[Anthias Labs] Weekly Market Updates

Weekly Update (6/28/25 - 7/4/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 6/28/25 to 7/4/25.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 43.31% 45.74% 87.11%
WETH 64.00K 96.00K 40.10% 32.14% 82.99%
USDS 690.00K 750.00K 1.34% 1.51% 81.44%
EURC 21.00M 21.90M 18.74% 27.25% 65.95%
DAI 300.00K 400.00K 6.38% 7.97% 59.99%
AERO 25.00M 70.00M 45.20% 35.12% 46.08%
VIRTUAL 2.30M 4.50M 23.96% 38.91% 31.48%
cbXRP 500.00K 1.00M 13.87% 26.30% 27.02%
tBTC 36.00 90.00 8.72% 14.35% 24.32%
LBTC 38.00 95.00 29.96% 49.88% 24.01%
WELL 75.00M 150.00M 31.90% 86.86% 19.03%
MORPHO 1.00M 4.00M 51.47% 72.23% 18.06%
cbBTC 640.00 1.50K 18.17% 47.84% 16.20%
USDbC 1.00 1.00 155.04K% 1.21M% 12.86%
wstETH 4.80K 14.40K 5.13% 31.73% 5.39%
cbETH 6.40K 16.00K 1.34% 16.66% 3.22%
rETH 900.00 2.60K 2.58% 49.04% 1.82%
weETH 700.00 4.00K 4.52% 49.89% 1.58%
wrsETH 430.00 1.00K 0.17% 17.64% 0.42%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC +4% from 79.75M USDC to 82.88M USDC +0% from 92.48M USDC to 92.87M USDC +3% from 86.24% to 89.24%
WETH -26% from 31.25K WETH to 23.26K WETH -22% from 36.47K WETH to 28.42K WETH -4% from 85.68% to 81.86%
USDS +1% from 9.16K USDS to 9.27K USDS -1% from 11.38K USDS to 11.23K USDS +3% from 80.49% to 82.54%
EURC +5% from 3.92M EURC to 4.11M EURC +5% from 5.85M EURC to 6.13M EURC -0% from 67.00% to 66.93%
DAI -3% from 19.43K DAI to 18.94K DAI -2% from 32.37K DAI to 31.71K DAI -1% from 60.03% to 59.71%
AERO +39% from 8.97M AERO to 12.51M AERO -5% from 25.25M AERO to 24.07M AERO +46% from 35.53% to 51.97%
VIRTUAL -29% from 582.50K VIRTUAL to 412.51K VIRTUAL -3% from 1.76M VIRTUAL to 1.70M VIRTUAL -27% from 33.16% to 24.31%
cbXRP +17% from 11.65K cbXRP to 13.60K cbXRP +20% from 238.99K cbXRP to 287.28K cbXRP -3% from 4.87% to 4.73%
tBTC -4% from 3.17 tBTC to 3.04 tBTC -2% from 12.78 tBTC to 12.54 tBTC -2% from 24.80% to 24.24%
LBTC +8% from 11.14 LBTC to 12.01 LBTC +4% from 46.89 LBTC to 48.66 LBTC +4% from 23.77% to 24.68%
WELL -38% from 26.61M WELL to 16.39M WELL +45% from 99.05M WELL to 143.30M WELL -57% from 26.86% to 11.44%
MORPHO +6% from 497.82K MORPHO to 526.08K MORPHO +48% from 2.70M MORPHO to 4.00M MORPHO -29% from 18.47% to 13.15%
cbBTC +1% from 115.89 cbBTC to 117.32 cbBTC +1% from 719.15 cbBTC to 724.14 cbBTC +1% from 16.11% to 16.20%
USDbC +0% from 1.55K USDbC to 1.55K USDbC -3% from 12.14K USDbC to 11.73K USDbC +3% from 12.77% to 13.21%
wstETH -65% from 259.09 wstETH to 90.15 wstETH -1% from 4.62K wstETH to 4.59K wstETH -65% from 5.61% to 1.96%
cbETH -19% from 89.15 cbETH to 72.57 cbETH -1% from 2.68K cbETH to 2.66K cbETH -18% from 3.33% to 2.73%
rETH +0% from 23.22 rETH to 23.22 rETH -5% from 1.29K rETH to 1.23K rETH +5% from 1.80% to 1.89%
weETH -5% from 32.92 weETH to 31.15 weETH -0% from 2.00K weETH to 1.99K weETH -5% from 1.65% to 1.57%
wrsETH +6% from 0.57 wrsETH to 0.61 wrsETH -46% from 278.35 wrsETH to 151.25 wrsETH +95% from 0.21% to 0.40%

Notable Trends

  • AERO borrows up 39%, utilization from 35.53% to 51.97%
  • MORPHO supply up 48%, from 2.70M to 4.00M, supply cap maxed
  • VIRTUAL borrows down 29%, from 582.50K to 412.51K
  • WETH borrows down 26%, from 31.25K to 23.26K
  • WETH supply down 22%, from 36.47K to 28.42K
  • WELL borrows down 38%, from 26.61M to 16.39M
  • WELL supply up 45%, from 99.05M to 143.30M
  • wstETH borrows down 65%, from 259.09 to 90.15

Liquidations

  • Total liquidations: 44
  • Total Collateral Seized (USD): $41,962.43
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
weETH 12.887000 $32,793.90 1
USDC 5,429.562300 $5,429.27 10
VIRTUAL 2,243.349000 $3,450.45 2
AERO 253.619875 $202.20 5
WETH 0.018991 $46.25 24
cbBTC 0.000331 $35.46 1
WELL 190.263000 $4.90 1

OP Mainnet

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 30.00K 32.00K 34.10% 36.41% 87.81%
DAI 4.50M 4.80M 7.78% 8.21% 87.80%
USDC 34.00M 36.40M 26.55% 29.15% 85.07%
USDT 18.40M 22.60M 1.61% 1.60% 78.67%
USDT0 8.00M 10.00M 32.24% 41.27% 63.52%
wrsETH 160.00 400.00 3.05% 8.80% 13.86%
rETH 340.00 750.00 3.07% 14.30% 9.74%
VELO 20.00M 68.00M 14.82% 57.08% 7.63%
OP 650.00K 5.60M 21.96% 44.84% 5.69%
wstETH 1.50K 5.00K 3.27% 20.00% 4.91%
WBTC 0.00 0.00 0.00% 0.00% 4.31%
weETH 220.00 1.20K 13.30% 99.90% 2.44%
cbETH 0.00 10.00 0.00% 9.01% 0.20%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH +2% from 10.19K WETH to 10.40K WETH +3% from 11.51K WETH to 11.88K WETH -1% from 88.50% to 87.58%
DAI +19% from 398.92K DAI to 472.98K DAI +17% from 440.95K DAI to 517.19K DAI +1% from 90.47% to 91.45%
USDC +15% from 7.88M USDC to 9.03M USDC +14% from 9.21M USDC to 10.51M USDC +0% from 85.56% to 85.89%
USDT -28% from 423.87K USDT to 306.50K USDT -23% from 476.72K USDT to 368.95K USDT -7% from 88.91% to 83.07%
USDT0 -5% from 2.67M USDT0 to 2.54M USDT0 -31% from 4.96M USDT0 to 3.42M USDT0 +38% from 53.86% to 74.29%
wrsETH -22% from 5.49 wrsETH to 4.29 wrsETH -0% from 35.20 wrsETH to 35.17 wrsETH -22% from 15.60% to 12.20%
rETH +13% from 10.21 rETH to 11.49 rETH +2% from 106.29 rETH to 108.85 rETH +10% from 9.60% to 10.56%
VELO +19% from 2.52M VELO to 3.00M VELO +1% from 38.71M VELO to 39.03M VELO +18% from 6.52% to 7.68%
OP +1% from 142.71K OP to 144.05K OP +1% from 2.49M OP to 2.52M OP -0% from 5.73% to 5.71%
wstETH +1% from 48.99 wstETH to 49.24 wstETH -1% from 1.02K wstETH to 1.01K wstETH +2% from 4.81% to 4.89%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC 0% from 4.31% to 4.31%
weETH -66% from 40.45 weETH to 13.69 weETH +0% from 1.20K weETH to 1.20K weETH -66% from 3.38% to 1.14%
cbETH -91% from 0.00 cbETH to 0.00 cbETH -0% from 0.90 cbETH to 0.90 cbETH -93% from 0.24% to 0.02%

Notable Trends

  • weETH borrows down 66% (40.45 to 13.69), supply cap maxed
  • USDT0 supply down 31% (4.96M to 3.42M)
  • DAI utilization crossed 90% kink

Liquidations

No liquidation events on OP Mainnet this week.

Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
GLMR 0.1 6419.58M% 0.00% 56.02%
xcUSDC 0.1 100.75M% 0.00% 39.65%
xcUSDT 0.1 92.72M% 0.00% 38.42%
USDC_wh 0.1 43.27M% 0.00% 34.86%
xcDOT 0.1 23.37M% 0.00% 4.27%
ETH_wh 0.1 1.44K% 0.00% 2.81%
FRAX 0.1 455.10K% 0.00% 0.82%
BTC_wh 0.1 10.01% 0.00% 0.80%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +0% from 6.41M GLMR to 6.43M GLMR -4% from 11.63M GLMR to 11.15M GLMR +5% from 55.15% to 57.67%
xcUSDC -0% from 100.87K xcUSDC to 100.64K xcUSDC +0% from 254.03K xcUSDC to 254.10K xcUSDC -0% from 39.71% to 39.61%
xcUSDT -0% from 92.87K xcUSDT to 92.57K xcUSDT -1% from 243.36K xcUSDT to 241.11K xcUSDT +1% from 38.16% to 38.40%
USDC_wh +0% from 43.17K USDC_wh to 43.33K USDC_wh +2% from 121.48K USDC_wh to 124.44K USDC_wh -2% from 35.53% to 34.82%
xcDOT +0% from 23.37K xcDOT to 23.37K xcDOT -1% from 551.12K xcDOT to 545.51K xcDOT +1% from 4.24% to 4.28%
ETH_wh -4% from 1.46 ETH_wh to 1.41 ETH_wh -0% from 51.37 ETH_wh to 51.30 ETH_wh -4% from 2.84% to 2.74%
FRAX +0% from 455.09 FRAX to 455.10 FRAX +12% from 50.32K FRAX to 56.32K FRAX -11% from 0.90% to 0.81%
BTC_wh +19% from 0.01 BTC_wh to 0.01 BTC_wh -1% from 1.25 BTC_wh to 1.24 BTC_wh +20% from 0.68% to 0.82%

Liquidations

  • Total liquidations: 2
  • Total Collateral Seized (USD): $41.58
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
xcDOT 11.191500 $38.05 1
GLMR 56.495400 $3.53 1

Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
xcKSM 0.10 8.43M% 0.00% 41.27%
FRAX 0.10 76.85M% 0.00% 21.69%
MOVR 0.10 3.80M% 0.00% 2.51%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 8.43K xcKSM to 8.43K xcKSM -2% from 20.42K xcKSM to 20.06K xcKSM +2% from 41.27% to 42.01%
FRAX -0% from 77.00K FRAX to 76.78K FRAX -0% from 354.47K FRAX to 354.43K FRAX -0% from 21.72% to 21.66%
MOVR +0% from 3.80K MOVR to 3.80K MOVR -1% from 151.26K MOVR to 150.43K MOVR +1% from 2.51% to 2.53%

Liquidations

No liquidation events on Moonriver this week.

2 Likes

Weekly Update (7/5/25 - 7/12/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 7/5/25 to 7/12/25. More information can be found on our monitoring dashboard: link.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 43.17% 44.58% 89.10%
USDS 690.00K 750.00K 1.46% 1.55% 86.90%
WETH 64.00K 96.00K 37.53% 30.92% 80.93%
EURC 21.00M 21.90M 20.12% 28.21% 68.42%
DAI 300.00K 400.00K 6.33% 7.90% 60.05%
AERO 25.00M 70.00M 52.83% 34.48% 54.71%
cbXRP 500.00K 1.00M 21.11% 34.23% 31.72%
VIRTUAL 2.30M 4.50M 23.86% 40.71% 29.84%
tBTC 36.00 90.00 8.43% 13.42% 25.18%
LBTC 38.00 95.00 28.69% 50.00% 22.95%
cbBTC 640.00 1.50K 18.74% 48.63% 16.44%
WELL 75.00M 150.00M 26.80% 97.74% 13.70%
MORPHO 1.00M 4.00M 53.22% 98.92% 13.45%
USDbC 1.00 1.00 155.05K% 1.16M% 13.38%
cbETH 6.40K 16.00K 1.08% 16.53% 2.62%
wstETH 4.80K 14.40K 1.93% 31.22% 2.06%
weETH 700.00 4.00K 4.45% 45.84% 2.02%
rETH 900.00 2.60K 2.35% 47.33% 1.72%
wrsETH 430.00 1.00K 0.15% 15.16% 0.42%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -5% from 82.75M USDC to 78.44M USDC -3% from 92.52M USDC to 89.68M USDC -2% from 89.44% to 87.47%
USDS +27% from 9.27K USDS to 11.79K USDS +23% from 11.23K USDS to 13.77K USDS +4% from 82.54% to 85.63%
WETH +10% from 23.31K WETH to 25.62K WETH +13% from 28.42K WETH to 32.07K WETH -3% from 82.03% to 79.87%
EURC +26% from 4.05M EURC to 5.09M EURC +3% from 6.27M EURC to 6.47M EURC +22% from 64.66% to 78.75%
DAI +1% from 18.94K DAI to 19.13K DAI -1% from 31.71K DAI to 31.51K DAI +2% from 59.71% to 60.71%
AERO +3% from 12.24M AERO to 12.63M AERO +0% from 24.07M AERO to 24.15M AERO +3% from 50.84% to 52.30%
cbXRP +0% from 109.42K cbXRP to 109.48K cbXRP +52% from 287.48K cbXRP to 435.71K cbXRP -34% from 38.06% to 25.13%
VIRTUAL +7% from 413.17K VIRTUAL to 440.19K VIRTUAL +4% from 1.70M VIRTUAL to 1.77M VIRTUAL +2% from 24.34% to 24.85%
tBTC -21% from 3.04 tBTC to 2.40 tBTC -12% from 12.63 tBTC to 11.08 tBTC -10% from 24.06% to 21.67%
LBTC +20% from 9.41 LBTC to 11.33 LBTC +4% from 46.06 LBTC to 47.82 LBTC +16% from 20.43% to 23.70%
cbBTC +1% from 118.16 cbBTC to 119.24 cbBTC +2% from 725.50 cbBTC to 742.98 cbBTC -1% from 16.29% to 16.05%
WELL +51% from 16.40M WELL to 24.82M WELL +4% from 143.49M WELL to 148.79M WELL +46% from 11.43% to 16.68%
MORPHO -0% from 526.06K MORPHO to 523.59K MORPHO -1% from 4.00M MORPHO to 3.96M MORPHO +1% from 13.15% to 13.23%
USDbC +0% from 1.55K USDbC to 1.55K USDbC -9% from 11.73K USDbC to 10.65K USDbC +10% from 13.21% to 14.55%
cbETH -17% from 72.67 cbETH to 60.38 cbETH -2% from 2.66K cbETH to 2.61K cbETH -15% from 2.73% to 2.32%
wstETH +92% from 90.15 wstETH to 172.88 wstETH +6% from 4.60K wstETH to 4.85K wstETH +82% from 1.96% to 3.57%
weETH +0% from 31.15 weETH to 31.16 weETH -72% from 1.99K weETH to 559.74 weETH +256% from 1.57% to 5.57%
rETH -47% from 23.22 rETH to 12.24 rETH -1% from 1.23K rETH to 1.22K rETH -47% from 1.88% to 1.00%
wrsETH -21% from 0.61 wrsETH to 0.48 wrsETH +2% from 151.25 wrsETH to 154.04 wrsETH -22% from 0.40% to 0.31%

