People keep asking me "Isn't on-chain data real-time?"

All I can say is... what you see on the chain might already be queued by nodes/RPC/indexers.
RPCs have their own caches, nodes sync at different speeds, and index services feed data in batches.
Sometimes the active addresses, net inflows, and net outflows you see are delayed by minutes or even longer.
In the group, while discussing stablecoin regulation and reserve audits, people also shout "it's about to de-anchor,"
and when emotions run high, it's easier to focus on a dashboard as if it's the truth.
Anyway, I now look at two sources; if they don't match, I treat it as delay/lost packets first.
Don't rush to draw conclusions... a slower update is also okay.