Lately, watching that on-chain "cutting in line" scheme, it increasingly looks like a market stall occupying space: you think you're lining up in order to swap tokens, but someone is giving tips to miners/validators, sneaking your order and eating it first. The ones most affected aren't the big whales; they can handle being snatched, but it's us small traders doing small swaps and LPs trying to earn some fees slowly—slippage is huge, and the transaction price gets skewed. The small fee we earn in a day is halved, and impermanent loss just adds a little extra.

Not to mention, some so-called "fair ordering" claims sound nice, but in practice, it all comes down to who can be faster and who can write better scripts. Recently, social mining and fan tokens have become popular; attention can be mined too, which sounds lively, but the more concentrated the on-chain attention, the easier it is to be targeted for cutting in line... Anyway, my current approach is to chase fewer hot topics, split orders, and choose pools with high liquidity as much as possible—don't compete head-to-head with bots. We'll see. That's all for now.