Notable Trends

  • WELL borrows increased 51% from 16.4M to 24.82M WELL
  • wstETH borrows increased 92% from 90.15 to 172.88 wstETH
  • cbXRP supply increased 52% from 287.48K to 435.71K cbXRP
  • weETH supply decreased 72% from 1.99K to 559.74 weETH

Liquidations

  • Total liquidations: 71
  • Total Collateral Seized (USD): $202,509.72
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
cbBTC 1.275812 $137,638.00 3
USDC 26,956.978949 $26,953.99 27
AERO 14,283.068200 $10,416.70 8
wstETH 3.288692 $10,020.54 3
WETH 3.802628 $9,551.61 21
LBTC 0.029133 $3,379.89 1
VIRTUAL 1,872.323000 $3,059.24 2
cbXRP 591.310000 $1,379.11 2
EURC 91.782930 $107.16 2
WELL 114.443000 $3.23 1
weETH 0.000077 $0.25 1


Optimism

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 30.00K 32.00K 34.43% 36.56% 88.30%
USDC 34.00M 36.40M 26.72% 28.68% 87.09%
DAI 4.50M 4.80M 6.96% 7.49% 85.64%
USDT 18.40M 22.60M 1.90% 1.82% 83.21%
USDT0 8.00M 10.00M 28.08% 29.75% 75.55%
wrsETH 160.00 400.00 2.66% 9.04% 11.79%
VELO 20.00M 68.00M 16.51% 58.54% 8.29%
rETH 340.00 750.00 3.38% 19.97% 7.69%
OP 650.00K 5.60M 24.36% 44.00% 6.43%
wstETH 1.50K 5.00K 3.60% 20.84% 5.18%
WBTC 0.00 0.00 0.00% 0.00% 4.31%
weETH 220.00 1.20K 5.96% 98.89% 1.11%
cbETH 0.00 10.00 0.00% 9.00% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH +4% from 10.40K WETH to 10.79K WETH +4% from 11.88K WETH to 12.31K WETH +0% from 87.57% to 87.69%
USDC +20% from 9.03M USDC to 10.80M USDC +19% from 10.51M USDC to 12.52M USDC +0% from 85.89% to 86.28%
DAI -30% from 473.01K DAI to 330.95K DAI -26% from 518.77K DAI to 385.01K DAI -6% from 91.18% to 85.96%
USDT +76% from 306.50K USDT to 538.63K USDT +63% from 368.95K USDT to 599.92K USDT +8% from 83.07% to 89.78%
USDT0 -31% from 2.54M USDT0 to 1.76M USDT0 -36% from 3.41M USDT0 to 2.17M USDT0 +9% from 74.52% to 81.33%
wrsETH -1% from 4.29 wrsETH to 4.26 wrsETH +3% from 35.17 wrsETH to 36.26 wrsETH -4% from 12.20% to 11.74%
VELO +4% from 3.00M VELO to 3.12M VELO +2% from 39.03M VELO to 39.87M VELO +2% from 7.68% to 7.83%
rETH +0% from 11.49 rETH to 11.50 rETH +39% from 108.85 rETH to 150.91 rETH -28% from 10.56% to 7.62%
OP +11% from 145.05K OP to 161.50K OP -1% from 2.49M OP to 2.46M OP +13% from 5.83% to 6.56%
wstETH +16% from 49.29 wstETH to 57.04 wstETH +10% from 1.01K wstETH to 1.11K wstETH +5% from 4.90% to 5.16%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.31% to 4.32%
weETH -35% from 13.69 weETH to 8.85 weETH -1% from 1.20K weETH to 1.19K weETH -35% from 1.14% to 0.74%
cbETH 0% from 0.00 cbETH to 0.00 cbETH 0% from 0.90 cbETH to 0.90 cbETH +0% from 0.02% to 0.02%

Notable Trends

  • USDT borrows increased 76% from 306.50K to 538.63K USDT
  • USDT supply increased 63% from 368.95K to 599.92K USDT

Liquidations

  • Total liquidations: 6
  • Total Collateral Seized (USD): $17,425.71
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
USDT0 131.993058 $13,203.21 3
USDC 4,222.530000 $4,222.12 1
OP 5,207,780,000.000000 $0.27 1
WETH 0.000045 $0.12 1


Moonbeam

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 0.00 6444.00M% 58.51%
xcUSDC 0.10 0.00 100.34M% 38.61%
xcUSDT 0.10 0.00 90.79M% 37.21%
USDC_wh 0.10 0.00 43.27M% 34.75%
xcDOT 0.10 0.00 23.37M% 4.27%
ETH_wh 0.10 0.00 1.39K% 2.71%
FRAX 0.10 0.00 455.11K% 0.80%
BTC_wh 0.10 0.00 9.28% 0.74%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +0% from 6.43M GLMR to 6.46M GLMR -6% from 11.15M GLMR to 10.49M GLMR +7% from 57.67% to 61.61%
xcUSDC -1% from 100.64K xcUSDC to 99.97K xcUSDC +5% from 254.10K xcUSDC to 267.72K xcUSDC -6% from 39.61% to 37.34%
xcUSDT -7% from 92.57K xcUSDT to 85.73K xcUSDT +18% from 241.11K xcUSDT to 283.53K xcUSDT -21% from 38.40% to 30.24%
USDC_wh -1% from 43.33K USDC_wh to 42.92K USDC_wh +0% from 124.44K USDC_wh to 124.61K USDC_wh -1% from 34.82% to 34.44%
xcDOT -0% from 23.37K xcDOT to 23.37K xcDOT +1% from 545.51K xcDOT to 548.51K xcDOT -1% from 4.28% to 4.26%
ETH_wh -2% from 1.41 ETH_wh to 1.37 ETH_wh +0% from 51.30 ETH_wh to 51.30 ETH_wh -2% from 2.74% to 2.68%
FRAX +0% from 455.10 FRAX to 455.12 FRAX -10% from 56.32K FRAX to 50.52K FRAX +11% from 0.81% to 0.90%
BTC_wh -34% from 0.01 BTC_wh to 0.01 BTC_wh 0% from 1.24 BTC_wh to 1.24 BTC_wh -34% from 0.82% to 0.54%

Liquidations

  • Total liquidations: 2
  • Total Collateral Seized (USD): $38.59
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
GLMR 567.755860 $38.59 2


Moonriver

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 0.00 6.89M% 37.18%
FRAX 0.10 0.00 76.87M% 23.78%
MOVR 0.10 0.00 3.80M% 2.53%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM -20% from 8.43K xcKSM to 6.78K xcKSM -10% from 20.06K xcKSM to 18.15K xcKSM -11% from 42.01% to 37.34%
FRAX +0% from 76.78K FRAX to 77.03K FRAX -9% from 354.43K FRAX to 321.42K FRAX +11% from 21.66% to 23.96%
MOVR +0% from 3.80K MOVR to 3.80K MOVR +0% from 150.43K MOVR to 150.47K MOVR -0% from 2.53% to 2.53%

Liquidations

No liquidations on Moonriver this week.

1 Like

Weekly Update (7/12/25 - 7/17/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 7/11/25 to 7/17/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 42.72% 44.41% 88.53%
USDS 690.00K 750.00K 1.47% 1.63% 83.00%
WETH 64.00K 96.00K 38.22% 31.86% 79.94%
EURC 21.00M 21.90M 22.19% 27.47% 77.41%
DAI 300.00K 400.00K 6.12% 7.87% 58.32%
AERO 25.00M 70.00M 50.60% 34.78% 51.97%
VIRTUAL 2.30M 4.50M 24.39% 39.54% 31.53%
cbXRP 500.00K 1.00M 26.35% 46.56% 28.27%
LBTC 38.00 95.00 30.90% 50.46% 24.49%
tBTC 36.00 90.00 7.51% 12.61% 23.87%
WELL 75.00M 150.00M 35.40% 99.26% 17.83%
cbBTC 640.00 1.50K 19.34% 47.84% 17.27%
USDbC 1.00 1.00 153.23K% 1.07M% 14.32%
MORPHO 1.00M 4.00M 52.02% 99.06% 13.13%
weETH 700.00 4.00K 4.39% 15.74% 5.03%
wstETH 4.80K 14.40K 4.47% 33.39% 4.44%
cbETH 6.40K 16.00K 1.00% 16.53% 2.41%
rETH 900.00 2.60K 1.41% 49.11% 1.00%
wrsETH 430.00 1.00K 0.10% 15.37% 0.28%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC +1% from 77.31M USDC to 78.45M USDC -1% from 87.90M USDC to 87.28M USDC +2% from 87.95% to 89.89%
USDS -14% from 10.96K USDS to 9.40K USDS -18% from 13.77K USDS to 11.29K USDS +5% from 79.60% to 83.32%
WETH -19% from 26.67K WETH to 21.53K WETH -16% from 31.92K WETH to 26.82K WETH -4% from 83.54% to 80.29%
EURC -9% from 4.39M EURC to 3.98M EURC -8% from 6.12M EURC to 5.64M EURC -2% from 71.68% to 70.53%
DAI -9% from 19.14K DAI to 17.40K DAI -0% from 31.53K DAI to 31.43K DAI -9% from 60.70% to 55.35%
AERO -20% from 13.82M AERO to 11.09M AERO +1% from 24.30M AERO to 24.45M AERO -20% from 56.85% to 45.35%
VIRTUAL -15% from 485.49K VIRTUAL to 412.62K VIRTUAL -5% from 1.85M VIRTUAL to 1.76M VIRTUAL -11% from 26.29% to 23.41%
cbXRP +46% from 108.88K cbXRP to 159.04K cbXRP +35% from 428.00K cbXRP to 579.34K cbXRP +8% from 25.44% to 27.45%
LBTC +28% from 11.33 LBTC to 14.45 LBTC +4% from 47.84 LBTC to 49.86 LBTC +22% from 23.69% to 28.98%
tBTC +1% from 3.02 tBTC to 3.05 tBTC +9% from 11.57 tBTC to 12.62 tBTC -8% from 26.13% to 24.15%
WELL +16% from 24.50M WELL to 28.49M WELL +3% from 145.66M WELL to 149.49M WELL +13% from 16.82% to 19.06%
cbBTC +10% from 121.32 cbBTC to 133.13 cbBTC -3% from 732.51 cbBTC to 709.63 cbBTC +13% from 16.56% to 18.76%
USDbC -2% from 1.55K USDbC to 1.52K USDbC -6% from 11.29K USDbC to 10.64K USDbC +4% from 13.74% to 14.27%
MORPHO -5% from 538.77K MORPHO to 509.45K MORPHO +1% from 3.95M MORPHO to 4.00M MORPHO -7% from 13.64% to 12.73%
weETH +0% from 31.16 weETH to 31.23 weETH -65% from 2.00K weETH to 709.40 weETH +183% from 1.56% to 4.40%
wstETH +0% from 88.32 wstETH to 88.74 wstETH +16% from 4.49K wstETH to 5.21K wstETH -13% from 1.97% to 1.70%
cbETH +9% from 60.43 cbETH to 65.57 cbETH +5% from 2.63K cbETH to 2.76K cbETH +3% from 2.30% to 2.37%
rETH +28% from 12.24 rETH to 15.71 rETH +6% from 1.22K rETH to 1.29K rETH +21% from 1.00% to 1.22%
wrsETH -69% from 0.75 wrsETH to 0.23 wrsETH +1% from 152.77 wrsETH to 153.64 wrsETH -69% from 0.49% to 0.15%

Notable Trends

  • 46% increase in cbXRP borrows from 108.88K to 159.04K cbXRP
  • 35% increase in cbXRP supply from 428.00K to 579.34K cbXRP
  • 65% decrease in weETH supply from 2.00K to 709.40 weETH

Liquidations

  • Total liquidations: 105
  • Total Collateral Seized (USD): $129,994.06
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
USDC 52,321.254381 $52,315.14 46
AERO 34,774.850200 $31,071.68 12
EURC 21,983.782700 $25,600.00 11
VIRTUAL 7,631.545000 $13,540.36 8
cbETH 1.559843 $5,094.95 2
WETH 0.348942 $1,037.75 12
tBTC 55,242,400.000000 $645.65 2
LBTC 0.002234 $265.56 1
cbXRP 76.268000 $211.07 1
cbBTC 0.001766 $207.16 8
wstETH 0.001105 $4.50 1
weETH 0.000077 $0.25 1


Optimism

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 30.00K 32.00K 34.20% 36.42% 88.16%
USDC 34.00M 36.40M 34.10% 36.16% 88.13%
USDT0 8.00M 10.00M 23.46% 21.77% 86.39%
USDT 18.40M 22.60M 2.09% 1.98% 84.79%
DAI 4.50M 4.80M 6.49% 7.17% 84.35%
wrsETH 160.00 400.00 2.66% 9.13% 11.66%
rETH 340.00 750.00 3.55% 19.47% 8.44%
VELO 20.00M 68.00M 14.30% 59.24% 7.11%
OP 650.00K 5.60M 23.60% 43.87% 6.25%
wstETH 1.50K 5.00K 3.87% 21.80% 5.33%
WBTC 0.00 0.00 0.00% 0.00% 4.32%
weETH 220.00 1.20K 5.14% 99.37% 0.95%
cbETH 0.00 10.00 0.00% 9.00% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH -32% from 10.38K WETH to 7.11K WETH -33% from 11.83K WETH to 7.87K WETH +3% from 87.73% to 90.31%
USDC -2% from 11.93M USDC to 11.69M USDC -1% from 13.51M USDC to 13.31M USDC -1% from 88.32% to 87.79%
USDT0 +10% from 1.78M USDT0 to 1.96M USDT0 -1% from 2.22M USDT0 to 2.19M USDT0 +11% from 80.24% to 89.30%
USDT +49% from 255.30K USDT to 380.26K USDT +39% from 319.19K USDT to 443.41K USDT +7% from 79.99% to 85.76%
DAI +98% from 255.59K DAI to 507.32K DAI +80% from 309.78K DAI to 556.09K DAI +11% from 82.51% to 91.23%
wrsETH +0% from 4.26 wrsETH to 4.26 wrsETH +7% from 36.26 wrsETH to 38.72 wrsETH -6% from 11.74% to 11.00%
rETH +44% from 11.49 rETH to 16.54 rETH -36% from 150.92 rETH to 95.84 rETH +127% from 7.62% to 17.26%
VELO -24% from 3.23M VELO to 2.45M VELO +3% from 39.96M VELO to 41.35M VELO -27% from 8.08% to 5.93%
OP -25% from 169.49K OP to 127.45K OP +2% from 2.46M OP to 2.51M OP -26% from 6.89% to 5.08%
wstETH +19% from 57.04 wstETH to 67.87 wstETH +1% from 1.05K wstETH to 1.06K wstETH +18% from 5.41% to 6.38%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.32% to 4.32%
weETH +76% from 9.79 weETH to 17.20 weETH +1% from 1.19K weETH to 1.20K weETH +74% from 0.82% to 1.43%
cbETH 0% from 0.00 cbETH to 0.00 cbETH 0% from 0.90 cbETH to 0.90 cbETH 0% from 0.02% to 0.02%

