Recently, I saw someone talking about block builders and bundles, saying that if retail investors don’t understand, they’ll get “eaten”… I feel that ordinary people just need to understand this much: the transaction you send may not be included in the block in the order you submit it; it might be bundled together and processed as a whole. So don’t blindly believe that “the first one I send will be the first to be confirmed.” The remaining actions are actually quite simple—don’t try to push large amounts into particularly thin pools, don’t set slippage too loosely, use routing or private broadcasting with anti-front-running features if possible, and if not, split into batches. As for how the underlying builders compete and who is connected to whom, it’s basically like airport scheduling—just knowing it exists is enough, don’t stress yourself out. Recently, the wave of RWA and using U.S. Treasury yields as benchmarks for on-chain returns also looks quite similar: on the surface, they’re all called “returns,” but the underlying paths are completely different. Don’t just look at the numbers; first, think clearly about how the money is being “packaged” out.