Recently, people keep saying, "All on-chain data is public, so how can you still get it wrong?" I think the premise needs to be clarified: which on-chain data are you seeing? If the node/RPC you're using is queuing, rate-limited, or simply using a cache from a certain provider, your "latest" data might already be several seconds or even minutes behind; plus, indexers need to parse and store data, which can slow things down further during congestion. To put it simply, the timestamps I see for the same transaction on different browsers or different RPCs can be inconsistent—don't be too superstitious about "what I see = just happened on the chain." Recently, new L1/L2 projects are incentivizing to boost TVL, and I understand the complaints from old users about mining, selling, and dumping… I also envy new miners who are quick and have near real-time info. Anyway, when I look at on-chain data now, I first consider the data source and latency, then draw conclusions; otherwise, I might be influenced by the "late-arriving on-chain" narratives.

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