Today I was staring at on-chain transactions in a daze again. About sandwiches, you think you've caught an arbitrage opportunity, but often you're just giving others transaction fees + slippage, while you still happily wait for confirmation... Now I always check the pool depth and the last few trades before placing an order to see if there's a "sandwich" pattern, otherwise it’s easy to become just a small candle on someone else's profit curve.

Recently, the atmosphere of testing net incentives and accumulating points, then guessing whether the mainnet will issue tokens, has been pretty intense. The more people rush in, the more lively the on-chain scene becomes, and it’s easier to be targeted. Basically, the more impatient you are, the more others love you. Anyway, I’m more like a cautious person watching interest rates and liquidation lines, rather than a brave trader rushing on price differences. For now, living is the most important.