Notable Trends

  • 49% increase in USDT borrows from 255.30K to 380.26K USDT
  • 39% increase in USDT supply from 319.19K to 443.41K USDT
  • 98% increase in DAI borrows from 255.59K to 507.32K DAI
  • 80% increase in DAI supply from 309.78K to 556.09K DAI
  • 32% decrease in WETH borrows from 10.38K to 7.11K WETH
  • 33% decrease in WETH supply from 11.83K to 7.87K WETH

Liquidations

  • Total liquidations: 9
  • Total Collateral Seized (USD): $23,455.97
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
wstETH 5.325800 $19,012.40 1
USDC 4,222.530000 $4,222.12 1
USDT 220.8137 $220.84 5
USDT0 0.6051 $0.61 2


Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6475.90M% 60.48%
xcUSDC 0.10 99.80M% 37.31%
USDC_wh 0.10 42.34M% 33.95%
xcUSDT 0.10 84.89M% 30.14%
xcDOT 0.10 23.21M% 4.30%
ETH_wh 0.10 1.37K% 2.68%
FRAX 0.10 455.12K% 0.99%
BTC_wh 0.10 6.70% 0.54%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.45M GLMR to 6.49M GLMR +2% from 10.83M GLMR to 11.00M GLMR -1% from 59.59% to 59.03%
xcUSDC -0% from 100.18K xcUSDC to 99.77K xcUSDC +1% from 265.47K xcUSDC to 267.67K xcUSDC -1% from 37.74% to 37.27%
USDC_wh -3% from 42.98K USDC_wh to 41.58K USDC_wh +0% from 124.59K USDC_wh to 124.87K USDC_wh -3% from 34.50% to 33.30%
xcUSDT -2% from 85.81K xcUSDT to 83.91K xcUSDT +18% from 241.17K xcUSDT to 285.29K xcUSDT -17% from 35.58% to 29.41%
xcDOT -1% from 23.37K xcDOT to 23.18K xcDOT -2% from 548.57K xcDOT to 536.61K xcDOT +1% from 4.26% to 4.32%
ETH_wh -4% from 1.37 ETH_wh to 1.32 ETH_wh -2% from 51.30 ETH_wh to 50.46 ETH_wh -2% from 2.68% to 2.62%
FRAX +0% from 455.12 FRAX to 455.12 FRAX -26% from 56.42K FRAX to 41.68K FRAX +35% from 0.81% to 1.09%
BTC_wh 0% from 0.01 BTC_wh to 0.01 BTC_wh 0% from 1.24 BTC_wh to 1.24 BTC_wh -0% from 0.54% to 0.54%

Liquidations

  • Total liquidations: 9
  • Total Collateral Seized (USD): $237.29
Asset Total Seized (Tokens) Total Seized (USD) Liquidation Count
xcDOT 31.502100 $131.99 1
GLMR 1,377.943960 $105.30 8


Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.78M% 41.29%
FRAX 0.10 67.47M% 20.98%
MOVR 0.10 3.80M% 2.52%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 6.78K xcKSM to 6.78K xcKSM -13% from 18.44K xcKSM to 15.96K xcKSM +16% from 36.76% to 42.50%
FRAX -17% from 77.03K FRAX to 64.30K FRAX +0% from 321.42K FRAX to 321.69K FRAX -17% from 23.96% to 19.99%
MOVR +0% from 3.80K MOVR to 3.80K MOVR +0% from 150.48K MOVR to 151.09K MOVR -0% from 2.53% to 2.52%

Liquidations

No liquidations on Moonriver this week.

2 Likes

To Whom It May Concern,

I’m unable to withdraw my 57k xcDOT on Moonbeam, even though utilization is only 4.32%, and I haven’t borrowed anything

the latest market report shows that over 536k xcDOT is supplied and only ~23k is borrowed - so there should be plenty of liquidity

I also didn’t enable my DOT to be used as collateral. can you clarify why my DOT is locked and not withdrawable?

screenshot and wallet address can be provided if needed

I’d appreciate your support in helping me understand or resolve this issue as soon as possible.

Thanks in advance!

3 Likes

Hey @nakadot, it appears our backend indexing service, which reads on-chain data directly, is correctly indexing these numbers. However, as Moonwell contributors have informed us, there are outstanding bad-debt positions from the Nomad exploit in 2022 which count separately to available liquidity. More specifically our metrics show total supply and total borrows where total supply is the sum of supply plus reserves, and total borrows is simply the amount borrowed. Available liquidity works a bit differently, however, as it factors in bad debt. The main reason for the confusion seems to be that there are two different utilization metrics, of which our weekly report only focuses on one.

  1. Market utilization: borrows / (supplied + reserves)
    This is the metric we show in our report, it’s what’s used when calculating interest rates.

  2. Liquidity utilization: (borrows + bad debt) / (supplied + reserves)
    This is the metric shown on the Moonwell front end, at 100% it means there is no liquidity, and so withdrawals aren’t possible. This is currently the case for xcDOT.

Below are the full metrics for the xcDOT market on Moonbeam, which hopefully clears things up.

supplied: 491,171.84 xcDOT
reserves: 45,418.81 xcDOT
borrowed: 23,182.19 xcDOT
bad debt: 513,407.02 xcDOT
liquidity: (supplied + reserves) - (borrows + badDebt)
liquidity: (536,590.65 xcDOT) - (536,589.21 xcDOT)
liquidity: 1.44 xcDOT

You can find more information about the bad-debt situation in this forum post, and read the above values directly from the contract here.

3 Likes

Let me be very clear:
→ I was not involved in the exploit.
→ I did not consent to bear the systemic risk created by this historical vulnerability.
→ I deposited xcDOT in good faith, assuming my funds would remain accessible.

If the protocol continues to lock new user deposits to cover legacy bad debt, without any compensation, notice, or user-level risk isolation, this is a violation of user trust and could be considered misrepresentation of available liquidity.

Therefore, I kindly request:

  1. A clear timeline or plan for how and when the liquidity issue will be resolved.
  2. Consideration of user refunds, compensation, or other recovery options for affected depositors.
  3. Immediate implementation of better transparency on real withdrawable liquidity (i.e., excluding bad debt).

I hope to resolve this professionally and without escalation, but I reserve the right to take further steps if this matter remains unaddressed.

Thank you for your time and attention. I look forward to your response.

9 Likes

Weekly Update (7/18/25 - 7/24/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 7/18/25 to 7/24/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 43.98% 45.03% 89.85%
WETH 64.00K 96.00K 34.29% 27.31% 83.76%
USDS 690.00K 750.00K 1.46% 1.91% 75.76%
EURC 21.00M 21.90M 19.57% 25.71% 73.13%
DAI 300.00K 400.00K 6.27% 7.84% 59.96%
AERO 25.00M 70.00M 42.76% 35.52% 43.03%
tBTC 36.00 90.00 10.54% 13.60% 31.00%
LBTC 38.00 95.00 36.91% 52.39% 28.17%
cbXRP 500.00K 1.00M 29.71% 65.43% 22.97%
WELL 75.00M 150.00M 38.37% 100.45% 19.10%
cbBTC 640.00 1.50K 21.87% 49.04% 19.01%
VIRTUAL 2.30M 4.50M 16.06% 44.69% 18.49%
USDbC 1.00 1.00 151.93K% 1.06M% 14.37%
MORPHO 1.00M 4.00M 50.94% 100.00% 12.73%
weETH 700.00 4.00K 4.42% 23.97% 3.42%
cbETH 6.40K 16.00K 1.02% 17.26% 2.36%
wstETH 4.80K 14.40K 1.88% 39.19% 1.60%
rETH 900.00 2.60K 1.74% 50.02% 1.21%
wrsETH 430.00 1.00K 0.24% 15.27% 0.69%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -4% from 78.44M USDC to 75.55M USDC -4% from 87.14M USDC to 83.71M USDC +0% from 90.01% to 90.25%
WETH +24% from 21.57K WETH to 26.71K WETH +12% from 26.78K WETH to 29.97K WETH +11% from 80.57% to 89.13%
USDS +43% from 9.40K USDS to 13.42K USDS +61% from 11.29K USDS to 18.19K USDS -11% from 83.32% to 73.78%
EURC +7% from 4.03M EURC to 4.30M EURC -5% from 5.71M EURC to 5.41M EURC +13% from 70.68% to 79.60%
DAI +15% from 17.40K DAI to 19.94K DAI -0% from 31.43K DAI to 31.36K DAI +15% from 55.35% to 63.60%
AERO -7% from 11.15M AERO to 10.37M AERO +8% from 24.42M AERO to 26.41M AERO -14% from 45.64% to 39.26%
tBTC +30% from 3.05 tBTC to 3.96 tBTC -6% from 12.50 tBTC to 11.72 tBTC +39% from 24.39% to 33.78%
LBTC -4% from 14.45 LBTC to 13.93 LBTC +2% from 49.86 LBTC to 50.79 LBTC -5% from 28.98% to 27.42%
cbXRP -13% from 154.72K cbXRP to 134.81K cbXRP +39% from 578.29K cbXRP to 803.53K cbXRP -37% from 26.76% to 16.78%
WELL -6% from 28.50M WELL to 26.69M WELL +1% from 149.44M WELL to 151.25M WELL -7% from 19.07% to 17.64%
cbBTC -7% from 129.94 cbBTC to 120.21 cbBTC +3% from 704.67 cbBTC to 725.01 cbBTC -10% from 18.44% to 16.58%
VIRTUAL -6% from 396.20K VIRTUAL to 372.99K VIRTUAL +16% from 1.79M VIRTUAL to 2.07M VIRTUAL -19% from 22.17% to 18.05%
USDbC +0% from 1.52K USDbC to 1.52K USDbC -3% from 10.64K USDbC to 10.29K USDbC +3% from 14.27% to 14.77%
MORPHO +3% from 508.76K MORPHO to 522.73K MORPHO +0% from 4.00M MORPHO to 4.00M MORPHO +3% from 12.71% to 13.06%
weETH -4% from 31.23 weETH to 29.97 weETH +206% from 709.40 weETH to 2.17K weETH -69% from 4.40% to 1.38%
cbETH -1% from 65.57 cbETH to 65.16 cbETH +3% from 2.76K cbETH to 2.84K cbETH -3% from 2.37% to 2.30%
wstETH -0% from 88.74 wstETH to 88.48 wstETH +20% from 5.19K wstETH to 6.24K wstETH -17% from 1.71% to 1.42%
rETH -0% from 15.71 rETH to 15.67 rETH +0% from 1.29K rETH to 1.30K rETH -0% from 1.22% to 1.21%
wrsETH +856% from 0.23 wrsETH to 2.21 wrsETH -1% from 153.64 wrsETH to 152.03 wrsETH +866% from 0.15% to 1.46%

Notable Trends

  • WETH borrows increased by 24% from 21.57K to 26.71K WETH
  • cbXRP supply increased by 39% from 578.29K to 803.53K cbXRP
  • weETH supply increased by 206% from 709.40 to 2.17K weETH

Liquidations

  • Total liquidations: 96
  • Total Collateral Seized (USD): $202,689.34
  • Total Debt Repaid (USD): $184,263.03
  • Total Liquidation Bonus (USD): $18,426.30
  • Total Liquidator Bonus (USD): $12,898.41
  • Total Protocol Bonus (USD): $5,527.89
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
cbXRP 25,957.019600 $87,115.94 $79,196.31 $7,919.63 $5,543.74 $2,375.89 4
USDC 79,939.384259 $79,929.07 $72,662.79 $7,266.28 $5,086.40 $2,179.88 26
AERO 19,701.629300 $17,614.12 $16,012.84 $1,601.28 $1,120.90 $480.39 11
WELL 273,298.897900 $8,498.24 $7,725.68 $772.57 $540.80 $231.77 5
cbBTC 0.023151 $2,713.39 $2,466.72 $246.67 $172.67 $74.00 10
EURC 2,279.412000 $2,667.06 $2,424.60 $242.46 $169.72 $72.74 3
VIRTUAL 1,454.376200 $2,626.95 $2,388.14 $238.81 $167.17 $71.64 10
cbETH 0.177105 $698.09 $634.62 $63.46 $44.42 $19.04 1
WETH 0.133389 $492.43 $447.67 $44.77 $31.34 $13.43 14
tBTC 0.001419 $168.49 $153.17 $15.32 $10.72 $4.60 5
LBTC 0.001034 $124.46 $113.15 $11.31 $7.92 $3.39 4
wstETH 0.007456 $32.65 $29.68 $2.97 $2.08 $0.89 1
USDS 7.702760 $7.70 $7.00 $0.70 $0.49 $0.21 1
DAI 0.745667 $0.75 $0.68 $0.07 $0.05 $0.02 1

Optimism

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 34.00M 36.40M 32.79% 34.28% 89.38%
WETH 30.00K 32.00K 28.01% 29.57% 89.05%
USDT0 8.00M 10.00M 21.41% 19.55% 87.56%
DAI 4.50M 4.80M 8.78% 9.41% 87.38%
USDT 18.40M 22.60M 1.73% 1.70% 81.88%
rETH 340.00 750.00 4.25% 12.81% 15.04%
wrsETH 160.00 400.00 2.51% 9.68% 10.38%
wstETH 1.50K 5.00K 4.67% 21.26% 6.58%
VELO 20.00M 68.00M 13.46% 62.73% 6.31%
OP 650.00K 5.60M 19.45% 45.42% 4.97%
WBTC 0.00 0.00 0.00% 0.00% 4.32%
weETH 220.00 1.20K 9.17% 99.88% 1.68%
cbETH 0.00 10.00 0.00% 9.00% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC +8% from 11.69M USDC to 12.65M USDC +6% from 13.31M USDC to 14.12M USDC +2% from 87.77% to 89.58%
WETH +47% from 7.10K WETH to 10.42K WETH +52% from 7.85K WETH to 11.95K WETH -4% from 90.49% to 87.23%
USDT0 -8% from 1.96M USDT0 to 1.79M USDT0 -9% from 2.19M USDT0 to 2.00M USDT0 +1% from 89.26% to 89.86%
DAI -24% from 506.72K DAI to 383.15K DAI -21% from 556.10K DAI to 439.42K DAI -4% from 91.12% to 87.20%
USDT -33% from 380.27K USDT to 256.11K USDT -26% from 442.71K USDT to 326.33K USDT -9% from 85.90% to 78.48%
rETH -15% from 16.54 rETH to 14.08 rETH -1% from 95.84 rETH to 95.08 rETH -14% from 17.26% to 14.81%
wrsETH -8% from 4.26 wrsETH to 3.90 wrsETH +0% from 38.72 wrsETH to 38.72 wrsETH -8% from 11.00% to 10.08%
wstETH +5% from 67.95 wstETH to 71.03 wstETH +1% from 1.06K wstETH to 1.07K wstETH +4% from 6.40% to 6.63%
VELO +12% from 2.45M VELO to 2.75M VELO +4% from 41.27M VELO to 42.81M VELO +8% from 5.94% to 6.42%
OP -2% from 127.45K OP to 124.96K OP +2% from 2.51M OP to 2.56M OP -4% from 5.08% to 4.88%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.32% to 4.32%
weETH +27% from 17.20 weETH to 21.82 weETH +0% from 1.20K weETH to 1.20K weETH +26% from 1.44% to 1.82%
cbETH 0% from 0.00 cbETH to 0.00 cbETH 0% from 0.90 cbETH to 0.90 cbETH 0% from 0.02% to 0.02%

