Just woke up and checked the blockchain again, and I saw a bunch of "cutting in line" traces. MEV, to put it simply, is just about who is better at playing the love game with sorting rules. Ordinary people think they just clicked a swap on the chain, but by the time the block is mined, it’s already become someone else’s sandwich cookie: you pay a bit more slippage, I take a bit less output, and the profit is moved away. The most awkward part is you can't blame anyone; the rules are right there, everyone is fighting for the front row.

Airdrop season also feels similar... task platforms constantly fight off witches and run point systems, grab-the-coin enthusiasts compete like they’re at work, and in the end, more on-chain operations lead to more "ingredients" sent to those cutting in line. I now find perpetual hedging more reassuring than on-chain spot trading; at least the harvest is a transparent fee, not an invisible queue game. Anyway, fairness on the chain sounds a bit like a luxury.