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?

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.