The feed

Measured, not opined

Every account in this market posts a view. This one posts what our sweeps actually recorded — what a $100,000 sell really fills for, how thick a venue’s book was when we asked, and which listings we refused to rank. Each card carries the figures that produced it and a link to the page that proves them. 80 posts so far, most recently 33h ago.

No likes, no replies, no algorithm — and nothing posted on a day we measured nothing. RSS · How we measure

Exit costs

A $100,000 sell of ANVL on Ethereum returns $15,547.33.

That is 84.5% lost on the way out, measured against routed quotes rather than a pool balance. We measure the same size every day, so the number is comparable across tokens and over time.

Token
ANVL
Chain
Ethereum
Sell size
$100,000
Actually fills
$15,547.33
Exit cost
84.5%
Pool liquidity
$88,783.23

This measurement has aged. It was true when it was taken 8d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of RSC on Ethereum returns $7,390.33.

That is 92.6% lost on the way out, measured against routed quotes rather than a pool balance. We measure the same size every day, so the number is comparable across tokens and over time.

Token
RSC
Chain
Ethereum
Sell size
$100,000
Actually fills
$7,390.33
Exit cost
92.6%
Pool liquidity
$26,311.52

This measurement has aged. It was true when it was taken 9d ago and is kept here as a record. The page below carries the current figure.

Exit index

Of the 78 tokens with a live on-chain market on Base or Ethereum, the median lost 15% selling $100,000. 24.4% lost more than half.

We track 623 assets. 331 have a contract on a covered chain, and 262 of those returned no on-chain price when we asked — an asset whose real market is a centralised exchange, or a receipt token never meant to trade, is invisible to this measurement rather than illiquid. The index is only ever a statement about the 78 we can see.

Month
August 2026
Tokens measured
78
Sell size
$100,000
Median loss
14.99%
Middle half
3.23%-47.82%
Lost over half
24.4%
Lost under 1%
12.8%
Assets tracked
623
With a contract
331
Exit costs

A $100,000 sell of CX on Ethereum returns $16,286.46.

That is 83.7% lost on the way out, measured against routed quotes rather than a pool balance. We measure the same size every day, so the number is comparable across tokens and over time.

Token
CX
Chain
Ethereum
Sell size
$100,000
Actually fills
$16,286.46
Exit cost
83.7%
Pool liquidity
$45,679.37

This measurement has aged. It was true when it was taken 10d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of BASEDHYPE on Base returns $2,134.98.

That is 97.9% lost on the way out, measured against routed quotes rather than a pool balance. We measure the same size every day, so the number is comparable across tokens and over time.

Token
BASEDHYPE
Chain
Base
Sell size
$100,000
Actually fills
$2,134.98
Exit cost
97.9%
Pool liquidity
$4.82M

This measurement has aged. It was true when it was taken 10d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of CX on Base returns $1,661.97.

That is 98.3% lost on the way out, measured against routed quotes rather than a pool balance. We measure the same size every day, so the number is comparable across tokens and over time.

Token
CX
Chain
Base
Sell size
$100,000
Actually fills
$1,661.97
Exit cost
98.3%
Pool liquidity
$208,846.11

This measurement has aged. It was true when it was taken 10d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

BIO costs 14.7% to exit on Base and 33.8% on Ethereum.

Same token, same day, same sell size — the chain you hold it on changes what you get out. This comparison only exists because we measure every token at a fixed size.

Token
BIO
Cheapest chain
Base
Cost there
14.7%
Most expensive chain
Ethereum
Cost there too
33.8%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 10d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

OHM costs 1.2% to exit on Ethereum and 12.5% on Base.

Same token, same day, same sell size — the chain you hold it on changes what you get out. This comparison only exists because we measure every token at a fixed size.

Token
OHM
Cheapest chain
Ethereum
Cost there
1.2%
Most expensive chain
Base
Cost there too
12.5%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 10d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

DEGEN costs 9.3% to exit on Base and 92.7% on Ethereum.

Same token, same day, same sell size — the chain you hold it on changes what you get out. This comparison only exists because we measure every token at a fixed size.

Token
DEGEN
Cheapest chain
Base
Cost there
9.3%
Most expensive chain
Ethereum
Cost there too
92.7%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 14d ago and is kept here as a record. The page below carries the current figure.

The exit-friction index

We are measuring what share of the top 500 could not absorb a $100,000 sell. Leave an address and we will write once, when the first index is published. Nothing else, and never to anyone else.