The biggest lesson this year: don’t wait until the end of the year to review your transaction records—it really makes you go crazy. My current approach is pretty crude, but it works: every time I withdraw from a CEX, move across L2, or exchange coins, I toss the tx hash, screenshots, and notes (like “this one is exchanged for stablecoins” or “this is to pay back a friend”) into the same spreadsheet. It only takes 10 minutes over the weekend to cross-check my wallet balances.

On-chain, all of this is basically like ordering at a coffee shop: if you don’t keep the order (tx), in the end you can only rely on memory—“I think I ordered an oat latte”… and the more you think about it, the more ridiculous it gets.

Recently, developers who are into modular and DA layer narratives have been going wild, and it’s normal for regular users to be confused, but the tax authorities look at your “cash flow,” not whether you understood it or not. Anyway, first get your cash flow sorted—don’t be hard on yourself.