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keel
Ledger
64,752,498
Methodology
1.0.8-draft
Age
4s

VELO against USDC — what depth stands behind this price?

All assets

VELO / USDC

GDM4…2M5M

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
102.36 USDC (shortened; full value 102.362664492382133704738496241208164450627924013402 USDC)Limited by liquidation depth
Depth within 5%
buy80.70 USDC (shortened; full value 80.7015673905141636236529574504 USDC)sell186.98 USDC (shortened; full value 186.983601659917665552436880035319969578559510513612 USDC)
Cost to reach the critical move
The engine sent no critical rung
Checks
2 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
17.99 USDC (shortened; full value 17.997242124738382572745715755 USDC)
Highest
204.74 USDC (shortened; full value 204.7459784671455648641850658314 USDC)
2026-10-02T23:54:32Z — 2026-10-03T17:09:32ZOne scale across every line on this chart
2% from mid
17.99 USDC (shortened; full value 17.997242124738382572745715755 USDC)
5% from mid
38.96 USDC (shortened; full value 38.9673439724628136724934261177 USDC)
10% from mid
72.59 USDC (shortened; full value 72.5978246205807923651725966628 USDC)
2 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 next to real tradingnowMANIPULATION_RATIO_LOWthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Nothing tradable within 2%ZERO_DEPTH_2PCT1 of 2

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.

Volume each side can absorb before the price moves 2, 5 or 10 per cent. Buy side bears on oracle manipulation, sell side on liquidation.

  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
73.32 USDC (shortened; full value 73.3293830348601183349763543616 USDC)
Sell side
179.39 USDC (shortened; full value 179.394423706440522130132645760261571650534891106844 USDC)

5% from mid

Buy side
80.70 USDC (shortened; full value 80.7015673905141636236529574504 USDC)
Sell side
186.98 USDC (shortened; full value 186.983601659917665552436880035319969578559510513612 USDC)

10% from mid

Buy side
106.17 USDC (shortened; full value 106.1749043471435539136999543361 USDC)
Sell side
204.72 USDC (shortened; full value 204.725328984764267409476992482416328901255848026804 USDC)

Bars share one scale. The venue split decomposes the buy side; the sell side is drawn as an outline because its composition is not reported.