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 15m 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 ELEPHANT on BNB Chain returns $6,356.29.

That is 93.6% 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
ELEPHANT
Chain
BNB Chain
Sell size
$100,000
Actually fills
$6,356.29
Exit cost
93.6%
Pool liquidity
$19.99M

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.

Exit costs

A $100,000 sell of TEMPLE on Ethereum returns $68.84.

That is 99.9% 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
TEMPLE
Chain
Ethereum
Sell size
$100,000
Actually fills
$68.84
Exit cost
99.9%
Pool liquidity
$61,733.19

This measurement has aged. It was true when it was taken 15d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of EDENA on Ethereum returns $7.34.

That is 100% 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
EDENA
Chain
Ethereum
Sell size
$100,000
Actually fills
$7.34
Exit cost
100%
Pool liquidity
$42,137.35

This measurement has aged. It was true when it was taken 15d ago and is kept here as a record. The page below carries the current figure.

Essays

What a coin can do, and through whom

We ask every coin the same nine questions, from "can it be sold for dollars?" to "can it earn a return by itself?", and name whose permission each answer needs.

Essay
No. 3
Quote
Before asking what a coin is worth, ask what it can do, and through whom.

This measurement has aged. It was true when it was taken 15d 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 $5,198.82.

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
$5,198.82
Exit cost
94.8%
Pool liquidity
$28,773.83

This measurement has aged. It was true when it was taken 16d 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 $2,271.18.

That is 97.7% 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
CHEX
Chain
Base
Sell size
$100,000
Actually fills
$2,271.18
Exit cost
97.7%
Pool liquidity
$35,709.13

This measurement has aged. It was true when it was taken 16d ago and is kept here as a record. The page below carries the current figure.

Exit costs

A $100,000 sell of WOO on Base returns $192.41.

That is 99.8% 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
WOO
Chain
Base
Sell size
$100,000
Actually fills
$192.41
Exit cost
99.8%
Pool liquidity
$137,390.35

This measurement has aged. It was true when it was taken 16d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

PEAS costs 9.6% to exit on Ethereum and 63.2% 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
PEAS
Cheapest chain
Ethereum
Cost there
9.6%
Most expensive chain
Base
Cost there too
63.2%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 16d ago and is kept here as a record. The page below carries the current figure.

Cross-chain

CX costs 60.1% to exit on Base and 95.9% on BNB Chain.

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
CX
Cheapest chain
Base
Cost there
60.1%
Most expensive chain
BNB Chain
Cost there too
95.9%
Sell size, both
$100,000

This measurement has aged. It was true when it was taken 16d 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.