TGM against USDC — what depth stands behind this price?
How has this moved over time?
Price
- Mid price
- 0.57034524 USDC (shortened; full value 0.5703452427177953 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
- 4.41 USDC (shortened; full value 4.4146490200354588932579540786 USDC)
- 5% from mid
- 10.95 USDC (shortened; full value 10.9562497589167933925429041306 USDC)
- 10% from mid
- 21.65 USDC (shortened; full value 21.6545969768207696875295235847 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.
No point in this range carried a value.
Not enough readings in this window to show a direction.
Collateral ceiling
- Max safe collateral
- 11.31 USDC (shortened; full value 11.3154180696315565379491278984635430985091526567 USDC)
Lower than at the start of the window
2026-09-11T17:48:18Z — 2026-09-18T16:30:58Z
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_5PCTHOLDER_CONCENTRATION_EXTREMEHOLDER_CONCENTRATION_HIGH168 readings from horizon, with no gaps reported. One source per chart.
How much can this asset safely back?
Risk band
High
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.
11.31 USDC (shortened; full value 11.315911646931142479971812474476209368027577761692 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 11.31 USDC (shortened; full value 11.315911646931142479971812474476209368027577761692 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation term
- not applicable
Not applied: the critical target is not reachable through the order book.
What volume can it absorb before the price moves?
- SDEX
- AMM
- Sell side, composition not reported
2% from mid
5% from mid
10% from mid
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?
| Move | Target price | Cost, all venues | Cost, order book only |
|---|---|---|---|
| 0.5% | 0.855592 USDC (shortened; full value 0.85559238885026985 USDC) | 99.71 USDC (shortened; full value 99.7149509275051658115363363024 USDC) | unreachablebook ends at 0 USDC |
| 1% | 1.140789 USDC (shortened; full value 1.1407898518003598 USDC) | 183.77 USDC (shortened; full value 183.7785431533812757337020513687 USDC) | unreachablebook ends at 0 USDC |
| 10% | 6.274344 USDC (shortened; full value 6.2743441849019789 USDC) | 1,027.84 USDC (shortened; full value 1027.8415959278515651322060499233 USDC) | unreachablebook ends at 0 USDC |
| 100% | 57.609887 USDC (shortened; full value 57.6098875159181699 USDC) | 4,015.25 USDC (shortened; full value 4015.2547102521646952976452221809 USDC) | unreachablebook ends at 0 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?
- Largest holder
- 99.9771 % (shortened; full value 99.97717294189273199256889687 %)
- Top ten holders
- 100 %
- Concentration index
- 9,995.43 (shortened; full value 9995.4352525862791707149854093792276907895311238922582601)
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