I used to think that on-chain was just "whoever sends first, arrives first," but after looking into MEV, I realize that many times it's not that you're slow, but that someone is cutting in front of you, sneaking in, and then moving on. The biggest impact usually isn't from large whales, but from small traders swapping tokens or executing strategies: slippage inexplicably increases, the transaction price always falls just short, and afterward you think it was just your hand trembling.

Recently, everyone has been talking about staking unlocks, token unlock schedules, and the anxiety over selling pressure. I believe that besides supply changes, we should ask: on the day of unlock, who can be faster, and who can get better transaction ordering? In other words, fairness isn't just a slogan; it's about who in the exchange/front-end/ routing/block production chain has gained priority in the dark. Anyway, now I tend to check the transaction path more carefully before placing an order; if something seems unreasonable, I ask. If I can avoid chasing and squeezing, I avoid squeezing.