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Just now I exchanged a small amount on the chain, and when I checked the transaction details, hmm... I was again caught in a sandwich, like waiting in line to buy coffee and someone cutting in front of me and casually taking my change.
Sandwiches, honestly, you think you're grabbing an opportunity, but most of the time you're just paying others' fees + tuition.
My current mindset towards arbitrage is quite relaxed: truly stable advantage holders wouldn't be loudly shouting in visible places; the "opportunities" you see might just be scripts that others have already written and are waiting for you to confirm.
Recently, during the airdrop season, the task platforms are making it look like clocking in for work, with points systems becoming more competitive and anxiety-ridden...
Anyway, I prefer to go slower, watching real usage on L2 and developer activity, doing fewer trades, taking fewer hits.