Last night, I was educated on the blockchain "cutting in line" again: I clearly pressed the button, but the transaction price ended up being pushed from behind... To put it simply, MEV isn't just about arbitrage; it's more about taking away the little bit of certainty that ordinary people have. You think you're competing with the market, but you're actually competing with the ordering rules first, especially in small-cap situations where a slight slippage can blow your mindset.

Today, the group was also quite divided; some said "this is the free market," while others cursed miners/nodes for lacking integrity. I personally lean more towards resignation: anyway, I might act impulsively, but the rules need to keep us in check. Use limit orders whenever possible; better to eat a little less than to get squeezed into a meat patty.

Additionally, with macro expectations of rate cuts and the dollar index turning around, risk assets are both rallying and retreating together. Meanwhile, on-chain front-running is still adding insult to injury... Sometimes it really feels like two waves stacking on top of each other. Don’t ask, just know that the ledger has another page added.