Recently, people keep asking how much blockchain builders, bundles, and such need to understand. To put it simply, retail investors don't need to delve into protocol details; just remember two points: your transaction isn't directly "on the chain," someone is packaging and sorting it in the middle; the prices/transactions you see may have already been "arranged" in advance. So don't always use ultra-wide slippage, and don't chase outside the big pools blindly. When necessary, use protected order placement methods to reduce the space for others to sandwich you.

Additionally, now that RWA, US bond yields, and on-chain yield products are compared together, I can understand everyone's desire for certainty. But a lot of the "revenue" on-chain comes from the trading activity itself, which is linked to how your trades are packaged, not pure interest. Anyway, when I look at on-chain data myself, besides TVL, I pay more attention to real income and whether active addresses are keeping up; the hype or lack thereof is obvious at a glance. What about you?