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keel
Ledger
64,750,145
Methodology
1.0.8-draft
Age
4s

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%
buy43.05 USDC (shortened; full value 43.0586629940742179807459641995 USDC)sell43.88 USDC (shortened; full value 43.884775474881443398958676450795249156609186827884 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
17.34 USDC (shortened; full value 17.3452823466886782607356646057 USDC)
Highest
86.41 USDC (shortened; full value 86.4101112456595605085247366438 USDC)
2026-09-26T23:50:41Z — 2026-10-03T13:53:27ZOne scale across every line on this chart
2% from mid
17.34 USDC (shortened; full value 17.3452823466886782607356646057 USDC)
5% from mid
43.04 USDC (shortened; full value 43.0474188699433980624852672525 USDC)
10% from mid
85.08 USDC (shortened; full value 85.0815312750933982322471633206 USDC)
8 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Price sources disagreenowPRICE_SOURCE_CONFLICTthroughout
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
No genuine trade in 30 daysNO_GENUINE_TRADE_30D4 of 8
No genuine trade in 7 daysNO_GENUINE_TRADE_7D4 of 8

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
17.34 USDC (shortened; full value 17.3498129901723102759938584317 USDC)
Sell side
17.41 USDC (shortened; full value 17.419208656923938412979177952026722762856550914 USDC)

5% from mid

Buy side
43.05 USDC (shortened; full value 43.0586629940742179807459641995 USDC)
Sell side
43.88 USDC (shortened; full value 43.884775474881443398958676450795249156609186827884 USDC)

10% from mid

Buy side
85.10 USDC (shortened; full value 85.1037548444504300478295482767 USDC)
Sell side
88.94 USDC (shortened; full value 88.940428343337338454653302149733586195534538247056 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.