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keel
Ledger
64,752,484
Methodology
1.0.8-draft
Age
9s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
13.85 USDC (shortened; full value 13.853265125 USDC)Limited by manipulation cost
Depth within 5%
buy43.06 USDC (shortened; full value 43.0644883248571113045856390816 USDC)sell43.89 USDC (shortened; full value 43.890712568968860158312139644732466792196361671517 USDC)
Cost to move +50%
55.41 USDC (shortened; full value 55.4130605 USDC)Reachable through the order book
Checks
7 triggered3 not evaluated

Buy-side depth

What an order can absorb before the price moves against a buyer. The rungs are nested, so one scale covers all three.

Lower at the end of the window than at its start

Lowest
17.45 USDC (shortened; full value 17.4599669470378978119261939096 USDC)
Highest
91.42 USDC (shortened; full value 91.4286972790000966890970666388 USDC)
2026-09-11T23:47:49Z — 2026-10-02T10:38:27ZOne scale across every line on this chart
2% from mid
17.66 USDC (shortened; full value 17.6696143268394968854202512449 USDC)
5% from mid
43.85 USDC (shortened; full value 43.8523440549828807755137353889 USDC)
10% from mid
86.67 USDC (shortened; full value 86.6724342630740371127507332661 USDC)
22 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingnowMANIPULATION_RATIO_LOW7 of 22
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREME7 of 22
Supply is concentratednowHOLDER_CONCENTRATION_HIGH7 of 22
No genuine trade in 30 daysNO_GENUINE_TRADE_30D9 of 22
No genuine trade in 7 daysNO_GENUINE_TRADE_7D9 of 22

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
17.35 USDC (shortened; full value 17.3521602158560943352398439062 USDC)
Sell side
17.42 USDC (shortened; full value 17.4215652710254209804174699160525985541809192195 USDC)

5% from mid

Buy side
43.06 USDC (shortened; full value 43.0644883248571113045856390816 USDC)
Sell side
43.89 USDC (shortened; full value 43.890712568968860158312139644732466792196361671517 USDC)

10% from mid

Buy side
85.11 USDC (shortened; full value 85.1152683817589017632063054625 USDC)
Sell side
88.95 USDC (shortened; full value 88.952460937455355156591524622058622212645297424828 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.