Observed arrival · 2026-08-31
KARST measures the liquidity bottleneck
Credibility concern recorded. The source reference remains available for verification and correction.
A browser-based karst model and Base trading survey arguing that usable liquidity is limited by the narrowest point in a route, not its total depth.
Field notes
KARST pairs a browser simulation with a market-data survey: the model exposes quantities such as discharge, fracture share, and solver residual, while the route study samples Uniswap V3 pools on Base at block 50,629,127. Its central comparison uses 52 two-hop routes, of which 28 have measurable one-percent limits; the reported median is $1,498, despite the shared WETH/USDC hop absorbing at least $1,000,000 inside one percent. Linked sections describe vault, receipt, and private-execution components.
Observed signals
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