diff --git a/cypress/integration/swap.test.ts b/cypress/integration/swap.test.ts
index 46216c2f44..3fb042ffc9 100644
--- a/cypress/integration/swap.test.ts
+++ b/cypress/integration/swap.test.ts
@@ -2,16 +2,27 @@ describe('Swap', () => {
   beforeEach(() => {
     cy.visit('/swap')
   })
+
+  it('starts with an ETH/USDC swap and quotes it', () => {
+    cy.get('#swap-currency-input .token-amount-input').should('have.value', '1')
+    cy.get('#swap-currency-input .token-symbol-container').should('contain.text', 'ETH')
+    cy.get('#swap-currency-output .token-amount-input').should('not.have.value', '')
+    cy.get('#swap-currency-output .token-symbol-container').should('contain.text', 'USDC')
+  })
+
   it('can enter an amount into input', () => {
-    cy.get('#swap-currency-input .token-amount-input').type('0.001', { delay: 200 }).should('have.value', '0.001')
+    cy.get('#swap-currency-input .token-amount-input')
+      .clear()
+      .type('0.001', { delay: 200 })
+      .should('have.value', '0.001')
   })
 
   it('zero swap amount', () => {
-    cy.get('#swap-currency-input .token-amount-input').type('0.0', { delay: 200 }).should('have.value', '0.0')
+    cy.get('#swap-currency-input .token-amount-input').clear().type('0.0', { delay: 200 }).should('have.value', '0.0')
   })
 
   it('invalid swap amount', () => {
-    cy.get('#swap-currency-input .token-amount-input').type('\\', { delay: 200 }).should('have.value', '')
+    cy.get('#swap-currency-input .token-amount-input').clear().type('\\', { delay: 200 }).should('have.value', '')
   })
 
   it('can enter an amount into output', () => {
diff --git a/src/components/PositionListItem/index.tsx b/src/components/PositionListItem/index.tsx
index 97d8df54f8..e8916e4066 100644
--- a/src/components/PositionListItem/index.tsx
+++ b/src/components/PositionListItem/index.tsx
@@ -19,7 +19,7 @@ import { PositionDetails } from 'types/position'
 import { formatTickPrice } from 'utils/formatTickPrice'
 import { unwrappedToken } from 'utils/unwrappedToken'
 
-import { DAI, USDC, USDT, WBTC, WRAPPED_NATIVE_CURRENCY } from '../../constants/tokens'
+import { DAI, USDC_MAINNET, USDT, WBTC, WRAPPED_NATIVE_CURRENCY } from '../../constants/tokens'
 
 const LinkRow = styled(Link)`
   align-items: center;
@@ -145,7 +145,7 @@ export function getPriceOrderingFromPositionForUI(position?: Position): {
   const token1 = position.amount1.currency
 
   // if token0 is a dollar-stable asset, set it as the quote token
-  const stables = [DAI, USDC, USDT]
+  const stables = [DAI, USDC_MAINNET, USDT]
   if (stables.some((stable) => stable.equals(token0))) {
     return {
       priceLower: position.token0PriceUpper.invert(),
diff --git a/src/components/RoutingDiagram/RoutingDiagram.test.tsx b/src/components/RoutingDiagram/RoutingDiagram.test.tsx
index 7b80468ab1..5f6e9338e9 100644
--- a/src/components/RoutingDiagram/RoutingDiagram.test.tsx
+++ b/src/components/RoutingDiagram/RoutingDiagram.test.tsx
@@ -1,7 +1,7 @@
 import { Protocol } from '@uniswap/router-sdk'
 import { Currency, Percent } from '@uniswap/sdk-core'
 import { FeeAmount } from '@uniswap/v3-sdk'
-import { DAI, USDC, WBTC } from 'constants/tokens'
+import { DAI, USDC_MAINNET, WBTC } from 'constants/tokens'
 import { render } from 'test-utils'
 
 import RoutingDiagram, { RoutingDiagramEntry } from './RoutingDiagram'
@@ -10,16 +10,16 @@ const percent = (strings: TemplateStringsArray) => new Percent(parseInt(strings[
 
 const singleRoute: RoutingDiagramEntry = {
   percent: percent`100`,
-  path: [[USDC, DAI, FeeAmount.LOW]],
+  path: [[USDC_MAINNET, DAI, FeeAmount.LOW]],
   protocol: Protocol.V3,
 }
 
 const multiRoute: RoutingDiagramEntry[] = [
-  { percent: percent`75`, path: [[USDC, DAI, FeeAmount.LOWEST]], protocol: Protocol.V2 },
+  { percent: percent`75`, path: [[USDC_MAINNET, DAI, FeeAmount.LOWEST]], protocol: Protocol.V2 },
   {
     percent: percent`25`,
     path: [
-      [USDC, WBTC, FeeAmount.MEDIUM],
+      [USDC_MAINNET, WBTC, FeeAmount.MEDIUM],
       [WBTC, DAI, FeeAmount.HIGH],
     ],
     protocol: Protocol.V3,
@@ -47,16 +47,16 @@ jest.mock('hooks/useTokenInfoFromActiveList', () => ({
 }))
 
