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keel
Ledger
65,274,984
Methodology
1.0.8-draft
Age
7s

TREAD against USDC — what depth stands behind this price?

All assets

TREAD / USDC

GANM…6VLM

Risk band

High

partial confidence

A floor: the real band can only be worse.

Max safe collateral
2.99 USDC (shortened; full value 2.992557328088637704759766686038268166960189721554 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8975690781068428188610992238 USDC)sell2.95 USDC (shortened; full value 2.953161096367014418224384601007257231164238854187 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

History

Window
Resolution
Source

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.

Lower at the end of the window than at its start

Lowest
1.16 USDC (shortened; full value 1.167530019178213579662470104 USDC)
Highest
6.00 USDC (shortened; full value 6.000965514529113364607421021 USDC)
2026-10-26T23:54:23Z — 2026-11-02T22:54:19ZOne scale across every line on this chart
2% from mid
1.16 USDC (shortened; full value 1.167530019178213579662470104 USDC)
5% from mid
2.89 USDC (shortened; full value 2.8975690781068428188610992238 USDC)
10% from mid
5.72 USDC (shortened; full value 5.7269313843302923292440372147 USDC)
168 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

Not evaluated5

  • Price sources disagree
  • Extreme spread
  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

An averaging oracle makes an attacker outweigh genuine trading as well as move the book. A market with no genuine volume has no such defence.

Cost of a 50% move, order book only
0 USDC

NOT reachable through the order book: this is the cost of exhausting the book, not of reaching the target

Genuine volume in the oracle window
0 USDC

Over the last 900 seconds (15 minutes), after the genuine-trade filter

Cost against genuine volume
not computed

Below 1, moving the price is cheaper than all genuine trading across the window. Not computed when there was no genuine volume or the target is unreachable

Total attack cost
not computed

The move, plus the genuine volume an averaging oracle forces an attacker to outweigh