Market Maker
GSR
Crypto-focused MM and OTC desk. Singapore.
Composite Risk
53
Restricted
AI Analitik Brifinqi
On-chain reserves
$32.15M
Reported liabilities (est.)
N/A
Last on-chain activity
19h ago
across 11 chains
Risk Decomposition
Reserve Adequacy25% weight
82On-chain balance vs reported customer liabilities.
Outflow Velocity25% weight
69Lifetime asset turnover — proxy for bank-run vulnerability.
Concentration20% weight
19Top-3 token share of total reserves.
Counterparty Quality15% weight
30Regulatory standing, audit history, incident track record.
Liquidity Profile15% weight
44Stablecoin share and chain diversification.
Recommendation Justification
- Reserve adequacy weak — on-chain balance covers only ?% of reported liabilities.
- Lifetime asset turnover above peer threshold — heightened bank-run sensitivity.
- All other sub-scores within acceptable peer-group thresholds.
Composite
52.6 / 100
Top Holdings
| Token | Chain | USD | Share |
|---|---|---|---|
| usdt | Solana | $5.68M | +17.67% |
| render | Ethereum | $3.13M | +9.74% |
| usds | Ethereum | $2.78M | +8.64% |
| btc | Bitcoin | $2.25M | +7.01% |
| weth | Ethereum | $1.87M | +5.82% |
| zama | Ethereum | $1.80M | +5.60% |
| usdt | Ethereum | $1.50M | +4.66% |
| bsc-usd | BNB | $1.38M | +4.29% |
| eth | Ethereum | $1.15M | +3.58% |
| scor | Base | $928.2K | +2.89% |
Chain Distribution
Ethereum$20.22M · 62.9%
Solana$7.38M · 23.0%
BNB$3.64M · 11.3%
Bitcoin$2.25M · 7.0%
Base$2.23M · 6.9%
Polygon$880.9K · 2.7%
Hyperevm$362.2K · 1.1%
Optimism$234.8K · 0.7%
Counterparty Graph · Top Bilateral Flows
| Counterparty | Sent → | Received ← | Net | Transfers |
|---|---|---|---|---|
| Binance | $0.00 | $19.73M | +$19.73M | 7 |
| Kraken | $0.00 | $6.48M | +$6.48M | 1 |
| Circle | $0.00 | $600.0K | +$600.0K | 1 |
Recent Large Transfers
| Time | Chain | Token | USD | From | To |
|---|---|---|---|---|---|
| 1h ago | Ethereum | USDT | $5.00M | GSR Markets | 0x70eD…58d3 ↗ |
| 1h ago | Ethereum | USDT | $5.00M | Binance | GSR Markets ↗ |
| 2h ago | Ethereum | ETH | $1.25M | GSR Markets | 0xbb42…94c2 ↗ |
| 2h ago | Bitcoin | ? | $1.45M | GSR Markets | — ↗ |
| 2h ago | Bitcoin | ? | $1.21M | GSR Markets | — ↗ |
| 2h ago | Ethereum | ETH | $689.1K | 0x7F51…9199 | GSR Markets ↗ |
| 3h ago | Ethereum | USDS | $556.9K | Binance | GSR Markets ↗ |
| 3h ago | Bitcoin | ? | $559.1K | — | GSR Markets ↗ |
| 4h ago | Ethereum | USDT | $1.56M | GSR Markets | 0xd91F…EB52 ↗ |
| 5h ago | BNB | USDT | $1.38M | GSR Markets | 0x6003…71d9 ↗ |
| 5h ago | Ethereum | USDT | $2.00M | 0x7F51…9199 | GSR Markets ↗ |
| 10h ago | Ethereum | USDC | $600.0K | Circle | GSR Markets ↗ |
| 10h ago | Bitcoin | ? | $779.8K | GSR Markets | — ↗ |
| 17h ago | Ethereum | USDT | $500.0K | GSR Markets | 0x7F51…9199 ↗ |
| 17h ago | Solana | USDT | $2.57M | Binance | GSR Markets ↗ |
| 1d ago | Solana | USDT | $1.50M | GSR Markets | yCpQcq…vw24 ↗ |
| 1d ago | Solana | USDT | $6.48M | Kraken | GSR Markets ↗ |
| 1d ago | Ethereum | ETH | $1.41M | GSR Markets | 0xbb42…94c2 ↗ |
| 1d ago | Bitcoin | ? | $3.66M | GSR Markets | — ↗ |
| 1d ago | Ethereum | ETH | $704.8K | Binance | GSR Markets ↗ |