 it('renders when no routes are provided', () => {
-  const { asFragment } = render(<RoutingDiagram currencyIn={DAI} currencyOut={USDC} routes={[]} />)
+  const { asFragment } = render(<RoutingDiagram currencyIn={DAI} currencyOut={USDC_MAINNET} routes={[]} />)
   expect(asFragment()).toMatchSnapshot()
 })
 
 it('renders single route', () => {
-  const { asFragment } = render(<RoutingDiagram currencyIn={USDC} currencyOut={DAI} routes={[singleRoute]} />)
+  const { asFragment } = render(<RoutingDiagram currencyIn={USDC_MAINNET} currencyOut={DAI} routes={[singleRoute]} />)
   expect(asFragment()).toMatchSnapshot()
 })
 
 it('renders multi route', () => {
-  const { asFragment } = render(<RoutingDiagram currencyIn={USDC} currencyOut={DAI} routes={multiRoute} />)
+  const { asFragment } = render(<RoutingDiagram currencyIn={USDC_MAINNET} currencyOut={DAI} routes={multiRoute} />)
   expect(asFragment()).toMatchSnapshot()
 })
diff --git a/src/constants/routing.ts b/src/constants/routing.ts
index 66097a4133..9e06d5c157 100644
--- a/src/constants/routing.ts
+++ b/src/constants/routing.ts
@@ -18,8 +18,8 @@ import {
   sETH2,
   SWISE,
   TRIBE,
-  USDC,
   USDC_ARBITRUM,
+  USDC_MAINNET,
   USDC_OPTIMISM,
   USDC_POLYGON,
   USDT,
@@ -50,7 +50,13 @@ const WRAPPED_NATIVE_CURRENCIES_ONLY: ChainTokenList = Object.fromEntries(
 // used to construct intermediary pairs for trading
 export const BASES_TO_CHECK_TRADES_AGAINST: ChainTokenList = {
   ...WRAPPED_NATIVE_CURRENCIES_ONLY,
-  [SupportedChainId.MAINNET]: [...WRAPPED_NATIVE_CURRENCIES_ONLY[SupportedChainId.MAINNET], DAI, USDC, USDT, WBTC],
+  [SupportedChainId.MAINNET]: [
+    ...WRAPPED_NATIVE_CURRENCIES_ONLY[SupportedChainId.MAINNET],
+    DAI,
+    USDC_MAINNET,
+    USDT,
+    WBTC,
+  ],
   [SupportedChainId.OPTIMISM]: [
     ...WRAPPED_NATIVE_CURRENCIES_ONLY[SupportedChainId.OPTIMISM],
     DAI_OPTIMISM,
@@ -101,7 +107,7 @@ export const COMMON_BASES: ChainCurrencyList = {
   [SupportedChainId.MAINNET]: [
     nativeOnChain(SupportedChainId.MAINNET),
     DAI,
-    USDC,
+    USDC_MAINNET,
     USDT,
     WBTC,
     WRAPPED_NATIVE_CURRENCY[SupportedChainId.MAINNET],
@@ -154,7 +160,13 @@ export const COMMON_BASES: ChainCurrencyList = {
 // used to construct the list of all pairs we consider by default in the frontend
 export const BASES_TO_TRACK_LIQUIDITY_FOR: ChainTokenList = {
   ...WRAPPED_NATIVE_CURRENCIES_ONLY,
-  [SupportedChainId.MAINNET]: [...WRAPPED_NATIVE_CURRENCIES_ONLY[SupportedChainId.MAINNET], DAI, USDC, USDT, WBTC],
+  [SupportedChainId.MAINNET]: [
+    ...WRAPPED_NATIVE_CURRENCIES_ONLY[SupportedChainId.MAINNET],
+    DAI,
+    USDC_MAINNET,
+    USDT,
+    WBTC,
+  ],
 }
 export const PINNED_PAIRS: { readonly [chainId: number]: [Token, Token][] } = {
   [SupportedChainId.MAINNET]: [
@@ -168,7 +180,7 @@ export const PINNED_PAIRS: { readonly [chainId: number]: [Token, Token][] } = {
         'Compound USD Coin'
       ),
     ],
-    [USDC, USDT],
+    [USDC_MAINNET, USDT],
     [DAI, USDT],
   ],
 }
diff --git a/src/constants/tokens.ts b/src/constants/tokens.ts
index bee5ac6f92..d17f32f403 100644
--- a/src/constants/tokens.ts
+++ b/src/constants/tokens.ts
@@ -1,8 +1,23 @@
 import { Currency, Ether, NativeCurrency, Token, WETH9 } from '@uniswap/sdk-core'
+import {
+  USDC_ARBITRUM,
+  USDC_ARBITRUM_RINKEBY,
+  USDC_GÖRLI,
+  USDC_KOVAN,
+  USDC_MAINNET,
+  USDC_OPTIMISM,
+  USDC_OPTIMISTIC_KOVAN,
+  USDC_POLYGON,
+  USDC_POLYGON_MUMBAI,
+  USDC_RINKEBY,
+  USDC_ROPSTEN,
+} from '@uniswap/smart-order-router'
 
 import { UNI_ADDRESS } from './addresses'
 import { SupportedChainId } from './chains'
 
