Lately I've been thinking about MEV again. Basically, it's about on-chain queuing not being first-come, first-served, with some people able to cut in line. The biggest impact isn't necessarily on the few transactions that get "exploited," but when liquidity is already thin, a few front-runners can cause slippage to spike dramatically, triggering a chain of margin calls and liquidations like dominoes. I just saw a swap where, despite setting a 0.5% tolerance, the final transaction price was nearly 2% off, with two small trades sandwiched in between, from an address that looks like 0x8f3…e21. Do you call that fair? I wish I could, but the reality is whoever gets the order first gets to eat first. What's even more ironic is that the community is still arguing over whether privacy coins and mixing services are "original sins," whether to draw a strict line on compliance or leave some leeway; but for ordinary people, being front-run, forced to exit at high costs—it's almost the same experience as being robbed. Anyway, I now prefer to do less trading, especially when liquidity is drying up, to avoid gambling with luck. Survive first, then think about the rest.

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