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Keel
Ledger
64,492,835
Methodology
1.0.8-draft
Age
6s

SLVR against USDC — what depth stands behind this price?

How has this moved over time?

Price

Mid price
1.42502825 USDC (shortened; full value 1.42502825003940005 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
0 USDC
5% from mid
0.01 USDC (shortened; full value 0.0188425810812886969576314535 USDC)
10% from mid
5.81 USDC (shortened; full value 5.8138179858512404664075208612 USDC)

Unchanged across 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%
137.50 USDC (shortened; full value 137.50187426993925 USDC)

Unchanged across the window

Collateral ceiling

Max safe collateral
9.06 USDC (shortened; full value 9.06941886426546071560138920889798067115249392271 USDC)

Higher than at the start of the window

2026-09-17T16:45:53Z2026-09-18T16:30:53Z

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
SPREAD_EXTREMEthroughout
THIN_DEPTH_5PCTthroughout
ZERO_DEPTH_2PCT16 of 25

25 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.

9.07 USDC (shortened; full value 9.075969477700593985787508198933964053965954347842 USDC)

Limited by liquidation depth

Liquidation termbinds
9.07 USDC (shortened; full value 9.075969477700593985787508198933964053965954347842 USDC)

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

Manipulation term
34.37 USDC (shortened; full value 34.3754685674848125 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
0 USDC
Sell side
8.29 USDC (shortened; full value 8.294337528569682232200668706971816447678579608428 USDC)

5% from mid

Buy side
0.0056 USDC (shortened; full value 0.0056645254701377492274815193 USDC)
Sell side
11.94 USDC (shortened; full value 11.942024332157039337014226652841197742470371586068 USDC)

10% from mid

Buy side
5.80 USDC (shortened; full value 5.800640607152708435098472632 USDC)
Sell side
18.15 USDC (shortened; full value 18.151938955401187971575016397867928107931908695684 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%2.137542 USDC (shortened; full value 2.137542375059100075 USDC)185.58 USDC (shortened; full value 185.5831279839097257513685884104 USDC)137.50 USDC (shortened; full value 137.50187426993925 USDC)
1%2.850056 USDC (shortened; full value 2.8500565000788001 USDC)3,213.80 USDC (shortened; full value 3213.8002172498845592907025005251 USDC)3,120.18 USDC (shortened; full value 3120.18620524933165 USDC)
10%15.675310 USDC (shortened; full value 15.67531075043340055 USDC)6,750.04 USDC (shortened; full value 6750.0478009870706621209397454598 USDC)6,199.24 USDC (shortened; full value 6199.24991255463851 USDC)
100%143.927853 USDC (shortened; full value 143.92785325397940505 USDC)9,685.91 USDC (shortened; full value 9685.9199348973164981045771375158 USDC)7,516.99 USDC (shortened; full value 7516.99991255463851 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