+export { USDC_ARBITRUM, USDC_MAINNET, USDC_OPTIMISM, USDC_POLYGON }
+
 export const AMPL = new Token(
   SupportedChainId.MAINNET,
   '0xD46bA6D942050d489DBd938a2C909A5d5039A161',
@@ -31,27 +46,19 @@ export const DAI_OPTIMISM = new Token(
   'DAI',
   'Dai stable coin'
 )
-export const USDC = new Token(
-  SupportedChainId.MAINNET,
-  '0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48',
-  6,
-  'USDC',
-  'USD//C'
-)
-export const USDC_ARBITRUM = new Token(
-  SupportedChainId.ARBITRUM_ONE,
-  '0xFF970A61A04b1cA14834A43f5dE4533eBDDB5CC8',
-  6,
-  'USDC',
-  'USD//C'
-)
-export const USDC_POLYGON = new Token(
-  SupportedChainId.POLYGON,
-  '0x2791bca1f2de4661ed88a30c99a7a9449aa84174',
-  6,
-  'USDC',
-  'USD//C'
-)
+export const USDC: { [chainId in SupportedChainId]: Token } = {
+  [SupportedChainId.MAINNET]: USDC_MAINNET,
+  [SupportedChainId.ARBITRUM_ONE]: USDC_ARBITRUM,
+  [SupportedChainId.OPTIMISM]: USDC_OPTIMISM,
+  [SupportedChainId.ARBITRUM_RINKEBY]: USDC_ARBITRUM_RINKEBY,
+  [SupportedChainId.OPTIMISTIC_KOVAN]: USDC_OPTIMISTIC_KOVAN,
+  [SupportedChainId.POLYGON]: USDC_POLYGON,
+  [SupportedChainId.POLYGON_MUMBAI]: USDC_POLYGON_MUMBAI,
+  [SupportedChainId.GOERLI]: USDC_GÖRLI,
+  [SupportedChainId.RINKEBY]: USDC_RINKEBY,
+  [SupportedChainId.KOVAN]: USDC_KOVAN,
+  [SupportedChainId.ROPSTEN]: USDC_ROPSTEN,
+}
 export const DAI_POLYGON = new Token(
   SupportedChainId.POLYGON,
   '0x8f3Cf7ad23Cd3CaDbD9735AFf958023239c6A063',
@@ -73,13 +80,6 @@ export const WBTC_POLYGON = new Token(
   'WBTC',
   'Wrapped BTC'
 )
-export const USDC_OPTIMISM = new Token(
-  SupportedChainId.OPTIMISM,
-  '0x7F5c764cBc14f9669B88837ca1490cCa17c31607',
-  6,
-  'USDC',
-  'USD//C'
-)
 export const USDT = new Token(
   SupportedChainId.MAINNET,
   '0xdAC17F958D2ee523a2206206994597C13D831ec7',
@@ -296,3 +296,19 @@ export function nativeOnChain(chainId: number): NativeCurrency {
       : ExtendedEther.onChain(chainId))
   )
 }
+
+export const TOKEN_SHORTHANDS: { [shorthand: string]: { [chainId in SupportedChainId]?: string } } = {
+  USDC: {
+    [SupportedChainId.MAINNET]: USDC_MAINNET.address,
+    [SupportedChainId.ARBITRUM_ONE]: USDC_ARBITRUM.address,
+    [SupportedChainId.OPTIMISM]: USDC_OPTIMISM.address,
+    [SupportedChainId.ARBITRUM_RINKEBY]: USDC_ARBITRUM_RINKEBY.address,
+    [SupportedChainId.OPTIMISTIC_KOVAN]: USDC_OPTIMISTIC_KOVAN.address,
+    [SupportedChainId.POLYGON]: USDC_POLYGON.address,
+    [SupportedChainId.POLYGON_MUMBAI]: USDC_POLYGON_MUMBAI.address,
+    [SupportedChainId.GOERLI]: USDC_GÖRLI.address,
+    [SupportedChainId.RINKEBY]: USDC_RINKEBY.address,
+    [SupportedChainId.KOVAN]: USDC_KOVAN.address,
+    [SupportedChainId.ROPSTEN]: USDC_ROPSTEN.address,
+  },
+}
diff --git a/src/hooks/Tokens.ts b/src/hooks/Tokens.ts
index 4b2268f6aa..bed5ba2c8b 100644
--- a/src/hooks/Tokens.ts
+++ b/src/hooks/Tokens.ts
@@ -2,7 +2,7 @@ import { Currency, Token } from '@uniswap/sdk-core'
 import { CHAIN_INFO } from 'constants/chainInfo'
 import { L2_CHAIN_IDS, SupportedChainId, SupportedL2ChainId } from 'constants/chains'
 import useActiveWeb3React from 'hooks/useActiveWeb3React'
-import { useCurrencyFromMap, useTokenFromMap } from 'lib/hooks/useCurrency'
+import { useCurrencyFromMap, useTokenFromMapOrNetwork } from 'lib/hooks/useCurrency'
 import { getTokenFilter } from 'lib/hooks/useTokenList/filtering'
 import { useMemo } from 'react'
 
