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keel
Ledger
64,751,597
Methodology
1.0.8-draft
Age
8s

USDZ against USDC — what depth stands behind this price?

All assets

USDZ / USDC

GAKT…6XPR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,170.49 USDC (shortened; full value 1170.499448077642919190081245 USDC)Limited by manipulation cost
Depth within 5%
buy5,119.02 USDC (shortened; full value 5119.0207043054552463628884915138 USDC)sell4,409.82 USDC (shortened; full value 4409.822853286662783969768860034924242856233938545047 USDC)
Cost to move +50%
4,681.99 USDC (shortened; full value 4681.99779231057167676032498 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.

Lower at the end of the window than at its start

Lowest
3,614.97 USDC (shortened; full value 3614.9723354290533467157802470239 USDC)
Highest
5,653.71 USDC (shortened; full value 5653.7184594413197403420194156947 USDC)
2026-09-26T23:51:46Z — 2026-10-03T16:09:27ZOne scale across every line on this chart
2% from mid
3,851.81 USDC (shortened; full value 3851.8173967310730643136404900157 USDC)
5% from mid
5,119.02 USDC (shortened; full value 5119.0207043054552463628884915138 USDC)
10% from mid
5,556.01 USDC (shortened; full value 5556.0137089705460307855566596721 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.

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
4,681.99 USDC (shortened; full value 4681.99779231057167676032498 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
2.02 USDC (shortened; full value 2.0258796 USDC)

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

Cost against genuine volume
2,311.0938 (shortened; full value 2311.0938045432570014330195042193)

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
4,684.02 USDC (shortened; full value 4684.02367191057167676032498 USDC)

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