Last night I stayed up until 3 a.m. on the blockchain again, and the more I looked, the more annoyed I got... MEV this kind of "cutting in line," honestly, means someone sees it first, queues up first, and your transaction price gets squeezed, or the slippage just becomes larger. The biggest impact doesn't seem to come from big players, but rather from small traders who honestly use default parameters and are inexplicably "optimized" out.

These days, the group is still arguing whether the extreme funding rate is a reversal or just more bubble squeezing. I’m actually a bit slow to catch on; seeing a bunch of screenshots doesn’t really give me much feeling... What I care more about is why, on the same chain and for the same swap, some people can always be half a second faster than you. The word "fairness" is quite idealistic, but at least don’t make me feel like I’m gambling against an invisible person every time I place an order. Anyway, I’d rather do less now than get so frustrated from being cut in line.