Does hierarchy/order of tags and links matter at all in Obsidian?

Coming from Roam, I’m used to paying attention to how I structure a note and where I place tags/links. I’m assuming it doesn’t matter in Obsidian since it’s page level, not block level, but I figured I’d make sure. Thanks in advance!

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A curious question. What kind of role did ordering play in Roam?

I suppose order of backlinks in a note will effect the order in which it appears in a backlinks pane, if there’s more than one backlink to a note from some other note…