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Keel
Ledger
64,491,750
Methodology
1.0.8-draft
Age
7s

AUDD against USDC — what depth stands behind this price?

How has this moved over time?

WindowLast 24 hoursLast 7 daysLast 30 days
ResolutionHourlyDaily
SourceHorizonHubbleOffers impliedTrades implied

Price

Mid price
0.74640394 USDC (shortened; full value 0.7464039402949093 USDC)

Unchanged across the window

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.

2% from mid
221.76 USDC (shortened; full value 221.7604120986507935723522275135 USDC)
5% from mid
366.87 USDC (shortened; full value 366.8780959302918768623289587461 USDC)
10% from mid
604.20 USDC (shortened; full value 604.2082894196608605554454787718 USDC)

Lower than at the start of the window

Cost to move the price by half

One manipulation rung, at the delta the engine treats as critical. A reading it could not produce breaks the line rather than sitting at zero.

Manipulation cost, 0.5%
231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)

Unchanged across the window

Collateral ceiling

Max safe collateral
57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

Unchanged across the window

2026-09-11T23:47:49Z — 2026-09-18T15:15:28Z

Which checks were firing

Whether a finding has been there all along or started recently. Only checks that fired at least once appear.

MANIPULATION_CHEAPthroughout
THIN_DEPTH_5PCTthroughout
MANIPULATION_RATIO_LOW7 of 8
HOLDER_CONCENTRATION_EXTREME7 of 8
HOLDER_CONCENTRATION_HIGH7 of 8

8 readings from horizon, with no gaps reported. One source per chart.

How much can this asset safely back?

The ceiling is the lower of two independent limits. Which one binds is the part a lender acts on, so both are shown.

Risk band

Critical

partial confidence

A band marked partial is a floor. At least one high-severity check could not be evaluated, so the real band can only be worse than the one shown, never better.

57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

Limited by manipulation cost

Liquidation term
191.72 USDC (shortened; full value 191.723082595265258195748027609863265422201228829984 USDC)

Sell-side depth at the liquidation delta, times the haircut.

Manipulation termbinds
57.86 USDC (shortened; full value 57.860296823128449046278045 USDC)

Order-book-only manipulation cost at the critical delta, times the safety margin.

What volume can it absorb before the price moves?

Three rungs at 2, 5 and 10 per cent, in each direction. The buy side matters for oracle manipulation and the sell side for liquidation.
  • SDEX
  • AMM
  • Sell side, composition not reported

2% from mid

Buy side
221.76 USDC (shortened; full value 221.7604120986507935723522275135 USDC)
Sell side
0.0000051 USDC (shortened; full value 0.000005100000000036940796316376 USDC)

5% from mid

Buy side
366.87 USDC (shortened; full value 366.8780959302918768623289587461 USDC)
Sell side
129.12 USDC (shortened; full value 129.122382259734027637079145295360909014659606181648 USDC)

10% from mid

Buy side
604.20 USDC (shortened; full value 604.2082894196608605554454787718 USDC)
Sell side
383.44 USDC (shortened; full value 383.446165190530516391496055219726530844402457659968 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.

What would it cost to move the price?

Read cost together with reachability: a figure on an unreachable rung says how far the book goes, not what the move costs.
Cost to move the price by each delta, through all venues and through the order book alone, with whether the target is reachable at all.
MoveTarget priceCost, all venuesCost, order book only
0.5%1.119605 USDC (shortened; full value 1.11960591044236395 USDC)2,562.71 USDC (shortened; full value 2562.7100506299335248534257042573 USDC)231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
1%1.492807 USDC (shortened; full value 1.4928078805898186 USDC)4,427.48 USDC (shortened; full value 4427.480186337149480008901338967 USDC)231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
10%8.210443 USDC (shortened; full value 8.2104433432440023 USDC)23,151.20 USDC (shortened; full value 23151.2050687863054058466425861436 USDC)231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)
100%75.386797 USDC (shortened; full value 75.3867979697858393 USDC)89,420.54 USDC (shortened; full value 89420.5448757672558023126962178423 USDC)231.44 USDC (shortened; full value 231.44118729251379618511218 USDC)

Reachability on the all-venues ladder is unconditionally true whenever an active pool exists, because a constant product curve has no upper price bound. The order-book-only column is the one that answers whether a target is attainable, and it is the one Keel itself uses.

Who holds it, and is it genuinely traded?

Concentration and wash trading bound how much of the depth above is real.
Largest holder
74.4575 % (shortened; full value 74.45755173646307593245437733 %)
Top ten holders
99.5611 % (shortened; full value 99.56113228199657223698611127 %)
Concentration index
5,896.36 (shortened; full value 5896.3620587457472450416406123824551391238658402115929028)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

Of 30 day volume. A high share indicates suspected wash trading

Volume to supply, 30 day
not computed
Last genuine trade
not computed

No genuine trade was found in the window