@@ -159,7 +159,7 @@ export function useIsUserAddedToken(currency: Currency | undefined | null): bool
 // otherwise returns the token
 export function useToken(tokenAddress?: string | null): Token | null | undefined {
   const tokens = useAllTokens()
-  return useTokenFromMap(tokens, tokenAddress)
+  return useTokenFromMapOrNetwork(tokens, tokenAddress)
 }
 
 export function useCurrency(currencyId?: string | null): Currency | null | undefined {
diff --git a/src/hooks/useBestTrade.test.ts b/src/hooks/useBestTrade.test.ts
index b15c423d57..0cf1759131 100644
--- a/src/hooks/useBestTrade.test.ts
+++ b/src/hooks/useBestTrade.test.ts
@@ -1,6 +1,6 @@
 import { renderHook } from '@testing-library/react-hooks'
 import { CurrencyAmount, TradeType } from '@uniswap/sdk-core'
-import { DAI, USDC } from 'constants/tokens'
+import { DAI, USDC_MAINNET } from 'constants/tokens'
 import { TradeState } from 'state/routing/types'
 
 import { useRoutingAPITrade } from '../state/routing/useRoutingAPITrade'
@@ -10,7 +10,7 @@ import { useClientSideV3Trade } from './useClientSideV3Trade'
 import useDebounce from './useDebounce'
 import useIsWindowVisible from './useIsWindowVisible'
 
-const USDCAmount = CurrencyAmount.fromRawAmount(USDC, '10000')
+const USDCAmount = CurrencyAmount.fromRawAmount(USDC_MAINNET, '10000')
 const DAIAmount = CurrencyAmount.fromRawAmount(DAI, '10000')
 
 jest.mock('./useAutoRouterSupported')
@@ -126,10 +126,10 @@ describe('#useBestV3Trade ExactOut', () => {
     expectRouterMock(TradeState.INVALID)
     expectClientSideMock(TradeState.VALID)
 
-    const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+    const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
-    expect(mockUseRoutingAPITrade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, USDC)
-    expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC)
+    expect(mockUseRoutingAPITrade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, USDC_MAINNET)
+    expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET)
     expect(result.current).toEqual({ state: TradeState.VALID, trade: undefined })
   })
 
@@ -138,17 +138,17 @@ describe('#useBestV3Trade ExactOut', () => {
     expectRouterMock(TradeState.NO_ROUTE_FOUND)
     expectClientSideMock(TradeState.VALID)
 
-    const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+    const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
-    expect(mockUseRoutingAPITrade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, USDC)
-    expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC)
+    expect(mockUseRoutingAPITrade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, USDC_MAINNET)
+    expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET)
     expect(result.current).toEqual({ state: TradeState.VALID, trade: undefined })
   })
   describe('when routing api is in non-error state', () => {
     it('does not compute client side v3 trade if routing api is LOADING', () => {
       expectRouterMock(TradeState.LOADING)
 
-      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
       expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, undefined)
       expect(result.current).toEqual({ state: TradeState.LOADING, trade: undefined })
@@ -157,7 +157,7 @@ describe('#useBestV3Trade ExactOut', () => {
     it('does not compute client side v3 trade if routing api is VALID', () => {
       expectRouterMock(TradeState.VALID)
 
-      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
       expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, undefined)
       expect(result.current).toEqual({ state: TradeState.VALID, trade: undefined })
@@ -166,7 +166,7 @@ describe('#useBestV3Trade ExactOut', () => {
     it('does not compute client side v3 trade if routing api is SYNCING', () => {
       expectRouterMock(TradeState.SYNCING)
 
-      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
       expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, undefined)
       expect(result.current).toEqual({ state: TradeState.SYNCING, trade: undefined })
@@ -178,7 +178,7 @@ describe('#useBestV3Trade ExactOut', () => {
       expectRouterMock(TradeState.INVALID)
       expectClientSideMock(TradeState.VALID)
 
-      renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+      renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
       expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, undefined, undefined)
     })
@@ -187,9 +187,9 @@ describe('#useBestV3Trade ExactOut', () => {
       expectRouterMock(TradeState.NO_ROUTE_FOUND)
       expectClientSideMock(TradeState.VALID)
 
-      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC))
+      const { result } = renderHook(() => useBestTrade(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET))
 
-      expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC)
+      expect(mockUseClientSideV3Trade).toHaveBeenCalledWith(TradeType.EXACT_OUTPUT, DAIAmount, USDC_MAINNET)
       expect(result.current).toEqual({ state: TradeState.VALID, trade: undefined })
     })
   })
diff --git a/src/hooks/useERC20Permit.ts b/src/hooks/useERC20Permit.ts
index d8ccfe5773..71c0c750aa 100644
--- a/src/hooks/useERC20Permit.ts
+++ b/src/hooks/useERC20Permit.ts
@@ -10,7 +10,7 @@ import { useSingleCallResult } from 'lib/hooks/multicall'
 import { useMemo, useState } from 'react'
 
 import { SWAP_ROUTER_ADDRESSES, V3_ROUTER_ADDRESS } from '../constants/addresses'
-import { DAI, UNI, USDC } from '../constants/tokens'
+import { DAI, UNI, USDC_MAINNET } from '../constants/tokens'
 import { useEIP2612Contract } from './useContract'
 import useIsArgentWallet from './useIsArgentWallet'
 
