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keel
Ledger
65,273,726
Methodology
1.0.8-draft
Age
6s

AMM against USDC — what depth stands behind this price?

All assets

AMM / USDC

GARQ…BDOQ

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0 USDCLimited by manipulation cost
Depth within 5%
buy12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)sell60.52 USDC (shortened; full value 60.520877327031951145966397957844070657210330699727 USDC)
Cost to move +50%
0 USDCReachable at no cost: nothing stands in the way
Checks
7 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
0 USDC
Highest
77.42 USDC (shortened; full value 77.4207831532640589256536287425 USDC)
2026-10-26T21:53:23Z — 2026-11-02T21:08:25ZOne scale across every line on this chart
2% from mid
0 USDC
5% from mid
12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)
10% from mid
48.29 USDC (shortened; full value 48.293487958743490170411941688 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
Extreme spreadnowSPREAD_EXTREMEthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT69 of 169
Price sources disagreePRICE_SOURCE_CONFLICT100 of 169

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
0 USDC
Sell side
38.16 USDC (shortened; full value 38.16559774787631050183156381883781450158630147156 USDC)

5% from mid

Buy side
12.77 USDC (shortened; full value 12.7782923193788240980790601703 USDC)
Sell side
60.52 USDC (shortened; full value 60.520877327031951145966397957844070657210330699727 USDC)

10% from mid

Buy side
48.29 USDC (shortened; full value 48.293487958743490170411941688 USDC)
Sell side
98.57 USDC (shortened; full value 98.579072846664166203379072795928987799938180156421 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.