Why this tool is essential
Six findings from live measurement — not theory.
The printed price is not the exit price
A Robinhood stock token can show $215M printed market cap. A $1M cash exit recovers only 85%. Printed valuation and executable exit capacity are different numbers — and the gap can be enormous.
Exit cost at $100k notional (%, absolute)
The metric everyone publishes is the wrong one
Pool TVL ÷ market cap correlates at ρ = −0.66 with measured exit cost. Absolute pool TVL reaches ρ = −0.92. Normalising by valuation actively destroys signal. SPYx ranks worst by TVL/mcap ratio (5.3%) yet executes $100k at 9 basis points.
TVL/mcap ratio vs measured exit cost
Cliffs are invisible to every existing dashboard
STRCx executes cleanly at $150k, then returns $0.04 per token at $200k because the router switches paths. TVL, volume, and price are unchanged. Only a size-dependent quote probe reveals this.
STRCx routing cliff
Hard walls matter more than big slippage numbers
6 of 18 probed assets return no route at $250k. FTR fails above $25k. A no-route ceiling is a harder capacity limit than any slippage percentage.
View in ExplorerYou may not hold the asset you think you do
Searching for a ticker can return many look-alike contracts. One embeds the genuine contract address inside its own name field to defeat string matching. Contract-level authentication is a prerequisite, not a feature.
Quoted depth is not committed depth
Much of the good depth on majors comes from RFQ venues (Riptide, Byreal, AlphaQ) that can withdraw precisely under stress. The scanner tags RFQ share separately instead of merging it into one depth number.
Exit cost at $100k (asset comparison)
Illustrative measured exit impact from the Sep 2026 probe snapshot.
Exit impact @ $100k (%)