@@ -36,7 +36,7 @@ const PERMITTABLE_TOKENS: {
   }
 } = {
   1: {
-    [USDC.address]: { type: PermitType.AMOUNT, name: 'USD Coin', version: '2' },
+    [USDC_MAINNET.address]: { type: PermitType.AMOUNT, name: 'USD Coin', version: '2' },
     [DAI.address]: { type: PermitType.ALLOWED, name: 'Dai Stablecoin', version: '1' },
     [UNI[1].address]: { type: PermitType.AMOUNT, name: 'Uniswap' },
   },
diff --git a/src/hooks/useUSDCPrice.ts b/src/hooks/useUSDCPrice.ts
index 03e60d2340..540f8e39b1 100644
--- a/src/hooks/useUSDCPrice.ts
+++ b/src/hooks/useUSDCPrice.ts
@@ -4,14 +4,14 @@ import tryParseCurrencyAmount from 'lib/utils/tryParseCurrencyAmount'
 import { useMemo } from 'react'
 
 import { SupportedChainId } from '../constants/chains'
-import { DAI_OPTIMISM, USDC, USDC_ARBITRUM, USDC_POLYGON } from '../constants/tokens'
+import { DAI_OPTIMISM, USDC_ARBITRUM, USDC_MAINNET, USDC_POLYGON } from '../constants/tokens'
 import { useBestV2Trade } from './useBestV2Trade'
 import { useClientSideV3Trade } from './useClientSideV3Trade'
 
 // Stablecoin amounts used when calculating spot price for a given currency.
 // The amount is large enough to filter low liquidity pairs.
 export const STABLECOIN_AMOUNT_OUT: { [chainId: number]: CurrencyAmount<Token> } = {
-  [SupportedChainId.MAINNET]: CurrencyAmount.fromRawAmount(USDC, 100_000e6),
+  [SupportedChainId.MAINNET]: CurrencyAmount.fromRawAmount(USDC_MAINNET, 100_000e6),
   [SupportedChainId.ARBITRUM_ONE]: CurrencyAmount.fromRawAmount(USDC_ARBITRUM, 10_000e6),
   [SupportedChainId.OPTIMISM]: CurrencyAmount.fromRawAmount(DAI_OPTIMISM, 10_000e18),
   [SupportedChainId.POLYGON]: CurrencyAmount.fromRawAmount(USDC_POLYGON, 10_000e6),
diff --git a/src/lib/components/Swap/Swap.fixture.tsx b/src/lib/components/Swap/Swap.fixture.tsx
index 07036b9ea2..e7b5e7403e 100644
--- a/src/lib/components/Swap/Swap.fixture.tsx
+++ b/src/lib/components/Swap/Swap.fixture.tsx
@@ -1,5 +1,5 @@
 import { tokens } from '@uniswap/default-token-list'
-import { DAI, USDC } from 'constants/tokens'
+import { DAI, USDC_MAINNET } from 'constants/tokens'
 import { useUpdateAtom } from 'jotai/utils'
 import { useEffect } from 'react'
 import { useSelect, useValue } from 'react-cosmos/fixture'
@@ -41,7 +41,7 @@ function Fixture() {
     none: '',
     Native: 'NATIVE',
     DAI: DAI.address,
-    USDC: USDC.address,
+    USDC: USDC_MAINNET.address,
   }
   const addressOptions = Object.keys(optionsToAddressMap)
   const [defaultInput] = useSelect('defaultInputAddress', {
diff --git a/src/lib/hooks/useCurrency.ts b/src/lib/hooks/useCurrency.ts
index fd4e992ffb..8dd52f6cdb 100644
--- a/src/lib/hooks/useCurrency.ts
+++ b/src/lib/hooks/useCurrency.ts
@@ -7,9 +7,10 @@ import { NEVER_RELOAD, useSingleCallResult } from 'lib/hooks/multicall'
 import useNativeCurrency from 'lib/hooks/useNativeCurrency'
 import { useMemo } from 'react'
 
+import { TOKEN_SHORTHANDS } from '../../constants/tokens'
 import { isAddress } from '../../utils'
-import { useTokenMap } from './useTokenList'
-import { TokenMap } from './useTokenList'
+import { supportedChainId } from '../../utils/supportedChainId'
+import { TokenMap, useTokenMap } from './useTokenList'
 
 // parse a name or symbol from a token response
 const BYTES32_REGEX = /^0x[a-fA-F0-9]{64}$/
@@ -28,35 +29,27 @@ function parseStringOrBytes32(str: string | undefined, bytes32: string | undefin
  * Returns null if token is loading or null was passed.
  * Returns undefined if tokenAddress is invalid or token does not exist.
  */
-export function useTokenFromMap(tokens: TokenMap, tokenAddress?: string | null): Token | null | undefined {
+export function useTokenFromNetwork(tokenAddress: string | null | undefined): Token | null | undefined {
   const { chainId } = useActiveWeb3React()
 
-  const address = isAddress(tokenAddress)
+  const formattedAddress = isAddress(tokenAddress)
 
-  const tokenContract = useTokenContract(address ? address : undefined, false)
-  const tokenContractBytes32 = useBytes32TokenContract(address ? address : undefined, false)
-  const token: Token | undefined = address ? tokens[address] : undefined
+  const tokenContract = useTokenContract(formattedAddress ? formattedAddress : undefined, false)
+  const tokenContractBytes32 = useBytes32TokenContract(formattedAddress ? formattedAddress : undefined, false)
 
