# \[Anthias Labs\] Weekly Market Updates **URL:** \ **Category:** Updates\ **Created:** [July 4, 2025, 10:36pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772 "2025-07-04T22:36:48Z")\ **Posts on this page:** 20\ **Page:** 4
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [April 10, 2026, 2:44am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/61 "2026-04-10T02:44:47Z")
# Weekly Update (4/3/26 - 4/9/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/3/26 to 4/9/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 64.00K | 96.00K | 5.22% | 4.30% | 80.86% | | USDS | 690.00K | 750.00K | 1.22% | 1.48% | 75.70% | | USDC | 184.00M | 200.00M | 6.78% | 9.30% | 67.13% | | EURC | 21.00M | 21.90M | 2.70% | 4.10% | 63.28% | | VIRTUAL | 10.00K | 4.50M | 21.57K% | 82.90% | 57.82% | | cbXRP | 1.60M | 5.00M | 83.72% | 58.32% | 45.94% | | DAI | 300.00K | 400.00K | 3.44% | 5.63% | 45.80% | | cbETH | 0.00 | 4.00K | 0.00% | 41.33% | 45.40% | | MAMO | 3.00M | 20.00M | 20.21% | 13.73% | 22.62% | | tBTC | 5.00 | 50.00 | 3.92% | 1.84% | 21.27% | | AERO | 7.50M | 70.00M | 41.95% | 23.19% | 19.39% | | wstETH | 500.00 | 14.40K | 30.63% | 6.12% | 17.39% | | cbBTC | 90.00 | 1.50K | 22.13% | 8.30% | 15.99% | | WELL | 34.00M | 250.00M | 71.42% | 86.49% | 11.23% | | USDbC | 1.00 | 1.00 | 91.39K% | 818.31K% | 11.17% | | LBTC | 10.00 | 95.00 | 26.96% | 58.42% | 4.86% | | MORPHO | 100.00K | 6.00M | 215.55% | 94.34% | 3.81% | | rETH | 200.00 | 2.60K | 7.19% | 29.19% | 1.89% | | weETH | 200.00 | 5.40K | 0.20% | 1.45% | 0.52% | | wrsETH | 0.00 | 1.00 | 0.00% | 3.52K% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 38.07% | 0.00% | ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/5ba3a042ab0060ac9befdfbfaf80216e1f0e5a4b.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,811,872.65 | 726.82069313 | $146,484.07 | 58.5529 | | cbXRP | $1,734,091.39 | 1273820.707148 | $710,702.10 | 522575.0725 | | VIRTUAL | $1,465,400.22 | 2155722.04694553 | $641,251.89 | 950002.8026 | | WETH | $534,947.74 | 241.79393611 | $161,085.24 | 72.5518 | | USDC | $310,361.82 | 310389.731307 | $137,941.21 | 137941.2135 | | wstETH | $223,406.77 | 82.0027733 | $97,363.48 | 35.6112 | | MORPHO | $221,413.54 | 119506.94205884 | $27,086.17 | 14672.8961 | | EURC | $194,802.59 | 166743.385608 | $29,061.15 | 24881.1231 | | AERO | $168,226.06 | 468886.68717855 | $103,228.07 | 293261.5689 | | cbBTC | $22,590.68 | 0.3123568 | $128,318.72 | 1.7729 | | DAI | $1,525.75 | 1525.97491479 | $1,928.40 | 1928.4011 | | USDS | $1,174.47 | 1174.98890767 | $156.89 | 156.8937 | | tBTC | $874.76 | 0.01210016 | $6,331.01 | 0.0877 | | WELL | $102.52 | 23509.59356337 | $11,327.38 | 2831844.8767 | | weETH | $8.02 | 0.00331787 | $17,093.67 | 7.0507 | | rETH | $2.42 | 0.00094252 | $10,785.86 | 4.184 | | LBTC | $1.14 | 0.00001576 | $15,369.85 | 0.2116 | | wrsETH | $1.11 | 0.00047018 | $2,787.47 | 1.1744 | | MAMO | $0.59 | 44.49251199 | $253.60 | 19507.8032 | | USDbC | $0.03 | 0.033568 | $2.71 | 2.7091 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +5% from 3.22K WETH to 3.36K WETH | +4% from 4.10K WETH to 4.27K WETH | +0% from 78.41% to 78.62% | | USDS | -1% from 8.40K USDS to 8.35K USDS | +16% from 9.65K USDS to 11.15K USDS | -14% from 87.09% to 74.88% | | USDC | -0% from 12.46M USDC to 12.45M USDC | +22% from 15.00M USDC to 18.36M USDC | -18% from 83.05% to 67.82% | | EURC | +21% from 548.63K EURC to 666.43K EURC | -9% from 970.49K EURC to 880.25K EURC | +34% from 56.53% to 75.71% | | VIRTUAL | +1% from 2.15M VIRTUAL to 2.17M VIRTUAL | +1% from 3.72M VIRTUAL to 3.78M VIRTUAL | -0% from 57.68% to 57.42% | | cbXRP | +1% from 1.33M cbXRP to 1.34M cbXRP | -0% from 2.92M cbXRP to 2.91M cbXRP | +1% from 45.77% to 46.14% | | DAI | -0% from 10.31K DAI to 10.31K DAI | +0% from 22.51K DAI to 22.51K DAI | -0% from 45.82% to 45.80% | | cbETH | +0% from 749.67 cbETH to 751.07 cbETH | +0% from 1.63K cbETH to 1.63K cbETH | -0% from 45.97% to 45.95% | | MAMO | -36% from 645.24K MAMO to 409.88K MAMO | **-47% from 3.67M MAMO to 1.96M MAMO** | +19% from 17.58% to 20.93% | | tBTC | +0% from 0.20 tBTC to 0.20 tBTC | +0% from 0.92 tBTC to 0.92 tBTC | +0% from 21.26% to 21.32% | | AERO | +24% from 2.74M AERO to 3.39M AERO | +2% from 16.24M AERO to 16.62M AERO | +21% from 16.89% to 20.41% | | wstETH | -0% from 153.25 wstETH to 153.01 wstETH | +4% from 873.87 wstETH to 908.73 wstETH | -4% from 17.54% to 16.84% | | cbBTC | -9% from 20.52 cbBTC to 18.74 cbBTC | +1% from 122.46 cbBTC to 124.13 cbBTC | -10% from 16.76% to 15.10% | | WELL | -9% from 26.03M WELL to 23.68M WELL | +1% from 215.04M WELL to 218.16M WELL | -10% from 12.11% to 10.85% | | USDbC | +0% from 913.87 USDbC to 913.93 USDbC | +0% from 8.18K USDbC to 8.18K USDbC | +0% from 11.17% to 11.17% | | LBTC | +4% from 2.59 LBTC to 2.70 LBTC | +0% from 55.44 LBTC to 55.47 LBTC | +4% from 4.67% to 4.87% | | MORPHO | +0% from 215.53K MORPHO to 215.57K MORPHO | +0% from 5.66M MORPHO to 5.66M MORPHO | +0% from 3.81% to 3.81% | | rETH | -1% from 14.47 rETH to 14.34 rETH | +0% from 758.92 rETH to 759.83 rETH | -1% from 1.91% to 1.89% | | weETH | **-46% from 0.63 weETH to 0.34 weETH** | +2% from 77.79 weETH to 79.50 weETH | **-47% from 0.81% to 0.43%** | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 35.24 wrsETH to 35.24 wrsETH | +0% from 0.04% to 0.04% | | VVV | +3% from 0.09 VVV to 0.10 VVV | -1% from 65.17K VVV to 64.53K VVV | +4% from 0.00% to 0.00% | ### Notable Trends - USDC supply +22% (15.00M → 18.36M USDC) - AERO borrows +24% (2.74M → 3.39M AERO) - EURC borrows +21% (548.63K → 666.43K EURC) ### Liquidations - **Total liquidations:** 132 - **Total Collateral Seized (USD):** $1,798.70 - **Total Debt Repaid (USD):** $1,635.18 - **Total Liquidation Bonus (USD):** $163.52 - **Total Liquidator Bonus (USD):** $114.46 - **Total Protocol Bonus (USD):** $49.06 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | AERO | 4,684.360780 | $1,460.48 | $1,327.71 | $132.77 | $92.94 | $39.83 | 5 | | WETH | 0.090073 | $195.30 | $177.54 | $17.75 | $12.43 | $5.33 | 59 | | USDC | 138.943561 | $138.93 | $126.30 | $12.63 | $8.84 | $3.79 | 40 | | VIRTUAL | 3.184188 | $1.96 | $1.78 | $0.18 | $0.12 | $0.05 | 2 | | cbETH | 0.000365 | $0.84 | $0.76 | $0.08 | $0.05 | $0.02 | 3 | | EURC | 0.481620 | $0.55 | $0.50 | $0.05 | $0.04 | $0.02 | 8 | | wstETH | 0.000154 | $0.39 | $0.35 | $0.04 | $0.02 | $0.01 | 1 | | cbXRP | 0.131145 | $0.18 | $0.16 | $0.02 | $0.01 | $0.00 | 1 | | cbBTC | 0.000001 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | 1 | | rETH | 0.000011 | $0.03 | $0.02 | $0.00 | $0.00 | $0.00 | 12 | ## OP Mainnet | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.45% | | WETH | 30.00K | 32.00K | 3.37% | 4.28% | 73.64% | | DAI | 4.50M | 4.80M | 0.64% | 0.82% | 73.18% | | USDT0 | 8.00M | 10.00M | 0.50% | 0.62% | 64.40% | | USDC | 34.00M | 36.40M | 1.01% | 1.88% | 49.97% | | USDT | 18.40M | 22.60M | 0.27% | 0.52% | 41.59% | | OP | 650.00K | 5.60M | 51.59% | 15.49% | 38.67% | | rETH | 150.00 | 750.00 | 1.55% | 2.29% | 13.50% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.47% | | VELO | 6.00M | 80.00M | 27.25% | 39.77% | 5.14% | | wstETH | 300.00 | 5.00K | 1.35% | 2.35% | 3.45% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 3.08% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/9a810600705fd8f2ab700824d63591114fd50b40.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,917.00 | 2.31739253 | $704.13 | 0.2718 | | wstETH | $3,784.00 | 1.39714142 | $5,841.86 | 2.1263 | | cbETH | $267.00 | 0.10794091 | $2.01 | 0.0008 | | VELO | $22.00 | 1451.51745423 | $7,601.99 | 542999.2301 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.11 cbETH to 0.11 cbETH | 0% from 0.11 cbETH to 0.11 cbETH | 0% from 99.45% to 99.45% | | WETH | -1% from 1.01K WETH to 1.01K WETH | -1% from 1.38K WETH to 1.37K WETH | +0% from 73.54% to 73.54% | | DAI | +0% from 28.74K DAI to 28.77K DAI | -0% from 39.37K DAI to 39.28K DAI | +0% from 73.01% to 73.24% | | USDT0 | +0% from 40.07K USDT0 to 40.11K USDT0 | -1% from 62.49K USDT0 to 62.14K USDT0 | +1% from 64.12% to 64.54% | | USDC | +1% from 338.42K USDC to 342.69K USDC | +2% from 677.88K USDC to 694.47K USDC | -1% from 49.92% to 49.35% | | USDT | +0% from 48.79K USDT to 48.82K USDT | +0% from 117.33K USDT to 117.34K USDT | +0% from 41.59% to 41.60% | | OP | +21% from 300.05K OP to 361.85K OP | -0% from 870.53K OP to 866.25K OP | +21% from 34.47% to 41.77% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -4% from 17.68 rETH to 17.01 rETH | +4% from 13.12% to 13.64% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.44% to 9.48% | | VELO | -0% from 1.64M VELO to 1.63M VELO | +2% from 31.36M VELO to 32.08M VELO | -2% from 5.21% to 5.10% | | wstETH | +5% from 3.89 wstETH to 4.06 wstETH | -11% from 121.93 wstETH to 109.13 wstETH | +17% from 3.19% to 3.72% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 41.78 weETH to 41.78 weETH | 0% from 3.08% to 3.08% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.48 wrsETH to 12.48 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - wstETH supply -11% (121.93 → 109.13 wstETH) - OP borrows +21% (300.05K → 361.85K OP) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $4.49 - **Total Debt Repaid (USD):** $4.09 - **Total Liquidation Bonus (USD):** $0.41 - **Total Liquidator Bonus (USD):** $0.29 - **Total Protocol Bonus (USD):** $0.12 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 340.975000 | $4.49 | $4.09 | $0.41 | $0.29 | $0.12 | 1 | ## Moonbeam | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 12234.99M% | 76.26% | | xcDOT | 0.10 | 3.29M% | 48.10% | | FRAX | 0.10 | 134.16K% | 46.50% | | xcUSDC | 0.10 | 8.79M% | 18.75% | | xcUSDT | 0.10 | 12.05M% | 15.41% | | USDC.wh | 0.10 | 8.10M% | 8.58% | | ETH.wh | 0.10 | 846.30% | 3.36% | | BTC.wh | 0.10 | 1.28% | 0.12% | ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/88e0ac048676d27c81a88662810db7b1d842b021.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $136,953.00 | 12307238.1462746 | $46,749.93 | 4256464.7992 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +3% from 12.07M GLMR to 12.41M GLMR | +2% from 15.89M GLMR to 16.26M GLMR | +1% from 75.93% to 76.32% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | +1% from 1.07M xcDOT to 1.08M xcDOT | -1% from 48.29% to 47.86% | | FRAX | +0% from 134.16 FRAX to 134.16 FRAX | -0% from 38.70K FRAX to 38.69K FRAX | +0% from 46.49% to 46.51% | | xcUSDC | +0% from 8.79K xcUSDC to 8.79K xcUSDC | -16% from 50.50K xcUSDC to 42.53K xcUSDC | +19% from 17.40% to 20.67% | | xcUSDT | +0% from 12.04K xcUSDT to 12.05K xcUSDT | -1% from 78.61K xcUSDT to 78.01K xcUSDT | +1% from 15.32% to 15.44% | | USDC.wh | +0% from 8.10K USDC.wh to 8.10K USDC.wh | +0% from 94.36K USDC.wh to 94.36K USDC.wh | +0% from 8.58% to 8.58% | | ETH.wh | 0% from 0.85 ETH.wh to 0.85 ETH.wh | 0% from 25.18 ETH.wh to 25.18 ETH.wh | 0% from 3.36% to 3.36% | | BTC.wh | **+125% from 0.00 BTC.wh to 0.00 BTC.wh** | 0% from 1.03 BTC.wh to 1.03 BTC.wh | **+127% from 0.08% to 0.17%** | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [April 17, 2026, 3:04am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/62 "2026-04-17T03:04:44Z")
# Weekly Update (4/10/26 - 4/16/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/10/26 to 4/16/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 64.00K | 96.00K | 5.38% | 4.39% | 81.77% | | USDS | 690.00K | 750.00K | 1.21% | 1.51% | 73.65% | | EURC | 21.00M | 21.90M | 3.03% | 4.12% | 70.58% | | USDC | 184.00M | 200.00M | 6.75% | 9.02% | 69.14% | | VIRTUAL | 10.00K | 4.50M | 21.78K% | 84.74% | 57.11% | | DAI | 300.00K | 400.00K | 3.56% | 5.63% | 47.47% | | cbETH | 0.00 | 4.00K | 0.00% | 40.38% | 46.69% | | cbXRP | 1.60M | 5.00M | 84.54% | 58.26% | 46.44% | | MAMO | 3.00M | 20.00M | 13.21% | 7.80% | 25.47% | | AERO | 7.50M | 70.00M | 44.99% | 23.68% | 20.37% | | wstETH | 500.00 | 14.40K | 31.34% | 6.39% | 17.11% | | cbBTC | 90.00 | 1.50K | 22.93% | 8.22% | 16.73% | | WELL | 34.00M | 250.00M | 69.37% | 73.18% | 13.07% | | USDbC | 1.00 | 1.00 | 91.40K% | 818.32K% | 11.17% | | tBTC | 5.00 | 50.00 | 1.68% | 1.79% | 9.32% | | LBTC | 10.00 | 95.00 | 27.10% | 58.39% | 4.89% | | MORPHO | 100.00K | 6.00M | 215.58% | 94.37% | 3.81% | | rETH | 200.00 | 2.60K | 7.17% | 29.22% | 1.89% | | weETH | 200.00 | 5.40K | 0.17% | 1.47% | 0.43% | | wrsETH | 0.00 | 1.00 | 0.00% | 3.37K% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 37.95% | 0.00% | ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/a/a040640f90b604dbccb2894e90a9c1e79202860c.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,917,260.92 | 728.78154077 | $156,970.64 | 59.2584 | | cbXRP | $1,824,010.15 | 1275766.384971 | $759,828.60 | 523297.9367 | | VIRTUAL | $1,577,042.21 | 2175561.04796 | $707,256.25 | 957044.9955 | | WETH | $564,256.64 | 241.82416565 | $170,649.31 | 72.6345 | | USDC | $310,672.13 | 310703.185148 | $139,414.92 | 139414.9178 | | wstETH | $235,935.35 | 82.02033934 | $103,158.77 | 35.6164 | | MORPHO | $213,914.83 | 119528.28883736 | $26,428.85 | 14690.8547 | | EURC | $196,552.21 | 166885.484698 | $29,434.16 | 24944.2039 | | AERO | $186,239.95 | 469322.99631946 | $120,740.57 | 294489.2029 | | cbBTC | $23,349.21 | 0.31242049 | $133,148.23 | 1.7733 | | DAI | $1,526.44 | 1526.59782692 | $1,932.78 | 1932.7778 | | USDS | $1,169.79 | 1170.2506395 | $157.78 | 157.7817 | | tBTC | $906.52 | 0.01210206 | $6,569.28 | 0.0877 | | WELL | $103.62 | 23523.25805297 | $11,341.24 | 2835309.032 | | weETH | $8.46 | 0.00331792 | $18,094.73 | 7.0507 | | rETH | $2.56 | 0.00094254 | $11,417.74 | 4.1841 | | LBTC | $1.18 | 0.00001576 | $15,946.16 | 0.2116 | | wrsETH | $1.17 | 0.00047018 | $2,950.92 | 1.1744 | | MAMO | $0.59 | 44.58587885 | $256.97 | 19766.5649 | | USDbC | $0.03 | 0.033573 | $2.82 | 2.8236 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +6% from 3.31K WETH to 3.52K WETH | -4% from 4.27K WETH to 4.10K WETH | +11% from 77.52% to 85.91% | | USDS | +0% from 8.35K USDS to 8.35K USDS | +6% from 11.15K USDS to 11.76K USDS | -5% from 74.88% to 70.99% | | EURC | -17% from 666.44K EURC to 549.83K EURC | -1% from 877.76K EURC to 870.56K EURC | -17% from 75.93% to 63.16% | | USDC | +0% from 12.46M USDC to 12.50M USDC | -0% from 17.21M USDC to 17.16M USDC | +1% from 72.42% to 72.86% | | VIRTUAL | +1% from 2.17M VIRTUAL to 2.19M VIRTUAL | +2% from 3.78M VIRTUAL to 3.86M VIRTUAL | -1% from 57.42% to 56.68% | | DAI | +12% from 10.31K DAI to 11.55K DAI | +0% from 22.51K DAI to 22.52K DAI | +12% from 45.80% to 51.29% | | cbETH | +0% from 751.10 cbETH to 753.07 cbETH | +12% from 1.53K cbETH to 1.71K cbETH | -10% from 49.11% to 44.13% | | cbXRP | +3% from 1.34M cbXRP to 1.38M cbXRP | -2% from 2.91M cbXRP to 2.86M cbXRP | +5% from 46.08% to 48.33% | | MAMO | -26% from 409.90K MAMO to 305.20K MAMO | -22% from 1.96M MAMO to 1.53M MAMO | -4% from 20.87% to 19.97% | | AERO | -5% from 3.40M AERO to 3.24M AERO | +2% from 16.62M AERO to 16.96M AERO | -7% from 20.46% to 19.12% | | wstETH | +0% from 153.01 wstETH to 153.05 wstETH | -8% from 947.63 wstETH to 872.85 wstETH | +9% from 16.15% to 17.53% | | cbBTC | -10% from 20.75 cbBTC to 18.69 cbBTC | -0% from 124.13 cbBTC to 124.03 cbBTC | -10% from 16.72% to 15.07% | | WELL | -2% from 23.68M WELL to 23.18M WELL | -24% from 218.17M WELL to 166.53M WELL | +28% from 10.85% to 13.92% | | USDbC | +0% from 913.93 USDbC