People keep asking, “How much do retail traders need to understand about block builders, bundles, and these kinds of things?” I think it’s enough to understand it well enough to avoid getting burned: when you place an order, it doesn’t go straight into the block—on the way, someone may bundle it up, jump the queue, or casually grab a bit for themselves. Put simply, don’t blindly believe that “once I place a limit order, I’m safe.” When the market gets hectic, you’ll still be taught a lesson by slippage and getting clipped.

My bottom line is just two rules: don’t trade with a high-leverage mindset in pools with thin liquidity, and don’t use those seemingly “great” one-click “optimal routing” paths without checking the estimated slippage. If you really want to play on-chain, learning how to use protected transactions (for example, limiting slippage, private forwarding, etc.) is more useful than memorizing concepts.

Also, I’ve noticed people are comparing RWA and U.S. Treasury yields to on-chain yield products again. It sounds pretty official, but behind that on-chain “yield,” it’s mostly trading flow, liquidations, and incentives feeding into each other… If you want to treat it as a substitute for government bonds, I can only keep my raincoat on extra tight.