Recently, I looked at the AMM curve again, and the more I watch, the more it looks like the reflection on the wet road after rain: you think you're standing still, but when the light changes, the price difference it reflects "pushes" you to other places. Market making is really not just earning passively; the fees are like picking up coins, and impermanent loss is more like a small hole in your pocket, walking along and suddenly realizing you're missing something.

And now, on-chain data tools and various tags are also being criticized for being laggy or even misleading... Honestly, seeing "what smart money is doing" doesn't necessarily mean you can copy their homework. Anyway, I now pay more attention to whether I can accept the deviation caused by that curve when I put funds into a pool, otherwise, it's easy to get emotionally worn down and break down. Let's leave it at that for now.