to 914.04 USDbC | -0% from 8.18K USDbC to 8.18K USDbC | +0% from 11.17% to 11.17% | | tBTC | **-70% from 0.20 tBTC to 0.06 tBTC** | -4% from 0.92 tBTC to 0.88 tBTC | **-69% from 21.32% to 6.57%** | | LBTC | -0% from 2.73 LBTC to 2.73 LBTC | +0% from 55.47 LBTC to 55.49 LBTC | -0% from 4.92% to 4.92% | | MORPHO | +0% from 215.57K MORPHO to 215.60K MORPHO | +0% from 5.66M MORPHO to 5.66M MORPHO | +0% from 3.81% to 3.81% | | rETH | +0% from 14.34 rETH to 14.34 rETH | +0% from 759.83 rETH to 760.06 rETH | -0% from 1.89% to 1.89% | | weETH | 0% from 0.34 weETH to 0.34 weETH | +0% from 79.50 weETH to 79.55 weETH | -0% from 0.43% to 0.43% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -6% from 35.24 wrsETH to 33.23 wrsETH | +6% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | -0% from 64.53K VVV to 64.51K VVV | 0% from 0.00% to 0.00% | ### Notable Trends - WETH borrows +6% (3.31K → 3.52K WETH) - cbETH supply +12% (1.53K → 1.71K cbETH) - WETH supply -4% (4.27K → 4.10K WETH) - wstETH supply -8% (947.63 → 872.85 wstETH) - WELL supply -24% (218.17M → 166.53M WELL) - cbBTC borrows -10% (20.75 → 18.69 cbBTC) ### Liquidations - **Total liquidations:** 268 - **Total Collateral Seized (USD):** $32,325.74 - **Total Debt Repaid (USD):** $29,387.04 - **Total Liquidation Bonus (USD):** $2,938.70 - **Total Liquidator Bonus (USD):** $2,057.09 - **Total Protocol Bonus (USD):** $881.61 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbETH | 9.797892 | $24,227.93 | $22,025.39 | $2,202.54 | $1,541.78 | $660.76 | 144 | | USDC | 6,330.232484 | $6,329.11 | $5,753.74 | $575.37 | $402.76 | $172.61 | 14 | | AERO | 3,773.349726 | $1,394.81 | $1,268.01 | $126.80 | $88.76 | $38.04 | 73 | | MORPHO | 156.732000 | $265.60 | $241.45 | $24.15 | $16.90 | $7.24 | 1 | | WETH | 0.045201 | $102.63 | $93.30 | $9.33 | $6.53 | $2.80 | 29 | | VIRTUAL | 8.416070 | $5.65 | $5.13 | $0.51 | $0.36 | $0.15 | 1 | | wstETH | 0.000003 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | 6 | ## OP Mainnet | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.87% | | WETH | 30.00K | 32.00K | 3.36% | 4.27% | 73.68% | | DAI | 4.50M | 4.80M | 0.64% | 0.82% | 72.99% | | USDT0 | 8.00M | 10.00M | 0.50% | 0.62% | 64.58% | | USDC | 34.00M | 36.40M | 0.93% | 1.82% | 47.37% | | USDT | 18.40M | 22.60M | 0.27% | 0.51% | 42.94% | | OP | 650.00K | 5.60M | 49.49% | 15.50% | 37.07% | | rETH | 150.00 | 750.00 | 1.55% | 2.27% | 13.64% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.48% | | VELO | 6.00M | 80.00M | 26.91% | 40.48% | 4.99% | | wstETH | 300.00 | 5.00K | 1.52% | 2.20% | 4.14% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 3.09% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/98b340767674069e97497498e29f2cfc00773263.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $6,306.00 | 2.31768404 | $741.25 | 0.2719 | | wstETH | $4,032.00 | 1.3972231 | $6,148.00 | 2.1263 | | cbETH | $371.00 | 0.14039158 | $10.85 | 0.0041 | | VELO | $23.00 | 1452.13113827 | $8,147.88 | 543192.0918 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +30% from 0.11 cbETH to 0.14 cbETH | +29% from 0.11 cbETH to 0.14 cbETH | +1% from 99.45% to 99.99% | | WETH | +0% from 1.01K WETH to 1.01K WETH | -0% from 1.37K WETH to 1.37K WETH | +0% from 73.54% to 73.84% | | DAI | -0% from 28.77K DAI to 28.74K DAI | +1% from 39.28K DAI to 39.74K DAI | -1% from 73.24% to 72.34% | | USDT0 | +0% from 40.11K USDT0 to 40.14K USDT0 | -0% from 62.14K USDT0 to 62.07K USDT0 | +0% from 64.54% to 64.66% | | USDC | -1% from 342.69K USDC to 340.52K USDC | -2% from 696.46K USDC to 683.40K USDC | +1% from 49.20% to 49.83% | | USDT | +1% from 48.82K USDT to 49.27K USDT | -11% from 117.34K USDT to 104.68K USDT | +13% from 41.60% to 47.06% | | OP | -4% from 361.85K OP to 347.31K OP | -0% from 866.25K OP to 865.11K OP | -4% from 41.77% to 40.15% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 17.01 rETH to 17.00 rETH | +0% from 13.64% to 13.65% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.48% to 9.48% | | VELO | -1% from 1.63M VELO to 1.62M VELO | +2% from 32.08M VELO to 32.65M VELO | -2% from 5.10% to 4.97% | | wstETH | +13% from 4.06 wstETH to 4.60 wstETH | +2% from 109.13 wstETH to 111.43 wstETH | +11% from 3.72% to 4.12% | | weETH | +0% from 1.29 weETH to 1.29 weETH | +0% from 41.78 weETH to 41.79 weETH | +0% from 3.08% to 3.09% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.48 wrsETH to 12.48 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - USDT supply -11% (117.34K → 104.68K USDT) ### Liquidations - **Total liquidations:** 3 - **Total Collateral Seized (USD):** $299.32 - **Total Debt Repaid (USD):** $272.11 - **Total Liquidation Bonus (USD):** $27.21 - **Total Liquidator Bonus (USD):** $19.05 - **Total Protocol Bonus (USD):** $8.16 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | OP | 2,055.905800 | $230.08 | $209.16 | $20.92 | $14.64 | $6.27 | 2 | | USDC | 69.254100 | $69.25 | $62.95 | $6.30 | $4.41 | $1.89 | 1 | ## Moonbeam | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 12567.10M% | 76.76% | | xcDOT | 0.10 | 3.29M% | 48.06% | | FRAX | 0.10 | 134.16K% | 47.44% | | xcUSDC | 0.10 | 8.80M% | 20.70% | | xcUSDT | 0.10 | 12.05M% | 15.45% | | USDC.wh | 0.10 | 7.98M% | 8.45% | | ETH.wh | 0.10 | 841.12% | 3.34% | | BTC.wh | 0.10 | 1.80% | 0.17% | ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/6/6024c7e1a4681134bada784ac4dedf1a9fb2bc74.jpeg) ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $150,393.00 | 12650730.99959175 | $48,509.25 | 4429606.125 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +3% from 12.41M GLMR to 12.75M GLMR | +2% from 16.26M GLMR to 16.60M GLMR | +1% from 76.32% to 76.83% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | -0% from 1.08M xcDOT to 1.07M xcDOT | +0% from 47.86% to 48.08% | | FRAX | +0% from 134.16 FRAX to 134.16 FRAX | -3% from 38.69K FRAX to 37.59K FRAX | +3% from 46.51% to 47.86% | | xcUSDC | +0% from 8.79K xcUSDC to 8.80K xcUSDC | -0% from 42.53K xcUSDC to 42.46K xcUSDC | +0% from 20.67% to 20.73% | | xcUSDT | +0% from 12.05K xcUSDT to 12.05K xcUSDT | +0% from 78.01K xcUSDT to 78.02K xcUSDT | +0% from 15.44% to 15.45% | | USDC.wh | -3% from 8.10K USDC.wh to 7.84K USDC.wh | +0% from 94.36K USDC.wh to 94.37K USDC.wh | -3% from 8.58% to 8.31% | | ETH.wh | -1% from 0.85 ETH.wh to 0.84 ETH.wh | +0% from 25.18 ETH.wh to 25.18 ETH.wh | -1% from 3.36% to 3.32% | | BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | +0% from 1.03 BTC.wh to 1.03 BTC.wh | +0% from 0.17% to 0.17% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [April 23, 2026, 9:58pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/63 "2026-04-23T21:58:47Z")
# Weekly Update (4/17/26 - 4/23/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/17/26 to 4/23/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/4/43297ec61ed43fb7908fc265cb02d3017ad9e836.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 64.00K | 96.00K | 5.50% | 4.25% | 86.36% | | USDC | 184.00M | 200.00M | 6.70% | 7.80% | 79.92% | | USDS | 690.00K | 750.00K | 1.21% | 1.56% | 71.52% | | VIRTUAL | 10.00K | 4.50M | 21.97K% | 86.28% | 56.58% | | EURC | 21.00M | 21.90M | 2.58% | 4.65% | 53.53% | | DAI | 300.00K | 400.00K | 3.82% | 5.63% | 50.85% | | cbXRP | 1.60M | 5.00M | 84.56% | 57.52% | 47.04% | | cbETH | 0.00 | 4.00K | 0.00% | 40.77% | 46.24% | | AERO | 7.50M | 70.00M | 42.22% | 21.92% | 20.66% | | cbBTC | 90.00 | 1.50K | 24.78% | 8.22% | 18.10% | | wstETH | 0.00 | 14.40K | 0.00% | 6.58% | 16.12% | | MAMO | 3.00M | 20.00M | 8.17% | 7.64% | 16.03% | | WELL | 34.00M | 250.00M | 73.11% | 66.21% | 15.02% | | USDbC | 1.00 | 1.00 | 91.41K% | 812.29K% | 11.25% | | tBTC | 5.00 | 50.00 | 1.16% | 1.75% | 6.66% | | LBTC | 10.00 | 95.00 | 33.46% | 58.41% | 6.03% | | MORPHO | 100.00K | 6.00M | 215.62% | 94.30% | 3.81% | | rETH | 0.00 | 2.60K | 0.00% | 29.21% | 1.89% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.45% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 37.96% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,904,998.00 | 730.49767272 | $156,297.69 | 59.6026 | | cbXRP | $1,831,840.48 | 1277559.200844 | $742,928.58 | 524296.8097 | | VIRTUAL | $1,504,161.86 | 2192139.21768977 | $658,564.22 | 962813.19 | | WETH | $560,023.11 | 241.87774151 | $169,558.86 | 72.8238 | | USDC | $311,105.02 | 311188.280347 | $141,380.05 | 141380.0545 | | wstETH | $233,532.50 | 82.03560175 | $101,964.96 | 35.6205 | | MORPHO | $226,898.64 | 119547.60261181 | $27,594.96 | 14709.468 | | AERO | $206,602.29 | 469741.08101913 | $121,835.02 | 295716.0726 | | EURC | $195,081.08 | 166971.589808 | $29,169.93 | 24974.2531 | | cbBTC | $24,383.02 | 0.31248539 | $137,786.86 | 1.7737 | | DAI | $1,526.93 | 1527.16010047 | $1,937.08 | 1937.0835 | | USDS | $1,049.97 | 1050.51144067 | $158.32 | 158.482 | | tBTC | $943.20 | 0.01210335 | $6,782.53 | 0.0877 | | WELL | $101.47 | 23537.65494111 | $11,355.63 | 2838907.8114 | | weETH | $8.37 | 0.00331796 | $17,870.53 | 7.0507 | | rETH | $2.54 | 0.00094256 | $11,320.35 | 4.1842 | | LBTC | $1.23 | 0.00001576 | $16,499.06 | 0.2116 | | wrsETH | $1.17 | 0.00047018 | $2,924.75 | 1.1744 | | MAMO | $0.57 | 44.6439036 | $258.25 | 19865.6819 | | USDbC | $0.03 | 0.033575 | $2.88 | 2.8752 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +1% from 3.52K WETH to 3.56K WETH | -1% from 4.10K WETH to 4.05K WETH | +2% from 85.83% to 87.90% | | USDC | +1% from 12.51M USDC to 12.60M USDC | -7% from 17.17M USDC to 15.88M USDC | +9% from 72.84% to 79.29% | | USDS | +0% from 8.35K USDS to 8.36K USDS | -1% from 11.76K USDS to 11.64K USDS | +1% from 70.99% to 71.82% | | VIRTUAL | +1% from 2.19M VIRTUAL to 2.21M VIRTUAL | -1% from 3.86M VIRTUAL to 3.83M VIRTUAL | +2% from 56.67% to 57.56% | | EURC | -1% from 549.84K EURC to 542.13K EURC | +29% from 871.35K EURC to 1.12M EURC | -23% from 63.10% to 48.37% | | DAI | -7% from 11.55K DAI to 10.77K DAI | +0% from 22.52K DAI to 22.52K DAI | -7% from 51.29% to 47.82% | | cbXRP | -3% from 1.38M cbXRP to 1.34M cbXRP | +0% from 2.86M cbXRP to 2.87M cbXRP | -3% from 48.19% to 46.76% | | cbETH | +0% from 753.08 cbETH to 754.46 cbETH | -3% from 1.71K cbETH to 1.65K cbETH | +3% from 44.13% to 45.67% | | AERO | -1% from 3.24M AERO to 3.21M AERO | -5% from 16.96M AERO to 16.07M AERO | +4% from 19.11% to 19.95% | | cbBTC | +8% from 18.69 cbBTC to 20.20 cbBTC | -1% from 124.04 cbBTC to 123.01 cbBTC | +9% from 15.07% to 16.42% | | wstETH | -1% from 153.05 wstETH to 151.06 wstETH | +10% from 872.84 wstETH to 962.65 wstETH | -11% from 17.53% to 15.69% | | MAMO | -22% from 305.20K MAMO to 237.83K MAMO | -0% from 1.53M MAMO to 1.52M MAMO | -22% from 19.97% to 15.62% | | WELL | +8% from 23.18M WELL to 25.01M WELL | -1% from 166.53M WELL to 165.54M WELL | +9% from 13.92% to 15.11% | | USDbC | +0% from 914.04 USDbC to 914.10 USDbC | -1% from 8.18K USDbC to 8.11K USDbC | +1% from 11.17% to 11.27% | | tBTC | +0% from 0.06 tBTC to 0.06 tBTC | -5% from 0.88 tBTC to 0.83 tBTC | +6% from 6.57% to 6.97% | | LBTC | **+45% from 2.73 LBTC to 3.95 LBTC** | -0% from 55.49 LBTC to 55.46 LBTC | **+45% from 4.92% to 7.13%** | | MORPHO | +0% from 215.60K MORPHO to 215.64K MORPHO | -0% from 5.66M MORPHO to 5.65M MORPHO | +0% from 3.81% to 3.82% | | rETH | +0% from 14.34 rETH to 14.34 rETH | -0% from 759.67 rETH to 759.51 rETH | +0% from 1.89% to 1.89% | | weETH | 0% from 0.34 weETH to 0.34 weETH | -9% from 79.55 weETH to 72.14 weETH | +10% from 0.43% to 0.47% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.23 wrsETH to 33.23 wrsETH | 0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +0% from 64.51K VVV to 64.54K VVV | 0% from 0.00% to 0.00% | ### Notable Trends - USDC supply -7% (17.17M → 15.88M USDC) - AERO supply -5% (16.96M → 16.07M AERO) - EURC supply +29% (871.35K → 1.12M EURC) - wstETH supply +10% (872.84 → 962.65 wstETH) - cbETH supply -3% (1.71K → 1.65K cbETH) - cbBTC borrows +8% (18.69 → 20.20 cbBTC) ### Liquidations - **Total liquidations:** 42 - **Total Collateral Seized (USD):** $26,990.91 - **Total Debt Repaid (USD):** $24,537.19 - **Total Liquidation Bonus (USD):** $2,453.72 - **Total Liquidator Bonus (USD):** $1,717.60 - **Total Protocol Bonus (USD):** $736.12 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 11,811.090000 | $16,836.18 | $15,305.62 | $1,530.56 | $1,071.39 | $459.17 | 3 | | WETH | 2.931022 | $6,789.98 | $6,172.71 | $617.27 | $432.09 | $185.18 | 21 | | USDC | 1,706.661864 | $1,706.49 | $1,551.36 | $155.14 | $108.59 | $46.54 | 12 | | AERO | 3,952.572000 | $1,593.77 | $1,448.88 | $144.89 | $101.42 | $43.47 | 2 | | cbETH | 0.011780 | $32.46 | $29.51 | $2.95 | $2.07 | $0.89 | 1 | | VIRTUAL | 30.838400 | $22.89 | $20.81 | $2.08 | $1.46 | $0.62 | 2 | | WELL | 2,053.630000 | $9.14 | $8.31 | $0.83 | $0.58 | $0.25 | 1 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/9427b3392a28077cb5c072e5855eed233e12d06f.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.99% | | DAI | 4.50M | 4.80M | 0.71% | 0.85% | 77.36% | | WETH | 30.00K | 32.00K | 3.02% | 4.01% | 70.14% | | USDT0 | 0.00 | 0.00 | 0.00% | 0.00% | 68.42% | | USDC | 34.00M | 36.40M | 1.07% | 1.89% | 53.06% | | USDT | 18.40M | 22.60M | 0.27% | 0.46% | 48.09% | | OP | 650.00K | 5.60M | 56.08% | 15.43% | 42.19% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.65% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.48% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 8.67% | | VELO | 6.00M | 80.00M | 27.52% | 43.87% | 4.71% | | wstETH | 0.00 | 5.00K | 0.00% | 2.26% | 4.06% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $6,204.00 | 2.31804652 | $751.81 | 0.2719 | | wstETH | $3,958.00 | 1.39729042 | $6,218.82 | 2.1263 | | cbETH | $364.00 | 0.14039158 | $10.99 | 0.0041 | | VELO | $24.00 | 1452.86183218 | $8,694.93 | 543433.2093 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.14 cbETH to 0.14 cbETH | 0% from 0.14 cbETH to 0.14 cbETH | 0% from 99.99% to 99.99% | | DAI | +29% from 28.74K DAI to 37.20K DAI | +15% from 39.74K DAI to 45.64K DAI | +13% from 72.34% to 81.51% | | WETH | **-41% from 1.01K WETH to 590.94 WETH** | -28% from 1.37K WETH to 979.05 WETH | -18% from 73.84% to 60.36% | | USDT0 | -0% from 40.14K USDT0 to 40.11K USDT0 | -10% from 62.07K USDT0 to 56.07K USDT0 | +11% from 64.67% to 71.53% | | USDC | +7% from 343.90K USDC to 367.84K USDC | -1% from 683.41K USDC to 677.48K USDC | +8% from 50.32% to 54.30% | | USDT | +2% from 49.27K USDT to 50.25K USDT | +0% from 104.68K USDT to 104.71K USDT | +2% from 47.06% to 47.99% | | OP | +19% from 320.98K OP to 383.15K OP | -0% from 865.11K OP to 862.92K OP | +20% from 37.10% to 44.40% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 17.00 rETH to 16.99 rETH | +0% from 13.65% to 13.66% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.48% to 9.48% | | weETH | +0% from 1.29 weETH to 1.29 weETH | **-75% from 41.79 weETH to 10.61 weETH** | **+294% from 3.09% to 12.15%** | | VELO | +15% from 1.62M VELO to 1.86M VELO | +7% from 32.65M VELO to 35.06M VELO | +7% from 4.97% to 5.31% | | wstETH | -0% from 4.60 wstETH to 4.59 wstETH | +3% from 111.43 wstETH to 114.44 wstETH | -3% from 4.12% to 4.01% | | wrsETH | +0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.48 wrsETH to 12.47 wrsETH | +0% from 2.22% to 2.22% | ### Notable Trends - WETH borrows -41% (1.01K → 590.94 WETH\*\*) - WETH supply -28% (1.37K → 979.05 WETH) - weETH supply -75% (41.79 → 10.61 weETH\*\*) - VELO supply +7% (32.65M → 35.06M VELO) - USDC borrows +7% (343.90K → 367.84K USDC) - wstETH supply +3% (111.43 → 114.44 wstETH) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $24.05 - **Total Debt Repaid (USD):** $21.87 - **Total Liquidation Bonus (USD):** $2.19 - **Total Liquidator Bonus (USD):** $1.53 - **Total Protocol Bonus (USD):** $0.66 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 1,500.960000 | $24.05 | $21.87 | $2.19 | $1.53 | $0.66 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/82f51d2a5cce0da574752c6f800a5d3d6789ece9.