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keel
Ledger
65,275,885
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 2.98984634689159813427995941522253378916346130209 USDC)Limited by liquidation depth
Depth within 5%
buy2.89 USDC (shortened; full value 2.8949441475118162143734188898 USDC)sell2.95 USDC (shortened; full value 2.950485804525840838751356222283576231295525140895 USDC)
Cost to move +50%
Not reachableThe order book cannot reach the target
Checks
3 triggered5 not evaluated

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
1.21 USDC (shortened; full value 1.2109941096013029602235571866 USDC)
Highest
6.61 USDC (shortened; full value 6.6132796623581006721927988829 USDC)
2026-10-04T00:54:22Z — 2026-10-24T20:09:18ZOne scale across every line on this chart
2% from mid
1.21 USDC (shortened; full value 1.2167737606289956838789860125 USDC)
5% from mid
3.01 USDC (shortened; full value 3.0197819036224619073032399889 USDC)
10% from mid
5.96 USDC (shortened; full value 5.9684802299821001647740010075 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
0.36954291 USDC (shortened; full value 0.3695429195443931 USDC)

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

AMM pool spot price
0.36954291 USDC (shortened; full value 0.3695429195443931 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