When completing a transaction, there are several factors that could result in receiving fewer tokens than anticipated. Below are the most common reasons and explanations:
Price Impact
Price impact refers to the change in token price caused by your trade size relative to market liquidity. Larger trades or trades in low-liquidity markets can shift the price significantly, resulting in fewer tokens received.
Solution:
- Trade smaller amounts to reduce price impact.
- Check the liquidity of the token pair before initiating the transaction.
- Execute swaps during high market activity when liquidity is higher.
Cross-Chain Swap Fees
If your transaction involved a cross-chain swap, additional fees may apply since you pay fees for multiple networks. These fees are charged to facilitate the transfer between blockchains, covering operational and network costs.
Solution:
- Review the cross-chain fee breakdown in the transaction details before confirming.
- Be aware of the higher costs associated with moving tokens across networks.
3. Platform-Specific Fees
The platform you used to process the transaction may include additional fees. These fees are independent of Phantom Wallet and are determined by the third-party platform or service provider.
Solution:
- Verify the fee structure of the platform you used for the transaction.
- Use trusted and transparent platforms to minimize unexpected costs.