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keel
Ledger
65,294,246
Methodology
1.0.8-draft
Age
4s

USDZ against USDC — what depth stands behind this price?

All assets

USDZ / USDC

GAKT…6XPR

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
1,048.16 USDC (shortened; full value 1048.1641779927984757758301275 USDC)Limited by manipulation cost
Depth within 5%
buy4,650.13 USDC (shortened; full value 4650.1399259082396410899844645886 USDC)sell3,881.21 USDC (shortened; full value 3881.214660412402319536655949454402903581126027030368 USDC)
Cost to move +50%
4,192.65 USDC (shortened; full value 4192.65671197119390310332051 USDC)Reachable through the order book
Checks
2 triggered3 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
3,698.84 USDC (shortened; full value 3698.8419622658576523039264291357 USDC)
Highest
5,626.13 USDC (shortened; full value 5626.13462482609742414963450035 USDC)
2026-10-28T23:54:28Z — 2026-11-04T01:39:24ZOne scale across every line on this chart
2% from mid
4,382.93 USDC (shortened; full value 4382.9374792356084346165709519837 USDC)
5% from mid
4,650.13 USDC (shortened; full value 4650.1399259082396410899844645886 USDC)
10% from mid
5,087.13 USDC (shortened; full value 5087.1315226265265292237002389096 USDC)
8 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.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout

Not evaluated3

  • 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
4,192.65 USDC (shortened; full value 4192.65671197119390310332051 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
7.85 USDC (shortened; full value 7.8551513 USDC)

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

Cost against genuine volume
533.7461 (shortened; full value 533.7461433710632541353239765095)

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
4,200.51 USDC (shortened; full value 4200.51186327119390310332051 USDC)

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