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A market order, also called an instant swap, executes immediately at the best price DYXY can find across the network’s liquidity. It is the default mode in the swap panel.

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How to place a market order

1

Select the network and tokens

Pick the network, the token you pay with and the token you want to receive.
2

Enter an amount

Type the amount in either field. If you type in You receive, DYXY calculates how much you need to pay.
3

Check the quote

Review the rate, price impact, minimum received and route. Quotes refresh automatically every few seconds while the panel is open.
4

Approve the token if asked

The first sale of an ERC-20 token needs an approval transaction.
5

Click Swap and confirm

Confirm the transaction in your wallet. The output arrives in your wallet once the transaction is included in a block.

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What can change between quote and execution

The price in the quote is an estimate. Between the moment you click Swap and the moment your transaction lands onchain, other trades can move the price. Two settings protect you:
  • Slippage tolerance. The maximum price movement you accept. If the price moves further, the transaction reverts and your tokens stay in your wallet.
  • Minimum received. The exact floor that slippage translates into. You never get less than this amount.
See Routing and slippage for how to choose a slippage value.

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Price impact warnings

DYXY warns you when price impact is high. Large price impact usually means the pool you are trading against is small compared to your trade.
For large swaps in less liquid tokens, a TWAP order usually gets a better average price than one large market order.

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If a swap fails

A failed swap does not take your tokens. They stay in your wallet, and you only lose the gas for the failed transaction. Common reasons:
  • Price moved beyond your slippage. Try again, or raise slippage slightly.
  • Not enough gas. Top up the network’s native token.
  • The token charges a transfer tax. Some tokens take a percentage on every transfer. Raise slippage above the tax amount to trade them.
  • The quote expired. Refresh the quote and confirm again.