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. 136 posts so far, most recently 4h ago.

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

Exit index 9d ago

Of the 86 tokens with a live on-chain market on Base or Ethereum, the median lost 14.5% selling $100,000. 25.6% lost more than half.

We track 1,073 assets. 582 have a contract on a covered chain, and 345 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 86 we can see.

Month: September 2026
Tokens measured: 86
Sell size: $100,000
Median loss: 14.53%
Middle half: 3.72%-54.61%
Lost over half: 25.6%
Lost under 1%: 10.5%
Assets tracked: 1,073
With a contract: 582

See the measurement

Exit index 39d ago

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

This measurement has aged. It was true when it was taken 39d ago and is kept here as a record. The page below carries the current figure.

See the measurement

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.