When interacting with Uniswap, one of the first things you should learn is how to diagnose your transaction (tx/txn). Educating yourself on this fundamental topic can save you an ample amount of Ethereum (ETH), time, and stress as you progress on your journey to becoming a seasoned participant in Decentralized-Finance (De-Fi).
A few reasons you may want to check your tx could be to see:
- why a tx keeps failing
- why a tx takes an unusual amount of time to be confirmed
- how long an ETA is estimated to take for the tx
- the previous gas settings of a failed tx
- if a tx has been dropped
- for other various reasons
Any of these could be in regards to:
- connecting your Metamask wallet to a Decentralized-Exchange (DEX) like Uniswap
- swapping ETH/unwanted tokens for the latest new tokens
- trying to stake your Swapfolio (SWFL) tokens
- trying to claim your free Uniswap (UNI) tokens
- other various tasks
As you can see, you should learn how to read a tx, ASAP – this will help you in figuring out what you should or shouldn’t do.
What is Etherscan?
Txs made on the Ethereum blockchain can be found using etherscan.io.
Etherscan is a Blockchain Explorer that allows you to search for any tx made on the Ethereum blockchain. This can be accomplished in several ways:
- Ethereum address – used to direct assets either to or from a destination
- Txn Hash – a transaction ID
- Block # – a specific block of transaction and smart contract data that are created or mined by participants
- Token – typing Swapfolio will bring up the SWFL token address.
- ENS – Ethereum Name Service
How do I locate my transaction?
There are two ways to locate your tx:
Method #1: Head over to etherscan.io.
This method requires you to enter some data. The easiest and quickest way to pinpoint your tx using this method is to copy and paste the txn hash. This can be found by looking under “Activity” via your Metamask wallet, shown in the images below.
Method #2: This is the suggested method to locate your tx as it does not require you to copy and paste any data at all.
Start by accessing your Metamask extension and follow the steps below:
How do I analyze my transaction?
Now that you know how to locate your tx via Metamask, it’s time to see how we can use this data to troubleshoot and find a solution to the most common issues encountered.
You will encounter one of three descriptions for the status of any tx:
Success – the tx was completed.
Pending – the tx is in the queue, waiting to be processed. This is usually due to the gas setting not being set to the fastest of the three default options, a congested network that is extremely backed up, or due to a previous tx(s) that were already pending before the most recent one.
Failed – the tx was dropped. This is usually due to the gas settings not being set to the fastest of the three default options.
Tips to Remember
- Do not touch your GWEI settings, this only burns up precious ETH in most cases.
- Refresh the Etherscan page periodically to ensure you are seeing the latest updates regarding the tx.
- Set the gas limits to the fastest of the three options to avoid a dropped tx.
- Set the proper gas limits from the start, avoid clicking “Speed Up” if possible – this often causes a tx to fail, due to insufficient gas being available.
- When staking your SWFL tokens, stake whole numbers (for now).
- If you see more than one tx that is pending, adding another tx to the queue can cause more issues. Attempt to resolve the prior pending txs by either clicking the “Cancel” or by clicking the “Speed Up” button.
- If you are still having issues, you may need to reset your Metamask. How to Reset Metamask
Join us on Telegram!
For further assistance, come join our Swapfolio Telegram channel where we share ideas, help each other, and offer up ideas to help us improve – on literally anything.
Additionally, it’s a fun place to hang out and earn free SWFL tokens just for speaking up and sharing your thoughts, being positive, and helping others to resolve issues. The team loves to hear feedback, this helps us to serve you better.
Finally, this past Friday, the Swapfolio app just released its Alpha version to the public. You can try it out by visiting swapfol.io. Just connect your Metamask wallet to get started and be sure to give us some feedback.
You could be the lucky winner of 5,000 SWFL tokens – just for spending two minutes helping the team learn from your opinions! We hope to hear your feedback soon, good luck!