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keel
Ledger
65,295,146
Methodology
1.0.8-draft
Age
3s

USDx against USDC — what depth stands behind this price?

All assets

USDx / USDC

GAVH…KDMN

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
0.0000039 USDC (shortened; full value 0.000003978 USDC)Limited by manipulation cost
Depth within 5%
buy4.33 USDC (shortened; full value 4.3317007300196022293464954488 USDC)sell4,592.63 USDC (shortened; full value 4592.634327694029030230854818230579560248665654905856 USDC)
Cost to move +50%
0.000015 USDC (shortened; full value 0.000015912 USDC)Reachable through the order book
Checks
5 triggered3 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.

Higher at the end of the window than at its start

Lowest
0.80 USDC (shortened; full value 0.8029782789481172233825665288 USDC)
Highest
8.26 USDC (shortened; full value 8.2636821231531320352019129452 USDC)
2026-10-05T23:54:27Z — 2026-10-25T22:54:28ZOne scale across every line on this chart
2% from mid
2.10 USDC (shortened; full value 2.100971609321089615647401072 USDC)
5% from mid
4.36 USDC (shortened; full value 4.3651182577238119976809311705 USDC)
10% from mid
8.06 USDC (shortened; full value 8.0679775369356671558174076461 USDC)
21 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
Cheap next to real tradingnowMANIPULATION_RATIO_LOWthroughout
One holder owns most of itnowHOLDER_CONCENTRATION_EXTREMEthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Supply is concentratednowHOLDER_CONCENTRATION_HIGHthroughout

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
0.000015 USDC (shortened; full value 0.000015912 USDC)

The target is reachable through the order book

Genuine volume in the oracle window
0.05 USDC (shortened; full value 0.0519968 USDC)

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

Cost against genuine volume
0.0003 (shortened; full value 0.0003060188319281186534555973)

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
0.05 USDC (shortened; full value 0.052012712 USDC)

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