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keel
Ledger
64,750,880
Methodology
1.0.8-draft
Age
5s

USDx against USDC — what depth stands behind this price?

All assets

USDx / USDC

GAVH…KDMN

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.0000039 USDC (shortened; full value 0.000003978 USDC)Limited by manipulation cost
Depth within 5%
buy4.12 USDC (shortened; full value 4.1254776799696267742778410994 USDC)sell10,356.00 USDC (shortened; full value 10356.00380912068719965338888008332664724510429659031 USDC)
Cost to move +50%
0.000015 USDC (shortened; full value 0.000015912 USDC)Reachable through the order book
Checks
5 triggered3 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
1.17 USDC (shortened; full value 1.1760746069621915359483818988 USDC)
Highest
8.03 USDC (shortened; full value 8.0328537956941616100700347805 USDC)
2026-09-26T15:51:46Z — 2026-10-03T15:09:42ZOne scale across every line on this chart
2% from mid
1.86 USDC (shortened; full value 1.861881157388327690040395657 USDC)
5% from mid
4.12 USDC (shortened; full value 4.1254776799696267742778410994 USDC)
10% from mid
7.82 USDC (shortened; full value 7.8274372654694918707930476749 USDC)
169 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
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
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
0.000015 USDC (shortened; full value 0.000015912 USDC)

The target is reachable through the order book

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
0.000015 USDC (shortened; full value 0.000015912 USDC)

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