# USDe - Market Depth

**Overview**

This indicator measures the amount of volume the market can process on both the buy-side and sell-side at a specified price impact percentage. Price impact is the difference between the expected price of a trade and the price at which the trade is executed.

**How can I use it?**

<figure><img src="https://lh7-us.googleusercontent.com/oxhxvegafkTEHN0KnyKu2bMK_9A7qmvDzKuI46osHkkTqISrN8z2cQyNfhyB1hbn11oGgIg9kvqjnqApEBCsF3CqUTESVhVEpXciceJkKAuFGtDV4gZKhRkHh-WfhdD9LthZNDzSMHLcpfJv8boeoAg" alt=""><figcaption></figcaption></figure>

This indicator helps understand the depth and liquidity of the market. A higher volume at a given price impact percentage indicates more liquidity, suggesting that large trades can be executed without significantly affecting USDe's price. This is useful for traders and investors planning to execute large trades, as well as for assessing the overall health and liquidity for Ethena.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://resources.defirisk.intotheblock.com/ethena/usde-market-depth.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.