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keel
Ledger
65,274,613
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%
buy13.70 USDC (shortened; full value 13.703284497441932461292538315 USDC)sell59.60 USDC (shortened; full value 59.601494799494753581314850616602954257466134545114 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.

Higher at the end of the window than at its start

Lowest
0 USDC
Highest
48.58 USDC (shortened; full value 48.5869289754447428100963859066 USDC)
2026-11-01T22:53:24Z — 2026-11-02T22:23:24ZOne 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)
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.
Nothing tradable within 2%nowZERO_DEPTH_2PCTthroughout
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

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
37.24 USDC (shortened; full value 37.246194452718560535369356416329232838046539746221 USDC)

5% from mid

Buy side
13.70 USDC (shortened; full value 13.703284497441932461292538315 USDC)
Sell side
59.60 USDC (shortened; full value 59.601494799494753581314850616602954257466134545114 USDC)

10% from mid

Buy side
49.21 USDC (shortened; full value 49.2185131297335834574565594314 USDC)
Sell side
97.65 USDC (shortened; full value 97.659725674451453052672689070052608828964105779725 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.