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keel
Ledger
64,751,777
Methodology
1.0.8-draft
Age
10s

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%
buy4.10 USDC (shortened; full value 4.1048188230741761722781827272 USDC)sell10,356.02 USDC (shortened; full value 10356.024345758838509932515020288023824531555221056935 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
1.62 USDC (shortened; full value 1.6268398070398314880328520716 USDC)
Highest
7.94 USDC (shortened; full value 7.9434334984795208954795385641 USDC)
2026-10-02T16:54:27Z — 2026-10-03T16:09:27ZOne scale across every line on this chart
2% from mid
1.84 USDC (shortened; full value 1.84122184125423686144685544 USDC)
5% from mid
4.10 USDC (shortened; full value 4.1048188230741761722781827272 USDC)
10% from mid
7.80 USDC (shortened; full value 7.8067791596278926327584396158 USDC)
25 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