TGM against USDC — what depth stands behind this price?
How has this moved over time?
Price
- Mid price
- 0.57015629 USDC (shortened; full value 0.5701562968033696 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 4.4139166107928077488679244504 USDC)
- 5% from mid
- 10.95 USDC (shortened; full value 10.95443207000159157232690771 USDC)
- 10% from mid
- 21.65 USDC (shortened; full value 21.6510043861301553583417659915 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 11.31354079315022182101759873619876638322000828749 USDC)
Lower than at the start of the window
2026-09-11T23:48:17Z — 2026-09-18T15:15:58Z
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_HIGH8 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 11.31354079315022182101759873619876638322000828749 USDC)
Limited by liquidation depth
- Liquidation termbinds
- 11.31 USDC (shortened; full value 11.31354079315022182101759873619876638322000828749 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% | 0.855234 USDC (shortened; full value 0.8552344452050544 USDC) | 99.69 USDC (shortened; full value 99.6940591446955229406010222247 USDC) | unreachablebook ends at 0 USDC |
| 1% | 1.140312 USDC (shortened; full value 1.1403125936067392 USDC) | 183.74 USDC (shortened; full value 183.7400387829441445012864176384 USDC) | unreachablebook ends at 0 USDC |
| 10% | 6.271719 USDC (shortened; full value 6.2717192648370656 USDC) | 1,027.62 USDC (shortened; full value 1027.6262476457223082946171452698 USDC) | unreachablebook ends at 0 USDC |
| 100% | 57.585785 USDC (shortened; full value 57.5857859771403296 USDC) | 4,014.41 USDC (shortened; full value 4014.4134539656027084598672640756 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