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 12959.29M% | 81.87% | | xcDOT | 0.10 | 3.29M% | 48.08% | | FRAX | 0.10 | 134.16K% | 47.86% | | xcUSDC | 0.10 | 8.61M% | 20.27% | | xcUSDT | 0.10 | 12.04M% | 15.43% | | USDC.wh | 0.10 | 7.84M% | 8.31% | | ETH.wh | 0.10 | 836.06% | 3.32% | | BTC.wh | 0.10 | 1.80% | 0.17% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $274,534.00 | 13082606.21126981 | $64,829.58 | 4652785.7323 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +3% from 12.75M GLMR to 13.19M GLMR | -6% from 16.60M GLMR to 15.65M GLMR | +10% from 76.83% to 84.27% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | +0% from 1.07M xcDOT to 1.07M xcDOT | -0% from 48.08% to 48.08% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% | | xcUSDC | -2% from 8.80K xcUSDC to 8.59K xcUSDC | +0% from 42.46K xcUSDC to 42.47K xcUSDC | -2% from 20.73% to 20.23% | | xcUSDT | -0% from 12.05K xcUSDT to 12.03K xcUSDT | -0% from 78.02K xcUSDT to 78.01K xcUSDT | -0% from 15.45% to 15.42% | | USDC.wh | 0% from 7.84K USDC.wh to 7.84K USDC.wh | 0% from 94.37K USDC.wh to 94.37K USDC.wh | 0% from 8.31% to 8.31% | | ETH.wh | +0% from 0.84 ETH.wh to 0.84 ETH.wh | -0% from 25.18 ETH.wh to 25.15 ETH.wh | +0% from 3.32% to 3.33% | | BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 0.17% to 0.17% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [April 30, 2026, 8:09pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/64 "2026-04-30T20:09:28Z")
# Weekly Update (4/24/26 - 4/30/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/24/26 to 4/30/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/ded443a85b5d55eb9a6c5d0ce54c09158c4052c4.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 64.00K | 96.00K | 5.26% | 4.22% | 83.16% | | USDC | 184.00M | 200.00M | 6.80% | 7.58% | 82.55% | | USDS | 690.00K | 750.00K | 1.21% | 1.52% | 73.39% | | EURC | 21.00M | 21.90M | 2.58% | 4.36% | 57.37% | | VIRTUAL | 10.00K | 4.50M | 18.12K% | 76.36% | 51.81% | | DAI | 300.00K | 400.00K | 3.62% | 5.63% | 48.19% | | cbETH | 0.00 | 4.00K | 0.00% | 40.68% | 44.86% | | cbXRP | 1.60M | 5.00M | 70.27% | 53.17% | 41.72% | | AERO | 7.50M | 70.00M | 53.09% | 22.89% | 24.85% | | MAMO | 3.00M | 20.00M | 11.17% | 7.61% | 22.01% | | wstETH | 500.00 | 14.40K | 31.38% | 6.17% | 17.87% | | cbBTC | 90.00 | 1.50K | 24.46% | 8.52% | 17.24% | | WELL | 34.00M | 250.00M | 69.22% | 66.37% | 14.19% | | USDbC | 1.00 | 1.00 | 91.41K% | 810.74K% | 11.28% | | tBTC | 5.00 | 50.00 | 1.15% | 1.67% | 6.91% | | LBTC | 10.00 | 95.00 | 30.88% | 57.41% | 5.63% | | MORPHO | 100.00K | 6.00M | 215.66% | 94.19% | 3.82% | | rETH | 200.00 | 2.60K | 7.17% | 29.21% | 1.89% | | weETH | 0.00 | 5.40K | 0.00% | 1.27% | 0.49% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 40.11% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,714,568.33 | 672.47509387 | $1,778.22 | 0.6988 | | cbXRP | $1,036,072.48 | 755981.380052 | $2,785.17 | 2030.0089 | | VIRTUAL | $858,783.35 | 1252430.20495838 | $10,043.48 | 14513.6997 | | WETH | $545,906.45 | 241.91925574 | $164,632.28 | 72.9065 | | MORPHO | $237,216.08 | 119567.28581166 | $29,988.97 | 14722.1281 | | USDC | $229,553.20 | 229578.448604 | $60,654.02 | 60654.0178 | | wstETH | $228,026.49 | 82.05342311 | $99,065.48 | 35.6258 | | AERO | $207,258.09 | 470267.03568345 | $134,441.66 | 297437.296 | | EURC | $195,535.16 | 167074.493078 | $29,260.03 | 25008.5733 | | cbBTC | $23,832.92 | 0.31254997 | $134,912.33 | 1.7742 | | DAI | $1,527.57 | 1527.80207491 | $1,941.62 | 1941.6193 | | USDS | $1,051.10 | 1051.52030669 | $160.21 | 160.2147 | | tBTC | $924.75 | 0.01210449 | $6,666.31 | 0.0877 | | WELL | $99.75 | 23552.01241341 | $11,370.96 | 2842740.9984 | | weETH | $8.17 | 0.00331801 | $17,368.29 | 7.0507 | | rETH | $2.47 | 0.00094258 | $10,983.93 | 4.1843 | | LBTC | $1.21 | 0.00001576 | $16,151.73 | 0.2116 | | wrsETH | $1.14 | 0.00047018 | $2,836.55 | 1.1744 | | MAMO | $0.56 | 44.73879202 | $240.80 | 20066.5432 | | USDbC | $0.03 | 0.033578 | $2.97 | 2.9678 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | -5% from 3.58K WETH to 3.38K WETH | -0% from 4.05K WETH to 4.04K WETH | -5% from 88.38% to 83.70% | | USDC | -1% from 12.60M USDC to 12.46M USDC | -2% from 15.85M USDC to 15.50M USDC | +1% from 79.49% to 80.41% | | USDS | -0% from 8.36K USDS to 8.35K USDS | -10% from 11.64K USDS to 10.44K USDS | +11% from 71.77% to 79.94% | | EURC | +1% from 541.44K EURC to 544.63K EURC | -22% from 1.12M EURC to 876.61K EURC | +29% from 48.31% to 62.13% | | VIRTUAL | **-43% from 2.21M VIRTUAL to 1.27M VIRTUAL** | -25% from 3.83M VIRTUAL to 2.85M VIRTUAL | -23% from 57.56% to 44.34% | | DAI | +5% from 10.77K DAI to 11.26K DAI | +0% from 22.52K DAI to 22.53K DAI | +5% from 47.82% to 50.00% | | cbETH | -8% from 754.47 cbETH to 696.36 cbETH | -3% from 1.65K cbETH to 1.61K cbETH | -5% from 45.66% to 43.30% | | cbXRP | -39% from 1.34M cbXRP to 820.63K cbXRP | -17% from 2.86M cbXRP to 2.36M cbXRP | -26% from 46.87% to 34.71% | | AERO | +31% from 3.21M AERO to 4.22M AERO | -1% from 16.08M AERO to 15.88M AERO | +33% from 19.96% to 26.56% | | MAMO | -8% from 237.83K MAMO to 218.82K MAMO | +0% from 1.52M MAMO to 1.52M MAMO | -8% from 15.62% to 14.36% | | wstETH | -2% from 151.06 wstETH to 148.02 wstETH | -17% from 1.00K wstETH to 828.70 wstETH | +18% from 15.10% to 17.86% | | cbBTC | +10% from 20.20 cbBTC to 22.24 cbBTC | +1% from 123.01 cbBTC to 124.03 cbBTC | +9% from 16.42% to 17.93% | | WELL | -12% from 25.01M WELL to 22.07M WELL | +0% from 165.54M WELL to 166.34M WELL | -12% from 15.11% to 13.27% | | USDbC | +0% from 914.10 USDbC to 914.19 USDbC | -0% from 8.11K USDbC to 8.10K USDbC | +0% from 11.27% to 11.28% | | tBTC | -3% from 0.06 tBTC to 0.06 tBTC | -0% from 0.83 tBTC to 0.83 tBTC | -3% from 6.97% to 6.75% | | LBTC | +2% from 3.95 LBTC to 4.03 LBTC | -1% from 55.46 LBTC to 55.17 LBTC | +2% from 7.13% to 7.30% | | MORPHO | +0% from 215.64K MORPHO to 215.67K MORPHO | +0% from 5.65M MORPHO to 5.65M MORPHO | -0% from 3.82% to 3.82% | | rETH | -0% from 14.34 rETH to 14.33 rETH | -0% from 759.51 rETH to 759.42 rETH | -0% from 1.89% to 1.89% | | weETH | -5% from 0.34 weETH to 0.32 weETH | -0% from 68.37 weETH to 68.36 weETH | -5% from 0.50% to 0.47% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.23 wrsETH to 33.18 wrsETH | +0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +11% from 64.54K VVV to 71.60K VVV | -10% from 0.00% to 0.00% | ### Notable Trends - cbXRP borrows -39% (1.34M → 820.63K cbXRP) - cbXRP supply -17% (2.86M → 2.36M cbXRP) - VIRTUAL supply -25% (3.83M → 2.85M VIRTUAL) - VIRTUAL borrows -43% (2.21M → 1.27M VIRTUAL) - wstETH supply -17% (1.00K → 828.70 wstETH) _cbXRP & VIRTUAL had significant bad debt repayment this past week, which explains why supply and borrows both decreased (reserves withdrawn → supply goes down, repay debt → borrow goes down)._ ### Liquidations - **Total liquidations:** 12 - **Total Collateral Seized (USD):** $61.27 - **Total Debt Repaid (USD):** $55.70 - **Total Liquidation Bonus (USD):** $5.57 - **Total Liquidator Bonus (USD):** $3.90 - **Total Protocol Bonus (USD):** $1.67 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDS | 31.147400 | $31.13 | $28.30 | $2.83 | $1.98 | $0.85 | 1 | | WETH | 0.009457 | $21.95 | $19.95 | $2.00 | $1.40 | $0.60 | 6 | | USDC | 7.190000 | $7.19 | $6.54 | $0.65 | $0.46 | $0.20 | 3 | | wstETH | 0.000350 | $1.00 | $0.91 | $0.09 | $0.06 | $0.03 | 1 | | EURC | 0.000005 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 1 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0f583774ed047a6f38da56f0c38a9875b0d17717.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.96% | | DAI | 4.50M | 4.80M | 0.98% | 1.08% | 84.27% | | USDT0 | 8.00M | 10.00M | 0.50% | 0.56% | 71.98% | | USDC | 34.00M | 36.40M | 0.86% | 1.53% | 51.98% | | USDT | 18.40M | 22.60M | 0.27% | 0.46% | 47.96% | | OP | 650.00K | 5.60M | 61.44% | 15.71% | 45.40% | | WETH | 30.00K | 32.00K | 1.23% | 2.39% | 42.06% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.66% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 12.15% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 31.38% | 43.87% | 5.37% | | wstETH | 0.00 | 5.00K | 0.00% | 2.23% | 3.62% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $6,087.00 | 2.31822015 | $713.09 | 0.2719 | | wstETH | $3,887.00 | 1.39732708 | $5,907.53 | 2.1263 | | cbETH | $383.00 | 0.15055475 | $12.97 | 0.0051 | | VELO | $25.00 | 1453.55641554 | $9,786.28 | 543682.1312 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +7% from 0.14 cbETH to 0.15 cbETH | +7% from 0.14 cbETH to 0.15 cbETH | -0% from 99.99% to 99.94% | | DAI | +23% from 37.20K DAI to 45.69K DAI | +15% from 45.64K DAI to 52.61K DAI | +7% from 81.51% to 86.86% | | USDT0 | +0% from 40.11K USDT0 to 40.15K USDT0 | -1% from 56.07K USDT0 to 55.54K USDT0 | +1% from 71.53% to 72.28% | | USDC | -6% from 367.85K USDC to 347.47K USDC | -18% from 678.09K USDC to 553.73K USDC | +16% from 54.25% to 62.75% | | USDT | -0% from 50.25K USDT to 50.25K USDT | +0% from 104.71K USDT to 104.94K USDT | -0% from 47.99% to 47.89% | | OP | +4% from 383.15K OP to 400.09K OP | +3% from 862.92K OP to 885.05K OP | +2% from 44.40% to 45.20% | | WETH | -7% from 590.94 WETH to 550.82 WETH | -1% from 979.05 WETH to 966.62 WETH | -6% from 60.36% to 56.98% | | rETH | +0% from 2.32 rETH to 2.32 rETH | +0% from 16.99 rETH to 16.99 rETH | +0% from 13.66% to 13.66% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 10.61 weETH to 10.61 weETH | 0% from 12.15% to 12.15% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.48% to 9.49% | | VELO | +5% from 1.86M VELO to 1.96M VELO | +0% from 35.06M VELO to 35.17M VELO | +5% from 5.31% to 5.57% | | wstETH | -15% from 4.59 wstETH to 3.88 wstETH | -5% from 114.44 wstETH to 108.97 wstETH | -11% from 4.01% to 3.56% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.47 wrsETH to 12.47 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - USDC supply -18% (678.09K → 553.73K USDC) - DAI borrows +23% (37.20K → 45.69K DAI) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $0.25 - **Total Debt Repaid (USD):** $0.23 - **Total Liquidation Bonus (USD):** $0.02 - **Total Liquidator Bonus (USD):** $0.02 - **Total Protocol Bonus (USD):** $0.01 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | wstETH | 0.000089 | $0.25 | $0.23 | $0.02 | $0.02 | $0.01 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/82c72ae6e82fe26faf58f43a88919af873d37add.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 13435.91M% | 86.48% | | xcDOT | 0.10 | 3.29M% | 48.19% | | FRAX | 0.10 | 134.16K% | 47.86% | | xcUSDC | 0.10 | 8.52M% | 20.07% | | xcUSDT | 0.10 | 11.99M% | 15.38% | | USDC.wh | 0.10 | 7.84M% | 8.31% | | ETH.wh | 0.10 | 836.70% | 3.33% | | BTC.wh | 0.10 | 2.20% | 0.21% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $234,932.00 | 13594323.2460084 | $83,167.19 | 4905234.3048 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +4% from 13.19M GLMR to 13.70M GLMR | +3% from 15.65M GLMR to 16.14M GLMR | +1% from 84.27% to 84.90% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 48.08% to 48.26% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% | | xcUSDC | -1% from 8.59K xcUSDC to 8.50K xcUSDC | +0% from 42.47K xcUSDC to 42.48K xcUSDC | -1% from 20.23% to 20.01% | | xcUSDT | -0% from 12.03K xcUSDT to 11.98K xcUSDT | +0% from 78.01K xcUSDT to 78.01K xcUSDT | -0% from 15.42% to 15.35% | | USDC.wh | 0% from 7.84K USDC.wh to 7.84K USDC.wh | 0% from 94.37K USDC.wh to 94.37K USDC.wh | 0% from 8.31% to 8.31% | | ETH.wh | 0% from 0.84 ETH.wh to 0.84 ETH.wh | 0% from 25.15 ETH.wh to 25.15 ETH.wh | 0% from 3.33% to 3.33% | | BTC.wh | +33% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | +34% from 0.17% to 0.23% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [May 8, 2026, 6:46am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/65 "2026-05-08T06:46:02Z")
# Weekly Update (5/1/26 - 5/7/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/1/26 to 5/7/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/1/1571cfc948d72c1ca4e7d4b15d47aeb08cb570e0.jpeg) | 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 | 6.96% | 7.73% | 82.88% | | USDS | 690.00K | 750.00K | 1.20% | 1.41% | 78.65% | | WETH | 64.00K | 96.00K | 5.31% | 4.89% | 74.11% | | EURC | 21.00M | 21.90M | 2.61% | 3.95% | 63.38% | | DAI | 300.00K | 400.00K | 3.74% | 5.63% | 49.86% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 62.74% | 44.89% | | cbETH | 0.00 | 4.00K | 0.00% | 41.35% | 42.15% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.78% | 34.37% | | cbBTC | 90.00 | 1.50K | 35.48% | 8.58% | 24.57% | | AERO | 7.50M | 70.00M | 49.72% | 22.87% | 23.46% | | wstETH | 500.00 | 14.40K | 30.57% | 5.79% | 18.34% | | MAMO | 3.00M | 20.00M | 8.78% | 7.35% | 18.25% | | WELL | 34.00M | 250.00M | 77.71% | 66.53% | 15.89% | | USDbC | 1.00 | 1.00 | 91.42K% | 810.15K% | 11.28% | | tBTC | 5.00 | 50.00 | 1.22% | 1.70% | 7.20% | | LBTC | 10.00 | 95.00 | 39.24% | 58.06% | 7.11% | | MORPHO | 100.00K | 6.00M | 214.24% | 94.22% | 3.79% | | rETH | 200.00 | 2.60K | 7.17% | 29.21% | 1.89% | | weETH | 0.00 | 5.40K | 0.00% | 1.64% | 0.40% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 43.58% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,731,336.96 | 672.93289051 | $2,060.78 | 0.7971 | | VIRTUAL | $1,149,376.49 | 1255037.77980523 | $14,195.20 | 15616.2836 | | cbXRP | $1,047,337.55 | 756672.412938 | $3,286.82 | 2374.8713 | | WETH | $551,974.64 | 241.94768959 | $170,197.46 | 74.2416 | | MORPHO | $248,725.41 | 119588.41567575 | $31,003.73 | 14735.6142 | | wstETH | $230,914.12 | 82.07251062 | $100,737.53 | 35.6312 | | USDC | $229,770.94 | 229793.643173 | $66,390.40 | 66390.4037 | | AERO | $208,149.33 | 470787.4461829 | $134,237.51 | 298969.9585 | | EURC | $196,203.56 | 167187.776984 | $29,807.09 | 25389.3459 | | cbBTC | $24,878.35 | 0.31264772 | $142,065.93 | 1.7753 | | DAI | $1,528.42 | 1528.54525979 | $1,947.08 | 1947.0842 | | USDS | $1,052.00 | 1052.44520509 | $161.16 | 161.159 | | tBTC | $962.16 | 0.01210727 | $7,005.21 | 0.0877 | | WELL | $101.39 | 23568.68206246 | $11,390.52 | 2847630.9996 | | weETH | $8.26 | 0.00331807 | $17,646.58 | 7.0507 | | rETH | $2.50 | 0.0009426 | $11,155.78 | 4.1844 | | LBTC | $1.26 | 0.00001577 | $17,006.47 | 0.2117 | | wrsETH | $1.15 | 0.00047018 | $2,879.70 | 1.1744 | | MAMO | $0.56 | 44.80945115 | $262.70 | 20207.964 | | USDbC | $0.03 | 0.033581 | $3.13 | 3.1251 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +4% from 12.46M USDC to 12.92M USDC | -2% from 15.51M USDC to 15.17M USDC | +6% from 80.32% to 85.17% | | USDS | -3% from 8.35K USDS to 8.13K USDS | +2% from 10.44K USDS to 10.68K USDS | -5% from 79.97% to 76.11% | | WETH | +6% from 3.36K WETH to 3.54K WETH | **+45% from 4.04K WETH to 5.85K WETH** | -27% from 83.18% to 60.59% | | EURC | +3% from 544.05K EURC to 557.68K EURC | -5% from 876.62K EURC to 835.47K EURC | +8% from 62.06% to 66.75% | | DAI | +0% from 11.26K DAI to 11.32K DAI | -0% from 22.53K DAI to 22.51K DAI | +1% from 50.00% to 50.28% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -6% from 2.86M VIRTUAL to 2.68M VIRTUAL | +7% from 44.34% to 47.25% | | cbETH | +0% from 696.37 cbETH to 696.82 cbETH | +1% from 1.60K cbETH to 1.62K cbETH | -1% from 43.47% to 42.92% | | cbXRP | +0% from 820.64K cbXRP to 821.36K cbXRP | +2% from 2.36M cbXRP to 2.40M cbXRP | -2% from 34.71% to 34.19% | | cbBTC | **+100% from 22.36 cbBTC to 44.79 cbBTC** | +4% from 124.02 cbBTC to 129.14 cbBTC | **+92% from 18.03% to 34.68%** | | AERO | +2% from 4.19M AERO to 4.29M AERO | -10% from 15.88M AERO to 14.33M AERO | +13% from 26.40% to 29.96% | | wstETH | -0% from 142.46 wstETH to 142.30 wstETH | +2% from 828.48 wstETH to 848.41 wstETH | -2% from 17.20% to 16.77% | | MAMO | +38% from 218.82K MAMO to 301.09K MAMO | -11% from 1.52M MAMO to 1.36M MAMO | **+54% from 14.36% to 22.07%** | | WELL | +37% from 22.07M WELL to 30.33M WELL | -1% from 166.34M WELL to 165.27M WELL | +38% from 13.27% to 18.35% | | USDbC | +0% from 914.19 USDbC to 914.25 USDbC | -0% from 8.10K USDbC to 8.10K USDbC | +0% from 11.28% to 11.29% | | tBTC | **+286% from 0.06 tBTC to 0.22 tBTC** | 0% from 0.83 tBTC to 0.83 tBTC | **+286% from 6.75% to 26.08%** | | LBTC | -39% from 4.03 LBTC to 2.45 LBTC | -0% from 55.17 LBTC to 55.11 LBTC | -39% from 7.30% to 4.45% | | MORPHO | -5% from 215.67K MORPHO to 205.55K MORPHO | -0% from 5.65M MORPHO to 5.65M MORPHO | -5% from 3.82% to 3.64% | | rETH | 0% from 14.33 rETH to 14.33 rETH | +0% from 759.42 rETH to 759.42 rETH | -0% from 1.89% to 1.89% | | weETH | 0% from 0.32 weETH to 0.32 weETH | -0% from 68.36 weETH to 68.33 weETH | +0% from 0.47% to 0.47% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.18 wrsETH to 33.18 wrsETH | 0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +4% from 71.60K VVV to 74.34K VVV | -4% from 0.00% to 0.00% | ### Notable Trends - WETH supply +45% (4.04K → 5.85K WETH) - cbBTC borrows +100% (22.36 → 44.79 cbBTC) - AERO supply -10% (15.88M → 14.33M AERO) ### Liquidations No liquidation events this week. ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/7d7ab0a1fc1971958f10f45f8aee6b0ea674c516.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.94% | | DAI | 4.50M | 4.80M | 1.09% | 1.16% | 87.54% | | USDT0 | 8.00M | 10.00M | 0.51% | 0.55% | 73.14% | | WETH | 30.00K | 32.00K | 2.55% | 3.52% | 67.92% | | USDC | 34.00M | 36.40M | 1.28% | 1.83% | 65.29% | | USDT | 18.40M | 22.60M | 0.28% | 0.45% | 50.89% | | OP | 650.00K | 5.60M | 61.50% | 14.48% | 49.42% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.66% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 12.61% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 32.39% | 44.10% | 5.51% | | wstETH | 0.00 | 5.00K | 0.00% | 2.15% | 3.60% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $6,137.00 | 2.31886709 | $725.11 | 0.272 | | wstETH | $3,920.00 | 1.39741467 | $6,008.86 | 2.1263 | | cbETH | $386.00 | 0.15055475 | $13.18 | 0.0051 | | VELO | $25.00 | 1454.32762239 | $9,247.06 | 543944.9612 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 99.94% to 99.94% | | DAI | +15% from 45.69K DAI to 52.70K DAI | +13% from 52.61K DAI to 59.62K DAI | +2% from 86.86% to 88.39% | | USDT0 | +10% from 40.15K USDT0 to 44.08K USDT0 | -0% from 55.54K USDT0 to 55.35K USDT0 | +10% from 72.28% to 79.64% | | WETH | **+42% from 550.83 WETH to 780.38 WETH** | +18% from 966.62 WETH to 1.14K WETH | +20% from 56.98% to 68.47% | | USDC | **+46% from 347.47K USDC to 506.44K USDC** | **+42% from 553.73K USDC to 783.87K USDC** | +3% from 62.75% to 64.61% | | USDT | +7% from 50.25K USDT to 53.80K USDT | -13% from 104.94K USDT to 91.78K USDT | +22% from 47.89% to 58.63% | | OP | -2% from 400.13K OP to 390.24K OP | -11% from 885.09K OP to 783.36K OP | +10% from 45.21% to 49.82% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 16.99 rETH to 16.99 rETH | +0% from 13.66% to 13.66% | | weETH | +0% from 1.29 weETH to 1.29 weETH | -13% from 10.61 weETH to 9.25 weETH | +15% from 12.15% to 13.95% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.49% to 9.49% | | VELO | +3% from 1.96M VELO to 2.02M VELO | +1% from 35.19M VELO to 35.46M VELO | +3% from 5.57% to 5.71% | | wstETH | +0% from 3.88 wstETH to 3.88 wstETH | -2% from 108.97 wstETH to 107.25 wstETH | +2% from 3.56% to 3.62% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.47 wrsETH to 12.46 wrsETH | +0% from 2.22% to 2.22% | ### Notable Trends - WETH borrows +42% (550.83 → 780.38 WETH) - WETH supply +18% (966.62 → 1.14K WETH) - USDC supply +42% (553.73K → 783.87K USDC) - USDC borrows +46% (347.47K → 506.44K USDC) ### Liquidations No liquidation events this week. ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/dc2505b0bb7b01e6ee183e0a30a199b1e30e9162.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 13965.78M% | 85.43% | | xcDOT | 0.10 | 3.29M% | 48.26% | | FRAX | 0.10 | 134.16K% | 47.86% | | xcUSDC | 0.10 | 8.50M% | 20.01% | | xcUSDT | 0.10 | 11.98M% | 15.35% | | USDC.wh | 0.10 | 7.84M% | 8.31% | | ETH.wh | 0.10 | 836.70% | 3.33% | | BTC.wh | 0.10 | 2.40% | 0.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $238,345.00 | 14145190.72633351 | $87,876.26 | 5196681.9731 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +4% from 13.70M GLMR to 14.25M GLMR | +4% from 16.14M GLMR to 16.80M GLMR | -0% from 84.90% to 84.83% | | xcDOT | 0% from 3.29K xcDOT to 3.29K xcDOT | 0% from 1.07M xcDOT to 1.07M xcDOT | 0% from 48.26% to 48.26% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% | | xcUSDC | 0% from 8.50K xcUSDC to 8.50K xcUSDC | 0% from 42.48K xcUSDC to 42.48K xcUSDC | 0% from 20.01% to 20.01% | | xcUSDT | +0% from 11.98K xcUSDT to 11.98K xcUSDT | -0% from 78.01K xcUSDT to 78.01K xcUSDT | +0% from 15.35% to 15.36% | | USDC.wh | 0% from 7.84K USDC.wh to 7.84K USDC.wh | 0% from 94.37K USDC.wh to 94.37K USDC.wh | 0% from 8.31% to 8.31% | | ETH.wh | 0% from 0.84 ETH.wh to 0.84 ETH.wh | 0% from 25.15 ETH.wh to 25.15 ETH.wh | 0% from 3.33% to 3.33% | | BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 0.23% to 0.23% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [May 15, 2026, 5:25am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/66 "2026-05-15T05:25:13Z")
# Weekly Update (5/8/26 - 5/14/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/8/26 to 5/14/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![base](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/9a41303ba46d05966dfc4b2c5b56b884d4ab84c4.jpeg) | 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 | 7.18% | 7.50% | 88.05% | | USDS | 690.00K | 750.00K | 1.18% | 1.26% | 86.89% | | EURC | 21.00M | 21.90M | 2.66% | 3.77% | 68.62% | | WETH | 64.00K | 96.00K | 5.41% | 6.51% | 55.67% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 57.98% | 48.85% | | DAI | 300.00K | 400.00K | 3.41% | 5.63% | 45.48% | | cbETH | 0.00 | 4.00K | 0.00% | 40.10% | 43.46% | | cbBTC | 90.00 | 1.50K | 54.85% | 9.19% | 35.75% | | cbXRP | 0.00 | 5.00M | 0.00% | 48.28% | 34.04% | | AERO | 7.50M | 70.00M | 65.56% | 21.02% | 33.41% | | MAMO | 3.00M | 20.00M | 11.88% | 7.98% | 22.28% | | wstETH | 500.00 | 14.40K | 29.33% | 5.99% | 17.02% | | WELL | 34.00M | 250.00M | 77.67% | 66.53% | 15.88% | | tBTC | 5.00 | 50.00 | 2.60% | 1.74% | 15.35% | | USDbC | 1.00 | 1.00 | 91.24K% | 808.50K% | 11.28% | | LBTC | 10.00 | 95.00 | 29.19% | 58.02% | 5.30% | | MORPHO | 100.00K | 6.00M | 205.57% | 94.19% | 3.64% | | rETH | 200.00 | 2.60K | 7.16% | 29.21% | 1.89% | | weETH | 0.00 | 5.40K | 0.00% | 1.67% | 0.37% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 44.09% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,757,631.38 | 673.26913095 | $2,279.58 | 0.8954 | | cbXRP | $1,156,161.93 | 757151.840025 | $3,764.16 | 2628.6023 | | VIRTUAL | $996,772.83 | 1256838.89041582 | $12,306.27 | 16299.6999 | | WETH | $558,726.74 | 241.97521823 | $167,405.38 | 74.2928 | | MORPHO | $234,492.87 | 119606.87574106 | $28,599.87 | 14749.8066 | | wstETH | $234,004.31 | 82.08879593 | $99,126.27 | 35.6356 | | USDC | $229,933.23 | 229989.586193 | $67,604.60 | 67604.596 | | AERO | $225,581.28 | 471467.18999932 | $137,778.12 | 301483.8617 | | EURC | $196,150.58 | 167554.418916 | $29,858.06 | 25497.9173 | | cbBTC | $25,514.80 | 0.31277565 | $140,876.89 | 1.7772 | | DAI | $1,528.64 | 1529.10742968 | $1,950.67 | 1950.6745 | | USDS | $1,054.27 | 1054.65260707 | $162.70 | 162.7 | | tBTC | $988.93 | 0.0121135 | $6,973.72 | 0.0878 | | WELL | $112.97 | 23584.29588472 | $11,408.49 | 2852122.8696 | | weETH | $8.38 | 0.0033181 | $17,382.70 | 7.0507 | | rETH | $2.54 | 0.00094262 | $10,969.62 | 4.1845 | | LBTC | $1.29 | 0.00001577 | $16,847.59 | 0.2117 | | wrsETH | $1.16 | 0.00047018 | $2,830.51 | 1.1744 | | MAMO | $0.51 | 44.89539794 | $224.50 | 20409.2205 | | USDbC | $0.03 | 0.033584 | $3.19 | 3.1925 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +2% from 12.92M USDC to 13.19M USDC | -1% from 15.17M USDC to 15.06M USDC | +3% from 85.21% to 87.58% | | USDS | +1% from 8.13K USDS to 8.18K USDS | -14% from 10.70K USDS to 9.17K USDS | +17% from 76.03% to 89.28% | | EURC | -1% from 560.51K EURC to 553.36K EURC | -24% from 835.46K EURC to 630.88K EURC | +31% from 67.09% to 87.71% | | WETH | -6% from 3.62K WETH to 3.42K WETH | +14% from 5.85K WETH to 6.69K WETH | -17% from 61.83% to 51.06% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +9% from 2.68M VIRTUAL to 2.94M VIRTUAL | -9% from 47.25% to 43.23% | | DAI | -21% from 11.32K DAI to 8.90K DAI | -0% from 22.51K DAI to 22.49K DAI | -21% from 50.28% to 39.59% | | cbETH | +0% from 696.83 cbETH to 697.11 cbETH | -5% from 1.62K cbETH to 1.55K cbETH | +5% from 42.92% to 45.04% | | cbBTC | +30% from 44.63 cbBTC to 57.98 cbBTC | +3% from 137.91 cbBTC to 142.52 cbBTC | +26% from 32.37% to 40.69% | | cbXRP | +0% from 821.37K cbXRP to 821.89K cbXRP | +0% from 2.40M cbXRP to 2.41M cbXRP | -0% from 34.18% to 34.10% | | AERO | +13% from 4.29M AERO to 4.87M AERO | +4% from 14.32M AERO to 14.88M AERO | +9% from 29.99% to 32.70% | | MAMO | **+70% from 301.09K MAMO to 512.40K MAMO** | +21% from 1.36M MAMO to 1.66M MAMO | **+40% from 22.07% to 30.95%** | | wstETH | -1% from 142.29 wstETH to 141.47 wstETH | -2% from 883.07 wstETH to 866.36 wstETH | +1% from 16.11% to 16.33% | | WELL | -16% from 30.30M WELL to 25.42M WELL | +1% from 165.27M WELL to 167.03M WELL | -17% from 18.33% to 15.22% | | tBTC | **-64% from 0.22 tBTC to 0.08 tBTC** | +3% from 0.83 tBTC to 0.86 tBTC | **-66% from 25.93% to 8.94%** | | USDbC | -0% from 914.25 USDbC to 912.29 USDbC | -0% from 8.10K USDbC to 8.08K USDbC | -0% from 11.29% to 11.29% | | LBTC | **+54% from 2.45 LBTC to 3.77 LBTC** | +0% from 55.11 LBTC to 55.13 LBTC | **+54% from 4.45% to 6.84%** | | MORPHO | +0% from 205.56K MORPHO to 205.59K MORPHO | -0% from 5.65M MORPHO to 5.64M MORPHO | +0% from 3.64% to 3.64% | | rETH | +0% from 14.33 rETH to 14.33 rETH | +0% from 759.41 rETH to 759.63 rETH | -0% from 1.89% to 1.89% | | weETH | 0% from 0.32 weETH to 0.32 weETH | **+66% from 68.33 weETH to 113.37 weETH** | -40% from 0.47% to 0.28% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.18 wrsETH to 33.16 wrsETH | +0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +1% from 74.35K VVV to 75.29K VVV | -1% from 0.00% to 0.00% | ### Notable Trends - WETH supply +14% (5.85K → 6.69K WETH) - cbBTC borrows +30% (44.63 → 57.98 cbBTC) - AERO borrows +13% (4.29M → 4.87M AERO) ### Liquidations - **Total liquidations:** 137 - **Total Collateral Seized (USD):** $10,373.52 - **Total Debt Repaid (USD):** $9,430.47 - **Total Liquidation Bonus (USD):** $943.05 - **Total Liquidator Bonus (USD):** $660.13 - **Total Protocol Bonus (USD):** $282.91 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VVV | 371.637000 | $5,499.80 | $4,999.82 | $499.98 | $349.99 | $149.99 | 1 | | cbXRP | 1,522.888345 | $2,162.79 | $1,966.17 | $196.62 | $137.63 | $58.99 | 5 | | AERO | 2,888.629020 | $1,367.90 | $1,243.55 | $124.35 | $87.05 | $37.31 | 6 | | USDC | 728.560163 | $728.42 | $662.20 | $66.22 | $46.35 | $19.87 | 5 | | WETH | 0.099136 | $229.51 | $208.64 | $20.86 | $14.60 | $6.26 | 108 | | MORPHO | 107.602360 | $209.15 | $190.14 | $19.01 | $13.31 | $5.70 | 2 | | cbETH | 0.033655 | $87.92 | $79.92 | $7.99 | $5.59 | $2.40 | 2 | | VIRTUAL | 55.935300 | $49.13 | $44.67 | $4.47 | $3.13 | $1.34 | 5 | | WELL | 8,532.940000 | $37.80 | $34.36 | $3.44 | $2.41 | $1.03 | 1 | | wstETH | 0.000331 | $0.94 | $0.86 | $0.09 | $0.06 | $0.03 | 1 | | USDbC | 0.154630 | $0.15 | $0.14 | $0.01 | $0.01 | $0.00 | 1 | ## OP Mainnet ![op](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/3/39757642bedb599ec9d3170801c15c538f97b916.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.94% | | DAI | 4.50M | 4.80M | 1.17% | 1.25% | 87.64% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.55% | 79.88% | | WETH | 30.00K | 32.00K | 2.68% | 3.64% | 68.93% | | USDT | 18.40M | 22.60M | 0.34% | 0.40% | 68.54% | | USDC | 34.00M | 36.40M | 1.57% | 2.15% | 68.12% | | OP | 650.00K | 5.60M | 52.94% | 13.86% | 44.34% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 13.95% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.66% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 32.35% | 44.30% | 5.48% | | wstETH | 0.00 | 5.00K | 0.00% | 2.11% | 3.68% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $6,239.00 | 2.31923799 | $730.50 | 0.272 | | wstETH | $3,988.00 | 1.39746771 | $6,059.94 | 2.1264 | | cbETH | $393.00 | 0.15055475 | $13.31 | 0.0051 | | VELO | $27.00 | 1455.01269348 | $9,250.93 | 544172.4635 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 99.94% to 99.94% | | DAI | +0% from 52.70K DAI to 52.79K DAI | +1% from 59.62K DAI to 60.22K DAI | -1% from 88.39% to 87.66% | | USDT0 | +0% from 44.08K USDT0 to 44.19K USDT0 | -0% from 55.35K USDT0 to 55.16K USDT0 | +1% from 79.64% to 80.10% | | WETH | -0% from 780.38 WETH to 779.68 WETH | +1% from 1.14K WETH to 1.15K WETH | -1% from 68.47% to 67.81% | | USDT | **+52% from 53.80K USDT to 81.65K USDT** | +7% from 91.78K USDT to 98.42K USDT | **+42% from 58.63% to 82.96%** | | USDC | +6% from 506.44K USDC to 537.44K USDC | -1% from 783.87K USDC to 774.91K USDC | +7% from 64.61% to 69.35% | | OP | -14% from 389.54K OP to 334.97K OP | -2% from 783.39K OP to 769.76K OP | -12% from 49.73% to 43.52% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 9.25 weETH to 9.25 weETH | 0% from 13.95% to 13.95% | | rETH | +0% from 2.32 rETH to 2.32 rETH | +0% from 16.99 rETH to 17.04 rETH | -0% from 13.66% to 13.63% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | VELO | -4% from 2.02M VELO to 1.94M VELO | +1% from 35.46M VELO to 35.94M VELO | -5% from 5.71% to 5.39% | | wstETH | +0% from 3.88 wstETH to 3.88 wstETH | -2% from 107.25 wstETH to 105.12 wstETH | +2% from 3.62% to 3.69% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.46 wrsETH to 12.46 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - USDC borrows +6% (506.44K → 537.44K USDC) - USDT borrows +52% (53.80K → 81.65K USDT) - OP borrows -14% (389.54K → 334.97K OP) ### Liquidations - **Total liquidations:** 2 - **Total Collateral Seized (USD):** $9,796.26 - **Total Debt Repaid (USD):** $8,905.69 - **Total Liquidation Bonus (USD):** $890.57 - **Total Liquidator Bonus (USD):** $623.40 - **Total Protocol Bonus (USD):** $267.17 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 6,422.040000 | $6,421.34 | $5,837.58 | $583.76 | $408.63 | $175.13 | 1 | | USDT | 3,375.620000 | $3,374.92 | $3,068.11 | $306.81 | $214.77 | $92.04 | 1 | ## Moonbeam ![moonbeam](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/7feeb8385da72bb63e9a77a36226387b7bbc1845.