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keel
Ledger
65,276,785
Methodology
1.0.8-draft
Age
3s

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
2.98 USDC (shortened; full value 2.986429670183966491881855461469873903923322853092 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8916359212382548788045900564 USDC)sell2.94 USDC (shortened; full value 2.947114107470237350324342530410117348697348412726 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Lower at the end of the window than at its start

Lowest
0.39924260 USDC (shortened; full value 0.3992426073530878 USDC)
Highest
0.49637337 USDC (shortened; full value 0.4963733758320265 USDC)
2026-10-04T01:54:22Z — 2026-10-24T21:24:23Z
Mid price
0.40302680 USDC (shortened; full value 0.4030268021321826 USDC)
501 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.

Both price sources, not only the one that won, and the pair that set the band.

Price used
0.36869750 USDC (shortened; full value 0.368697502265524 USDC)

AMM pool spot price, because the book and the pool disagree or the book is one-sided

AMM pool spot price
0.36869750 USDC (shortened; full value 0.368697502265524 USDC)

The pool with the largest quote reserve, reported whichever source set the price

Book against pool
not computed

Past the methodology threshold, the pool price is used and PRICE_SOURCE_CONFLICT fires

Spread
not computed

Best ask minus best bid, over the mid