I have 2 wires leading to separate things that need the Arduino's 5V power supply. Usually, this is easily achieved by connecting them on a breadboard. However, in my circumstance, I cannot use a breadboard or any similar thing. I'm hoping for the smallest possible physical area to connect them. For example, would soldering all 3 wires into a ball achieve the same effect as a breadboard?
I moved your topic to an appropriate forum category @ianthewrong.
In the future, please take some time to pick the forum category that best suits the subject of your topic. There is an "About the _____ category" topic at the top of each category that explains its purpose.
I would also apply insulation tape, or liquid insulation tape, to stop it accidentally touching something else.
Hot melt glue is fine, but silicone sealant is not, as it produces acid while it cures and can corrode the wires long term.
+1 for the Wago blocks. They are relatively expensive but make things so much easier. Note that I've heard that the cheaper clones don't work vey well.
I'm pretty new to this terminology. Feel free to explain it to me. My wires are the usual wires that are plugged into the Arduino pins and then onto breadboards. Nothing special.