Notable Trends

  • WETH supply increased by 52% from 7.85K to 11.95K WETH
  • WETH borrows increased by 47% from 7.10K to 10.42K WETH
  • USDT supply decreased by 26% from 442.71K USDT to 326.33K USDT
  • USDT borrows decreased by 33% from 380.27K to 256.11K USDT

Liquidations

  • Total liquidations: 17
  • Total Collateral Seized (USD): $32,742.00
  • Total Debt Repaid (USD): $29,765.45
  • Total Liquidation Bonus (USD): $2,976.55
  • Total Liquidator Bonus (USD): $2,083.58
  • Total Protocol Bonus (USD): $892.96
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
wstETH 7.582620 $32,333.40 $29,394.00 $2,939.40 $2,057.58 $881.82 1
VELO 3,866.096000 $227.02 $206.39 $20.64 $14.45 $6.19 4
USDC 96.599300 $96.59 $87.81 $8.78 $6.15 $2.63 2
WETH 0.008875 $33.38 $30.35 $3.03 $2.12 $0.91 1
OP 36.695800 $28.36 $25.78 $2.58 $1.80 $0.77 1
USDT0 16.032102 $16.04 $14.59 $1.46 $1.02 $0.44 5
USDT 7.196850 $7.20 $6.54 $0.65 $0.46 $0.20 3

Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6518.47M% 62.43%
xcUSDC 0.10 98.77M% 58.02%
xcUSDT 0.10 83.95M% 44.82%
USDC_wh 0.10 41.46M% 33.19%
xcDOT 0.10 23.19M% 4.32%
ETH_wh 0.10 1.31K% 2.70%
FRAX 0.10 454.49K% 1.10%
BTC_wh 0.10 6.70% 0.54%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.49M GLMR to 6.55M GLMR -6% from 11.00M GLMR to 10.32M GLMR +7% from 59.03% to 63.40%
xcUSDC -1% from 99.77K xcUSDC to 98.60K xcUSDC -37% from 267.67K xcUSDC to 168.60K xcUSDC +57% from 37.27% to 58.48%
xcUSDT +0% from 83.91K xcUSDT to 83.98K xcUSDT -35% from 285.29K xcUSDT to 185.31K xcUSDT +54% from 29.41% to 45.32%
USDC_wh -0% from 41.58K USDC_wh to 41.49K USDC_wh +0% from 124.87K USDC_wh to 124.94K USDC_wh -0% from 33.30% to 33.21%
xcDOT +0% from 23.18K xcDOT to 23.19K xcDOT -0% from 536.61K xcDOT to 536.60K xcDOT +0% from 4.32% to 4.32%
ETH_wh -2% from 1.32 ETH_wh to 1.29 ETH_wh -5% from 50.46 ETH_wh to 47.96 ETH_wh +3% from 2.62% to 2.70%
FRAX -1% from 455.12 FRAX to 451.37 FRAX -2% from 41.68K FRAX to 40.77K FRAX +1% from 1.09% to 1.11%
BTC_wh 0% from 0.01 BTC_wh to 0.01 BTC_wh -1% from 1.24 BTC_wh to 1.24 BTC_wh +1% from 0.54% to 0.54%

Notable Trends

  • xcUSDC supply decreased by 37% from 267.67K to 168.60K xcUSDC
  • xcUSDT supply decreased by 35% from 285.29K to 185.31K xcUSDT

Liquidations

  • Total liquidations: 77
  • Total Collateral Seized (USD): $167.85
  • Total Debt Repaid (USD): $152.59
  • Total Liquidation Bonus (USD): $15.26
  • Total Liquidator Bonus (USD): $10.68
  • Total Protocol Bonus (USD): $4.58
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 2,115.189055 $162.98 $148.16 $14.82 $10.37 $4.44 59
USDC_wh 1.815999 $1.82 $1.65 $0.17 $0.12 $0.05 10
xcUSDC 1.147642 $1.15 $1.04 $0.10 $0.07 $0.03 2
FRAX 1.069776 $1.07 $0.97 $0.10 $0.07 $0.03 2
xcDOT 0.125611 $0.54 $0.49 $0.05 $0.03 $0.01 2
xcUSDT 0.299774 $0.30 $0.27 $0.03 $0.02 $0.01 2

Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.79M% 42.93%
FRAX 0.10 64.33M% 19.64%
MOVR 0.10 3.80M% 2.52%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 6.78K xcKSM to 6.79K xcKSM -1% from 15.96K xcKSM to 15.81K xcKSM +1% from 42.50% to 42.97%
FRAX +0% from 64.30K FRAX to 64.34K FRAX +2% from 321.69K FRAX to 328.58K FRAX -2% from 19.99% to 19.58%
MOVR +0% from 3.80K MOVR to 3.80K MOVR +1% from 151.09K MOVR to 152.15K MOVR -1% from 2.52% to 2.50%

Liquidations

No liquidation events on Moonriver this week.

2 Likes

Weekly Update (7/25/25 - 7/31/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 7/25/25 to 7/31/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 38.90% 39.82% 89.86%
WETH 64.00K 96.00K 39.65% 29.92% 88.34%
USDS 690.00K 750.00K 3.19% 3.70% 80.62%
EURC 21.00M 21.90M 19.56% 24.21% 77.96%
DAI 300.00K 400.00K 6.46% 7.85% 61.79%
AERO 25.00M 70.00M 41.58% 37.77% 39.32%
tBTC 36.00 90.00 10.21% 11.33% 36.03%
LBTC 38.00 95.00 30.49% 52.05% 23.44%
WELL 75.00M 220.00M 38.51% 70.57% 18.60%
cbXRP 500.00K 2.00M 32.48% 44.92% 17.92%
VIRTUAL 2.30M 4.50M 15.50% 46.29% 17.13%
cbBTC 640.00 1.50K 19.26% 48.46% 16.95%
USDbC 1.00 1.00 151.94K% 1.02M% 14.84%
MORPHO 1.00M 6.00M 52.62% 67.25% 13.04%
wstETH 4.80K 14.40K 3.77% 40.96% 3.07%
cbETH 6.40K 16.00K 1.10% 17.50% 2.51%
weETH 700.00 4.00K 4.89% 52.56% 1.63%
rETH 900.00 2.60K 2.24% 49.53% 1.57%
wrsETH 430.00 1.00K 0.06% 15.16% 0.18%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -11% from 76.32M USDC to 68.18M USDC -10% from 84.26M USDC to 75.62M USDC -0% from 90.59% to 90.15%
WETH +0% from 26.41K WETH to 26.42K WETH -1% from 30.07K WETH to 29.66K WETH +1% from 87.84% to 89.06%
USDS -40% from 33.19K USDS to 19.81K USDS -33% from 33.22K USDS to 22.27K USDS -11% from 99.89% to 88.93%
EURC -11% from 4.32M EURC to 3.83M EURC -23% from 5.56M EURC to 4.26M EURC +15% from 77.74% to 89.75%
DAI -5% from 19.82K DAI to 18.92K DAI +0% from 31.37K DAI to 31.40K DAI -5% from 63.20% to 60.26%
AERO -9% from 10.37M AERO to 9.42M AERO +0% from 26.38M AERO to 26.50M AERO -10% from 39.31% to 35.57%
tBTC -34% from 3.96 tBTC to 2.60 tBTC -7% from 10.97 tBTC to 10.19 tBTC -29% from 36.08% to 25.50%
LBTC -15% from 13.93 LBTC to 11.79 LBTC -1% from 50.79 LBTC to 50.24 LBTC -14% from 27.42% to 23.48%
WELL +4% from 27.86M WELL to 28.88M WELL +4% from 151.29M WELL to 157.68M WELL -1% from 18.41% to 18.31%
cbXRP +28% from 135.27K cbXRP to 173.64K cbXRP +24% from 801.92K cbXRP to 996.75K cbXRP +3% from 16.87% to 17.42%
VIRTUAL +29% from 381.69K VIRTUAL to 491.30K VIRTUAL +1% from 2.14M VIRTUAL to 2.16M VIRTUAL +28% from 17.84% to 22.78%
cbBTC +10% from 120.31 cbBTC to 132.17 cbBTC +2% from 724.42 cbBTC to 736.19 cbBTC +8% from 16.61% to 17.95%
USDbC +0% from 1.52K USDbC to 1.52K USDbC -1% from 10.29K USDbC to 10.19K USDbC +1% from 14.77% to 14.91%
MORPHO +3% from 527.47K MORPHO to 541.24K MORPHO +2% from 4.00M MORPHO to 4.09M MORPHO +0% from 13.18% to 13.24%
wstETH +135% from 88.48 wstETH to 208.17 wstETH -2% from 6.00K wstETH to 5.86K wstETH +141% from 1.47% to 3.55%
cbETH +51% from 65.16 cbETH to 98.64 cbETH -2% from 2.84K cbETH to 2.78K cbETH +54% from 2.30% to 3.54%
weETH +49% from 29.97 weETH to 44.56 weETH +4% from 2.17K weETH to 2.25K weETH +43% from 1.38% to 1.98%
rETH +29% from 15.67 rETH to 20.17 rETH -0% from 1.29K rETH to 1.29K rETH +29% from 1.21% to 1.56%
wrsETH -90% from 2.21 wrsETH to 0.21 wrsETH -0% from 152.03 wrsETH to 151.67 wrsETH -90% from 1.46% to 0.14%

Notable Trends

  • wstETH borrows increased 135% from 88.48 to 208.17 wstETH

  • cbETH borrows increased 51% from 65.16 to 98.64 cbETH

  • weETH borrows increased 49% from 29.97 to 44.56 weETH

Liquidations

  • Total liquidations: 84

  • Total Collateral Seized (USD): $86,191.09

  • Total Debt Repaid (USD): $78,355.53

  • Total Liquidation Bonus (USD): $7,835.55

  • Total Liquidator Bonus (USD): $5,484.89

  • Total Protocol Bonus (USD): $2,350.67

Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
AERO 68,246.462780 $56,656.39 $51,505.81 $5,150.58 $3,605.41 $1,545.17 20
VIRTUAL 7,669.819780 $10,077.60 $9,161.46 $916.15 $641.30 $274.84 10
USDC 5,861.570950 $5,861.00 $5,328.18 $532.82 $372.97 $159.85 13
cbBTC 0.049880 $5,780.59 $5,255.08 $525.51 $367.86 $157.65 4
WETH 1.276462 $4,797.18 $4,361.07 $436.11 $305.27 $130.83 21
WELL 21,897.860000 $712.05 $647.32 $64.73 $45.31 $19.42 2
LBTC 0.005234 $616.90 $560.82 $56.08 $39.26 $16.82 2
MORPHO 245.111000 $483.65 $439.68 $43.97 $30.78 $13.19 1
cbXRP 93.677970 $284.71 $258.83 $25.88 $18.12 $7.76 2
EURC 246.693600 $281.42 $255.83 $25.58 $17.91 $7.68 2
tBTC 0.002388 $278.75 $253.41 $25.34 $17.74 $7.60 5
USDS 274.060000 $274.03 $249.12 $24.91 $17.44 $7.47 1
USDbC 86.828900 $86.82 $78.92 $7.89 $5.52 $2.37 1

OP Mainnet

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 34.00M 36.40M 31.82% 33.17% 89.61%
USDT0 8.00M 10.00M 26.08% 23.45% 89.03%
WETH 30.00K 32.00K 28.31% 29.94% 88.81%
DAI 4.50M 4.80M 7.53% 8.26% 85.25%
USDT 18.40M 22.60M 1.75% 2.27% 76.64%
wrsETH 160.00 400.00 2.44% 9.68% 10.08%
rETH 340.00 750.00 3.29% 16.77% 9.05%
wstETH 1.50K 5.00K 4.89% 21.52% 6.82%
VELO 20.00M 68.00M 14.11% 63.08% 6.58%
OP 650.00K 5.60M 25.26% 45.38% 6.46%
WBTC 0.00 0.00 0.00% 0.00% 4.32%
weETH 220.00 1.20K 9.81% 100.00% 1.80%
cbETH 0.00 10.00 0.00% 9.00% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -26% from 12.65M USDC to 9.33M USDC -26% from 14.12M USDC to 10.44M USDC -0% from 89.56% to 89.39%
USDT0 +13% from 1.79M USDT0 to 2.03M USDT0 +13% from 1.99M USDT0 to 2.25M USDT0 +0% from 90.02% to 90.41%
WETH -33% from 10.42K WETH to 6.95K WETH -35% from 11.95K WETH to 7.74K WETH +3% from 87.24% to 89.74%
DAI -29% from 382.16K DAI to 271.10K DAI -25% from 439.44K DAI to 328.68K DAI -5% from 86.96% to 82.48%
USDT -0% from 256.12K USDT to 255.27K USDT -2% from 326.34K USDT to 321.26K USDT +1% from 78.48% to 79.46%
wrsETH 0% from 3.90 wrsETH to 3.90 wrsETH 0% from 38.72 wrsETH to 38.72 wrsETH 0% from 10.08% to 10.08%
rETH -59% from 14.08 rETH to 5.76 rETH +22% from 95.08 rETH to 115.66 rETH -66% from 14.81% to 4.98%
wstETH -3% from 71.03 wstETH to 68.88 wstETH -2% from 1.07K wstETH to 1.05K wstETH -1% from 6.63% to 6.57%
VELO -3% from 2.78M VELO to 2.71M VELO +2% from 42.52M VELO to 43.38M VELO -4% from 6.54% to 6.25%
OP +44% from 124.96K OP to 179.75K OP -1% from 2.56M OP to 2.55M OP +45% from 4.88% to 7.06%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC 0% from 4.32% to 4.32%
weETH -1% from 21.82 weETH to 21.70 weETH -0% from 1.20K weETH to 1.20K weETH -1% from 1.82% to 1.81%
cbETH 0% from 0.00 cbETH to 0.00 cbETH -0% from 0.90 cbETH to 0.90 cbETH +0% from 0.02% to 0.02%

