Recently, a seemingly routine on-chain transaction has attracted widespread attention in the industry. A user with wallet ending in 721 suffered significant losses while executing a buy operation for KOGE/USDT. According to on-chain monitoring by @ai_9684xtpa, the user's order was split and routed to multiple liquidity pools by the system, and they fell victim to an MEV attack, spending 47,000 USDT but receiving only 0.009 KOGE, resulting in an effective price of up to 5,181,958 USD, leading to heavy losses.

Although similar incidents are not uncommon in the decentralized trading ecosystem, the magnitude of this event and its typical process have sounded the alarm for crypto users regarding on-chain operational risks. Multiple accounts on the social platform X have also issued warnings about this incident, emphasizing not to set excessively high slippage and not to disable MEV protection.

High Slippage and Lack of MEV Protection Increase On-Chain Trading Risks

Behind this painful sandwich attack incident are two key mistakes:

• Setting Excessively High Slippage: High slippage provides a significant profit margin for MEV attacks, becoming bait for attackers;

• Not Enabling MEV Protection: By giving up critical trading protection, users are directly exposed to sandwich attack risks.

The most common attack method in this scenario is the "sandwich attack," where attackers manipulate the order of transactions and price slippage ranges. They buy low before the target transaction and quickly sell for profit after the target transaction raises the price. The complexity of on-chain trading makes variables such as slippage settings, asset splitting paths, and pool liquidity common "hidden dangers," creating a barrier for ordinary users in risk identification and trading configuration capabilities.

BM Discovery: Reconstructing On-Chain Asset Participation Experience with Centralized Advantages

MEV attacks, high slippage, routing splits… the potential risks brought about by the complexity of on-chain trading are continuously emerging. A simple operational mistake can lead to financial losses. For ordinary users, the lack of professional tools and on-chain practical experience makes these risks more intangible and threatening.

Against this backdrop of frequent risks, the BM Discovery section launched by BitMart is becoming a solution that more users are paying attention to. This section focuses on the discovery of high-quality early on-chain assets, leveraging the mechanism advantages of centralized exchanges to create an asset participation entry point that combines convenience and risk control capabilities.

BM Discovery primarily builds a new path for on-chain asset exploration around three aspects:

Professional Screening Mechanism to Reduce Blind Participation

BitMart relies on its internal research team and on-chain data tracking system to cross-examine candidate assets from dimensions such as fundamentals, on-chain activity, and community consensus, filtering out risky projects and embedding potential assets, helping users obtain early Alpha at a lower cognitive cost. Many assets have also shown good market performance after being listed, with significant price increases.

Centralized Experience to Solve Operational and On-Chain Interaction Barriers

Compared to directly using DEX, BM Discovery eliminates the need for users to manually set slippage, routing paths, and wallet signatures, completing all transactions within the platform without gas fees, greatly reducing the likelihood of users being sandwiched or encountering other risks due to operational errors.

Dynamic Risk Response to Enhance User Safety Margins

BM Discovery has established a risk control system that links on-chain and off-chain. The platform continuously monitors the market performance and potential anomalies of listed assets, dynamically delisting risky assets to ensure a consistently controllable trading environment.

Additionally, to encourage more users to use Discovery for on-chain asset exploration, BitMart is temporarily offering a 0 trading fee promotion for spot trading in the Discovery section, providing users with a lower-cost trial space.

Risk Insights: From Free Trading to Trusted Participation

As the decentralized ecosystem flourishes, more users are realizing that relying entirely on individuals to complete on-chain strategies and risk control deployments still presents certain barriers and risks. High slippage, MEV vulnerabilities, and other mechanisms possess a high degree of professionalism, while BM Discovery represents a new approach: using a more user-friendly trading structure and platform screening mechanism to reduce the spillover of technical risks, allowing more users to participate in early asset dividends more safely.

The launch of BM Discovery not only deepens BitMart's strategic layout in on-chain assets but also reflects its proactive construction capability in the entire process of "asset screening—user participation—security assurance" as a trading platform. In the face of the complex and ever-changing on-chain asset ecosystem, BitMart is opening a new path for investors in a more controllable, trustworthy, and professionally barriered manner, avoiding hidden dangers and discovering value.

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