USDZ against USDC — what depth stands behind this price?
How has this moved over time?
Price
- Mid price
- 1.00000330 USDC (shortened; full value 1.0000033086537446 USDC)
Higher 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
- 3,614.94 USDC (shortened; full value 3614.9430505344620071322757127711 USDC)
- 5% from mid
- 4,882.14 USDC (shortened; full value 4882.1453968014754053312275714745 USDC)
- 10% from mid
- 5,319.13 USDC (shortened; full value 5319.1368293131400028156871627278 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.
- Manipulation cost, 0.5%
- 4,445.18 USDC (shortened; full value 4445.189292185541689 USDC)
Lower than at the start of the window
Collateral ceiling
- Max safe collateral
- 1,111.29 USDC (shortened; full value 1111.29732304638542225 USDC)
Lower than at the start of the window
2026-09-11T23:48:22Z — 2026-09-18T15:00:58Z
Which checks were firing
Whether a finding has been there all along or started recently. Only checks that fired at least once appear.
MANIPULATION_CHEAPTHIN_DEPTH_5PCT8 readings from horizon, with no gaps reported. One source per chart.
How much can this asset safely back?
Risk band
Critical
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.
1,111.29 USDC (shortened; full value 1111.29732304638542225 USDC)
Limited by manipulation cost
- Liquidation term
- 2,529.90 USDC (shortened; full value 2529.9021374851606013563842652052393998665184573384855 USDC)
Sell-side depth at the liquidation delta, times the haircut.
- Manipulation termbinds
- 1,111.29 USDC (shortened; full value 1111.29732304638542225 USDC)
Order-book-only manipulation cost at the critical delta, times the safety margin.
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% | 1.500004 USDC (shortened; full value 1.5000049629806169 USDC) | 8,507.46 USDC (shortened; full value 8507.4615831325166345588205719873 USDC) | 4,445.18 USDC (shortened; full value 4445.189292185541689 USDC) |
| 1% | 2.000006 USDC (shortened; full value 2.0000066173074892 USDC) | 11,941.02 USDC (shortened; full value 11941.0262759627602339874390170741 USDC) | 4,445.18 USDC (shortened; full value 4445.189292185541689 USDC) |
| 10% | 11.000036 USDC (shortened; full value 11.0000363951911906 USDC) | 46,416.65 USDC (shortened; full value 46416.6538311320793427264400292187 USDC) | 4,445.18 USDC (shortened; full value 4445.189292185541689 USDC) |
| 100% | 101.000334 USDC (shortened; full value 101.0003341740282046 USDC) | 168,437.09 USDC (shortened; full value 168437.0900347206692430074473342002 USDC) | 4,445.18 USDC (shortened; full value 4445.189292185541689 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
- not computed
- Top ten holders
- not computed
- Concentration index
- not computed
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