Notable Trends

  • OP borrows increased 44% from 124.96K to 179.75K OP

  • WETH supply decreased 35% from 11.95K to 7.74K WETH

Liquidations

  • Total liquidations: 5

  • Total Collateral Seized (USD): $402.32

  • Total Debt Repaid (USD): $365.75

  • Total Liquidation Bonus (USD): $36.57

  • Total Liquidator Bonus (USD): $25.60

  • Total Protocol Bonus (USD): $10.97

Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
USDC 355.319060 $355.27 $322.97 $32.30 $22.61 $9.69 2
OP 43.883800 $30.28 $27.53 $2.75 $1.93 $0.83 1
USDT0 16.589300 $16.60 $15.09 $1.51 $1.06 $0.45 1
WETH 0.000046 $0.18 $0.16 $0.02 $0.01 $0.00 1

Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6572.71M% 62.70%
xcUSDC 0.10 98.69M% 58.15%
xcUSDT 0.10 83.74M% 45.39%
USDC_wh 0.10 41.48M% 33.43%
xcDOT 0.10 23.16M% 4.32%
ETH_wh 0.10 1.28K% 2.67%
BTC_wh 0.10 22.39% 1.81%
FRAX 0.10 451.37K% 1.11%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.55M GLMR to 6.60M GLMR +7% from 10.32M GLMR to 11.02M GLMR -6% from 63.40% to 59.88%
xcUSDC +0% from 98.60K xcUSDC to 98.76K xcUSDC +0% from 168.60K xcUSDC to 169.18K xcUSDC -0% from 58.48% to 58.38%
xcUSDT -1% from 83.98K xcUSDT to 83.47K xcUSDT -1% from 185.31K xcUSDT to 184.01K xcUSDT +0% from 45.32% to 45.36%
USDC_wh -0% from 41.49K USDC_wh to 41.48K USDC_wh -1% from 124.94K USDC_wh to 123.96K USDC_wh +1% from 33.21% to 33.46%
xcDOT -0% from 23.19K xcDOT to 23.14K xcDOT -0% from 536.60K xcDOT to 536.55K xcDOT -0% from 4.32% to 4.31%
ETH_wh -2% from 1.29 ETH_wh to 1.27 ETH_wh +0% from 47.96 ETH_wh to 47.96 ETH_wh -2% from 2.70% to 2.65%
BTC_wh +1391% from 0.01 BTC_wh to 0.10 BTC_wh -0% from 1.24 BTC_wh to 1.24 BTC_wh +1390% from 0.54% to 8.09%
FRAX +0% from 451.37 FRAX to 451.37 FRAX -0% from 40.77K FRAX to 40.77K FRAX +0% from 1.11% to 1.11%

Liquidations

  • Total liquidations: 16

  • Total Collateral Seized (USD): $124.33

  • Total Debt Repaid (USD): $113.03

  • Total Liquidation Bonus (USD): $11.30

  • Total Liquidator Bonus (USD): $7.91

  • Total Protocol Bonus (USD): $3.39

Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 1,652.792324 $120.32 $109.38 $10.94 $7.66 $3.28 10
xcDOT 1.030632 $4.02 $3.65 $0.37 $0.26 $0.11 6

Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.79M% 42.96%
FRAX 0.10 64.35M% 19.57%
MOVR 0.10 3.80M% 2.52%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 6.79K xcKSM to 6.80K xcKSM +0% from 15.81K xcKSM to 15.83K xcKSM -0% from 42.97% to 42.96%
FRAX +0% from 64.34K FRAX to 64.35K FRAX +0% from 328.58K FRAX to 328.76K FRAX -0% from 19.58% to 19.57%
MOVR +0% from 3.80K MOVR to 3.80K MOVR -2% from 152.15K MOVR to 149.55K MOVR +2% from 2.50% to 2.54%

Liquidations

No liquidation events on Moonriver this week.

Moonwell team is not helping us at all. Can anyone help us get our xcDot back?

2 Likes

what is the moonwell and moonbeam Team doing to provide enough liquidity for all those who supported the moonwell application for a long time. to be able to withdraw?

1 Like

Weekly Update (8/1/25 - 8/7/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 8/1/25 to 8/7/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 36.89% 37.69% 90.04%
USDS 690.00K 750.00K 2.66% 2.74% 89.16%
WETH 64.00K 96.00K 39.79% 29.83% 88.94%
EURC 21.00M 21.90M 15.25% 18.71% 78.26%
DAI 300.00K 400.00K 6.51% 7.86% 62.11%
AERO 25.00M 70.00M 36.72% 36.92% 35.55%
tBTC 36.00 90.00 6.93% 10.71% 25.93%
LBTC 38.00 95.00 30.68% 51.90% 23.66%
VIRTUAL 2.30M 4.50M 20.18% 44.47% 23.17%
WELL 75.00M 220.00M 41.57% 74.60% 18.99%
cbBTC 640.00 1.50K 19.81% 49.04% 17.23%
cbXRP 500.00K 2.00M 37.14% 59.07% 15.80%
USDbC 1.00 1.00 151.54K% 1.01M% 15.04%
MORPHO 1.00M 6.00M 56.90% 75.95% 12.84%
cbETH 6.40K 16.00K 1.47% 17.12% 3.42%
wstETH 4.80K 14.40K 3.48% 39.70% 2.91%
weETH 700.00 4.00K 8.03% 54.24% 2.61%
rETH 900.00 2.60K 1.75% 49.52% 1.23%
wrsETH 430.00 1.00K 0.05% 15.13% 0.14%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC +10% from 67.64M USDC to 74.27M USDC +10% from 74.78M USDC to 82.31M USDC -0% from 90.44% to 90.23%
USDS -32% from 19.81K USDS to 13.42K USDS -28% from 22.27K USDS to 16.00K USDS -6% from 88.93% to 83.83%
WETH -21% from 26.42K WETH to 20.87K WETH -21% from 29.66K WETH to 23.38K WETH +0% from 89.07% to 89.27%
EURC -25% from 3.83M EURC to 2.89M EURC -20% from 4.27M EURC to 3.41M EURC -6% from 89.76% to 84.78%
DAI +4% from 18.92K DAI to 19.62K DAI +0% from 31.40K DAI to 31.46K DAI +3% from 60.26% to 62.36%
AERO -10% from 9.44M AERO to 8.49M AERO +2% from 26.49M AERO to 27.02M AERO -12% from 35.65% to 31.43%
tBTC +25% from 2.60 tBTC to 3.26 tBTC -7% from 10.18 tBTC to 9.42 tBTC +36% from 25.53% to 34.60%
LBTC -3% from 11.79 LBTC to 11.43 LBTC -9% from 50.24 LBTC to 45.77 LBTC +6% from 23.48% to 24.96%
VIRTUAL +7% from 473.04K VIRTUAL to 503.87K VIRTUAL -4% from 2.14M VIRTUAL to 2.05M VIRTUAL +11% from 22.14% to 24.60%
WELL +17% from 28.89M WELL to 33.71M WELL +6% from 157.86M WELL to 167.56M WELL +10% from 18.30% to 20.12%
cbBTC +0% from 132.18 cbBTC to 132.65 cbBTC +1% from 736.27 cbBTC to 742.17 cbBTC -0% from 17.95% to 17.87%
cbXRP +16% from 175.83K cbXRP to 204.24K cbXRP +32% from 1.00M cbXRP to 1.32M cbXRP -12% from 17.58% to 15.47%
USDbC -1% from 1.52K USDbC to 1.51K USDbC -0% from 10.08K USDbC to 10.07K USDbC -1% from 15.07% to 14.99%
MORPHO +25% from 542.13K MORPHO to 680.31K MORPHO +47% from 4.09M MORPHO to 6.00M MORPHO -14% from 13.26% to 11.34%
cbETH -32% from 98.64 cbETH to 66.91 cbETH -12% from 2.78K cbETH to 2.45K cbETH -23% from 3.54% to 2.73%
wstETH -45% from 208.17 wstETH to 113.57 wstETH -9% from 5.86K wstETH to 5.35K wstETH -40% from 3.55% to 2.12%
weETH -8% from 44.56 weETH to 41.18 weETH +21% from 2.25K weETH to 2.72K weETH -23% from 1.98% to 1.52%
rETH -22% from 20.17 rETH to 15.68 rETH -2% from 1.29K rETH to 1.27K rETH -21% from 1.56% to 1.24%
wrsETH 0% from 0.21 wrsETH to 0.21 wrsETH -1% from 151.67 wrsETH to 150.14 wrsETH +1% from 0.14% to 0.14%

Notable Trends

  • cbXRP supply increased 32% from 1.00M to 1.32M cbXRP
  • Morpho supply increaed 47% from 4.09M to 6.00M MORPHO
  • wstETH borrows decreased 45% from 208.17 to 113.57 wstETH

Liquidations

  • Total liquidations: 76
  • Total Collateral Seized (USD): $166,535.77
  • Total Debt Repaid (USD): $151,396.16
  • Total Liquidation Bonus (USD): $15,139.62
  • Total Liquidator Bonus (USD): $10,597.73
  • Total Protocol Bonus (USD): $4,541.88
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
USDC 56,676.294388 $56,663.96 $51,512.69 $5,151.27 $3,605.89 $1,545.38 13
AERO 58,180.786700 $43,209.39 $39,281.26 $3,928.13 $2,749.69 $1,178.44 18
cbXRP 7,654.142200 $22,509.03 $20,462.76 $2,046.28 $1,432.39 $613.88 5
WELL 788,061.104000 $21,844.29 $19,858.45 $1,985.84 $1,390.09 $595.75 8
WETH 3.588529 $12,412.91 $11,284.47 $1,128.45 $789.91 $338.53 17
cbBTC 0.047834 $5,448.59 $4,953.26 $495.33 $346.73 $148.60 5
MORPHO 1,278.998000 $2,228.12 $2,025.56 $202.56 $141.79 $60.77 2
wstETH 0.294369 $1,306.80 $1,188.00 $118.80 $83.16 $35.64 1
cbETH 0.124298 $470.31 $427.55 $42.76 $29.93 $12.83 2
VIRTUAL 266.230370 $303.36 $275.78 $27.58 $19.30 $8.27 2
wrsETH 0.028990 $107.55 $97.77 $9.78 $6.84 $2.93 1
tBTC 0.000153 $17.21 $15.64 $1.56 $1.09 $0.47 1
LBTC 0.000123 $14.24 $12.95 $1.29 $0.91 $0.39 1

Optimism

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDT0 8.00M 10.00M 21.90% 19.49% 89.88%
USDC 34.00M 36.40M 28.00% 29.15% 89.70%
WETH 30.00K 32.00K 24.50% 25.62% 89.67%
DAI 4.50M 4.80M 8.87% 9.29% 88.91%
USDT 18.40M 22.60M 2.31% 2.15% 86.76%
wrsETH 160.00 400.00 2.35% 9.25% 10.16%
OP 650.00K 5.60M 23.64% 44.50% 6.16%
VELO 20.00M 68.00M 13.25% 64.58% 6.03%
wstETH 1.50K 5.00K 3.69% 18.90% 5.86%
rETH 340.00 750.00 1.76% 15.96% 5.01%
WBTC 0.00 0.00 0.00% 0.00% 4.32%
weETH 220.00 1.20K 10.04% 100.01% 1.84%
cbETH 0.00 10.00 0.00% 9.00% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDT0 -26% from 2.03M USDT0 to 1.50M USDT0 -25% from 2.25M USDT0 to 1.68M USDT0 -1% from 90.33% to 89.57%
USDC +3% from 9.34M USDC to 9.62M USDC +3% from 10.44M USDC to 10.74M USDC +0% from 89.44% to 89.62%
WETH +9% from 6.95K WETH to 7.54K WETH +9% from 7.74K WETH to 8.41K WETH -0% from 89.75% to 89.62%
DAI +73% from 271.10K DAI to 469.75K DAI +57% from 328.68K DAI to 517.54K DAI +10% from 82.48% to 90.77%
USDT +86% from 255.27K USDT to 474.15K USDT +64% from 321.26K USDT to 528.10K USDT +13% from 79.46% to 89.78%
wrsETH -6% from 3.90 wrsETH to 3.65 wrsETH -8% from 38.72 wrsETH to 35.67 wrsETH +2% from 10.08% to 10.24%
OP -32% from 179.75K OP to 121.63K OP -3% from 2.55M OP to 2.47M OP -30% from 7.06% to 4.92%
VELO +7% from 2.72M VELO to 2.92M VELO -2% from 43.42M VELO to 42.77M VELO +9% from 6.27% to 6.82%
wstETH -22% from 68.88 wstETH to 53.96 wstETH -13% from 1.05K wstETH to 908.89 wstETH -10% from 6.57% to 5.94%
rETH +13% from 5.76 rETH to 6.49 rETH +4% from 115.66 rETH to 120.56 rETH +8% from 4.98% to 5.38%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.32% to 4.32%
weETH +2% from 21.70 weETH to 22.24 weETH +0% from 1.20K weETH to 1.20K weETH +2% from 1.81% to 1.85%
cbETH 0% from 0.00 cbETH to 0.00 cbETH 0% from 0.90 cbETH to 0.90 cbETH 0% from 0.02% to 0.02%

Notable Trends

  • USDT supply increased 64% from 321.26K to 528.10K USDT
  • USDT borrows increased 86% from 255.27K to 474.15K USDT
  • DAI supply increased 57% from 328.68K to 517.54K DAI
  • DAI borrows increased 73% from 271.10K to 469.75K DAI

Liquidations

  • Total liquidations: 9
  • Total Collateral Seized (USD): $24,941.26
  • Total Debt Repaid (USD): $22,673.87
  • Total Liquidation Bonus (USD): $2,267.39
  • Total Liquidator Bonus (USD): $1,587.17
  • Total Protocol Bonus (USD): $680.22
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
OP 38,562.253490 $24,616.75 $22,378.86 $2,237.89 $1,566.52 $671.37 2
wstETH 0.032129 $137.60 $125.09 $12.51 $8.76 $3.75 1
USDT0 81.090790 $81.06 $73.69 $7.37 $5.16 $2.21 4
VELO 1,649.840000 $75.56 $68.69 $6.87 $4.81 $2.06 1
WETH 0.008661 $30.29 $27.53 $2.75 $1.93 $0.83 1

Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6617.67M% 60.91%
xcUSDC 0.10 98.37M% 59.13%
xcUSDT 0.10 83.36M% 45.55%
USDC_wh 0.10 41.54M% 33.58%
BTC_wh 0.10 99.99% 8.22%
xcDOT 0.10 23.15M% 100%
ETH_wh 0.10 1.27K% 2.68%
FRAX 0.10 450.32K% 44.90%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.60M GLMR to 6.64M GLMR -3% from 11.02M GLMR to 10.69M GLMR +4% from 59.88% to 62.10%
xcUSDC -1% from 98.76K xcUSDC to 98.03K xcUSDC -2% from 169.18K xcUSDC to 165.44K xcUSDC +2% from 58.38% to 59.26%
xcUSDT -1% from 83.47K xcUSDT to 82.72K xcUSDT -1% from 184.01K xcUSDT to 181.58K xcUSDT +0% from 45.36% to 45.55%
USDC_wh +0% from 41.48K USDC_wh to 41.61K USDC_wh -3% from 123.96K USDC_wh to 120.22K USDC_wh +3% from 33.46% to 34.61%
BTC_wh +0% from 0.10 BTC_wh to 0.10 BTC_wh -3% from 1.24 BTC_wh to 1.20 BTC_wh +3% from 8.09% to 8.32%
xcDOT +0% from 23.14K xcDOT to 23.15K xcDOT +0% from 536.55K xcDOT to 536.56K xcDOT +0% from 100% to 100%
ETH_wh -1% from 1.27 ETH_wh to 1.26 ETH_wh -2% from 47.96 ETH_wh to 47.01 ETH_wh +1% from 2.65% to 2.69%
FRAX -0% from 451.37 FRAX to 450.12 FRAX +0% from 40.77K FRAX to 40.77K FRAX -0% from 44.91% to 44.90%

Liquidations

  • Total liquidations: 10
  • Total Collateral Seized (USD): $37.31
  • Total Debt Repaid (USD): $33.92
  • Total Liquidation Bonus (USD): $3.39
  • Total Liquidator Bonus (USD): $2.37
  • Total Protocol Bonus (USD): $1.02
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 529.010160 $35.92 $32.65 $3.27 $2.29 $0.98 8
xcDOT 0.384574 $1.39 $1.26 $0.13 $0.09 $0.04 2

Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.80M% 42.95%
FRAX 0.10 64.36M% 19.58%
MOVR 0.10 3.80M% 2.54%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 6.80K xcKSM to 6.81K xcKSM +0% from 15.83K xcKSM to 15.90K xcKSM -0% from 42.96% to 42.81%
FRAX +0% from 64.35K FRAX to 64.36K FRAX +0% from 328.76K FRAX to 328.76K FRAX +0% from 19.57% to 19.58%
MOVR +0% from 3.80K MOVR to 3.80K MOVR -0% from 149.55K MOVR to 149.34K MOVR +0% from 2.54% to 2.55%

Liquidations

No liquidation events on Moonriver this week.

Weekly Update (8/8/25 - 8/14/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP mainnet, Moonbeam, and Moonriver. Data from 8/8/25 to 8/14/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 27.86% 28.47% 90.05%
USDS 690.00K 750.00K 2.02% 2.15% 86.94%
WETH 64.00K 96.00K 21.22% 16.28% 86.85%
EURC 21.00M 21.90M 12.61% 14.94% 80.96%
DAI 300.00K 400.00K 6.73% 7.86% 64.26%
AERO 25.00M 70.00M 31.77% 38.98% 29.09%
WELL 75.00M 220.00M 42.60% 73.83% 19.72%
VIRTUAL 2.30M 4.50M 14.75% 39.99% 18.76%
tBTC 36.00 90.00 3.84% 8.39% 18.20%
LBTC 38.00 95.00 17.66% 42.64% 16.44%
USDbC 1.00 1.00 150.65K% 1.01M% 14.99%
cbXRP 1.60M 3.00M 10.06% 44.58% 12.03%
cbBTC 640.00 1.50K 11.04% 42.67% 10.93%
wstETH 4.80K 14.40K 3.57% 34.37% 3.46%
cbETH 6.40K 16.00K 1.29% 15.18% 3.39%
MORPHO 1.00M 6.00M 18.83% 92.44% 3.26%
rETH 900.00 2.60K 3.32% 45.33% 2.59%
weETH 700.00 4.00K 5.02% 69.17% 1.27%
wrsETH 430.00 1.00K 0.34% 13.52% 1.16%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -26% from 74.29M USDC to 54.74M USDC -26% from 82.37M USDC to 60.78M USDC -0% from 90.19% to 90.06%
USDS +3% from 13.42K USDS to 13.78K USDS +1% from 16.00K USDS to 16.11K USDS +2% from 83.83% to 85.58%
WETH -16% from 20.82K WETH to 17.56K WETH -12% from 23.39K WETH to 20.58K WETH -4% from 89.02% to 85.34%
EURC -16% from 2.90M EURC to 2.44M EURC -13% from 3.41M EURC to 2.99M EURC -4% from 84.82% to 81.61%
DAI +4% from 19.63K DAI to 20.33K DAI -1% from 31.47K DAI to 31.25K DAI +4% from 62.37% to 65.06%
AERO -8% from 8.48M AERO to 7.84M AERO +3% from 26.95M AERO to 27.82M AERO -11% from 31.47% to 28.16%
WELL +7% from 33.69M WELL to 36.07M WELL -9% from 167.53M WELL to 152.06M WELL +18% from 20.11% to 23.72%
VIRTUAL -22% from 503.87K VIRTUAL to 391.33K VIRTUAL -12% from 2.02M VIRTUAL to 1.77M VIRTUAL -11% from 24.88% to 22.06%
tBTC -57% from 3.26 tBTC to 1.41 tBTC -18% from 9.42 tBTC to 7.71 tBTC -47% from 34.60% to 18.29%
LBTC -26% from 11.43 LBTC to 8.43 LBTC -5% from 45.77 LBTC to 43.51 LBTC -22% from 24.96% to 19.37%
USDbC -2% from 1.51K USDbC to 1.48K USDbC -0% from 10.07K USDbC to 10.04K USDbC -2% from 14.99% to 14.75%
cbXRP +22% from 204.24K cbXRP to 249.04K cbXRP +13% from 1.33M cbXRP to 1.50M cbXRP +8% from 15.31% to 16.56%
cbBTC -13% from 133.35 cbBTC to 116.08 cbBTC -11% from 743.09 cbBTC to 662.48 cbBTC -2% from 17.95% to 17.52%
wstETH +36% from 113.57 wstETH to 154.09 wstETH -15% from 5.28K wstETH to 4.51K wstETH +59% from 2.15% to 3.42%
cbETH +144% from 66.40 cbETH to 161.96 cbETH +3% from 2.45K cbETH to 2.53K cbETH +136% from 2.71% to 6.40%
MORPHO -5% from 675.85K MORPHO to 642.31K MORPHO +0% from 6.00M MORPHO to 6.00M MORPHO -5% from 11.26% to 10.70%
rETH +68% from 25.68 rETH to 43.20 rETH -17% from 1.27K rETH to 1.05K rETH +104% from 2.02% to 4.12%
weETH -21% from 41.18 weETH to 32.49 weETH +11% from 2.72K weETH to 3.03K weETH -29% from 1.52% to 1.07%
wrsETH +1400% from 0.21 wrsETH to 3.20 wrsETH -19% from 150.14 wrsETH to 121.39 wrsETH +1756% from 0.14% to 2.64%

Notable Trends

  • cbETH borrows increased 144% from 66.40 to 161.96 cbETH
  • rETH borrows increased 68% from 25.68 to 43.20 rETH
  • wstETH borrows increased 36% from 113.57 to 154.09 wstETH
  • USDC supply decreased 26% from 82.37M to 60.78M USDC
  • USDC borrows decreased 26% from 74.29M to 54.74M USDC
  • tBTC borrows decreased 57% from 3.26 to 1.41 tBTC

Liquidations

  • Total liquidations: 193
  • Total Collateral Seized (USD): $2,595,641.02
  • Total Debt Repaid (USD): $2,359,673.66
  • Total Liquidation Bonus (USD): $235,967.37
  • Total Liquidator Bonus (USD): $165,177.16
  • Total Protocol Bonus (USD): $70,790.21
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
cbBTC 14.814149 $1,828,965.90 $1,662,696.27 $166,269.63 $116,388.74 $49,880.89 20
WETH 70.426896 $284,529.81 $258,663.46 $25,866.35 $18,106.44 $7,759.90 33
USDC 248,788.028277 $248,746.39 $226,133.09 $22,613.31 $15,829.32 $6,783.99 82
AERO 84,482.485680 $97,965.97 $89,059.97 $8,906.00 $6,234.20 $2,671.80 11
weETH 13.699377 $69,854.92 $63,504.47 $6,350.45 $4,445.31 $1,905.13 9
wstETH 6.975516 $33,361.17 $30,328.34 $3,032.83 $2,122.98 $909.85 6
cbETH 3.534058 $16,856.81 $15,324.37 $1,532.44 $1,072.71 $459.73 3
VIRTUAL 5,680.103320 $7,562.63 $6,875.11 $687.51 $481.26 $206.25 8
WELL 212,067.678300 $6,712.31 $6,102.10 $610.21 $427.15 $183.06 6
cbXRP 229.895360 $708.71 $644.28 $64.43 $45.10 $19.33 3
USDS 244.905800 $244.87 $222.61 $22.26 $15.58 $6.68 4
tBTC 0.000797 $94.02 $85.47 $8.55 $5.98 $2.56 2
USDbC 23.539480 $23.54 $21.40 $2.14 $1.50 $0.64 4
rETH 0.002283 $12.21 $11.10 $1.11 $0.78 $0.33 1
DAI 1.762860 $1.76 $1.60 $0.16 $0.11 $0.05 1


OP Mainnet

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 30.00K 32.00K 19.06% 19.95% 89.62%
USDC 34.00M 36.40M 15.80% 16.51% 89.31%
DAI 4.50M 4.80M 6.67% 7.03% 86.88%
USDT 18.40M 22.60M 1.86% 1.80% 80.82%
USDT0 8.00M 10.00M 8.92% 9.33% 73.30%
wrsETH 160.00 400.00 1.66% 7.06% 9.02%
OP 650.00K 5.60M 22.07% 42.19% 6.07%
VELO 20.00M 68.00M 12.49% 64.63% 5.69%
WBTC 0.00 0.00 0.00% 0.00% 4.33%
wstETH 1.50K 5.00K 2.17% 16.32% 3.91%
rETH 340.00 750.00 1.05% 14.65% 3.21%
weETH 220.00 1.20K 4.36% 99.37% 0.80%
cbETH 0.00 10.00 0.00% 8.95% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH +8% from 7.54K WETH to 8.17K WETH +8% from 8.41K WETH to 9.09K WETH +0% from 89.62% to 89.85%
USDC -15% from 10.94M USDC to 9.33M USDC -16% from 12.33M USDC to 10.37M USDC +1% from 88.68% to 89.90%
DAI -23% from 469.75K DAI to 363.71K DAI -24% from 517.54K DAI to 393.79K DAI +2% from 90.77% to 92.36%
USDT +17% from 474.15K USDT to 555.61K USDT +17% from 528.12K USDT to 617.77K USDT +0% from 89.78% to 89.94%
USDT0 -32% from 1.50M USDT0 to 1.02M USDT0 -23% from 1.68M USDT0 to 1.30M USDT0 -12% from 89.57% to 78.47%
wrsETH -82% from 3.65 wrsETH to 0.65 wrsETH -33% from 35.67 wrsETH to 23.88 wrsETH -74% from 10.24% to 2.71%
OP +129% from 121.64K OP to 278.46K OP -6% from 2.47M OP to 2.32M OP +144% from 4.92% to 12.00%
VELO -17% from 2.93M VELO to 2.42M VELO +8% from 42.69M VELO to 46.15M VELO -23% from 6.86% to 5.25%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.32% to 4.33%
wstETH -30% from 53.96 wstETH to 37.72 wstETH -3% from 908.67 wstETH to 880.24 wstETH -28% from 5.94% to 4.28%
rETH -91% from 6.49 rETH to 0.61 rETH +13% from 120.56 rETH to 136.58 rETH -92% from 5.38% to 0.45%
weETH -48% from 22.24 weETH to 11.59 weETH -0% from 1.20K weETH to 1.20K weETH -48% from 1.85% to 0.97%
cbETH 0% from 0.00 cbETH to 0.00 cbETH -3% from 0.90 cbETH to 0.88 cbETH +3% from 0.02% to 0.02%

Notable Trends

  • OP borrows increased 129% from 121.64K to 278.46K OP
  • wstETH borrows decreased 30% from 53.96 to 37.72 wstETH
  • USDT0 borrows decreased 32% from 1.50M to 1.02M USDT0

Liquidations

  • Total liquidations: 28
  • Total Collateral Seized (USD): $2,290.98
  • Total Debt Repaid (USD): $2,082.71
  • Total Liquidation Bonus (USD): $208.27
  • Total Liquidator Bonus (USD): $145.79
  • Total Protocol Bonus (USD): $62.48
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
USDC 2,269.586430 $2,269.25 $2,062.96 $206.30 $144.41 $61.89 26
OP 25.229800 $19.31 $17.56 $1.76 $1.23 $0.53 1
DAI 2.413290 $2.41 $2.19 $0.22 $0.15 $0.07 1


Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6668.17M% 63.17%
xcUSDC 0.10 95.82M% 58.39%
xcUSDT 0.10 81.49M% 44.86%
USDC_wh 0.10 41.73M% 34.77%
BTC_wh 0.10 100.09% 8.39%
xcDOT 0.10 23.16M% 4.32%
ETH_wh 0.10 1.26K% 2.67%
FRAX 0.10 448.32K% 1.10%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.64M GLMR to 6.69M GLMR -1% from 10.69M GLMR to 10.57M GLMR +2% from 62.10% to 63.36%
xcUSDC -7% from 98.03K xcUSDC to 91.09K xcUSDC -1% from 165.44K xcUSDC to 163.29K xcUSDC -6% from 59.26% to 55.79%
xcUSDT -2% from 82.72K xcUSDT to 81.37K xcUSDT +0% from 181.58K xcUSDT to 181.69K xcUSDT -2% from 45.55% to 44.78%
USDC_wh +1% from 41.61K USDC_wh to 41.88K USDC_wh -0% from 120.22K USDC_wh to 119.86K USDC_wh +1% from 34.61% to 34.94%
BTC_wh +0% from 0.10 BTC_wh to 0.10 BTC_wh -1% from 1.20 BTC_wh to 1.19 BTC_wh +1% from 8.32% to 8.41%
xcDOT +0% from 23.15K xcDOT to 23.16K xcDOT +0% from 536.56K xcDOT to 536.57K xcDOT +0% from 100% to 100%
ETH_wh -2% from 1.26 ETH_wh to 1.24 ETH_wh -0% from 47.01 ETH_wh to 46.99 ETH_wh -2% from 2.69% to 2.65%
FRAX -0% from 450.12 FRAX to 447.94 FRAX +0% from 40.77K FRAX to 40.77K FRAX -0% from 44.90% to 44.90%

Liquidations

  • Total liquidations: 7
  • Total Collateral Seized (USD): $162.09
  • Total Debt Repaid (USD): $147.35
  • Total Liquidation Bonus (USD): $14.74
  • Total Liquidator Bonus (USD): $10.31
  • Total Protocol Bonus (USD): $4.42
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 1,620.618800 $121.85 $110.78 $11.08 $7.75 $3.32 6
BTC_wh 0.000345 $40.24 $36.58 $3.66 $2.56 $1.10 1


Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.61M% 42.62%
FRAX 0.10 64.38M% 19.57%
MOVR 0.10 3.70M% 2.49%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM -3% from 6.81K xcKSM to 6.58K xcKSM -5% from 15.90K xcKSM to 15.13K xcKSM +2% from 42.81% to 43.50%
FRAX +0% from 64.36K FRAX to 64.39K FRAX +0% from 328.76K FRAX to 329.00K FRAX -0% from 19.58% to 19.57%
MOVR -6% from 3.80K MOVR to 3.57K MOVR -0% from 149.34K MOVR to 148.66K MOVR -6% from 2.55% to 2.40%

Liquidations

No liquidation event on Moonriver this week.