-  const tokenName = useSingleCallResult(token ? undefined : tokenContract, 'name', undefined, NEVER_RELOAD)
-  const tokenNameBytes32 = useSingleCallResult(
-    token ? undefined : tokenContractBytes32,
-    'name',
-    undefined,
-    NEVER_RELOAD
-  )
-  const symbol = useSingleCallResult(token ? undefined : tokenContract, 'symbol', undefined, NEVER_RELOAD)
-  const symbolBytes32 = useSingleCallResult(token ? undefined : tokenContractBytes32, 'symbol', undefined, NEVER_RELOAD)
-  const decimals = useSingleCallResult(token ? undefined : tokenContract, 'decimals', undefined, NEVER_RELOAD)
+  const tokenName = useSingleCallResult(tokenContract, 'name', undefined, NEVER_RELOAD)
+  const tokenNameBytes32 = useSingleCallResult(tokenContractBytes32, 'name', undefined, NEVER_RELOAD)
+  const symbol = useSingleCallResult(tokenContract, 'symbol', undefined, NEVER_RELOAD)
+  const symbolBytes32 = useSingleCallResult(tokenContractBytes32, 'symbol', undefined, NEVER_RELOAD)
+  const decimals = useSingleCallResult(tokenContract, 'decimals', undefined, NEVER_RELOAD)
 
   return useMemo(() => {
-    if (token) return token
-    if (tokenAddress === null) return null
-    if (!chainId || !address) return undefined
+    if (typeof tokenAddress !== 'string' || !chainId || !formattedAddress) return undefined
     if (decimals.loading || symbol.loading || tokenName.loading) return null
     if (decimals.result) {
       return new Token(
         chainId,
-        address,
+        formattedAddress,
         decimals.result[0],
         parseStringOrBytes32(symbol.result?.[0], symbolBytes32.result?.[0], 'UNKNOWN'),
         parseStringOrBytes32(tokenName.result?.[0], tokenNameBytes32.result?.[0], 'Unknown Token')
@@ -64,14 +57,13 @@ export function useTokenFromMap(tokens: TokenMap, tokenAddress?: string | null):
     }
     return undefined
   }, [
-    address,
+    formattedAddress,
     chainId,
     decimals.loading,
     decimals.result,
     symbol.loading,
     symbol.result,
     symbolBytes32.result,
-    token,
     tokenAddress,
     tokenName.loading,
     tokenName.result,
@@ -79,6 +71,20 @@ export function useTokenFromMap(tokens: TokenMap, tokenAddress?: string | null):
   ])
 }
 
+/**
+ * Returns a Token from the tokenAddress.
+ * Returns null if token is loading or null was passed.
+ * Returns undefined if tokenAddress is invalid or token does not exist.
+ */
+export function useTokenFromMapOrNetwork(tokens: TokenMap, tokenAddress?: string | null): Token | null | undefined {
+  const address = isAddress(tokenAddress)
+  const token: Token | undefined = address ? tokens[address] : undefined
+
+  const tokenFromNetwork = useTokenFromNetwork(token ? undefined : address ? address : undefined)
+
+  return tokenFromNetwork ?? token
+}
+
 /**
  * Returns a Token from the tokenAddress.
  * Returns null if token is loading or null was passed.
@@ -86,7 +92,7 @@ export function useTokenFromMap(tokens: TokenMap, tokenAddress?: string | null):
  */
 export function useToken(tokenAddress?: string | null): Token | null | undefined {
   const tokens = useTokenMap()
-  return useTokenFromMap(tokens, tokenAddress)
+  return useTokenFromMapOrNetwork(tokens, tokenAddress)
 }
 
 /**
@@ -96,8 +102,14 @@ export function useToken(tokenAddress?: string | null): Token | null | undefined
  */
 export function useCurrencyFromMap(tokens: TokenMap, currencyId?: string | null): Currency | null | undefined {
   const nativeCurrency = useNativeCurrency()
+  const { chainId } = useActiveWeb3React()
   const isNative = Boolean(nativeCurrency && currencyId?.toUpperCase() === 'ETH')
-  const token = useTokenFromMap(tokens, isNative ? undefined : currencyId)
+  const shorthandMatchAddress = useMemo(() => {
+    const chain = supportedChainId(chainId)
+    return chain && currencyId ? TOKEN_SHORTHANDS[currencyId.toUpperCase()]?.[chain] : undefined
+  }, [chainId, currencyId])
+
+  const token = useTokenFromMapOrNetwork(tokens, isNative ? undefined : shorthandMatchAddress ?? currencyId)
 
   if (currencyId === null || currencyId === undefined) return currencyId
 
diff --git a/src/pages/Swap/index.tsx b/src/pages/Swap/index.tsx
index a626cbe82a..d6384b4b0b 100644
--- a/src/pages/Swap/index.tsx
+++ b/src/pages/Swap/index.tsx
@@ -33,6 +33,7 @@ import { ArrowWrapper, SwapCallbackError, Wrapper } from '../../components/swap/
 import SwapHeader from '../../components/swap/SwapHeader'
 import { SwitchLocaleLink } from '../../components/SwitchLocaleLink'
 import TokenWarningModal from '../../components/TokenWarningModal'
+import { TOKEN_SHORTHANDS } from '../../constants/tokens'
 import { useAllTokens, useCurrency } from '../../hooks/Tokens'
 import { ApprovalState, useApprovalOptimizedTrade, useApproveCallbackFromTrade } from '../../hooks/useApproveCallback'
 import useENSAddress from '../../hooks/useENSAddress'
@@ -54,6 +55,7 @@ import { LinkStyledButton, ThemedText } from '../../theme'
 import { computeFiatValuePriceImpact } from '../../utils/computeFiatValuePriceImpact'
 import { maxAmountSpend } from '../../utils/maxAmountSpend'
 import { warningSeverity } from '../../utils/prices'
+import { supportedChainId } from '../../utils/supportedChainId'
 import AppBody from '../AppBody'
 
