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keel
Ledger
65,275,153
Methodology
1.0.8-draft
Age
7s

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%
buy13.77 USDC (shortened; full value 13.7724635392947426889842562291 USDC)sell59.53 USDC (shortened; full value 59.532745606750067352491717865587750161060151439912 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
15.52 USDC (shortened; full value 15.527750814242233672214063593 USDC)
Highest
85.24 USDC (shortened; full value 85.2411317340574138993832433727 USDC)
2026-10-03T23:53:27Z — 2026-10-24T19:08:23ZOne scale across every line on this chart
2% from mid
15.57 USDC (shortened; full value 15.5713957920679170320371716064 USDC)
5% from mid
38.64 USDC (shortened; full value 38.6449977378885214813561602661 USDC)
10% from mid
76.38 USDC (shortened; full value 76.3803189593280983026455527505 USDC)
501 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_2PCT0 of 501
Price sources disagreePRICE_SOURCE_CONFLICTthroughout

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
37.17 USDC (shortened; full value 37.177440559039456504728739544873173994003032322544 USDC)

5% from mid

Buy side
13.77 USDC (shortened; full value 13.7724635392947426889842562291 USDC)
Sell side
59.53 USDC (shortened; full value 59.532745606750067352491717865587750161060151439912 USDC)

10% from mid

Buy side
49.28 USDC (shortened; full value 49.2876996398269471034590649419 USDC)
Sell side
97.59 USDC (shortened; full value 97.59098448469686874533065141987549900518054428744 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.