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Keel
Ledger
64,491,935
Methodology
1.0.8-draft
Age
5s

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 USDC
10% from mid
5.57 USDC (shortened; full value 5.5777618278692837926784011891 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%
137.50 USDC (shortened; full value 137.50187426993925 USDC)

Unchanged across the window

Collateral ceiling

Max safe collateral
9.18 USDC (shortened; full value 9.18671809376212195394959987285948451523792846081 USDC)

Higher than at the start of the window

2026-09-17T23:45:53Z2026-09-18T15:15:53Z

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_2PCT1 of 2

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

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.

9.20 USDC (shortened; full value 9.201767211431264360750762505024332733193120147518 USDC)

Limited by liquidation depth

Liquidation termbinds
9.20 USDC (shortened; full value 9.201767211431264360750762505024332733193120147518 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
8.54 USDC (shortened; full value 8.545950157792588040339095851576925347697728707091 USDC)

5% from mid

Buy side
0 USDC
Sell side
12.19 USDC (shortened; full value 12.193630610876564395553646892054889062565817592863 USDC)

10% from mid

Buy side
5.54 USDC (shortened; full value 5.547486855408791786275427168 USDC)
Sell side
18.40 USDC (shortened; full value 18.403534422862528721501525010048665466386240295036 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)185.32 USDC (shortened; full value 185.3299006230017188770140627146 USDC)137.50 USDC (shortened; full value 137.50187426993925 USDC)
1%2.850056 USDC (shortened; full value 2.8500565000788001 USDC)3,213.54 USDC (shortened; full value 3213.5469106179341072638403879835 USDC)3,120.18 USDC (shortened; full value 3120.18620524933165 USDC)
10%15.675310 USDC (shortened; full value 15.67531075043340055 USDC)6,749.79 USDC (shortened; full value 6749.7936984129493939134643221541 USDC)6,199.24 USDC (shortened; full value 6199.24991255463851 USDC)
100%143.927853 USDC (shortened; full value 143.92785325397940505 USDC)9,685.66 USDC (shortened; full value 9685.6630152255014923656568329419 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