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14447.54M% | 87.96% | | xcDOT | 0.10 | 3.29M% | 48.26% | | FRAX | 0.10 | 134.16K% | 47.86% | | xcUSDC | 0.10 | 8.44M% | 19.86% | | xcUSDT | 0.10 | 11.98M% | 15.36% | | USDC.wh | 0.10 | 7.85M% | 8.32% | | ETH.wh | 0.10 | 832.74% | 3.31% | | BTC.wh | 0.10 | 2.40% | 0.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $236,281.00 | 14392742.77332299 | $90,236.47 | 5308592.9894 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +2% from 14.26M GLMR to 14.51M GLMR | -8% from 16.81M GLMR to 15.39M GLMR | +11% from 84.84% to 94.30% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 48.26% to 48.26% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% | | xcUSDC | -1% from 8.50K xcUSDC to 8.40K xcUSDC | +0% from 42.48K xcUSDC to 42.50K xcUSDC | -1% from 20.01% to 19.77% | | xcUSDT | +0% from 11.98K xcUSDT to 11.98K xcUSDT | +0% from 78.01K xcUSDT to 78.01K xcUSDT | +0% from 15.36% to 15.36% | | USDC.wh | +0% from 7.84K USDC.wh to 7.86K USDC.wh | +0% from 94.37K USDC.wh to 94.38K USDC.wh | +0% from 8.31% to 8.33% | | ETH.wh | -2% from 0.84 ETH.wh to 0.82 ETH.wh | +0% from 25.15 ETH.wh to 25.16 ETH.wh | -2% from 3.33% to 3.27% | | BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 0.23% to 0.23% | ### Notable Trends - GLMR supply -8% (16.81M → 15.39M GLMR) ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [May 21, 2026, 9:41pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/67 "2026-05-21T21:41:09Z")
# Weekly Update (5/15/26 - 5/21/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/15/26 to 5/21/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/b/bbe569f40b592288ee6108efd973676d4bf2db7d.jpeg) | 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 | 7.27% | 7.55% | 88.58% | | USDS | 690.00K | 750.00K | 1.19% | 1.24% | 88.18% | | EURC | 21.00M | 21.90M | 2.68% | 2.93% | 87.83% | | WETH | 64.00K | 96.00K | 5.35% | 5.54% | 66.56% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 61.40% | 46.02% | | cbETH | 0.00 | 4.00K | 0.00% | 38.45% | 45.38% | | DAI | 300.00K | 400.00K | 3.13% | 5.62% | 41.68% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.97% | 34.04% | | AERO | 7.50M | 70.00M | 69.07% | 23.41% | 31.67% | | cbBTC | 90.00 | 1.50K | 39.06% | 9.09% | 25.59% | | MAMO | 3.00M | 20.00M | 11.97% | 7.94% | 22.59% | | wstETH | 500.00 | 14.40K | 30.72% | 6.10% | 17.54% | | WELL | 34.00M | 250.00M | 83.28% | 67.46% | 16.79% | | USDbC | 1.00 | 1.00 | 91.23K% | 808.15K% | 11.29% | | tBTC | 5.00 | 50.00 | 1.53% | 1.78% | 8.63% | | LBTC | 10.00 | 95.00 | 44.24% | 58.04% | 8.02% | | MORPHO | 100.00K | 6.00M | 205.59% | 94.52% | 3.63% | | rETH | 200.00 | 2.60K | 7.16% | 29.22% | 1.89% | | weETH | 0.00 | 5.40K | 0.00% | 1.45% | 0.40% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 44.74% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,627,798.97 | 673.39795667 | $2,471.75 | 1.0235 | | cbXRP | $1,040,965.36 | 757297.03789 | $3,819.53 | 2777.8433 | | VIRTUAL | $941,211.13 | 1257079.4722425 | $12,117.62 | 16531.539 | | WETH | $517,424.74 | 242.01399464 | $158,827.37 | 74.3633 | | MORPHO | $237,412.31 | 119626.07813386 | $27,611.40 | 14765.4569 | | USDC | $230,144.06 | 230215.547047 | $68,875.38 | 68875.3815 | | wstETH | $216,805.25 | 82.10629447 | $94,008.77 | 35.6405 | | AERO | $211,596.63 | 472137.59424883 | $126,559.71 | 304230.0647 | | EURC | $195,382.31 | 168139.326414 | $29,880.47 | 25736.8423 | | cbBTC | $24,303.89 | 0.31287137 | $138,250.28 | 1.7784 | | DAI | $1,529.51 | 1529.59540132 | $1,953.84 | 1953.8388 | | USDS | $1,056.34 | 1056.72341675 | $164.42 | 164.4209 | | tBTC | $940.91 | 0.01211487 | $6,825.21 | 0.0878 | | WELL | $92.43 | 23601.33814725 | $11,430.63 | 2857656.561 | | weETH | $7.77 | 0.00331814 | $16,488.64 | 7.0507 | | rETH | $2.35 | 0.00094265 | $10,401.28 | 4.1846 | | LBTC | $1.23 | 0.00001577 | $16,523.11 | 0.2117 | | wrsETH | $1.08 | 0.00047018 | $2,688.72 | 1.1744 | | MAMO | $0.47 | 44.98736934 | $276.95 | 27694.745 | | USDbC | $0.03 | 0.033587 | $3.27 | 3.271 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +2% from 13.19M USDC to 13.50M USDC | +1% from 15.09M USDC to 15.30M USDC | +1% from 87.42% to 88.26% | | USDS | +2% from 8.18K USDS to 8.31K USDS | +3% from 9.17K USDS to 9.41K USDS | -1% from 89.26% to 88.33% | | EURC | +2% from 553.40K EURC to 562.43K EURC | +3% from 634.32K EURC to 656.22K EURC | -2% from 87.24% to 85.71% | | WETH | -0% from 3.42K WETH to 3.40K WETH | -32% from 6.64K WETH to 4.48K WETH | **+47% from 51.46% to 75.88%** | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -7% from 2.92M VIRTUAL to 2.73M VIRTUAL | +7% from 43.45% to 46.60% | | cbETH | +0% from 697.11 cbETH to 697.24 cbETH | -1% from 1.52K cbETH to 1.50K cbETH | +1% from 45.83% to 46.44% | | DAI | +10% from 8.90K DAI to 9.80K DAI | +0% from 22.49K DAI to 22.49K DAI | +10% from 39.59% to 43.57% | | cbXRP | -1% from 821.89K cbXRP to 810.48K cbXRP | +2% from 2.41M cbXRP to 2.45M cbXRP | -3% from 34.10% to 33.12% | | AERO | +7% from 4.87M AERO to 5.21M AERO | +14% from 14.88M AERO to 16.99M AERO | -6% from 32.70% to 30.66% | | cbBTC | **-62% from 57.60 cbBTC to 22.04 cbBTC** | -7% from 142.52 cbBTC to 132.82 cbBTC | **-59% from 40.42% to 16.59%** | | MAMO | -24% from 512.40K MAMO to 390.55K MAMO | -4% from 1.66M MAMO to 1.59M MAMO | -21% from 30.95% to 24.56% | | wstETH | -0% from 141.47 wstETH to 141.41 wstETH | +0% from 896.80 wstETH to 900.46 wstETH | -0% from 15.78% to 15.70% | | WELL | +14% from 25.42M WELL to 28.99M WELL | +1% from 167.03M WELL to 169.45M WELL | +12% from 15.22% to 17.11% | | USDbC | +0% from 912.29 USDbC to 912.37 USDbC | -0% from 8.08K USDbC to 8.08K USDbC | +0% from 11.29% to 11.29% | | tBTC | 0% from 0.08 tBTC to 0.08 tBTC | +14% from 0.86 tBTC to 0.98 tBTC | -12% from 8.94% to 7.84% | | LBTC | +12% from 3.77 LBTC to 4.23 LBTC | +0% from 55.13 LBTC to 55.15 LBTC | +12% from 6.84% to 7.68% | | MORPHO | +0% from 205.59K MORPHO to 205.61K MORPHO | +1% from 5.64M MORPHO to 5.68M MORPHO | -1% from 3.64% to 3.62% | | rETH | -0% from 14.33 rETH to 14.32 rETH | -0% from 759.63 rETH to 759.57 rETH | -0% from 1.89% to 1.88% | | weETH | -7% from 0.32 weETH to 0.30 weETH | -33% from 104.93 weETH to 70.07 weETH | +39% from 0.31% to 0.43% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.16 wrsETH to 33.16 wrsETH | 0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +2% from 75.29K VVV to 76.89K VVV | -2% from 0.00% to 0.00% | ### Notable Trends - WETH supply -32% (6.64K → 4.48K WETH) - cbBTC borrows -62% (57.60 → 22.04 cbBTC) - AERO supply +14% (14.88M → 16.99M AERO) ### Liquidations - **Total liquidations:** 42 - **Total Collateral Seized (USD):** $4,510.27 - **Total Debt Repaid (USD):** $4,100.24 - **Total Liquidation Bonus (USD):** $410.02 - **Total Liquidator Bonus (USD):** $287.02 - **Total Protocol Bonus (USD):** $123.01 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | AERO | 4,443.814275 | $1,812.30 | $1,647.55 | $164.75 | $115.33 | $49.43 | 9 | | MAMO | 97,015.200000 | $1,045.62 | $950.56 | $95.06 | $66.54 | $28.52 | 1 | | USDC | 859.631650 | $859.36 | $781.24 | $78.12 | $54.69 | $23.44 | 5 | | WETH | 0.347953 | $731.17 | $664.70 | $66.47 | $46.53 | $19.94 | 18 | | WELL | 9,407.200000 | $38.23 | $34.76 | $3.48 | $2.43 | $1.04 | 3 | | VIRTUAL | 22.552295 | $16.20 | $14.73 | $1.47 | $1.03 | $0.44 | 4 | | MORPHO | 2.526280 | $4.24 | $3.85 | $0.39 | $0.27 | $0.12 | 1 | | rETH | 0.001269 | $3.15 | $2.86 | $0.29 | $0.20 | $0.09 | 1 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/5aec9d8ea636a37312a2b19a292a7c7b91448dc3.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.92% | | DAI | 4.50M | 4.80M | 1.22% | 1.30% | 87.95% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.53% | 82.38% | | USDT | 18.40M | 22.60M | 0.43% | 0.46% | 76.80% | | USDC | 34.00M | 36.40M | 1.55% | 2.01% | 72.25% | | WETH | 30.00K | 32.00K | 2.56% | 3.58% | 67.05% | | OP | 650.00K | 5.60M | 52.14% | 13.70% | 44.19% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.06% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.63% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 34.27% | 44.26% | 5.81% | | wstETH | 0.00 | 5.00K | 0.00% | 2.15% | 3.35% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,741.00 | 2.31923799 | $680.82 | 0.272 | | wstETH | $3,671.00 | 1.39750129 | $5,647.63 | 2.1264 | | cbETH | $399.00 | 0.16600263 | $16.05 | 0.0066 | | VELO | $24.00 | 1455.74268821 | $8,710.82 | 544426.1503 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +10% from 0.15 cbETH to 0.17 cbETH | +10% from 0.15 cbETH to 0.17 cbETH | -0% from 99.94% to 99.91% | | DAI | +11% from 52.79K DAI to 58.85K DAI | +14% from 60.22K DAI to 68.80K DAI | -2% from 87.66% to 85.55% | | USDT0 | -1% from 44.19K USDT0 to 43.74K USDT0 | -5% from 55.16K USDT0 to 52.43K USDT0 | +4% from 80.10% to 83.43% | | USDT | -3% from 81.65K USDT to 79.00K USDT | +6% from 98.42K USDT to 104.46K USDT | -9% from 82.96% to 75.63% | | USDC | -4% from 537.44K USDC to 516.60K USDC | -8% from 774.91K USDC to 714.43K USDC | +4% from 69.35% to 72.31% | | WETH | -2% from 779.68 WETH to 766.77 WETH | -0% from 1.15K WETH to 1.15K WETH | -1% from 67.81% to 66.86% | | OP | +2% from 334.98K OP to 341.16K OP | -1% from 769.77K OP to 764.50K OP | +3% from 43.52% to 44.63% | | weETH | +0% from 1.29 weETH to 1.29 weETH | -1% from 9.25 weETH to 9.17 weETH | +1% from 13.95% to 14.07% | | rETH | 0% from 2.32 rETH to 2.32 rETH | 0% from 17.04 rETH to 17.04 rETH | 0% from 13.63% to 13.63% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | VELO | +8% from 1.94M VELO to 2.10M VELO | -3% from 35.91M VELO to 34.68M VELO | +12% from 5.40% to 6.05% | | wstETH | -9% from 3.88 wstETH to 3.52 wstETH | +3% from 105.12 wstETH to 108.27 wstETH | -12% from 3.69% to 3.25% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.46 wrsETH to 12.46 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - USDC supply -8% (774.91K → 714.43K USDC) - DAI supply +14% (60.22K → 68.80K DAI) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $0.13 - **Total Debt Repaid (USD):** $0.12 - **Total Liquidation Bonus (USD):** $0.01 - **Total Liquidator Bonus (USD):** $0.01 - **Total Protocol Bonus (USD):** $0.00 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | wstETH | 0.000050 | $0.13 | $0.12 | $0.01 | $0.01 | $0.00 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0108ee9ddd47a1a30558a72bb3da4a2e78614e71.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14509.93M% | 99.55% | | xcDOT | 0.10 | 3.29M% | 48.29% | | FRAX | 0.10 | 134.16K% | 47.86% | | xcUSDC | 0.10 | 8.18M% | 19.26% | | xcUSDT | 0.10 | 11.98M% | 15.36% | | USDC.wh | 0.10 | 7.86M% | 8.34% | | ETH.wh | 0.10 | 822.20% | 3.27% | | BTC.wh | 0.10 | 9.33% | 0.91% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $209,056.00 | 14394758.30674525 | $74,348.86 | 5310633.1221 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.51M GLMR to 14.51M GLMR | -6% from 15.39M GLMR to 14.51M GLMR | +6% from 94.30% to 100.00% | | xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 48.26% to 48.31% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% | | xcUSDC | -5% from 8.40K xcUSDC to 7.98K xcUSDC | +0% from 42.50K xcUSDC to 42.50K xcUSDC | -5% from 19.77% to 18.76% | | xcUSDT | 0% from 11.98K xcUSDT to 11.98K xcUSDT | 0% from 78.01K xcUSDT to 78.01K xcUSDT | 0% from 15.36% to 15.36% | | USDC.wh | +0% from 7.86K USDC.wh to 7.87K USDC.wh | -0% from 94.38K USDC.wh to 94.19K USDC.wh | +0% from 8.33% to 8.35% | | ETH.wh | 0% from 0.82 ETH.wh to 0.82 ETH.wh | 0% from 25.16 ETH.wh to 25.16 ETH.wh | 0% from 3.27% to 3.27% | | BTC.wh | **+329% from 0.00 BTC.wh to 0.01 BTC.wh** | 0% from 1.03 BTC.wh to 1.03 BTC.wh | **+329% from 0.23% to 1.00%** | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [May 29, 2026, 5:59am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/68 "2026-05-29T05:59:22Z")
# Weekly Update (5/22/26 - 5/28/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/22/26 to 5/28/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0c12312031471450a0b7aa8c8711c4f38389efa8.jpeg) | 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 | 7.42% | 7.65% | 89.18% | | USDS | 690.00K | 750.00K | 1.20% | 1.30% | 84.98% | | EURC | 21.00M | 21.90M | 2.70% | 3.07% | 84.08% | | WETH | 64.00K | 96.00K | 5.21% | 4.82% | 72.14% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 50.89% | 56.37% | | cbETH | 0.00 | 4.00K | 0.00% | 35.31% | 49.43% | | DAI | 300.00K | 400.00K | 3.19% | 5.62% | 42.57% | | cbXRP | 0.00 | 5.00M | 0.00% | 49.82% | 32.54% | | AERO | 7.50M | 70.00M | 69.65% | 25.35% | 29.52% | | MAMO | 3.00M | 20.00M | 9.26% | 7.01% | 19.88% | | cbBTC | 90.00 | 1.50K | 25.84% | 9.29% | 16.71% | | wstETH | 500.00 | 14.40K | 28.91% | 6.42% | 15.64% | | WELL | 34.00M | 250.00M | 75.16% | 68.02% | 15.03% | | USDbC | 1.00 | 1.00 | 91.24K% | 808.15K% | 11.29% | | tBTC | 5.00 | 50.00 | 1.54% | 1.80% | 8.57% | | LBTC | 10.00 | 95.00 | 37.22% | 56.74% | 6.89% | | MORPHO | 100.00K | 6.00M | 203.28% | 94.11% | 3.60% | | rETH | 200.00 | 2.60K | 7.16% | 29.20% | 1.89% | | weETH | 0.00 | 5.40K | 0.00% | 1.27% | 0.44% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 45.29% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,522,432.76 | 673.53035929 | $2,661.86 | 1.1466 | | cbXRP | $989,699.59 | 757450.208549 | $4,238.86 | 3213.6917 | | VIRTUAL | $906,006.60 | 1257328.10449286 | $12,988.31 | 16759.1046 | | WETH | $483,709.48 | 242.04991397 | $152,787.93 | 74.4368 | | MORPHO | $243,922.07 | 119645.886652 | $32,256.05 | 14776.0185 | | USDC | $230,389.64 | 230493.710361 | $70,326.71 | 70326.7121 | | wstETH | $202,743.85 | 82.12265816 | $90,375.74 | 35.6445 | | EURC | $195,886.11 | 168316.501127 | $30,019.54 | 25789.9796 | | AERO | $193,991.25 | 472794.02594318 | $131,272.87 | 306712.3182 | | cbBTC | $22,916.92 | 0.31293666 | $133,161.05 | 1.7799 | | DAI | $1,529.81 | 1530.2230021 | $1,957.14 | 1957.1384 | | USDS | $1,057.40 | 1057.90259496 | $165.17 | 165.1701 | | tBTC | $891.14 | 0.01211621 | $6,587.64 | 0.0878 | | WELL | $94.56 | 23616.47880722 | $11,447.48 | 2861871.1286 | | weETH | $7.26 | 0.00331819 | $15,849.89 | 7.0507 | | rETH | $2.20 | 0.00094267 | $10,011.33 | 4.1894 | | LBTC | $1.16 | 0.00001577 | $15,902.86 | 0.2117 | | wrsETH | $1.01 | 0.00047018 | $2,585.05 | 1.1744 | | MAMO | $0.46 | 45.06735455 | $306.36 | 27851.2615 | | USDbC | $0.03 | 0.033589 | $3.35 | 3.3457 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +4% from 13.47M USDC to 14.00M USDC | +1% from 15.39M USDC to 15.61M USDC | +3% from 87.51% to 89.73% | | USDS | -0% from 8.31K USDS to 8.30K USDS | +3% from 9.42K USDS to 9.67K USDS | -3% from 88.27% to 85.91% | | EURC | +1% from 564.82K EURC to 572.99K EURC | +2% from 656.23K EURC to 670.38K EURC | -1% from 86.07% to 85.47% | | WETH | -2% from 3.39K WETH to 3.32K WETH | +1% from 