 const AlertWrapper = styled.div`
@@ -62,13 +64,13 @@ const AlertWrapper = styled.div`
 `
 
 export default function Swap({ history }: RouteComponentProps) {
-  const { account } = useActiveWeb3React()
+  const { account, chainId } = useActiveWeb3React()
   const loadedUrlParams = useDefaultsFromURLSearch()
 
   // token warning stuff
   const [loadedInputCurrency, loadedOutputCurrency] = [
-    useCurrency(loadedUrlParams?.inputCurrencyId),
-    useCurrency(loadedUrlParams?.outputCurrencyId),
+    useCurrency(loadedUrlParams?.[Field.INPUT]?.currencyId),
+    useCurrency(loadedUrlParams?.[Field.OUTPUT]?.currencyId),
   ]
   const [dismissTokenWarning, setDismissTokenWarning] = useState<boolean>(false)
   const urlLoadedTokens: Token[] = useMemo(
@@ -84,10 +86,20 @@ export default function Swap({ history }: RouteComponentProps) {
   const importTokensNotInDefault = useMemo(
     () =>
       urlLoadedTokens &&
-      urlLoadedTokens.filter((token: Token) => {
-        return !Boolean(token.address in defaultTokens)
-      }),
-    [defaultTokens, urlLoadedTokens]
+      urlLoadedTokens
+        .filter((token: Token) => {
+          return !Boolean(token.address in defaultTokens)
+        })
+        .filter((token: Token) => {
+          // Any token addresses that are loaded from the shorthands map do not need to show the import URL
+          const supported = supportedChainId(chainId)
+          if (!supported) return true
+          return !Object.keys(TOKEN_SHORTHANDS).some((shorthand) => {
+            const shorthandTokenAddress = TOKEN_SHORTHANDS[shorthand][supported]
+            return shorthandTokenAddress && shorthandTokenAddress === token.address
+          })
+        }),
+    [chainId, defaultTokens, urlLoadedTokens]
   )
 
   const theme = useContext(ThemeContext)
diff --git a/src/state/stake/hooks.tsx b/src/state/stake/hooks.tsx
index fd96779648..c4f14f52c8 100644
--- a/src/state/stake/hooks.tsx
+++ b/src/state/stake/hooks.tsx
@@ -10,7 +10,7 @@ import { NEVER_RELOAD, useMultipleContractSingleData } from 'lib/hooks/multicall
 import tryParseCurrencyAmount from 'lib/utils/tryParseCurrencyAmount'
 import { ReactNode, useMemo } from 'react'
 
-import { DAI, UNI, USDC, USDT, WBTC, WRAPPED_NATIVE_CURRENCY } from '../../constants/tokens'
+import { DAI, UNI, USDC_MAINNET, USDT, WBTC, WRAPPED_NATIVE_CURRENCY } from '../../constants/tokens'
 
 const { abi: STAKING_REWARDS_ABI } = StakingRewardsJson
 const STAKING_REWARDS_INTERFACE = new Interface(STAKING_REWARDS_ABI)
@@ -31,7 +31,7 @@ export const STAKING_REWARDS_INFO: {
       stakingRewardAddress: '0xa1484C3aa22a66C62b77E0AE78E15258bd0cB711',
     },
     {
-      tokens: [WRAPPED_NATIVE_CURRENCY[1], USDC],
+      tokens: [WRAPPED_NATIVE_CURRENCY[1], USDC_MAINNET],
       stakingRewardAddress: '0x7FBa4B8Dc5E7616e59622806932DBea72537A56b',
     },
     {
diff --git a/src/state/swap/hooks.test.ts b/src/state/swap/hooks.test.ts
index 22718c5e55..37be9d2528 100644
--- a/src/state/swap/hooks.test.ts
+++ b/src/state/swap/hooks.test.ts
@@ -27,8 +27,8 @@ describe('hooks', () => {
         queryParametersToSwapState(parse('?outputCurrency=invalid', { parseArrays: false, ignoreQueryPrefix: true }))
       ).toEqual({
         [Field.INPUT]: { currencyId: 'ETH' },
-        [Field.OUTPUT]: { currencyId: null },
-        typedValue: '',
+        [Field.OUTPUT]: { currencyId: 'USDC' },
+        typedValue: '1',
         independentField: Field.INPUT,
         recipient: null,
       })
diff --git a/src/state/swap/hooks.tsx b/src/state/swap/hooks.tsx
index b91da25691..88011e6c5c 100644
--- a/src/state/swap/hooks.tsx
+++ b/src/state/swap/hooks.tsx
@@ -5,11 +5,12 @@ import useAutoSlippageTolerance from 'hooks/useAutoSlippageTolerance'
 import { useBestTrade } from 'hooks/useBestTrade'
 import tryParseCurrencyAmount from 'lib/utils/tryParseCurrencyAmount'
 import { ParsedQs } from 'qs'
-import { ReactNode, useCallback, useEffect, useMemo, useState } from 'react'
+import { ReactNode, useCallback, useEffect, useMemo } from 'react'
 import { useAppDispatch, useAppSelector } from 'state/hooks'
 import { InterfaceTrade, TradeState } from 'state/routing/types'
 import { useUserSlippageToleranceWithDefault } from 'state/user/hooks'
 
