While reviewing the audit report, I saw people discussing the risk of “front-running transactions” in competitive bundles. It made me suddenly think of something—retail traders really don’t need to go too deep. Knowing roughly which tier bundle affects the transaction queue and gas fees is enough. Anyway, you’re not the one trying to compete with MEV strategies. Just understand that transactions may be reordered—don’t assume the on-chain price you see is necessarily the price you actually get filled at.

Recently the market has been full of all kinds of anxiety. The U.S. stock market flinched, and crypto shook along with it. The ETF’s net inflows and outflows have been interpreted in an exaggerated way. I think it’s more reliable to look at these macro moves than to research exactly how bundles are put together. I don’t know whether these bundles really are squeezing retail orders, but for now I’m going back to my audit report.