How Uniswap Swaps Work — and What Traders Often Get Wrong
What happens, exactly, when you click “Swap” on a decentralized exchange and watch gas meters tick? That seemingly simple action hides several moving parts: an economic mechanism, on-chain routing logic, potential security exposures, and judgement calls about slippage versus execution cost. Reframing the swap as a short, on-chain contract negotiation — not a single-price market…
