Today’s DAO meeting almost ran late again, the alarm went off three times before I finally got up… On the way, I was browsing on-chain data, and thinking about MEV, which is basically “who queues up first gets to trade first.” Cutting in line affects not only the person who gets front-run but also more ordinary people: larger slippage, worse execution, and in the end, everyone is forced to treat “whether to pay more gas” as the default option, which is pretty annoying.

Recently, someone linked ETF capital flows, US stock risk appetite, and crypto market rises and falls together, and I just find it amusing. Macro sentiment can set the tone, but the on-chain ordering rules are what really impact your transaction fees and trading experience daily. Anyway, I’m doing things a bit slower now, preferring fewer trades, and paying more attention to how governance discusses ordering, fairness, and incentives, or I always feel like I’m working for the queue-jumpers.