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keel
Ledger
65,276,056
Methodology
1.0.8-draft
Age
4s

EURC against USDC — what depth stands behind this price?

All assets

EURC / USDC

GAQR…Z7NM

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
7.26 USDC (shortened; full value 7.262714301939783296895463490484409427409291044372 USDC)Limited by liquidation depth
Depth within 5%
buy0.95 USDC (shortened; full value 0.9518017047844122693181410775 USDC)sell9.19 USDC (shortened; full value 9.19277844801831876365210820488257171697634451152 USDC)
Cost to move +50%
246.87 USDC (shortened; full value 246.87750733934653985464146 USDC)Reachable through the order book
Checks
4 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.56789272 USDC (shortened; full value 0.56789272496969745 USDC)
Highest
0.62007785 USDC (shortened; full value 0.6200778598916409 USDC)
2026-10-27T23:53:38Z — 2026-11-03T00:23:39Z
Mid price
0.56789272 USDC (shortened; full value 0.56789272496969745 USDC)
8 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
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout
Nothing tradable within 2%nowZERO_DEPTH_2PCT6 of 8

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.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
246.87 USDC (shortened; full value 246.87750733934653985464146 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
246.87 USDC (shortened; full value 246.87750733934653985464146 USDC)

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh