Skip to content
Keel
Ledger
64,491,752
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
1.14411303 USDC (shortened; full value 1.14411303498073635 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
39,979.89 USDC (shortened; full value 39979.8970423503817544158382659457 USDC)
5% from mid
47,198.16 USDC (shortened; full value 47198.1612355722533886801506847951 USDC)
10% from mid
48,167.44 USDC (shortened; full value 48167.4405571592097352906756777615 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%
48,248.80 USDC (shortened; full value 48248.80075519058345879198296 USDC)

Lower than at the start of the window

Collateral ceiling

Max safe collateral
12,062.20 USDC (shortened; full value 12062.20018879764586469799574 USDC)

Lower than at the start of the window

2026-09-11T23:48:00Z — 2026-09-18T15:00:33Z

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_5PCT6 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

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.

12,237.18 USDC (shortened; full value 12237.1875517580829159550095625 USDC)

Limited by manipulation cost

Liquidation term
24,211.71 USDC (shortened; full value 24211.716259392791738309964559593378960187642540815312 USDC)

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

Manipulation termbinds
12,237.18 USDC (shortened; full value 12237.1875517580829159550095625 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
41,389.33 USDC (shortened; full value 41389.3326849771724538084385791549 USDC)
Sell side
34,255.61 USDC (shortened; full value 34255.6199516973464272713066419842374101184387249024 USDC)

5% from mid

Buy side
48,686.34 USDC (shortened; full value 48686.3426335618420756669760646726 USDC)
Sell side
47,806.48 USDC (shortened; full value 47806.482327765696095453641688034600575935981067168544 USDC)

10% from mid

Buy side
48,867.37 USDC (shortened; full value 48867.3734486499733918872613831553 USDC)
Sell side
48,423.43 USDC (shortened; full value 48423.432518785583476619929119186757920375285081630624 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%1.716147 USDC (shortened; full value 1.7161472249907612 USDC)49,494.77 USDC (shortened; full value 49494.7782377227129728022611499955 USDC)48,948.75 USDC (shortened; full value 48948.75020703233166382003825 USDC)
1%2.288196 USDC (shortened; full value 2.2881962999876816 USDC)50,147.17 USDC (shortened; full value 50147.1713275576468017415978017113 USDC)49,141.25 USDC (shortened; full value 49141.25020703233166382003825 USDC)
10%12.585079 USDC (shortened; full value 12.5850796499322488 USDC)56,053.35 USDC (shortened; full value 56053.3512895670547695238545939033 USDC)50,429.75 USDC (shortened; full value 50429.75020703233166382003825 USDC)
100%115.553913 USDC (shortened; full value 115.5539131493779208 USDC)76,302.68 USDC (shortened; full value 76302.6871741977277360115341611903 USDC)54,335.61 USDC (shortened; full value 54335.61787454932526382003825 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