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keel
Ledger
64,751,956
Methodology
1.0.8-draft
Age
5s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
3.41 USDC (shortened; full value 3.41169482420568389936231152577277231323893542363 USDC)Limited by liquidation depth
Depth within 5%
buy3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)sell3.36 USDC (shortened; full value 3.366780757365160914295157644971437074892584625765 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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
1.29 USDC (shortened; full value 1.2980515510551750630112469543 USDC)
Highest
6.66 USDC (shortened; full value 6.6616588800662096585410805842 USDC)
2026-09-25T10:54:59Z — 2026-10-03T16:24:22ZOne scale across every line on this chart
2% from mid
1.33 USDC (shortened; full value 1.3310542411828083573538455539 USDC)
5% from mid
3.30 USDC (shortened; full value 3.3034025225740787055853072521 USDC)
10% from mid
6.52 USDC (shortened; full value 6.5290452346923363737553167345 USDC)
199 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.
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_30D62 of 199
No genuine trade in 7 daysNO_GENUINE_TRADE_7D62 of 199

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • 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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
0 USDC

NOT reachable through the order book: this is the cost of exhausting the book, not of reaching the target

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
not computed

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh