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Keel
Ledger
64,492,654
Methodology
1.0.8-draft
Age
4s

LIBRE 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
0.0012 USDC

Higher 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
14.60 USDC (shortened; full value 14.6013072245346777280705239164 USDC)
5% from mid
18.57 USDC (shortened; full value 18.579428761421239444886920479 USDC)
10% from mid
25.08 USDC (shortened; full value 25.0853784785408170383141736782 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%
0.36 USDC (shortened; full value 0.368118 USDC)

Lower than at the start of the window

Collateral ceiling

Max safe collateral
0.09 USDC (shortened; full value 0.0920295 USDC)

Lower than at the start of the window

2026-09-11T17:48:07Z — 2026-09-18T16:15:48Z

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
ZERO_DEPTH_2PCT159 of 168
MANIPULATION_RATIO_LOW150 of 168
SPREAD_EXTREME35 of 168

168 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.

0.09 USDC (shortened; full value 0.0920295 USDC)

Limited by manipulation cost

Liquidation term
0.95 USDC (shortened; full value 0.957418959220293129038262966472314766741084152122 USDC)

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

Manipulation termbinds
0.09 USDC (shortened; full value 0.0920295 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
14.60 USDC (shortened; full value 14.6036483679360849092844378711 USDC)
Sell side
0 USDC

5% from mid

Buy side
18.58 USDC (shortened; full value 18.5817699592950856235445806674 USDC)
Sell side
0 USDC

10% from mid

Buy side
25.08 USDC (shortened; full value 25.0877197655006666988052122987 USDC)
Sell side
1.91 USDC (shortened; full value 1.914837918440586258076525932944629533482168304244 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%0.0018 USDC72.92 USDC (shortened; full value 72.9237725371461863966556272643 USDC)0.36 USDC (shortened; full value 0.368118 USDC)
1%0.0024 USDC124.04 USDC (shortened; full value 124.0428515074574988002445904585 USDC)0.36 USDC (shortened; full value 0.368118 USDC)
10%0.0132 USDC737.31 USDC (shortened; full value 737.3176796252432594325888249545 USDC)100.36 USDC (shortened; full value 100.368118 USDC)
100%0.1212 USDC7,629.92 USDC (shortened; full value 7629.9214057566892696165900170673 USDC)5,176.32 USDC (shortened; full value 5176.3256259 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
18.8581 % (shortened; full value 18.8581899811774271572253229 %)
Top ten holders
58.2889 % (shortened; full value 58.28892806391237274676345208 %)
Concentration index
588.90 (shortened; full value 588.909821998497259852891247048553545274161453474962869)

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