How an ERC20 Swap on Uniswap V3 Actually Works: A US Trader’s Practical Guide

Imagine you’re a U.S.-based trader who wants to swap 1,000 USDC for a new ERC20 token that just listed on Ethereum. You open your wallet, see the token has liquidity on Uniswap V3, and notice the quoted price looks attractive—but the gas estimate is high and the pool is thin. What are you really paying …

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