Recently, I've been looking into on-chain "privacy" issues. To put it simply, don't think of it as an invisibility cloak... Most of the time, it just changes you from "being seen through at a glance" to "needing to take a few extra steps to match the account." If you really want strong privacy, either the tools need to be more aggressive, or you'll more easily cross the compliance boundaries. I think there are two main expectations for ordinary users: don't expect to never be tracked, and don't expect that everyone on the platform or on-chain will keep your secrets.

What I care about more now is: after you send out a transaction, how does the routing work, will it be front-run, and is the slippage being "rationalized"? No matter how sophisticated the privacy measures are, MEV extractors will still pull you out of the mempool, especially during those extreme fee days. Everyone is arguing whether to reverse or keep pushing the bubble. I, for one, will take screenshots first... to review later and see who's in a rush. The same goes for compliance—avoid clearly "money laundering" paths. If something really goes wrong, no one will reason with you. That's all for now.