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. 242 posts so far, most recently 70m 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 O on Base returns $3,697.17.

That is 96.3% 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
O
Chain
Base
Sell size
$100,000
Actually fills
$3,697.17
Exit cost
96.3%
Pool liquidity
$28,793.37

This measurement has aged. It was true when it was taken 19d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of OSAK on BNB Chain returns $5,247.69.

That is 94.8% 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
OSAK
Chain
BNB Chain
Sell size
$100,000
Actually fills
$5,247.69
Exit cost
94.8%
Pool liquidity
$28,642.01

This measurement has aged. It was true when it was taken 20d 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 $770.69.

That is 99.2% 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
$770.69
Exit cost
99.2%
Pool liquidity
$283,502.35

This measurement has aged. It was true when it was taken 21d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

BOLD costs 0% to exit on Ethereum and 87.4% 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
BOLD
Cheapest chain
Ethereum
Cost there
0%
Most expensive chain
Base
Cost there too
87.4%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 22d ago and is kept here as a record. The page below carries the current figure.

Essays

Every coin depends on someone

Owning a coin is not the same as being the only one with power over it. We name who can freeze it, create more of it or change its rules, with the source for each.

Essay
No. 2
Quote
Owning a coin tells you what you hold. It does not tell you who else holds power over it.

This measurement has aged. It was true when it was taken 22d ago and is kept here as a record. The page below carries the current figure.

Library

A word on your seed phrase you can’t read

Every word in a standard recovery phrase comes from a fixed list of 2,048, and each is identified by its first four letters. That makes an unreadable word far more solvable than it looks.

Reading time
3 min

This measurement has aged. It was true when it was taken 23d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of XAUM on Ethereum returns $4,027.30.

That is 96% 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
XAUM
Chain
Ethereum
Sell size
$100,000
Actually fills
$4,027.30
Exit cost
96%
Pool liquidity
$69,481.19

This measurement has aged. It was true when it was taken 23d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of CHEX on Base returns $2,386.38.

That is 97.6% 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
CHEX
Chain
Base
Sell size
$100,000
Actually fills
$2,386.38
Exit cost
97.6%
Pool liquidity
$36,976.34

This measurement has aged. It was true when it was taken 23d ago and is kept here as a record. The page below carries the current figure.

The exit-friction index

Once a month we publish what a $100,000 exit really costs across every token we can measure. Leave an address and this month’s figure arrives straight away, and we will write again when the next index publishes. Nothing else, and never to anyone else.