You often see people talking about block builders and bundles lately, honestly retail investors really don't need to force themselves to become researchers.
你只要记住一件事：你以为“我点了交易=马上上链”，其实中间有人在打包、有人在排队，甚至有人能把你的意图先看一眼再动手脚（夹一下、抬一下价那种）。 Just remember one thing: you think "I clicked to trade = it goes on chain immediately," but in reality, someone is packaging, someone is queuing, and some can even peek at your intent before acting (like snipping or lifting the price).
所以对我来说够用的了解就是：大单/滑点敏感/链上热的时候，尽量走靠谱的私有通道或带保护的下单方式，别在公开池里裸奔； So, for me, enough understanding is: during large orders, slippage sensitivity, or when the chain is hot, try to use reliable private channels or protected order methods, don't run naked in public pools;
另外别迷信“成交了就安全”，爆仓潮一来链上回声会放大得很夸张。 Also, don't blindly believe "once traded, it's safe," when liquidation waves come, the on-chain echo can be amplified extremely exaggerated.
至于更细的什么构建者市场份额、拍卖机制…教程很多，但我只会挑那种能告诉我“什么时候容易被夹、我该怎么下单更像活人”的。 As for more detailed topics like builder market share, auction mechanisms... there are many tutorials, but I only pick those that can tell me "when it's easy to be snipped, how I should place orders to seem more human."
宏观那边降息预期、美元和风险资产一起抽风的时候，情绪一上头，链上这些小摩擦就更要命，反正先活下来。 When macro expectations of rate cuts, the dollar, and risk assets go haywire together, and emotions run high, these small frictions on-chain become even more deadly—just survive first.
最近老看到人聊区块构建者、bundle，说实话散户真不用把自己逼成研究员。
You often see people talking about block builders and bundles lately, honestly retail investors really don't need to force themselves to become researchers.
你只要记住一件事：你以为“我点了交易=马上上链”，其实中间有人在打包、有人在排队，甚至有人能把你的意图先看一眼再动手脚（夹一下、抬一下价那种）。
Just remember one thing: you think "I clicked to trade = it goes on chain immediately," but in reality, someone is packaging, someone is queuing, and some can even peek at your intent before acting (like snipping or lifting the price).
所以对我来说够用的了解就是：大单/滑点敏感/链上热的时候，尽量走靠谱的私有通道或带保护的下单方式，别在公开池里裸奔；
So, for me, enough understanding is: during large orders, slippage sensitivity, or when the chain is hot, try to use reliable private channels or protected order methods, don't run naked in public pools;
另外别迷信“成交了就安全”，爆仓潮一来链上回声会放大得很夸张。
Also, don't blindly believe "once traded, it's safe," when liquidation waves come, the on-chain echo can be amplified extremely exaggerated.
至于更细的什么构建者市场份额、拍卖机制…教程很多，但我只会挑那种能告诉我“什么时候容易被夹、我该怎么下单更像活人”的。
As for more detailed topics like builder market share, auction mechanisms... there are many tutorials, but I only pick those that can tell me "when it's easy to be snipped, how I should place orders to seem more human."
宏观那边降息预期、美元和风险资产一起抽风的时候，情绪一上头，链上这些小摩擦就更要命，反正先活下来。
When macro expectations of rate cuts, the dollar, and risk assets go haywire together, and emotions run high, these small frictions on-chain become even more deadly—just survive first.