ASPERNWhat vaults returned, not what they advertise

0.00days of MEME volume to unwind the crowd

0ERC-8004 agent registrations read+7400%in 30 days

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Overview Tops & flows Crowding Liquidation stress Risk score Exit register Pulse & what changed Survivorship Observations

MMC index All vaults Compare Assets Depositors

Networks Platforms Methodology Data, API & pricing Status & support

Independent · no paid placement

Alpha

Everything here is read from public on-chain and venue data, so it is bounded by what a chain records. Exposure held on a centralised exchange is invisible to us — a vault that moved its capital to an exchange looks, from here, like a vault that spent it. Coverage is stated on each page rather than assumed, and where a figure cannot be checked the page says so. How this is measured

Liquidation stress

Move one price, revalue every book it touches, and test each account against its maintenance requirement.Note 16

Shock a market Closest to the edge What has happened Break prices What this can see

What this can and cannot see

Books measured: 119
Equity behind them: $94.76M
Holders we cannot measure: 132
Margin state as of: 2026-08-24 22:26Z

132 vaults hold positions without a margin snapshot, so nothing is claimed about them — they are neither liquidated nor safe here. Every figure below is a floor on the damage for that reason, and for a second one: only the named instrument moves, and a market-wide fall hits every leg of every book at once.

The same computation is at GET /api/v1/stress, where ?scale=sigma places the rungs by how far out they are rather than at round numbers. The API also has the cascade — what the forced selling from these liquidations does to everyone else.