Lately, I've been watching on-chain swaps and it's getting a bit frustrating: watching each "arbitrage" transaction, honestly, many times it's just a sandwich taking a toll fee, you think you've caught an opportunity, but in reality you're just paying others' transaction fees... Last week, I was tempted to join for the third time, but in the end I held back, preferring to hedge in perpetual/option positions, at least the slippage and being squeezed don't feel so mystical. By the way, the hardware wallet shortage is also quite surreal, phishing links are everywhere, the more this happens, the less you should rush to click on "airdrops/migrations," if you haven't made a profit, handing over your private keys first is no joke. That's all for now, less activity today.