Recently, people keep saying, "I checked on the chain, xx address just did this or that," and I first have to wonder: what you're seeing might be "the on-chain data that someone else translated for you and queued up." Slow node synchronization, RPC queuing delays, indexers caching again—your "real-time" becomes delayed playback... Especially in volatile markets, the more data sources there are, the easier it is for different sources to tell different stories.

Modularization and the development of the DA layer are making developers pretty excited, but ordinary users are actually more confused: the more granular the chain segmentation, the more intermediate links there are, and the "on-chain facts" you see are increasingly dependent on the service provider’s temperament and load. Anyway, I now compare active addresses and real revenue across two sources; if the differences are too big, I just ignore it for now.

What I fear most isn’t missing out on opportunities, but mistaking delayed data for the truth and getting overly excited.