4.53K WETH to 4.56K WETH | -3% from 74.86% to 72.80% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -26% from 2.73M VIRTUAL to 2.01M VIRTUAL | +36% from 46.60% to 63.34% | | cbETH | -0% from 697.24 cbETH to 697.23 cbETH | -9% from 1.50K cbETH to 1.36K cbETH | +10% from 46.44% to 51.29% | | DAI | -4% from 9.80K DAI to 9.38K DAI | -0% from 22.49K DAI to 22.47K DAI | -4% from 43.57% to 41.76% | | cbXRP | -0% from 810.48K cbXRP to 810.40K cbXRP | +4% from 2.45M cbXRP to 2.53M cbXRP | -3% from 33.12% to 31.99% | | AERO | -3% from 5.17M AERO to 5.01M AERO | +10% from 16.99M AERO to 18.63M AERO | -12% from 30.46% to 26.90% | | MAMO | -31% from 390.57K MAMO to 269.09K MAMO | +0% from 1.59M MAMO to 1.59M MAMO | -31% from 24.56% to 16.90% | | cbBTC | -2% from 22.23 cbBTC to 21.86 cbBTC | +9% from 132.76 cbBTC to 144.11 cbBTC | -9% from 16.74% to 15.17% | | wstETH | +0% from 141.41 wstETH to 141.43 wstETH | +2% from 900.64 wstETH to 921.88 wstETH | -2% from 15.70% to 15.34% | | WELL | -7% from 28.35M WELL to 26.23M WELL | +2% from 169.46M WELL to 172.75M WELL | -9% from 16.73% to 15.18% | | USDbC | +0% from 912.37 USDbC to 912.44 USDbC | +0% from 8.08K USDbC to 8.08K USDbC | +0% from 11.29% to 11.29% | | tBTC | +1% from 0.08 tBTC to 0.08 tBTC | -16% from 1.02 tBTC to 0.86 tBTC | +21% from 7.48% to 9.03% | | LBTC | -2% from 4.23 LBTC to 4.16 LBTC | -1% from 55.15 LBTC to 54.57 LBTC | -1% from 7.68% to 7.63% | | MORPHO | -2% from 205.61K MORPHO to 200.51K MORPHO | -1% from 5.68M MORPHO to 5.65M MORPHO | -2% from 3.62% to 3.55% | | rETH | -0% from 14.32 rETH to 14.31 rETH | -0% from 759.57 rETH to 759.16 rETH | +0% from 1.88% to 1.89% | | weETH | 0% from 0.30 weETH to 0.30 weETH | -3% from 70.07 weETH to 68.31 weETH | +3% from 0.43% to 0.44% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.16 wrsETH to 33.15 wrsETH | +0% from 0.04% to 0.04% | | VVV | +3% from 0.10 VVV to 0.10 VVV | +0% from 76.89K VVV to 77.09K VVV | +3% from 0.00% to 0.00% | ### Notable Trends - cbBTC supply +9% (132.76 → 144.11 cbBTC) - AERO supply +10% (16.99M → 18.63M AERO) - VIRTUAL supply -26% (2.73M → 2.01M VIRTUAL) - cbETH supply -9% (1.50K → 1.36K cbETH) ### Liquidations - **Total liquidations:** 50 - **Total Collateral Seized (USD):** $21,842.22 - **Total Debt Repaid (USD):** $19,856.56 - **Total Liquidation Bonus (USD):** $1,985.66 - **Total Liquidator Bonus (USD):** $1,389.96 - **Total Protocol Bonus (USD):** $595.70 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 9,751.704900 | $12,745.88 | $11,587.16 | $1,158.72 | $811.10 | $347.61 | 2 | | AERO | 9,608.516900 | $3,894.29 | $3,540.27 | $354.03 | $247.82 | $106.21 | 5 | | cbBTC | 0.035750 | $2,711.99 | $2,465.44 | $246.54 | $172.58 | $73.96 | 3 | | WETH | 0.682057 | $1,362.10 | $1,238.28 | $123.83 | $86.68 | $37.15 | 25 | | USDC | 742.633530 | $742.38 | $674.89 | $67.49 | $47.24 | $20.25 | 10 | | rETH | 0.154615 | $378.22 | $343.84 | $34.38 | $24.07 | $10.32 | 1 | | VVV | 0.325755 | $5.76 | $5.24 | $0.52 | $0.37 | $0.16 | 3 | | cbETH | 0.000714 | $1.59 | $1.45 | $0.14 | $0.10 | $0.04 | 1 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/879418553deb1ba1b642af9dd68fc49146299057.jpeg) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.91% | | DAI | 4.50M | 4.80M | 1.31% | 1.43% | 85.88% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 83.67% | | USDC | 34.00M | 36.40M | 1.52% | 1.98% | 71.87% | | USDT | 18.40M | 22.60M | 0.18% | 0.21% | 69.44% | | WETH | 30.00K | 32.00K | 1.49% | 2.62% | 46.37% | | OP | 650.00K | 5.60M | 52.41% | 13.55% | 44.88% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.07% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.63% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 45.29% | 43.75% | 7.76% | | wstETH | 0.00 | 5.00K | 0.00% | 2.30% | 3.07% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,399.00 | 2.31981511 | $629.34 | 0.2721 | | wstETH | $3,451.00 | 1.39758305 | $5,217.86 | 2.1264 | | cbETH | $375.00 | 0.16600263 | $14.83 | 0.0066 | | VELO | $22.00 | 1456.54708426 | $8,171.62 | 544774.8114 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 99.91% to 99.91% | | DAI | +2% from 58.85K DAI to 60.23K DAI | -1% from 68.80K DAI to 68.28K DAI | +3% from 85.55% to 88.21% | | USDT0 | +1% from 43.74K USDT0 to 44.20K USDT0 | +0% from 52.43K USDT0 to 52.54K USDT0 | +1% from 83.43% to 84.12% | | USDC | +1% from 516.60K USDC to 520.28K USDC | +2% from 714.43K USDC to 731.67K USDC | -2% from 72.31% to 71.11% | | USDT | **-65% from 79.00K USDT to 27.53K USDT** | **-61% from 104.46K USDT to 40.28K USDT** | -10% from 75.63% to 68.35% | | WETH | -6% from 766.77 WETH to 721.57 WETH | -4% from 1.15K WETH to 1.10K WETH | -2% from 66.86% to 65.34% | | OP | +0% from 341.17K OP to 342.31K OP | -2% from 764.50K OP to 747.51K OP | +3% from 44.63% to 45.79% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 9.17 weETH to 9.17 weETH | 0% from 14.07% to 14.07% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 17.04 rETH to 17.04 rETH | +0% from 13.63% to 13.63% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | VELO | **+45% from 2.10M VELO to 3.04M VELO** | +3% from 34.68M VELO to 35.79M VELO | **+40% from 6.05% to 8.49%** | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | +9% from 108.27 wstETH to 117.67 wstETH | -8% from 3.25% to 2.99% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.46 wrsETH to 12.46 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - USDT supply -61% (104.46K → 40.28K USDT) - USDT borrows -65% (79.00K → 27.53K USDT) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $6,429.76 - **Total Debt Repaid (USD):** $5,845.24 - **Total Liquidation Bonus (USD):** $584.52 - **Total Liquidator Bonus (USD):** $409.17 - **Total Protocol Bonus (USD):** $175.36 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 410,218.000000 | $6,429.76 | $5,845.24 | $584.52 | $409.17 | $175.36 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/e/ebba83af8caae37180640f2fee294b845a1c2194.jpeg) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14512.33M% | 100.00% | | xcUSDC | 0.10 | 7.97M% | 18.76% | | xcUSDT | 0.10 | 11.98M% | 15.36% | | USDC.wh | 0.10 | 7.87M% | 8.35% | | ETH.wh | 0.10 | 822.20% | 3.27% | | BTC.wh | 0.10 | 10.30% | 1.00% | | FRAX | 0.10 | 134.16K% | 0.36% | | xcDOT | 0.10 | 3.29M% | 0.31% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $175,126.00 | 14397120.50165454 | $63,755.89 | 5312990.5401 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.51M GLMR to 14.51M GLMR | +0% from 14.51M GLMR to 14.51M GLMR | 0% from 100.00% to 100.00% | | xcUSDC | -0% from 7.98K xcUSDC to 7.97K xcUSDC | +0% from 42.50K xcUSDC to 42.51K xcUSDC | -0% from 18.76% to 18.75% | | xcUSDT | +0% from 11.98K xcUSDT to 11.98K xcUSDT | +0% from 78.01K xcUSDT to 78.03K xcUSDT | -0% from 15.36% to 15.36% | | USDC.wh | 0% from 7.87K USDC.wh to 7.87K USDC.wh | 0% from 94.19K USDC.wh to 94.19K USDC.wh | 0% from 8.35% to 8.35% | | ETH.wh | 0% from 0.82 ETH.wh to 0.82 ETH.wh | 0% from 25.16 ETH.wh to 25.16 ETH.wh | 0% from 3.27% to 3.27% | | BTC.wh | 0% from 0.01 BTC.wh to 0.01 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 1.00% to 1.00% | | FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 0.36% to 0.36% | | xcDOT | +0% from 3.29K xcDOT to 3.30K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 0.31% to 0.31% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [June 5, 2026, 3:45am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/69 "2026-06-05T03:45:45Z")
# Weekly Update (5/29/26 - 6/4/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/29/26 to 6/4/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/2/26a9390c4c5001858285b8a1a1a9ed1b2c19a7d1.png) | 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 | 7.51% | 7.71% | 89.62% | | USDS | 690.00K | 750.00K | 1.23% | 1.29% | 87.56% | | EURC | 21.00M | 21.90M | 2.74% | 3.06% | 85.95% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 40.45% | 74.21% | | WETH | 64.00K | 96.00K | 5.09% | 4.84% | 70.09% | | cbETH | 0.00 | 4.00K | 0.00% | 30.85% | 56.80% | | DAI | 300.00K | 400.00K | 3.23% | 5.62% | 43.11% | | cbXRP | 0.00 | 5.00M | 0.00% | 50.40% | 32.11% | | AERO | 7.50M | 70.00M | 70.34% | 28.00% | 27.02% | | MAMO | 3.00M | 20.00M | 10.87% | 9.46% | 16.92% | | wstETH | 500.00 | 14.40K | 28.73% | 6.43% | 15.52% | | WELL | 34.00M | 250.00M | 74.44% | 69.23% | 14.62% | | cbBTC | 90.00 | 1.50K | 22.98% | 9.76% | 14.15% | | USDbC | 1.00 | 1.00 | 90.87K% | 808.14K% | 11.24% | | tBTC | 5.00 | 50.00 | 1.57% | 1.74% | 9.01% | | LBTC | 10.00 | 95.00 | 43.01% | 57.63% | 7.85% | | MORPHO | 100.00K | 6.00M | 200.49% | 94.12% | 3.55% | | rETH | 200.00 | 2.60K | 6.97% | 29.18% | 1.84% | | weETH | 0.00 | 5.40K | 0.00% | 1.27% | 0.44% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 46.31% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,340,361.74 | 673.65740551 | $2,595.32 | 1.2994 | | cbXRP | $879,407.61 | 757592.481597 | $7,552.68 | 6444.2672 | | VIRTUAL | $795,572.92 | 1257561.02328104 | $11,245.76 | 17039.0246 | | WETH | $425,850.00 | 242.09231584 | $132,122.73 | 74.8232 | | USDC | $230,810.13 | 230890.911506 | $72,975.48 | 72975.4783 | | MORPHO | $215,182.39 | 119664.54876707 | $27,003.31 | 14788.2287 | | EURC | $196,225.96 | 168642.347563 | $30,148.49 | 25900.7661 | | wstETH | $178,582.64 | 82.13801742 | $77,826.98 | 35.6656 | | AERO | $167,232.52 | 473357.68563189 | $112,443.74 | 309762.3732 | | cbBTC | $19,835.70 | 0.3129873 | $113,394.51 | 1.788 | | DAI | $1,530.24 | 1530.75531013 | $1,961.11 | 1961.1121 | | USDS | $1,060.44 | 1060.78102999 | $172.59 | 172.5946 | | tBTC | $767.57 | 0.01211761 | $5,553.38 | 0.0878 | | WELL | $87.11 | 23631.48667031 | $11,467.76 | 2866940.9663 | | weETH | $6.40 | 0.00331824 | $13,644.85 | 7.0511 | | rETH | $1.93 | 0.00094269 | $8,626.96 | 4.1946 | | LBTC | $1.00 | 0.00001577 | $13,487.84 | 0.2118 | | wrsETH | $0.89 | 0.00047018 | $2,224.98 | 1.1744 | | MAMO | $0.39 | 45.13287514 | $252.21 | 28023.5773 | | USDbC | $0.03 | 0.033592 | $3.42 | 3.421 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +3% from 13.98M USDC to 14.46M USDC | -2% from 15.62M USDC to 15.38M USDC | +5% from 89.52% to 94.06% | | USDS | +13% from 8.30K USDS to 9.37K USDS | -2% from 9.67K USDS to 9.46K USDS | +15% from 85.91% to 99.05% | | EURC | -9% from 571.12K EURC to 518.87K EURC | -12% from 670.39K EURC to 587.65K EURC | +4% from 85.19% to 88.30% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +17% from 2.01M VIRTUAL to 2.35M VIRTUAL | -15% from 63.36% to 54.11% | | WETH | -1% from 3.32K WETH to 3.28K WETH | +4% from 4.58K WETH to 4.76K WETH | -5% from 72.56% to 68.99% | | cbETH | -0% from 697.20 cbETH to 696.87 cbETH | -15% from 1.36K cbETH to 1.16K cbETH | +17% from 51.29% to 60.02% | | DAI | +15% from 9.46K DAI to 10.85K DAI | +0% from 22.47K DAI to 22.48K DAI | +15% from 42.10% to 48.28% | | cbXRP | -1% from 810.40K cbXRP to 806.06K cbXRP | -2% from 2.53M cbXRP to 2.49M cbXRP | +1% from 31.99% to 32.40% | | AERO | +2% from 5.01M AERO to 5.14M AERO | -1% from 18.63M AERO to 18.39M AERO | +4% from 26.89% to 27.92% | | MAMO | **+174% from 269.09K MAMO to 736.42K MAMO** | **+142% from 1.59M MAMO to 3.85M MAMO** | +13% from 16.90% to 19.12% | | wstETH | +18% from 141.43 wstETH to 166.52 wstETH | -0% from 921.85 wstETH to 917.35 wstETH | +18% from 15.34% to 18.15% | | WELL | -4% from 26.23M WELL to 25.06M WELL | +1% from 172.75M WELL to 174.19M WELL | -5% from 15.18% to 14.39% | | cbBTC | -8% from 22.15 cbBTC to 20.29 cbBTC | +28% from 144.22 cbBTC to 184.49 cbBTC | -28% from 15.36% to 11.00% | | USDbC | -0% from 912.44 USDbC to 908.28 USDbC | -0% from 8.08K USDbC to 8.08K USDbC | -0% from 11.29% to 11.24% | | tBTC | +9% from 0.08 tBTC to 0.08 tBTC | +6% from 0.86 tBTC to 0.91 tBTC | +3% from 9.03% to 9.27% | | LBTC | +3% from 4.16 LBTC to 4.28 LBTC | +1% from 54.57 LBTC to 55.03 LBTC | +2% from 7.63% to 7.78% | | MORPHO | -0% from 200.51K MORPHO to 200.39K MORPHO | -0% from 5.65M MORPHO to 5.64M MORPHO | -0% from 3.55% to 3.55% | | rETH | -12% from 14.31 rETH to 12.60 rETH | -1% from 759.16 rETH to 747.79 rETH | -11% from 1.89% to 1.68% | | weETH | 0% from 0.30 weETH to 0.30 weETH | +0% from 68.31 weETH to 68.34 weETH | -0% from 0.44% to 0.44% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.15 wrsETH to 33.15 wrsETH | 0% from 0.04% to 0.04% | | VVV | +0% from 0.10 VVV to 0.10 VVV | +15% from 77.09K VVV to 88.29K VVV | -13% from 0.00% to 0.00% | ### Notable Trends - cbBTC supply +28% (144.22 → 184.49 cbBTC) - cbETH supply -15% (1.36K → 1.16K cbETH) - VIRTUAL supply +17% (2.01M → 2.35M VIRTUAL) ### Liquidations - **Total liquidations:** 77 - **Total Collateral Seized (USD):** $107,329.27 - **Total Debt Repaid (USD):** $97,572.06 - **Total Liquidation Bonus (USD):** $9,757.21 - **Total Liquidator Bonus (USD):** $6,830.04 - **Total Protocol Bonus (USD):** $2,927.16 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 77,126.375200 | $96,224.66 | $87,476.96 | $8,747.70 | $6,123.39 | $2,624.31 | 7 | | cbBTC | 0.067211 | $4,704.62 | $4,276.93 | $427.69 | $299.39 | $128.31 | 2 | | WETH | 1.411635 | $2,634.54 | $2,395.03 | $239.50 | $167.65 | $71.85 | 26 | | AERO | 3,704.082977 | $1,396.28 | $1,269.35 | $126.93 | $88.85 | $38.08 | 24 | | wstETH | 0.535839 | $1,233.49 | $1,121.35 | $112.14 | $78.49 | $33.64 | 1 | | USDC | 385.846742 | $385.69 | $350.63 | $35.06 | $24.54 | $10.52 | 8 | | rETH | 0.151841 | $324.52 | $295.02 | $29.50 | $20.65 | $8.85 | 1 | | USDS | 157.893000 | $157.82 | $143.47 | $14.35 | $10.04 | $4.30 | 1 | | cbETH | 0.057624 | $125.98 | $114.53 | $11.45 | $8.02 | $3.44 | 1 | | VVV | 5.978840 | $105.63 | $96.03 | $9.60 | $6.72 | $2.88 | 1 | | WELL | 7,635.885000 | $28.58 | $25.98 | $2.60 | $1.82 | $0.78 | 4 | | weETH | 0.003652 | $7.45 | $6.78 | $0.68 | $0.47 | $0.20 | 1 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/3/3528cf45c1e65d312acb6456fe60672dddd7e071.