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 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
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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.