Skip to content
Keel
Ledger
64,491,932
Methodology
1.0.8-draft
Age
5s

EURC 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
1.14409814 USDC (shortened; full value 1.1440981499938408 USDC)

Lower than at the start of 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
41,389.33 USDC (shortened; full value 41389.3326849771724538084385791549 USDC)
5% from mid
48,686.34 USDC (shortened; full value 48686.3426335618420756669760646726 USDC)
10% from mid
48,867.37 USDC (shortened; full value 48867.3734486499733918872613831553 USDC)

Higher 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%
48,948.75 USDC (shortened; full value 48948.75020703233166382003825 USDC)

Higher than at the start of the window

Collateral ceiling

Max safe collateral
12,237.18 USDC (shortened; full value 12237.1875517580829159550095625 USDC)

Higher than at the start of the window

2026-09-17T23:45:38Z — 2026-09-18T15:15:38Z

Which checks were firing

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

THIN_DEPTH_5PCTthroughout

2 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

Medium

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.

11,707.19 USDC (shortened; full value 11707.19411087045109644848683 USDC)

Limited by manipulation cost

Liquidation term
26,209.91 USDC (shortened; full value 26209.915157615399605086020263861618501698365600522336 USDC)

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

Manipulation termbinds
11,707.19 USDC (shortened; full value 11707.19411087045109644848683 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
39,668.63 USDC (shortened; full value 39668.6385649074454168480896853136 USDC)
Sell side
51,119.08 USDC (shortened; full value 51119.080909851902513531168848725702375992178575912256 USDC)

5% from mid

Buy side
46,080.99 USDC (shortened; full value 46080.9904730831894131490232269347 USDC)
Sell side
51,802.91 USDC (shortened; full value 51802.917293488579316166878059216910026181377046853408 USDC)

10% from mid

Buy side
46,745.89 USDC (shortened; full value 46745.8910599625438018032808156972 USDC)
Sell side
52,419.83 USDC (shortened; full value 52419.830315230799210172040527723237003396731201044672 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%1.714113 USDC (shortened; full value 1.71411383161665855 USDC)47,373.04 USDC (shortened; full value 47373.0427795578647203026649699651 USDC)46,828.77 USDC (shortened; full value 46828.77644348180438579394732 USDC)
1%2.285485 USDC (shortened; full value 2.2854851088222114 USDC)48,025.16 USDC (shortened; full value 48025.1633342875032666101215631462 USDC)47,021.27 USDC (shortened; full value 47021.27644348180438579394732 USDC)
10%12.570168 USDC (shortened; full value 12.5701680985221627 USDC)53,928.60 USDC (shortened; full value 53928.6068344485328471819622857046 USDC)48,309.77 USDC (shortened; full value 48309.77644348180438579394732 USDC)
100%115.416997 USDC (shortened; full value 115.4169979955216757 USDC)74,168.25 USDC (shortened; full value 74168.257492382192633934738793204 USDC)52,215.64 USDC (shortened; full value 52215.64411099879798579394732 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
not computed
Top ten holders
not computed
Concentration index
not computed

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