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.91% | | DAI | 4.50M | 4.80M | 1.17% | 1.29% | 84.31% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.53% | 83.96% | | USDC | 34.00M | 36.40M | 1.58% | 2.01% | 73.30% | | USDT | 18.40M | 22.60M | 0.15% | 0.18% | 68.88% | | WETH | 30.00K | 32.00K | 2.58% | 3.61% | 66.90% | | OP | 650.00K | 5.60M | 45.43% | 13.31% | 39.62% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.07% | | rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.65% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | VELO | 6.00M | 80.00M | 49.77% | 55.53% | 7.49% | | wstETH | 0.00 | 5.00K | 0.00% | 2.36% | 2.98% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,774.00 | 2.32036149 | $592.46 | 0.2721 | | wstETH | $3,051.00 | 1.39763183 | $4,912.60 | 2.1264 | | cbETH | $332.00 | 0.16600263 | $13.96 | 0.0066 | | VELO | $20.00 | 1457.31117991 | $8,361.42 | 557428.2194 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 99.91% to 99.91% | | DAI | **-52% from 60.23K DAI to 29.04K DAI** | **-44% from 68.28K DAI to 37.91K DAI** | -13% from 88.21% to 76.61% | | USDT0 | +1% from 44.20K USDT0 to 44.56K USDT0 | -0% from 52.54K USDT0 to 52.47K USDT0 | +1% from 84.12% to 84.94% | | USDC | +26% from 520.28K USDC to 654.86K USDC | +8% from 731.67K USDC to 791.96K USDC | +16% from 71.11% to 82.69% | | USDT | +0% from 27.53K USDT to 27.54K USDT | -2% from 40.28K USDT to 39.53K USDT | +2% from 68.35% to 69.65% | | WETH | +8% from 721.57 WETH to 777.56 WETH | +5% from 1.10K WETH to 1.16K WETH | +2% from 65.35% to 66.80% | | OP | -14% from 342.31K OP to 293.53K OP | -2% from 747.51K OP to 732.20K OP | -12% from 45.79% to 40.09% | | weETH | +0% from 1.29 weETH to 1.29 weETH | -0% from 9.17 weETH to 9.17 weETH | +0% from 14.07% to 14.09% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -1% from 17.04 rETH to 16.86 rETH | +1% from 13.63% to 13.78% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | VELO | -2% from 3.04M VELO to 2.98M VELO | **+112% from 35.79M VELO to 75.98M VELO** | **-54% from 8.49% to 3.92%** | | wstETH | -0% from 3.52 wstETH to 3.52 wstETH | +0% from 117.67 wstETH to 118.13 wstETH | -0% from 2.99% to 2.98% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.46 wrsETH to 12.46 wrsETH | 0% from 2.22% to 2.22% | ### Notable Trends - VELO supply +112% (35.79M → 75.98M VELO) - USDC borrows +26% (520.28K → 654.86K USDC) - DAI borrows -52% (60.23K → 29.04K DAI\*\*) ### Liquidations - **Total liquidations:** 11 - **Total Collateral Seized (USD):** $397.31 - **Total Debt Repaid (USD):** $361.19 - **Total Liquidation Bonus (USD):** $36.12 - **Total Liquidator Bonus (USD):** $25.28 - **Total Protocol Bonus (USD):** $10.84 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | rETH | 0.177718 | $361.56 | $328.69 | $32.87 | $23.01 | $9.86 | 2 | | OP | 181.278000 | $18.98 | $17.25 | $1.73 | $1.21 | $0.52 | 1 | | WETH | 0.004731 | $8.18 | $7.44 | $0.74 | $0.52 | $0.22 | 6 | | weETH | 0.002758 | $5.28 | $4.80 | $0.48 | $0.34 | $0.14 | 1 | | VELO | 226.898000 | $3.31 | $3.01 | $0.30 | $0.21 | $0.09 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/9f258c132fc249c0c10e2a75817f75a658634231.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14514.71M% | 100.00% | | xcUSDC | 0.10 | 7.72M% | 18.18% | | xcUSDT | 0.10 | 11.91M% | 15.27% | | USDC.wh | 0.10 | 7.68M% | 8.15% | | ETH.wh | 0.10 | 822.60% | 3.27% | | BTC.wh | 0.10 | 10.62% | 1.03% | | FRAX | 0.10 | 122.59K% | 0.33% | | xcDOT | 0.10 | 3.30M% | 0.31% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $140,199.00 | 14400478.81712186 | $53,165.74 | 5316573.9968 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.51M GLMR to 14.52M GLMR | +0% from 14.51M GLMR to 14.52M GLMR | 0% from 100.00% to 100.00% | | xcUSDC | -16% from 7.97K xcUSDC to 6.66K xcUSDC | -0% from 42.51K xcUSDC to 42.33K xcUSDC | -16% from 18.75% to 15.73% | | xcUSDT | -4% from 11.98K xcUSDT to 11.45K xcUSDT | -0% from 78.03K xcUSDT to 77.98K xcUSDT | -4% from 15.36% to 14.68% | | USDC.wh | -10% from 7.87K USDC.wh to 7.08K USDC.wh | +0% from 94.19K USDC.wh to 94.20K USDC.wh | -10% from 8.35% to 7.51% | | ETH.wh | +0% from 0.82 ETH.wh to 0.82 ETH.wh | -0% from 25.16 ETH.wh to 25.06 ETH.wh | +1% from 3.27% to 3.29% | | BTC.wh | +10% from 0.01 BTC.wh to 0.01 BTC.wh | -1% from 1.03 BTC.wh to 1.02 BTC.wh | +11% from 1.00% to 1.10% | | FRAX | -32% from 134.16 FRAX to 91.84 FRAX | -0% from 37.59K FRAX to 37.57K FRAX | -32% from 0.36% to 0.24% | | xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 0.31% to 0.31% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [June 12, 2026, 12:52am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/70 "2026-06-12T00:52:05Z")
# Weekly Update (6/5/26 - 6/11/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, Ethereum, and Moonbeam. Data from 6/5/26 to 6/11/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/78b0577dfdc6bc4df3560fbce422a579fb2c7cad.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 19.13% | 91.40% | | USDC | 184.00M | 200.00M | 7.46% | 7.68% | 89.29% | | USDS | 690.00K | 750.00K | 1.36% | 1.41% | 89.14% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 33.80% | 88.31% | | EURC | 21.00M | 21.90M | 2.45% | 2.77% | 84.94% | | WETH | 64.00K | 96.00K | 5.60% | 5.24% | 71.25% | | DAI | 300.00K | 400.00K | 4.22% | 5.63% | 56.18% | | cbXRP | 0.00 | 5.00M | 0.00% | 49.17% | 32.67% | | AERO | 7.50M | 70.00M | 69.19% | 32.92% | 22.65% | | MAMO | 3.00M | 20.00M | 19.64% | 17.96% | 16.38% | | wstETH | 500.00 | 14.40K | 28.41% | 6.12% | 16.11% | | WELL | 34.00M | 250.00M | 82.12% | 70.53% | 15.83% | | USDbC | 1.00 | 1.00 | 90.01K% | 807.91K% | 11.14% | | cbBTC | 90.00 | 1.50K | 21.49% | 12.61% | 10.23% | | tBTC | 5.00 | 50.00 | 1.89% | 1.94% | 9.74% | | LBTC | 10.00 | 95.00 | 41.13% | 56.89% | 7.61% | | MORPHO | 100.00K | 6.00M | 200.22% | 94.18% | 3.54% | | rETH | 200.00 | 2.60K | 5.13% | 28.29% | 1.39% | | weETH | 0.00 | 5.40K | 0.00% | 1.28% | 0.37% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 41.82% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,278,511.61 | 673.78597626 | $2,705.36 | 1.4312 | | cbXRP | $864,870.42 | 757734.353326 | $10,127.23 | 9009.9888 | | VIRTUAL | $741,208.36 | 1257804.46103417 | $10,105.90 | 17575.4866 | | WETH | $405,771.16 | 242.12161762 | $133,363.44 | 79.8803 | | USDC | $231,112.40 | 231175.805537 | $74,969.74 | 74969.7403 | | MORPHO | $230,744.69 | 119682.39308683 | $29,839.94 | 14816.258 | | EURC | $195,254.14 | 168915.776587 | $29,968.75 | 25991.981 | | wstETH | $170,253.27 | 82.15372156 | $74,930.11 | 36.298 | | AERO | $165,524.89 | 473832.27466287 | $108,036.81 | 312245.1151 | | cbBTC | $19,878.36 | 0.31302569 | $115,457.93 | 1.83 | | DAI | $1,533.51 | 1533.82381679 | $1,985.34 | 1985.338 | | USDS | $1,063.09 | 1063.45510516 | $177.45 | 177.4499 | | tBTC | $767.06 | 0.01212033 | $5,528.79 | 0.0878 | | WELL | $87.03 | 23647.25008419 | $11,526.26 | 2881563.7782 | | weETH | $6.10 | 0.00331828 | $12,900.78 | 7.0516 | | rETH | $1.84 | 0.00094271 | $8,957.86 | 4.6048 | | LBTC | $1.01 | 0.00001577 | $14,566.11 | 0.2299 | | wrsETH | $0.84 | 0.00047018 | $2,104.90 | 1.1745 | | MAMO | $0.37 | 45.19785555 | $232.85 | 29106.5416 | | USDbC | $0.03 | 0.033595 | $3.52 | 3.516 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | -1% from 696.87 cbETH to 687.63 cbETH | **-41% from 1.16K cbETH to 687.72 cbETH** | **+67% from 60.04% to 99.99%** | | USDC | -7% from 14.45M USDC to 13.50M USDC | -2% from 15.44M USDC to 15.19M USDC | -5% from 93.62% to 88.88% | | USDS | +1% from 9.37K USDS to 9.44K USDS | +4% from 10.21K USDS to 10.61K USDS | -3% from 91.78% to 88.97% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | **-46% from 2.35M VIRTUAL to 1.28M VIRTUAL** | **+84% from 54.11% to 99.52%** | | EURC | -1% from 518.92K EURC to 513.21K EURC | +9% from 587.72K EURC to 639.78K EURC | -9% from 88.29% to 80.22% | | WETH | +9% from 3.28K WETH to 3.57K WETH | +5% from 4.76K WETH to 4.99K WETH | +4% from 68.91% to 71.42% | | DAI | +23% from 10.85K DAI to 13.31K DAI | +1% from 22.48K DAI to 22.63K DAI | +22% from 48.28% to 58.84% | | cbXRP | -0% from 806.06K cbXRP to 802.63K cbXRP | -2% from 2.49M cbXRP to 2.45M cbXRP | +1% from 32.40% to 32.77% | | AERO | +2% from 5.14M AERO to 5.22M AERO | +29% from 18.40M AERO to 23.72M AERO | -21% from 27.92% to 22.01% | | MAMO | **-44% from 736.42K MAMO to 413.24K MAMO** | -8% from 3.85M MAMO to 3.56M MAMO | -39% from 19.12% to 11.62% | | wstETH | -15% from 166.52 wstETH to 141.42 wstETH | -4% from 917.35 wstETH to 877.03 wstETH | -11% from 18.15% to 16.12% | | WELL | +20% from 25.06M WELL to 30.07M WELL | +2% from 174.19M WELL to 176.93M WELL | +18% from 14.39% to 17.00% | | USDbC | -1% from 908.28 USDbC to 899.70 USDbC | -0% from 8.08K USDbC to 8.08K USDbC | -1% from 11.24% to 11.14% | | cbBTC | +10% from 20.28 cbBTC to 22.27 cbBTC | +3% from 184.36 cbBTC to 189.73 cbBTC | +7% from 11.00% to 11.73% | | tBTC | +3% from 0.08 tBTC to 0.09 tBTC | +7% from 0.91 tBTC to 0.98 tBTC | -3% from 9.27% to 8.95% | | LBTC | -11% from 4.28 LBTC to 3.81 LBTC | -2% from 55.03 LBTC to 53.81 LBTC | -9% from 7.78% to 7.08% | | MORPHO | -1% from 200.39K MORPHO to 198.19K MORPHO | +0% from 5.64M MORPHO to 5.65M MORPHO | -1% from 3.55% to 3.51% | | rETH | -22% from 12.60 rETH to 9.85 rETH | -2% from 747.79 rETH to 733.90 rETH | -20% from 1.68% to 1.34% | | weETH | -20% from 0.30 weETH to 0.24 weETH | +7% from 68.34 weETH to 73.39 weETH | -26% from 0.44% to 0.32% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.15 wrsETH to 33.15 wrsETH | +0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | **-40% from 88.29K VVV to 52.91K VVV** | **+67% from 0.00% to 0.00%** | ### Notable Trends - AERO supply +29% (18.40M → 23.72M AERO) - USDC borrows -7% (14.45M → 13.50M USDC) - cbETH supply -41% (1.16K → 687.72 cbETH) - VIRTUAL supply -46% (2.35M → 1.28M VIRTUAL) - VVV supply -40% (88.29K → 52.91K VV\*) - WETH borrows +9% (3.28K → 3.57K WETH) ### Liquidations No liquidation events this week. ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/5608a0881b93b8ad924ad73f825e3aac9fd95193.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.91% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 84.26% | | USDC | 34.00M | 36.40M | 1.73% | 2.09% | 77.10% | | DAI | 4.50M | 4.80M | 0.63% | 0.78% | 75.46% | | WETH | 30.00K | 32.00K | 2.59% | 3.62% | 67.14% | | USDT | 18.40M | 22.60M | 0.13% | 0.16% | 65.63% | | OP | 650.00K | 5.60M | 38.67% | 13.18% | 34.06% | | weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.13% | | rETH | 0.00 | 750.00 | 0.00% | 2.24% | 13.85% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | wstETH | 0.00 | 5.00K | 0.00% | 2.32% | 3.05% | | VELO | 6.00M | 80.00M | 34.39% | 92.76% | 2.78% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,519.00 | 2.32047712 | $546.29 | 0.2805 | | wstETH | $2,889.00 | 1.3976799 | $4,396.35 | 2.127 | | cbETH | $314.00 | 0.16600263 | $12.49 | 0.0066 | | VELO | $20.00 | 1457.95428125 | $8,259.48 | 589962.9086 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 99.91% to 99.91% | | USDT0 | -2% from 44.56K USDT0 to 43.83K USDT0 | -1% from 52.47K USDT0 to 51.91K USDT0 | -1% from 84.94% to 84.43% | | USDC | -26% from 654.87K USDC to 486.05K USDC | -18% from 793.03K USDC to 653.62K USDC | -10% from 82.58% to 74.36% | | DAI | -16% from 29.04K DAI to 24.38K DAI | +5% from 36.91K DAI to 38.83K DAI | -20% from 78.68% to 62.78% | | WETH | +0% from 778.06 WETH to 779.40 WETH | -1% from 1.16K WETH to 1.15K WETH | +2% from 66.84% to 67.95% | | USDT | -15% from 27.54K USDT to 23.43K USDT | -8% from 39.53K USDT to 36.38K USDT | -8% from 69.65% to 64.41% | | OP | **-54% from 293.53K OP to 135.73K OP** | +1% from 732.20K OP to 738.40K OP | **-54% from 40.09% to 18.38%** | | weETH | +0% from 1.29 weETH to 1.29 weETH | -0% from 9.17 weETH to 9.15 weETH | +0% from 14.09% to 14.13% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -1% from 16.86 rETH to 16.77 rETH | +1% from 13.78% to 13.86% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | -10% from 118.18 wstETH to 106.68 wstETH | +11% from 2.98% to 3.30% | | VELO | -36% from 2.98M VELO to 1.91M VELO | -3% from 75.98M VELO to 73.99M VELO | -34% from 3.92% to 2.59% | | wrsETH | +0% from 0.28 wrsETH to 0.28 wrsETH | -1% from 12.46 wrsETH to 12.40 wrsETH | +1% from 2.22% to 2.23% | ### Notable Trends - USDC borrows -26% (654.87K → 486.05K USDC) - USDC supply -18% (793.03K → 653.62K USDC) - wstETH supply -10% (118.18 → 106.68 wstETH) - OP borrows -54% (293.53K → 135.73K OP) ### Liquidations - **Total liquidations:** 51 - **Total Collateral Seized (USD):** $23,191.55 - **Total Debt Repaid (USD):** $21,083.23 - **Total Liquidation Bonus (USD):** $2,108.32 - **Total Liquidator Bonus (USD):** $1,475.83 - **Total Protocol Bonus (USD):** $632.50 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 1,074,244.998060 | $13,618.34 | $12,380.31 | $1,238.03 | $866.62 | $371.41 | 11 | | WETH | 5.448232 | $9,039.64 | $8,217.85 | $821.79 | $575.25 | $246.54 | 10 | | OP | 2,092.035920 | $195.56 | $177.78 | $17.78 | $12.44 | $5.33 | 19 | | rETH | 0.098709 | $181.26 | $164.78 | $16.48 | $11.53 | $4.94 | 3 | | weETH | 0.028688 | $50.99 | $46.35 | $4.64 | $3.24 | $1.39 | 5 | | USDC | 42.252600 | $42.24 | $38.40 | $3.84 | $2.69 | $1.15 | 1 | | wstETH | 0.021135 | $41.47 | $37.70 | $3.77 | $2.64 | $1.13 | 1 | | USDT0 | 22.078100 | $22.06 | $20.06 | $2.01 | $1.40 | $0.60 | 1 | ## Moonbeam ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/79b0b15aee431446f1e0f8f667844a77ade347a2.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14518.13M% | 100.00% | | xcUSDT | 0.10 | 11.06M% | 14.18% | | xcUSDC | 0.10 | 5.49M% | 12.98% | | USDC.wh | 0.10 | 6.66M% | 7.09% | | ETH.wh | 0.10 | 823.88% | 3.31% | | BTC.wh | 0.10 | 11.82% | 1.16% | | xcDOT | 0.10 | 3.30M% | 0.31% | | FRAX | 0.10 | 70.46K% | 0.19% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $134,192.00 | 14402952.44050636 | $47,872.39 | 5319153.9155 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.52M GLMR to 14.52M GLMR | +0% from 14.52M GLMR to 14.52M GLMR | 0% from 100.00% to 100.00% | | xcUSDT | -4% from 11.45K xcUSDT to 11.00K xcUSDT | -0% from 77.98K xcUSDT to 77.98K xcUSDT | -4% from 14.68% to 14.11% | | xcUSDC | -19% from 6.66K xcUSDC to 5.42K xcUSDC | -0% from 42.33K xcUSDC to 42.26K xcUSDC | -18% from 15.73% to 12.82% | | USDC.wh | -9% from 7.08K USDC.wh to 6.45K USDC.wh | -0% from 94.20K USDC.wh to 93.96K USDC.wh | -9% from 7.51% to 6.87% | | ETH.wh | +0% from 0.82 ETH.wh to 0.82 ETH.wh | -1% from 25.06 ETH.wh to 24.87 ETH.wh | +1% from 3.29% to 3.31% | | BTC.wh | +6% from 0.01 BTC.wh to 0.01 BTC.wh | -0% from 1.02 BTC.wh to 1.02 BTC.wh | +7% from 1.10% to 1.18% | | xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 0.31% to 0.31% | | FRAX | -25% from 91.84 FRAX to 68.80 FRAX | -0% from 37.57K FRAX to 37.53K FRAX | -25% from 0.24% to 0.18% | ### Notable Trends - xcUSDC borrows -19% (6.66K → 5.42K xcUSDC) - USDC.wh borrows -9% (7.08K → 6.45K USDC.wh) - xcUSDT borrows -4% (11.45K → 11.00K xcUSDT) ### Liquidations No liquidation events this week. ## Ethereum | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 0.00% | 0.00% | 0.00% | | USDC | 180.00M | 200.00M | 0.00% | 0.00% | 0.00% | | USDT | 180.00M | 200.00M | 0.00% | 0.00% | 0.00% | | cbBTC | 600.00 | 1.00K | 0.00% | 0.00% | 0.00% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | N/A | **+742% from 0.00 WETH to 0.01 WETH** | N/A | | USDC | N/A | **+87308% from 5.69 USDC to 4.97K USDC** | N/A | | USDT | N/A | 0% from 1.00 USDT to 1.00 USDT | N/A | | cbBTC | N/A | 0% from 0.00 cbBTC to 0.00 cbBTC | N/A | ### Notable Trends - USDC supply +87308% (5.69 → 4.97K USDC) ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [June 19, 2026, 1:02am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/71 "2026-06-19T01:02:44Z")
# Weekly Update (6/12/26 - 6/18/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 6/12/26 to 6/18/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/81cff0e85a6277e3111f81207132a82b241b9e38.