Dear Moonwell Team,

Thank you for your detailed explanation regarding the xcDOT market metrics. I understand that there is outstanding bad debt from the Nomad exploit in 2022, and how it affects the liquidity calculations.

However, I must respectfully point out that my assets are my own. I cannot accept being blocked from withdrawing my xcDOT due to losses that are unrelated to my account or actions. The fact that bad debt exists in the system does not mean I should be prevented from accessing my own funds.

I kindly request that the team find a solution that allows me to withdraw my xcDOT without being unfairly affected by historic bad debt. Please advise on how this can be resolved promptly. I can provide wallet address and screenshots if needed.

I appreciate your understanding and look forward to your support in resolving this matter.

Best regards,

1 Like

Weekly Update (8/15/25 - 8/21/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP mainnet, Moonbeam, and Moonriver. Data from 8/15/25 to 8/21/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDS 690.00K 750.00K 2.33% 2.41% 89.19%
USDC 184.00M 200.00M 28.93% 29.90% 89.09%
WETH 64.00K 96.00K 29.20% 22.43% 86.70%
EURC 21.00M 21.90M 11.37% 14.82% 74.01%
DAI 300.00K 400.00K 6.78% 7.77% 65.43%
AERO 25.00M 70.00M 31.42% 38.81% 28.92%
VIRTUAL 2.30M 4.50M 27.72% 50.00% 28.52%
WELL 75.00M 220.00M 52.64% 72.96% 24.60%
LBTC 38.00 95.00 23.00% 46.00% 20.00%
tBTC 36.00 90.00 4.70% 9.73% 19.31%
cbBTC 640.00 1.50K 18.98% 44.22% 18.31%
cbXRP 1.60M 3.00M 15.96% 53.93% 15.80%
USDbC 1.00 1.00 148.17K% 1.00M% 14.76%
MORPHO 1.00M 6.00M 62.67% 99.74% 10.47%
wstETH 4.80K 14.40K 3.85% 31.11% 4.12%
cbETH 6.40K 16.00K 1.36% 15.21% 3.55%
rETH 900.00 2.60K 3.32% 40.23% 2.86%
wrsETH 430.00 1.00K 0.75% 12.12% 2.64%
weETH 700.00 4.00K 4.67% 75.66% 1.08%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDS +34% from 13.78K USDS to 18.54K USDS +27% from 16.11K USDS to 20.40K USDS +6% from 85.58% to 90.89%
USDC -0% from 56.26M USDC to 56.11M USDC +0% from 62.56M USDC to 62.73M USDC -1% from 89.94% to 89.44%
WETH +6% from 17.59K WETH to 18.65K WETH +5% from 20.61K WETH to 21.56K WETH +1% from 85.35% to 86.51%
EURC -5% from 2.44M EURC to 2.31M EURC -1% from 2.99M EURC to 2.97M EURC -4% from 81.58% to 77.97%
DAI -0% from 20.34K DAI to 20.33K DAI -1% from 31.25K DAI to 31.01K DAI +1% from 65.06% to 65.57%
AERO +25% from 7.89M AERO to 9.88M AERO -3% from 27.52M AERO to 26.82M AERO +29% from 28.65% to 36.82%
VIRTUAL +137% from 399.94K VIRTUAL to 949.70K VIRTUAL +41% from 1.77M VIRTUAL to 2.50M VIRTUAL +68% from 22.60% to 37.94%
WELL +17% from 36.07M WELL to 42.08M WELL +7% from 151.92M WELL to 162.02M WELL +9% from 23.74% to 25.97%
LBTC +9% from 8.43 LBTC to 9.20 LBTC -0% from 43.51 LBTC to 43.51 LBTC +9% from 19.37% to 21.15%
tBTC +26% from 1.41 tBTC to 1.78 tBTC +18% from 8.07 tBTC to 9.50 tBTC +7% from 17.48% to 18.77%
cbBTC +12% from 115.59 cbBTC to 128.96 cbBTC +0% from 663.02 cbBTC to 663.53 cbBTC +11% from 17.43% to 19.43%
cbXRP +4% from 248.86K cbXRP to 258.77K cbXRP +11% from 1.51M cbXRP to 1.67M cbXRP -6% from 16.49% to 15.46%
USDbC +0% from 1.48K USDbC to 1.48K USDbC -0% from 10.04K USDbC to 10.03K USDbC +0% from 14.75% to 14.77%
MORPHO -5% from 644.74K MORPHO to 609.81K MORPHO -1% from 6.00M MORPHO to 5.92M MORPHO -4% from 10.74% to 10.30%
wstETH +33% from 151.29 wstETH to 200.91 wstETH -1% from 4.51K wstETH to 4.46K wstETH +34% from 3.35% to 4.51%
cbETH -54% from 162.06 cbETH to 74.23 cbETH -5% from 2.53K cbETH to 2.39K cbETH -52% from 6.40% to 3.10%
rETH -46% from 43.20 rETH to 23.18 rETH -0% from 1.05K rETH to 1.05K rETH -46% from 4.12% to 2.21%
wrsETH +0% from 3.20 wrsETH to 3.20 wrsETH -1% from 121.39 wrsETH to 120.37 wrsETH +1% from 2.64% to 2.66%
weETH +3% from 32.49 weETH to 33.35 weETH -0% from 3.03K weETH to 3.02K weETH +3% from 1.07% to 1.10%

Notable Trends

  • VIRTUAL supply increased 41% from 1.77M to 2.50M VIRTUAL
  • VIRTUAL borrows increased 137% from 399.94K to 949.70K VIRTUAL
  • AERO borrows increased 25% from 7.89M to 9.88M AERO
  • cbETH borrows decreased 54% from 162.06 to 74.23 cbETH
  • rETH borrows decreased 46% from 43.20 to 23.18 rETH
  • wstETH borrows increased 33% from 151.29 to 200.91 wstETH

Liquidations

  • Total liquidations: 109
  • Total Collateral Seized (USD): $506,904.95
  • Total Debt Repaid (USD): $460,822.68
  • Total Liquidation Bonus (USD): $46,082.27
  • Total Liquidator Bonus (USD): $32,257.59
  • Total Protocol Bonus (USD): $13,824.68
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
cbBTC 3.428561 $400,812.42 $364,374.92 $36,437.49 $25,506.24 $10,931.25 13
cbXRP 21,392.342711 $64,116.79 $58,287.99 $5,828.80 $4,080.16 $1,748.64 8
USDC 28,862.457738 $28,859.72 $26,236.11 $2,623.61 $1,836.53 $787.08 14
AERO 4,618.774800 $6,397.86 $5,816.24 $581.62 $407.14 $174.49 11
WELL 175,969.380000 $4,954.52 $4,504.11 $450.41 $315.29 $135.12 4
WETH 0.258181 $1,098.56 $998.69 $99.87 $69.91 $29.96 51
VIRTUAL 396.192100 $478.90 $435.36 $43.54 $30.48 $13.06 2
wstETH 0.029120 $157.47 $143.16 $14.32 $10.02 $4.29 1
EURC 16.033660 $18.72 $17.02 $1.70 $1.19 $0.51 2
USDbC 4.820630 $4.82 $4.38 $0.44 $0.31 $0.13 1
tBTC 0.000043 $4.80 $4.37 $0.44 $0.31 $0.13 1
cbETH 0.000076 $0.37 $0.34 $0.03 $0.02 $0.01 1


OP Mainnet

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 30.00K 32.00K 21.78% 22.86% 89.37%
USDC 34.00M 36.40M 24.47% 25.60% 89.32%
USDT 18.40M 22.60M 2.70% 2.48% 88.37%
DAI 4.50M 4.80M 8.25% 8.71% 87.75%
USDT0 8.00M 10.00M 10.03% 9.76% 82.45%
OP 650.00K 5.60M 45.06% 40.65% 12.89%
VELO 20.00M 68.00M 11.99% 70.22% 5.03%
rETH 340.00 750.00 1.27% 13.81% 4.36%
WBTC 0.00 0.00 0.00% 0.00% 4.33%
wstETH 1.50K 5.00K 2.41% 16.99% 4.26%
wrsETH 160.00 400.00 0.40% 5.98% 2.69%
weETH 220.00 1.20K 5.89% 99.98% 1.08%
cbETH 0.00 10.00 0.00% 8.56% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH -8% from 8.17K WETH to 7.49K WETH -7% from 9.10K WETH to 8.47K WETH -2% from 89.85% to 88.39%
USDC +5% from 9.33M USDC to 9.81M USDC +6% from 10.38M USDC to 10.98M USDC -1% from 89.90% to 89.36%
USDT -32% from 550.63K USDT to 373.49K USDT -28% from 617.80K USDT to 443.55K USDT -6% from 89.13% to 84.21%
DAI -30% from 363.74K DAI to 252.81K DAI -23% from 396.02K DAI to 303.24K DAI -9% from 91.85% to 83.37%
USDT0 -9% from 1.03M USDT0 to 935.61K USDT0 -13% from 1.30M USDT0 to 1.12M USDT0 +5% from 79.11% to 83.33%
OP +6% from 278.46K OP to 296.07K OP -7% from 2.32M OP to 2.16M OP +14% from 12.00% to 13.72%
VELO -11% from 2.42M VELO to 2.16M VELO +8% from 46.24M VELO to 50.01M VELO -18% from 5.24% to 4.31%
rETH +1095% from 0.61 rETH to 7.32 rETH -26% from 136.58 rETH to 101.20 rETH +1512% from 0.45% to 7.23%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC 0% from 4.33% to 4.33%
wstETH -7% from 37.72 wstETH to 35.15 wstETH -5% from 881.17 wstETH to 841.05 wstETH -2% from 4.28% to 4.18%
wrsETH -2% from 0.65 wrsETH to 0.63 wrsETH +1% from 23.88 wrsETH to 24.01 wrsETH -3% from 2.71% to 2.64%
weETH +13% from 11.59 weETH to 13.10 weETH +0% from 1.20K weETH to 1.20K weETH +13% from 0.97% to 1.09%
cbETH 0% from 0.00 cbETH to 0.00 cbETH -7% from 0.88 cbETH to 0.81 cbETH +8% from 0.02% to 0.02%

Notable Trends

  • rETH borrows increased 1095% from 0.61 to 7.32 rETH
  • USDT supply decreased 28% from 617.80K to 443.55K USDT
  • USDT borrows decreased 32% from 550.63K to 373.49K USDT

Liquidations

  • Total liquidations: 4
  • Total Collateral Seized (USD): $278.99
  • Total Debt Repaid (USD): $253.63
  • Total Liquidation Bonus (USD): $25.36
  • Total Liquidator Bonus (USD): $17.75
  • Total Protocol Bonus (USD): $7.61
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
OP 246.885974 $180.44 $164.03 $16.40 $11.48 $4.92 2
VELO 1,444.350000 $72.90 $66.27 $6.63 $4.64 $1.99 1
WETH 0.005802 $25.66 $23.33 $2.33 $1.63 $0.70 1


Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 6725.29M% 63.09%
xcUSDC 0.10 91.15M% 55.84%
xcUSDT 0.10 81.30M% 44.97%
USDC_wh 0.10 42.05M% 35.98%
BTC_wh 0.10 100.10% 8.41%
xcDOT 0.10 23.16M% 100%
ETH_wh 0.10 1.24K% 2.63%
FRAX 0.10 447.94K% 44.90%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +1% from 6.69M GLMR to 6.75M GLMR +1% from 10.57M GLMR to 10.70M GLMR -0% from 63.36% to 63.14%
xcUSDC +0% from 91.09K xcUSDC to 91.24K xcUSDC +0% from 163.29K xcUSDC to 163.31K xcUSDC +0% from 55.79% to 55.87%
xcUSDT -1% from 81.37K xcUSDT to 80.92K xcUSDT -2% from 181.69K xcUSDT to 178.48K xcUSDT +1% from 44.78% to 45.34%
USDC_wh +1% from 41.88K USDC_wh to 42.33K USDC_wh -4% from 119.86K USDC_wh to 115.59K USDC_wh +5% from 34.94% to 36.62%
BTC_wh 0% from 0.10 BTC_wh to 0.10 BTC_wh 0% from 1.19 BTC_wh to 1.19 BTC_wh 0% from 8.41% to 8.41%
xcDOT +0% from 23.16K xcDOT to 23.17K xcDOT +0% from 536.57K xcDOT to 536.58K xcDOT +0% from 100% to 100%
ETH_wh -0% from 1.24 ETH_wh to 1.24 ETH_wh -0% from 46.99 ETH_wh to 46.99 ETH_wh -0% from 2.65% to 2.63%
FRAX +0% from 447.94 FRAX to 447.94 FRAX +0% from 40.77K FRAX to 40.77K FRAX +0% from 44.90% to 44.90%

Liquidations

  • Total liquidations: 2
  • Total Collateral Seized (USD): $41.64
  • Total Debt Repaid (USD): $37.86
  • Total Liquidation Bonus (USD): $3.79
  • Total Liquidator Bonus (USD): $2.65
  • Total Protocol Bonus (USD): $1.14
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 565.203000 $41.64 $37.86 $3.79 $2.65 $1.14 2


Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.59M% 43.55%
FRAX 0.10 64.39M% 19.57%
MOVR 0.10 3.57M% 2.41%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM +0% from 6.58K xcKSM to 6.59K xcKSM -1% from 15.13K xcKSM to 15.06K xcKSM +1% from 43.50% to 43.76%
FRAX 0% from 64.39K FRAX to 64.39K FRAX 0% from 329.00K FRAX to 329.00K FRAX 0% from 19.57% to 19.57%
MOVR +0% from 3.57K MOVR to 3.57K MOVR -1% from 148.66K MOVR to 147.80K MOVR +1% from 2.40% to 2.42%

Liquidations

No liquidation events on Moonriver this week.

I am also locked out of my xcDOT and have repeatedly communicated with the Moonwell team on Discord, but they have not provided any concrete solutions. I am very disappointed in this project due to its lack of transparency. Moreover, it seems that the administrators on Discord are avoiding answering my questions, possibly because they fear users might discover some opaque or suspicious activities within the project.

1 Like

Hi @AnthiasLabs, could you provide some clarification on the reason the borrow cap is basically zeroed out on Moonbeam? I have a suspicion that you might be looking at Stellaswap’s old v2/v3 pools and seeing near 0 liquidity. A few months ago we migrated to Algebra’s Integral (similar to Uniswap v4) and our pools have new contracts now.

