Tonight, I reviewed my trades and noticed Gas spiked again, and it suddenly reminded me of the MEV we discussed earlier. Put simply, that on-chain “cut-in line”—in DeFi, large swaps get sandwiched, or liquidations get front-run—comes down to this: retail users can only watch others pay the toll money.

During the period when the funding rates were extremely volatile, I went back and checked on-chain—top players were aggressively arbitraging, and it basically wouldn’t stop. Anyway, I don’t really think this is “unfair.” It’s more like a gray area in on-chain order: whoever can pay higher fees gets to go first. If you want to say people are affected, it’s really only those who stay idle for the long term that don’t care. It’s the short-term traders doing swings and posting limit orders that get targeted more easily. I’ve also been cut in line a few times myself. Later I learned the hard way—either place big trades as limit orders on big exchanges, or use private transaction layers.

Anyway, as a long-term believer, I can tolerate the system’s imperfections as long as it keeps improving and doesn’t collapse. Talk next time.