. Sorting is about who gets processed first and who jumps the queue; don’t get overwhelmed by MEV—just understand it as “someone can front-run you.” The finality is even simpler: when can this account be unchangeable? Anyway, when I look at pools/chains now, no matter how good the APY looks, I first ask these three questions to feel more at ease.