Grade pillar: depth

Depth is the grade's liquidity pillar: how much it takes to move the price.

The headline figure is D1%, the dollars that move the price by 1%.

The detail line reads that depth against the market cap and against the depth typical at this size. A token without a depth reading has no depth score.

1. 1

   The backend scores the pillar from 0 to 100, against the fleet, and records a one-line reading beside the score. A pillar it couldn't measure has no score and a reason instead: it is dropped, never scored zero.

2. 2

   The grade card places the score on a 0–100 track against the fleet: the median score across every cached token (a tick) and the middle half, the 25th to 75th percentile (a band).

3. 3

   The read also carries the depth figure itself: the dollars that move the price 1%, and that amount in basis points of the market cap.

   basis points of cap = 1% depth ÷ market cap × 10,000

HighShape, not data

Deeper than typical for its size: larger positions can be entered or exited near the current price.

LowShape, not data

Shallower than typical: a modest trade moves the price.

RisingShape, not data

Depth improved at the last grading.

FallingShape, not data

Depth thinned at the last grading.

Evidence in the data, never advice

• 50 is the fleet's typical token, not a pass mark: a 45 is a little below typical, not a fail.
• The detail line is the backend's evidence for the score; the card shows it in the data table and the hover.
• Scores are as of the last grading (the read holds no history of them).
• A token that barely trades can lack a depth reading and drop the pillar.