There is about $8 million in liquidity on Stellaswap as of this writing, and a quick test shows a 200k GLMR swap to USDC.xc has a 0.63% price impact.

I’d further note that we’ve migrated away from supporting Wormhole assets and are focusing instead on SnowBridge BTC and ETH.

Hi @ogre44444, earlier this year Gauntlet decided to go risk-off in the Moonbeam markets by gradually reducing borrow caps and collateral factors. Here in May we see the final proposal that “zeroes out” borrow caps. Since assuming responsibilities in July, we have not yet opted to reverse this stance.

Weekly Update (8/22/25 - 8/28/25)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP mainnet, Moonbeam, and Moonriver. Data from 8/22/25 to 8/28/25. More information can be found on our monitoring dashboard.

Base

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 184.00M 200.00M 29.70% 30.73% 88.98%
WETH 64.00K 96.00K 29.99% 23.11% 86.48%
USDS 690.00K 750.00K 2.55% 2.75% 85.42%
EURC 21.00M 21.90M 11.48% 13.37% 82.47%
DAI 300.00K 400.00K 6.21% 7.74% 60.19%
VIRTUAL 2.30M 4.50M 33.59% 40.80% 42.26%
AERO 25.00M 70.00M 40.27% 38.09% 37.79%
WELL 75.00M 220.00M 62.69% 75.07% 28.47%
cbBTC 640.00 1.50K 20.62% 45.06% 19.53%
LBTC 38.00 95.00 25.13% 54.15% 18.60%
cbXRP 1.60M 3.00M 20.26% 60.51% 17.85%
tBTC 36.00 90.00 5.17% 12.94% 16.61%
USDbC 1.00 1.00 148.18K% 1.00M% 14.79%
MORPHO 1.00M 6.00M 53.20% 97.58% 9.08%
wrsETH 430.00 1.00K 0.74% 12.04% 2.66%
cbETH 6.40K 16.00K 0.98% 15.08% 2.60%
rETH 900.00 2.60K 2.57% 39.82% 2.23%
wstETH 4.80K 14.40K 2.04% 31.00% 2.20%
weETH 700.00 4.00K 4.80% 75.48% 1.11%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC +4% from 56.04M USDC to 58.38M USDC -1% from 62.70M USDC to 61.81M USDC +6% from 89.38% to 94.46%
WETH -2% from 18.60K WETH to 18.30K WETH -1% from 21.60K WETH to 21.45K WETH -1% from 86.14% to 85.34%
USDS -6% from 18.54K USDS to 17.42K USDS +1% from 20.40K USDS to 20.65K USDS -7% from 90.89% to 84.36%
EURC -1% from 2.31M EURC to 2.30M EURC -7% from 2.97M EURC to 2.77M EURC +7% from 77.96% to 83.03%
DAI -10% from 20.33K DAI to 18.29K DAI -0% from 31.01K DAI to 30.86K DAI -10% from 65.57% to 59.27%
VIRTUAL -10% from 950.36K VIRTUAL to 853.36K VIRTUAL -25% from 2.50M VIRTUAL to 1.87M VIRTUAL +20% from 38.00% to 45.55%
AERO +2% from 9.90M AERO to 10.14M AERO -1% from 26.83M AERO to 26.46M AERO +4% from 36.90% to 38.31%
WELL -3% from 50.08M WELL to 48.57M WELL +6% from 161.06M WELL to 171.39M WELL -9% from 31.09% to 28.34%
cbBTC -7% from 136.82 cbBTC to 127.33 cbBTC +0% from 676.72 cbBTC to 679.47 cbBTC -7% from 20.22% to 18.74%
LBTC +6% from 9.20 LBTC to 9.73 LBTC +19% from 43.51 LBTC to 51.58 LBTC -11% from 21.15% to 18.87%
cbXRP +28% from 257.11K cbXRP to 328.32K cbXRP +13% from 1.68M cbXRP to 1.90M cbXRP +13% from 15.29% to 17.31%
tBTC +5% from 1.78 tBTC to 1.88 tBTC +50% from 9.50 tBTC to 14.29 tBTC -30% from 18.77% to 13.15%
USDbC +0% from 1.48K USDbC to 1.48K USDbC -0% from 10.03K USDbC to 10.02K USDbC +0% from 14.77% to 14.79%
MORPHO -9% from 608.76K MORPHO to 553.37K MORPHO +0% from 5.92M MORPHO to 5.94M MORPHO -9% from 10.28% to 9.32%
wrsETH -0% from 3.20 wrsETH to 3.20 wrsETH +0% from 120.37 wrsETH to 120.46 wrsETH -0% from 2.66% to 2.65%
cbETH -22% from 74.22 cbETH to 57.73 cbETH +0% from 2.39K cbETH to 2.39K cbETH -22% from 3.10% to 2.41%
rETH -1% from 23.18 rETH to 23.06 rETH -3% from 1.05K rETH to 1.02K rETH +2% from 2.21% to 2.27%
wstETH -54% from 200.91 wstETH to 91.92 wstETH -0% from 4.46K wstETH to 4.44K wstETH -54% from 4.51% to 2.07%
weETH +2% from 33.34 weETH to 33.84 weETH -0% from 3.02K weETH to 3.01K weETH +2% from 1.10% to 1.12%

Notable Trends

  • VIRTUAL supply decreased 25% from 2.50M to 1.87M VIRTUAL
  • tBTC supply increased 50% from 9.50 to 14.29 tBTC
  • cbXRP borrows increased 28% from 257.11K to 328.32K cbXRP
  • wstETH borrows decreased 54% from 200.91 to 91.92 wstETH

Liquidations

  • Total liquidations: 119
  • Total Collateral Seized (USD): $1,971,411.93
  • Total Debt Repaid (USD): $1,792,192.66
  • Total Liquidation Bonus (USD): $179,219.27
  • Total Liquidator Bonus (USD): $125,453.49
  • Total Protocol Bonus (USD): $53,765.78
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
USDC 1,838,031.8197 $1,837,788.72 $1,670,717.02 $167,071.70 $116,950.19 $50,121.51 34
AERO 75,415.474802 $97,789.84 $88,899.86 $8,889.99 $6,222.99 $2,667.00 18
WETH 2.646941 $11,495.00 $10,450.00 $1,045.00 $731.50 $313.50 25
cbBTC 0.097611 $10,932.05 $9,938.23 $993.82 $695.68 $298.15 13
WELL 249,529.2 $7,281.72 $6,619.74 $661.97 $463.38 $198.59 6
EURC 2,663.009 $3,109.12 $2,826.47 $282.65 $197.85 $84.79 4
cbXRP 467.093 $1,368.68 $1,244.25 $124.43 $87.10 $37.33 2
VIRTUAL 597.91354 $691.29 $628.44 $62.84 $43.99 $18.85 7
cbETH 0.075168 $392.36 $356.69 $35.67 $24.97 $10.70 1
weETH 0.056265 $279.93 $254.48 $25.45 $17.81 $7.63 1
wstETH 0.035563 $198.82 $180.74 $18.07 $12.65 $5.42 2
LBTC 0.000508 $58.96 $53.60 $5.36 $3.75 $1.61 4
tBTC 0.000206 $23.44 $21.31 $2.13 $1.49 $0.64 1
DAI 2.016010 $2.02 $1.83 $0.18 $0.13 $0.05 1


OP Mainnet

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
USDC 34.00M 36.40M 23.93% 25.00% 89.43%
WETH 30.00K 32.00K 21.70% 22.79% 89.34%
USDT0 8.00M 10.00M 12.66% 11.69% 86.59%
USDT 18.40M 22.60M 2.34% 2.20% 86.48%
DAI 4.50M 4.80M 6.34% 6.98% 84.87%
OP 650.00K 5.60M 45.36% 40.41% 13.04%
rETH 340.00 750.00 1.68% 14.65% 5.56%
wstETH 1.50K 5.00K 2.47% 15.91% 4.67%
WBTC 0.00 0.00 0.00% 0.00% 4.33%
VELO 20.00M 68.00M 10.02% 77.37% 3.82%
wrsETH 160.00 400.00 0.40% 6.00% 2.64%
weETH 220.00 1.20K 6.20% 100.01% 1.14%
cbETH 0.00 10.00 0.00% 8.07% 0.02%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
USDC -4% from 9.81M USDC to 9.43M USDC -4% from 10.98M USDC to 10.57M USDC -0% from 89.36% to 89.23%
WETH +6% from 7.49K WETH to 7.95K WETH +7% from 8.47K WETH to 9.10K WETH -1% from 88.38% to 87.40%
USDT0 +2% from 934.32K USDT0 to 953.65K USDT0 -4% from 1.12M USDT0 to 1.07M USDT0 +7% from 83.22% to 88.79%
USDT -7% from 373.49K USDT to 348.86K USDT -6% from 443.55K USDT to 417.78K USDT -1% from 84.21% to 83.50%
DAI +75% from 252.81K DAI to 443.06K DAI +62% from 303.24K DAI to 491.90K DAI +8% from 83.37% to 90.07%
OP -1% from 296.07K OP to 293.06K OP +5% from 2.16M OP to 2.28M OP -6% from 13.72% to 12.88%
rETH -38% from 7.32 rETH to 4.55 rETH -16% from 101.20 rETH to 85.35 rETH -26% from 7.23% to 5.34%
wstETH +14% from 35.15 wstETH to 40.03 wstETH -7% from 840.85 wstETH to 784.26 wstETH +22% from 4.18% to 5.10%
WBTC 0% from 0.00 WBTC to 0.00 WBTC 0% from 0.07 WBTC to 0.07 WBTC +0% from 4.33% to 4.33%
VELO -6% from 2.14M VELO to 2.01M VELO +7% from 50.01M VELO to 53.37M VELO -12% from 4.29% to 3.76%
wrsETH 0% from 0.63 wrsETH to 0.63 wrsETH +0% from 24.01 wrsETH to 24.01 wrsETH +0% from 2.64% to 2.64%
weETH +7% from 13.10 weETH to 13.98 weETH +0% from 1.20K weETH to 1.20K weETH +7% from 1.09% to 1.16%
cbETH 0% from 0.00 cbETH to 0.00 cbETH -1% from 0.81 cbETH to 0.81 cbETH +1% from 0.02% to 0.02%

Notable Trends

  • DAI supply increased 62% from 303.24K to 491.90K DAI
  • DAI borrows increased 75% from 252.81K to 443.06K DAI

Liquidations

  • Total liquidations: 3
  • Total Collateral Seized (USD): $498.15
  • Total Debt Repaid (USD): $452.86
  • Total Liquidation Bonus (USD): $45.29
  • Total Liquidator Bonus (USD): $31.70
  • Total Protocol Bonus (USD): $13.59
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
USDC 492.059 $492.01 $447.29 $44.73 $31.31 $13.42 1
WETH 0.000998 $4.71 $4.28 $0.43 $0.30 $0.13 1
DAI 1.42638 $1.43 $1.30 $0.13 $0.09 $0.04 1


Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcUSDC 0.10 89.72M% 66.17%
GLMR 0.10 6783.27M% 63.50%
xcUSDT 0.10 77.94M% 51.91%
USDC_wh 0.10 42.64M% 36.71%
BTC_wh 0.10 99.99% 8.40%
xcDOT 0.10 23.17M% 100%
ETH_wh 0.10 1.22K% 2.61%
FRAX 0.10 447.94K% 44.90%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcUSDC -7% from 91.24K xcUSDC to 84.55K xcUSDC -14% from 163.31K xcUSDC to 139.77K xcUSDC +8% from 55.87% to 60.50%
GLMR +1% from 6.75M GLMR to 6.81M GLMR +0% from 10.70M GLMR to 10.75M GLMR +0% from 63.14% to 63.41%
xcUSDT -8% from 80.92K xcUSDT to 74.50K xcUSDT -22% from 178.48K xcUSDT to 139.04K xcUSDT +18% from 45.34% to 53.58%
USDC_wh +1% from 42.33K USDC_wh to 42.84K USDC_wh +1% from 115.59K USDC_wh to 117.02K USDC_wh -0% from 36.62% to 36.61%
BTC_wh -0% from 0.10 BTC_wh to 0.10 BTC_wh +0% from 1.19 BTC_wh to 1.19 BTC_wh -0% from 8.41% to 8.40%
xcDOT +0% from 23.17K xcDOT to 23.17K xcDOT +0% from 536.58K xcDOT to 536.58K xcDOT +0% from 100% to 100%
ETH_wh -2% from 1.24 ETH_wh to 1.21 ETH_wh -14% from 46.99 ETH_wh to 40.43 ETH_wh +14% from 2.63% to 3.00%
FRAX 0% from 447.94 FRAX to 447.94 FRAX 0% from 40.77K FRAX to 40.77K FRAX +0% from 44.90% to 44.90%

Liquidations

  • Total liquidations: 1
  • Total Collateral Seized (USD): $128.83
  • Total Debt Repaid (USD): $117.12
  • Total Liquidation Bonus (USD): $11.71
  • Total Liquidator Bonus (USD): $8.20
  • Total Protocol Bonus (USD): $3.51
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
GLMR 1,642.150000 $128.83 $117.12 $11.71 $8.20 $3.51 1


Moonriver

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
xcKSM 0.10 6.57M% 42.48%
FRAX 0.10 64.39M% 19.57%
MOVR 0.10 3.57M% 2.38%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
xcKSM -1% from 6.59K xcKSM to 6.51K xcKSM +4% from 15.06K xcKSM to 15.72K xcKSM -5% from 43.76% to 41.39%
FRAX 0% from 64.39K FRAX to 64.39K FRAX 0% from 329.00K FRAX to 329.00K FRAX 0% from 19.57% to 19.57%

Liquidations

No liquidations on Moonriver this week.

Could you describe what you would need to see on Moonbeam to raise the caps? Is it just a matter of dex liquidity depth (and if so, what’s the minimum required) and if not, what else?

In short, raising caps on Moonbeam primarily hinges on improving DEX liquidity, but it’s not just about hitting a specific minimum threshold. It’s about ensuring the overall risk in the Moonbeam markets remains manageable. The Moonbeam markets are based on an older fork of Compound that lacks the supply cap parameter, meaning users can supply an uncapped amount of any asset. Therefore the main tool we have to limit exposure in these markets is the borrow cap. In a pooled lending model like this, the health and stability of the entire market are tied to its weakest link. Namely, the most risky or illiquid asset. Because the markets lack supply caps, we can’t isolate risks easily, so any borrow cap increases must account for these weak links.

For instance, if we raised the borrow cap on GLMR (which has decent liquidity on Moonbeam), a user could supply an uncapped amount of Wormhole ETH (which has virtually no liquidity) as collateral and borrow GLMR up to the new limit. This could expose the protocol to liquidation challenges: liquidators might struggle to swap sized Wormhole ETH for stables directly on a DEX, forcing them to bridge assets elsewhere for liquidity. That introduces unnecessary dependencies, timing risks, etc. which we’d want to avoid.

To raise borrow caps confidently, we’d first need to phase out the markets of illiquid assets such as Wormhole ETH, FRAX, etc. essentially removing the weak links.