+import { TOKEN_SHORTHANDS } from '../../constants/tokens'
 import { useCurrency } from '../../hooks/Tokens'
 import useENS from '../../hooks/useENS'
 import useParsedQueryString from '../../hooks/useParsedQueryString'
@@ -185,11 +186,13 @@ export function useDerivedSwapInfo(): {
   )
 }
 
-function parseCurrencyFromURLParameter(urlParam: any): string {
+function parseCurrencyFromURLParameter(urlParam: ParsedQs[string]): string {
   if (typeof urlParam === 'string') {
     const valid = isAddress(urlParam)
     if (valid) return valid
-    if (urlParam.toUpperCase() === 'ETH') return 'ETH'
+    const upper = urlParam.toUpperCase()
+    if (upper === 'ETH') return 'ETH'
+    if (upper in TOKEN_SHORTHANDS) return upper
   }
   return ''
 }
@@ -216,9 +219,14 @@ function validatedRecipient(recipient: any): string | null {
 export function queryParametersToSwapState(parsedQs: ParsedQs): SwapState {
   let inputCurrency = parseCurrencyFromURLParameter(parsedQs.inputCurrency)
   let outputCurrency = parseCurrencyFromURLParameter(parsedQs.outputCurrency)
-  if (inputCurrency === '' && outputCurrency === '') {
-    // default to ETH input
+  let typedValue = parseTokenAmountURLParameter(parsedQs.exactAmount)
+  const independentField = parseIndependentFieldURLParameter(parsedQs.exactField)
+
+  if (inputCurrency === '' && outputCurrency === '' && typedValue === '' && independentField === Field.INPUT) {
+    // Defaults to 1 ETH -> USDC
     inputCurrency = 'ETH'
+    outputCurrency = 'USDC'
+    typedValue = '1'
   } else if (inputCurrency === outputCurrency) {
     // clear output if identical
     outputCurrency = ''
@@ -233,42 +241,39 @@ export function queryParametersToSwapState(parsedQs: ParsedQs): SwapState {
     [Field.OUTPUT]: {
       currencyId: outputCurrency === '' ? null : outputCurrency ?? null,
     },
-    typedValue: parseTokenAmountURLParameter(parsedQs.exactAmount),
-    independentField: parseIndependentFieldURLParameter(parsedQs.exactField),
+    typedValue,
+    independentField,
     recipient,
   }
 }
 
 // updates the swap state to use the defaults for a given network
-export function useDefaultsFromURLSearch():
-  | { inputCurrencyId: string | undefined; outputCurrencyId: string | undefined }
-  | undefined {
+export function useDefaultsFromURLSearch(): SwapState {
   const { chainId } = useActiveWeb3React()
   const dispatch = useAppDispatch()
   const parsedQs = useParsedQueryString()
-  const [result, setResult] = useState<
-    { inputCurrencyId: string | undefined; outputCurrencyId: string | undefined } | undefined
-  >()
+
+  const parsedSwapState = useMemo(() => {
+    return queryParametersToSwapState(parsedQs)
+  }, [parsedQs])
 
   useEffect(() => {
     if (!chainId) return
-    const parsed = queryParametersToSwapState(parsedQs)
-    const inputCurrencyId = parsed[Field.INPUT].currencyId ?? undefined
-    const outputCurrencyId = parsed[Field.OUTPUT].currencyId ?? undefined
+    const inputCurrencyId = parsedSwapState[Field.INPUT].currencyId ?? undefined
+    const outputCurrencyId = parsedSwapState[Field.OUTPUT].currencyId ?? undefined
 
     dispatch(
       replaceSwapState({
-        typedValue: parsed.typedValue,
-        field: parsed.independentField,
+        typedValue: parsedSwapState.typedValue,
+        field: parsedSwapState.independentField,
         inputCurrencyId,
         outputCurrencyId,
-        recipient: parsed.recipient,
+        recipient: parsedSwapState.recipient,
       })
     )
 
-    setResult({ inputCurrencyId, outputCurrencyId })
     // eslint-disable-next-line react-hooks/exhaustive-deps
   }, [dispatch, chainId])
 
-  return result
+  return parsedSwapState
 }
diff --git a/src/utils/supportedChainId.ts b/src/utils/supportedChainId.ts
index d3fef188ee..4e8cd7fff0 100644
--- a/src/utils/supportedChainId.ts
+++ b/src/utils/supportedChainId.ts
@@ -4,8 +4,8 @@ import { SupportedChainId } from '../constants/chains'
  * Returns the input chain ID if chain is supported. If not, return undefined
  * @param chainId a chain ID, which will be returned if it is a supported chain ID
  */
-export function supportedChainId(chainId: number): number | undefined {
-  if (chainId in SupportedChainId) {
+export function supportedChainId(chainId: number | undefined): SupportedChainId | undefined {
+  if (typeof chainId === 'number' && chainId in SupportedChainId) {
     return chainId
   }
   return undefined