[cocher]

Network fees swing a lot depending on how busy the chain is at that exact moment, and that timing alone can already eat into what a swap nets you. On top of that, once a pair isn’t one of the big five, most exchanges force a stopover through a stablecoin before they’ll even quote a price. That stopover means the price on the middle step can shift while the first trade is still confirming, so what lands in MATIC comes in lower than what showed up at the start. Add a second network fee on top of that and a two-step swap ends up pricier than it looked going in.