In the past few days, I've seen people using "on-chain data" as real-time market quotes again, and I want to pour a little cold water on that: what you see on the chain is actually the "version" provided by the node/RPC/indexer you're connected to. If they are slow to sync, cache data, or haven't handled reorganization properly, you'll think funds suddenly disappear or appear... In other words, information can also be delayed.

Recently, RWA, US bond yields, and on-chain yield products have been compared side by side, and the discussion is very heated, but what I worry more about is: whether the data sources you use to judge "funds inflow and outflow" are really reliable, don't mistake delay for trend. Anyway, I’ve now scaled down my target: just monitor the net flow of a few fixed addresses and major exchanges, a little slower doesn’t matter, and it actually helps me stick to it better.