Stop-Loss vs. Stop-Limit: Trigger Price Does Not Guarantee a Fill

The distinction matters most in thin or fast-moving onchain markets, where a triggered order can diverge sharply from an executed one. Traders relying on stop-limits for downside protection may find that protection is conditional rather than guaranteed once liquidity thins or prices gap through the limit. The open question is whether venues and interfaces make this execution gap clearer to users, since the risk sits less in the order type than in assumptions about fills that the mechanics never promised.