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keel
Ledger
64,752,127
Methodology
1.0.8-draft
Age
6s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
25.32 USDC (shortened; full value 25.3273407548115614146638975 USDC)Limited by manipulation cost
Depth within 5%
buy8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)sell134.01 USDC (shortened; full value 134.016458887738900181525870032851771485783829494584 USDC)
Cost to move +50%
101.30 USDC (shortened; full value 101.30936301924624565865559 USDC)Reachable through the order book
Checks
3 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.

Higher at the end of the window than at its start

Lowest
0.69 USDC (shortened; full value 0.6980689039055874791286347028 USDC)
Highest
16.41 USDC (shortened; full value 16.4155406854388318741847767841 USDC)
2026-09-26T23:50:56Z — 2026-10-03T16:38:37ZOne scale across every line on this chart
2% from mid
3.76 USDC (shortened; full value 3.7695469877063489056460449474 USDC)
5% from mid
8.92 USDC (shortened; full value 8.9291892382736292610626761739 USDC)
10% from mid
16.15 USDC (shortened; full value 16.1505039588518266915476943581 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.62806552 USDC (shortened; full value 0.6280655246753247 USDC)

Order book mid

AMM pool spot price
0.61850505 USDC (shortened; full value 0.6185050553964346 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
1.5457 % (shortened; full value 1.54573825961087071688762238 %)

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
6.7779 % (shortened; full value 6.77799491902630308156675318 %)

Best ask minus best bid, over the mid