Staring at those "cutting in line" traces in the blockchain all afternoon, my eyes are so sore I feel like I'm watching an endless, misaligned spreadsheet. Honestly, when it comes to MEV/ordering, the ones truly hurt are not the loudest protesters, but the ordinary traders, copy traders, and even those on the edge of liquidation who think "just trade at my specified price"—when you're filled with an extra order, slippage becomes an invisible tax, and protocol revenue might not increase much.



Recently, everyone has been comparing RWA, U.S. Treasury yields, and on-chain yield products. I can understand that, but don’t forget: sometimes the "yield" on-chain isn’t interest; it’s the extraction of value through ordering rights... Whether it's fair or not, at least we need to understand whose pocket the money is coming out of. Anyway, when I look at projects now, besides buyback and switch proposals, I also check whether they’re benefiting from this in the trading path. That’s all for now.
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