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.
1 Like
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.
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 |
2.208137 |
$220.84 |
5 |
| USDT0 |
0.006051 |
$0.61 |
2 |
Moonbeam
| Asset |
Current Borrow Cap |
Average Borrow Cap Usage (Past Week) |
Average Supply Cap Usage (Past Week) |
Average Utilization |
| GLMR |
0.10 |
6475.90M% |
0.00% |
60.48% |
| xcUSDC |
0.10 |
99.80M% |
0.00% |
37.31% |
| USDC_wh |
0.10 |
42.34M% |
0.00% |
33.95% |
| xcUSDT |
0.10 |
84.89M% |
0.00% |
30.14% |
| xcDOT |
0.10 |
23.21M% |
0.00% |
4.30% |
| ETH_wh |
0.10 |
1.37K% |
0.00% |
2.68% |
| FRAX |
0.10 |
455.12K% |
0.00% |
0.99% |
| BTC_wh |
0.10 |
6.70% |
0.00% |
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 Supply Cap Usage (Past Week) |
Average Utilization |
| xcKSM |
0.10 |
6.78M% |
0.00% |
41.29% |
| FRAX |
0.10 |
67.47M% |
0.00% |
20.98% |
| MOVR |
0.10 |
3.80M% |
0.00% |
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.
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!
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 [liquidity = (supplied + reserves) - (borrows + bad debt)]. 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.