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | VIRTUAL | 0.00 | 4.50M | 0.00% | 28.25% | 100.00% | | cbETH | 0.00 | 4.00K | 0.00% | 17.78% | 97.22% | | USDC | 184.00M | 200.00M | 7.35% | 7.56% | 89.37% | | USDS | 690.00K | 750.00K | 1.37% | 1.46% | 87.65% | | EURC | 21.00M | 21.90M | 2.42% | 2.87% | 80.80% | | WETH | 64.00K | 96.00K | 5.89% | 5.36% | 73.31% | | DAI | 300.00K | 400.00K | 4.16% | 5.66% | 55.12% | | MAMO | 3.00M | 20.00M | 18.48% | 10.04% | 33.81% | | cbXRP | 0.00 | 5.00M | 0.00% | 49.18% | 32.64% | | AERO | 7.50M | 70.00M | 70.58% | 34.87% | 21.68% | | WELL | 34.00M | 250.00M | 77.24% | 70.68% | 14.86% | | wstETH | 500.00 | 14.40K | 26.68% | 6.65% | 14.19% | | cbBTC | 90.00 | 1.50K | 24.62% | 12.21% | 12.09% | | USDbC | 1.00 | 1.00 | 89.97K% | 807.86K% | 11.14% | | tBTC | 5.00 | 50.00 | 1.78% | 1.97% | 9.03% | | LBTC | 10.00 | 95.00 | 41.74% | 56.89% | 7.72% | | MORPHO | 100.00K | 6.00M | 192.90% | 94.14% | 3.41% | | rETH | 200.00 | 2.60K | 4.92% | 28.23% | 1.34% | | weETH | 0.00 | 5.40K | 0.00% | 1.29% | 0.34% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | | VVV | 0.00 | 170.00K | 0.00% | 31.24% | 0.00% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,287,654.24 | 673.9086212 | $2,977.15 | 1.5635 | | cbXRP | $864,048.98 | 757877.863215 | $11,840.50 | 10332.0234 | | VIRTUAL | $734,404.52 | 1258045.14692688 | $10,357.77 | 17827.479 | | WETH | $282,873.53 | 167.73517604 | $10,110.17 | 6.0157 | | MORPHO | $202,017.86 | 104929.06248736 | $141.71 | 73.5784 | | EURC | $164,668.67 | 143289.466843 | $324.13 | 282.0939 | | USDC | $161,830.90 | 161873.94949 | $7,224.80 | 7224.8049 | | wstETH | $97,075.69 | 46.52393185 | $1,370.12 | 0.6589 | | AERO | $73,246.80 | 168483.64577275 | $3,770.89 | 8668.7174 | | cbBTC | $2,514.77 | 0.04000294 | $6,992.99 | 0.1117 | | DAI | $1,536.53 | 1536.94023451 | $2,014.42 | 2014.4195 | | USDS | $1,068.41 | 1068.77648765 | $182.42 | 182.4203 | | tBTC | $760.37 | 0.01212209 | $5,476.96 | 0.0878 | | WELL | $87.64 | 23662.37779388 | $11,544.31 | 2886078.2368 | | weETH | $6.14 | 0.00331831 | $13,000.48 | 7.0516 | | rETH | $1.85 | 0.00094271 | $9,020.84 | 4.6049 | | LBTC | $1.00 | 0.00001577 | $14,460.70 | 0.23 | | wrsETH | $0.86 | 0.00047019 | $2,119.98 | 1.1745 | | MAMO | $0.37 | 45.33131652 | $237.01 | 29626.7727 | | USDbC | $0.03 | 0.033596 | $3.54 | 3.5415 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | 0% from 100.00% to 100.00% | | cbETH | +0% from 687.63 cbETH to 687.71 cbETH | -0% from 687.73 cbETH to 687.71 cbETH | +0% from 99.99% to 100.00% | | USDC | -0% from 13.50M USDC to 13.48M USDC | -1% from 15.20M USDC to 15.03M USDC | +1% from 88.83% to 89.70% | | USDS | +1% from 9.44K USDS to 9.50K USDS | -0% from 10.61K USDS to 10.57K USDS | +1% from 88.97% to 89.85% | | EURC | -5% from 513.22K EURC to 489.41K EURC | -4% from 632.78K EURC to 608.08K EURC | -1% from 81.10% to 80.48% | | WETH | +9% from 3.57K WETH to 3.88K WETH | -0% from 5.05K WETH to 5.04K WETH | +9% from 70.64% to 76.86% | | DAI | -11% from 13.31K DAI to 11.84K DAI | +0% from 22.63K DAI to 22.66K DAI | -11% from 58.83% to 52.28% | | MAMO | +15% from 513.25K MAMO to 590.89K MAMO | **-62% from 3.56M MAMO to 1.37M MAMO** | **+200% from 14.43% to 43.22%** | | cbXRP | +0% from 802.63K cbXRP to 802.79K cbXRP | +0% from 2.45M cbXRP to 2.46M cbXRP | -0% from 32.74% to 32.62% | | AERO | -6% from 5.22M AERO to 4.91M AERO | -1% from 23.72M AERO to 23.58M AERO | -5% from 22.01% to 20.84% | | WELL | -13% from 30.07M WELL to 26.17M WELL | -0% from 176.93M WELL to 176.45M WELL | -13% from 17.00% to 14.83% | | wstETH | -26% from 141.42 wstETH to 105.24 wstETH | +28% from 877.03 wstETH to 1.12K wstETH | **-42% from 16.12% to 9.41%** | | cbBTC | +7% from 22.27 cbBTC to 23.86 cbBTC | -3% from 190.33 cbBTC to 185.50 cbBTC | +10% from 11.70% to 12.86% | | USDbC | +0% from 899.70 USDbC to 899.72 USDbC | +0% from 8.08K USDbC to 8.08K USDbC | +0% from 11.14% to 11.14% | | tBTC | +14% from 0.09 tBTC to 0.10 tBTC | +2% from 0.98 tBTC to 0.99 tBTC | +12% from 8.95% to 10.04% | | LBTC | **+52% from 3.81 LBTC to 5.78 LBTC** | +4% from 53.81 LBTC to 55.81 LBTC | **+46% from 7.08% to 10.37%** | | MORPHO | -9% from 198.19K MORPHO to 180.45K MORPHO | -0% from 5.65M MORPHO to 5.64M MORPHO | -9% from 3.51% to 3.20% | | rETH | -0% from 9.85 rETH to 9.83 rETH | +0% from 733.90 rETH to 733.96 rETH | -0% from 1.34% to 1.34% | | weETH | -6% from 0.24 weETH to 0.22 weETH | -6% from 73.39 weETH to 69.13 weETH | +0% from 0.32% to 0.32% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.15 wrsETH to 33.15 wrsETH | +0% from 0.04% to 0.04% | | VVV | 0% from 0.10 VVV to 0.10 VVV | +1% from 52.91K VVV to 53.30K VVV | -1% from 0.00% to 0.00% | ### Notable Trends - WETH borrows +9% (3.57K → 3.88K WETH) - wstETH supply +28% (877.03 → 1.12K wstETH) - LBTC borrows +52% (3.81 → 5.78 LBTC) ### Liquidations No liquidation events this week. ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/e/e592185b32144007bcae4eb4ebd9cce1a11e9010.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 0.09% | 0.31% | 7.48% | | USDC | 180.00M | 200.00M | 0.01% | 0.09% | 4.96% | | cbBTC | 600.00 | 1.00K | 0.03% | 0.14% | 4.31% | | USDT | 180.00M | 200.00M | 0.00% | 0.08% | 0.01% | ### Bad Debt & Reserves No positions with health factor below 0.5 on this chain. ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | N/A | **+2438629% from 0.01 WETH to 246.31 WETH** | N/A | | USDC | N/A | **+8642872% from 5.69 USDC to 491.87K USDC** | N/A | | cbBTC | N/A | **+3669900% from 0.00 cbBTC to 3.67 cbBTC** | N/A | | USDT | N/A | **+41438436% from 1.00 USDT to 414.39K USDT** | N/A | ### Notable Trends - USDC supply +8642872% (5.69 → 491.87K USDC) - USDT supply +41438436% (1.00 → 414.39K USDT) - WETH supply +2438629% (0.01 → 246.31 WETH) - cbBTC supply +3669900% (0.00 → 3.67 cbBTC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/f/f8702f32a3be2540e37e46e6b5bb28be28667583.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.92% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 84.61% | | USDC | 34.00M | 36.40M | 1.43% | 1.80% | 74.09% | | WETH | 30.00K | 32.00K | 2.59% | 3.58% | 67.95% | | USDT | 18.40M | 22.60M | 0.13% | 0.16% | 64.17% | | DAI | 4.50M | 4.80M | 0.54% | 0.81% | 62.78% | | OP | 650.00K | 5.60M | 20.23% | 13.19% | 17.81% | | weETH | 0.00 | 90.00 | 0.00% | 10.16% | 14.13% | | rETH | 0.00 | 750.00 | 0.00% | 2.24% | 13.86% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | wstETH | 0.00 | 5.00K | 0.00% | 2.13% | 3.30% | | VELO | 6.00M | 80.00M | 32.70% | 92.20% | 2.66% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,553.00 | 2.32047712 | $549.46 | 0.2805 | | wstETH | $2,911.00 | 1.39773593 | $4,422.06 | 2.1271 | | cbETH | $367.00 | 0.1922469 | $17.71 | 0.0093 | | WETH | $61.00 | 0.03623388 | $52,127.89 | 31.0166 | | VELO | $25.00 | 1458.55882245 | $10,052.10 | 591299.9971 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +16% from 0.17 cbETH to 0.19 cbETH | +16% from 0.17 cbETH to 0.19 cbETH | +0% from 99.91% to 100.00% | | USDT0 | +0% from 43.83K USDT0 to 43.88K USDT0 | -0% from 51.91K USDT0 to 51.82K USDT0 | +0% from 84.43% to 84.68% | | USDC | -1% from 486.06K USDC to 482.18K USDC | +0% from 653.63K USDC to 654.58K USDC | -1% from 74.36% to 73.66% | | WETH | +0% from 778.27 WETH to 778.35 WETH | -0% from 1.15K WETH to 1.14K WETH | +0% from 67.94% to 68.05% | | USDT | +0% from 23.43K USDT to 23.45K USDT | +1% from 36.38K USDT to 36.86K USDT | -1% from 64.41% to 63.62% | | DAI | 0% from 24.38K DAI to 24.38K DAI | 0% from 38.83K DAI to 38.83K DAI | 0% from 62.78% to 62.78% | | OP | -29% from 135.73K OP to 96.81K OP | +0% from 738.40K OP to 738.67K OP | -29% from 18.38% to 13.11% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 9.15 weETH to 9.15 weETH | 0% from 14.13% to 14.13% | | rETH | 0% from 2.32 rETH to 2.32 rETH | 0% from 16.77 rETH to 16.77 rETH | 0% from 13.86% to 13.86% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | +0% from 106.68 wstETH to 106.83 wstETH | -0% from 3.30% to 3.29% | | VELO | +1% from 1.92M VELO to 1.94M VELO | -4% from 73.99M VELO to 70.75M VELO | +6% from 2.59% to 2.74% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.40 wrsETH to 12.39 wrsETH | +0% from 2.23% to 2.23% | ### Notable Trends - OP borrows -29% (135.73K → 96.81K OP) ### Liquidations - **Total liquidations:** 9 - **Total Collateral Seized (USD):** $5.17 - **Total Debt Repaid (USD):** $4.70 - **Total Liquidation Bonus (USD):** $0.47 - **Total Liquidator Bonus (USD):** $0.33 - **Total Protocol Bonus (USD):** $0.14 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | wrsETH | 0.002498 | $4.70 | $4.28 | $0.43 | $0.30 | $0.13 | 7 | | cbETH | 0.000144 | $0.29 | $0.26 | $0.03 | $0.02 | $0.01 | 1 | | VELO | 12.700800 | $0.18 | $0.16 | $0.02 | $0.01 | $0.00 | 1 | ## Moonbeam ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/a/aaebbfb83f9870508f1ff0ae2763a49bf36c77d4.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14519.02M% | 100.00% | | xcUSDT | 0.10 | 11.00M% | 14.11% | | xcUSDC | 0.10 | 5.42M% | 12.82% | | USDC.wh | 0.10 | 6.45M% | 6.87% | | ETH.wh | 0.10 | 823.90% | 3.31% | | BTC.wh | 0.10 | 12.00% | 1.18% | | xcDOT | 0.10 | 3.30M% | 0.31% | | FRAX | 0.10 | 68.80K% | 0.18% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $127,061.00 | 14402952.44050636 | $47,872.39 | 5319153.9155 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | 0% from 14.52M GLMR to 14.52M GLMR | 0% from 14.52M GLMR to 14.52M GLMR | 0% from 100.00% to 100.00% | | xcUSDT | 0% from 11.00K xcUSDT to 11.00K xcUSDT | 0% from 77.98K xcUSDT to 77.98K xcUSDT | 0% from 14.11% to 14.11% | | xcUSDC | 0% from 5.42K xcUSDC to 5.42K xcUSDC | 0% from 42.26K xcUSDC to 42.26K xcUSDC | 0% from 12.82% to 12.82% | | USDC.wh | +0% from 6.45K USDC.wh to 6.46K USDC.wh | +0% from 93.96K USDC.wh to 93.97K USDC.wh | +0% from 6.87% to 6.87% | | ETH.wh | 0% from 0.82 ETH.wh to 0.82 ETH.wh | 0% from 24.87 ETH.wh to 24.87 ETH.wh | 0% from 3.31% to 3.31% | | BTC.wh | 0% from 0.01 BTC.wh to 0.01 BTC.wh | +0% from 1.02 BTC.wh to 1.02 BTC.wh | +0% from 1.18% to 1.18% | | xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | +0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 0.31% to 0.31% | | FRAX | 0% from 68.80 FRAX to 68.80 FRAX | 0% from 37.53K FRAX to 37.53K FRAX | 0% from 0.18% to 0.18% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [June 25, 2026, 7:32pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/72 "2026-06-25T19:32:33Z")
# Weekly Update (6/19/26 - 6/25/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 6/19/26 to 6/25/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/6/621660f1ee03ed14c6f7358d0c837bd020a50786.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.19% | 100.00% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 28.26% | 100.00% | | USDC | 184.00M | 200.00M | 7.38% | 7.58% | 89.65% | | USDS | 690.00K | 750.00K | 1.38% | 1.46% | 86.90% | | WETH | 64.00K | 96.00K | 6.17% | 5.14% | 80.14% | | EURC | 21.00M | 21.90M | 2.33% | 2.83% | 78.92% | | DAI | 300.00K | 400.00K | 4.02% | 5.66% | 53.18% | | MAMO | 3.00M | 20.00M | 18.85% | 7.91% | 38.06% | | cbXRP | 0.00 | 5.00M | 0.00% | 48.84% | 32.88% | | AERO | 7.50M | 70.00M | 62.58% | 33.69% | 19.90% | | WELL | 34.00M | 250.00M | 73.09% | 70.84% | 14.03% | | cbBTC | 90.00 | 1.50K | 25.26% | 12.49% | 12.14% | | tBTC | 5.00 | 50.00 | 2.07% | 1.80% | 11.56% | | USDbC | 1.00 | 1.00 | 89.97K% | 804.44K% | 11.18% | | LBTC | 10.00 | 95.00 | 60.64% | 59.24% | 10.77% | | wstETH | 500.00 | 14.40K | 21.05% | 8.10% | 9.03% | | MORPHO | 100.00K | 6.00M | 180.46% | 93.94% | 3.20% | | VVV | 1.00K | 170.00K | 72.23% | 30.76% | 1.39% | | rETH | 200.00 | 2.60K | 4.91% | 28.23% | 1.34% | | weETH | 0.00 | 5.40K | 0.00% | 1.26% | 0.33% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,199,604.01 | 674.040751 | $2,993.22 | 1.6971 | | cbXRP | $787,007.86 | 758023.192362 | $11,501.45 | 11134.0292 | | VIRTUAL | $653,019.70 | 1258284.87662329 | $9,328.13 | 18077.7706 | | WETH | $263,408.08 | 167.75233847 | $9,792.13 | 6.2927 | | MORPHO | $181,462.14 | 104943.54152831 | $143.98 | 82.2761 | | EURC | $162,876.14 | 143409.890759 | $367.05 | 323.1096 | | USDC | $162,002.92 | 162062.055402 | $8,802.37 | 8802.3723 | | wstETH | $90,438.23 | 46.52880657 | $1,272.28 | 0.6605 | | AERO | $80,679.13 | 168630.2687355 | $4,848.62 | 10250.7749 | | cbBTC | $2,381.70 | 0.04000863 | $8,169.29 | 0.1384 | | DAI | $1,536.97 | 1537.62634433 | $2,019.80 | 2019.7967 | | USDS | $1,070.46 | 1070.91805825 | $184.32 | 184.3225 | | tBTC | $721.49 | 0.01212399 | $5,197.39 | 0.0878 | | WELL | $79.61 | 23676.49620403 | $8,669.46 | 2889819.889 | | weETH | $5.72 | 0.00331834 | $12,041.15 | 7.0516 | | rETH | $1.72 | 0.00094273 | $8,355.60 | 4.6049 | | LBTC | $0.94 | 0.00001578 | $13,635.36 | 0.23 | | wrsETH | $0.79 | 0.00047019 | $1,963.81 | 1.1745 | | MAMO | $0.35 | 45.48170571 | $241.65 | 30205.8856 | | USDbC | $0.03 | 0.033601 | $3.68 | 3.6833 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.71 cbETH to 687.84 cbETH | +0% from 687.71 cbETH to 687.86 cbETH | -0% from 100.00% to 100.00% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -0% from 100.00% to 99.99% | | USDC | +3% from 13.48M USDC to 13.87M USDC | +3% from 14.96M USDC to 15.36M USDC | +0% from 90.13% to 90.30% | | USDS | -0% from 9.50K USDS to 9.49K USDS | +6% from 10.57K USDS to 11.20K USDS | -6% from 89.85% to 84.73% | | WETH | +2% from 3.88K WETH to 3.96K WETH | -9% from 5.05K WETH to 4.61K WETH | +12% from 76.67% to 86.10% | | EURC | -1% from 489.42K EURC to 484.37K EURC | -1% from 608.10K EURC to 602.22K EURC | -0% from 80.48% to 80.43% | | DAI | +3% from 11.84K DAI to 12.23K DAI | +0% from 22.66K DAI to 22.75K DAI | +3% from 52.28% to 53.77% | | MAMO | -31% from 590.90K MAMO to 407.16K MAMO | **+77% from 1.37M MAMO to 2.42M MAMO** | **-61% from 43.22% to 16.80%** | | cbXRP | +0% from 802.79K cbXRP to 802.92K cbXRP | -2% from 2.46M cbXRP to 2.41M cbXRP | +2% from 32.62% to 33.33% | | AERO | -19% from 4.91M AERO to 3.97M AERO | +0% from 23.59M AERO to 23.61M AERO | -19% from 20.83% to 16.81% | | WELL | -10% from 26.18M WELL to 23.54M WELL | +1% from 176.45M WELL to 178.33M WELL | -11% from 14.83% to 13.20% | | cbBTC | -13% from 23.86 cbBTC to 20.66 cbBTC | +1% from 186.18 cbBTC to 188.59 cbBTC | -15% from 12.82% to 10.95% | | tBTC | +6% from 0.10 tBTC to 0.11 tBTC | -11% from 0.99 tBTC to 0.88 tBTC | +20% from 10.04% to 12.04% | | USDbC | -0% from 899.72 USDbC to 895.25 USDbC | -1% from 8.08K USDbC to 8.03K USDbC | +0% from 11.14% to 11.15% | | LBTC | -6% from 5.78 LBTC to 5.46 LBTC | +1% from 55.81 LBTC to 56.42 LBTC | -7% from 10.37% to 9.68% | | wstETH | -0% from 105.24 wstETH to 105.21 wstETH | +4% from 1.12K wstETH to 1.17K wstETH | -4% from 9.41% to 9.03% | | MORPHO | +0% from 180.45K MORPHO to 180.47K MORPHO | -0% from 5.64M MORPHO to 5.64M MORPHO | +0% from 3.20% to 3.20% | | VVV | **+999911% from 0.10 VVV to 1.00K VVV** | -8% from 53.30K VVV to 49.09K VVV | **+1083554% from 0.00% to 2.04%** | | rETH | -0% from 9.83 rETH to 9.80 rETH | -0% from 734.01 rETH to 733.92 rETH | -0% from 1.34% to 1.33% | | weETH | -0% from 0.22 weETH to 0.22 weETH | -6% from 69.14 weETH to 64.91 weETH | +6% from 0.32% to 0.34% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -12% from 33.15 wrsETH to 29.30 wrsETH | +13% from 0.04% to 0.05% | ### Notable Trends - WETH supply -9% (5.05K → 4.61K WETH) - AERO borrows -19% (4.91M → 3.97M AERO) - USDC supply +3% (14.96M → 15.36M USDC) - USDC borrows +3% (13.48M → 13.87M USDC) - cbBTC borrows -13% (23.86 → 20.66 cbBTC) ### Liquidations No liquidation events this week. ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/e/eeb7002318262d2a03921a29c7593964907c4a61.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbBTC | 600.00 | 1.00K | 0.33% | 0.55% | 35.41% | | WETH | 20.00K | 30.00K | 0.58% | 1.40% | 27.19% | | USDT | 180.00M | 200.00M | 0.03% | 0.29% | 8.48% | | USDC | 180.00M | 200.00M | 0.03% | 0.37% | 7.17% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbBTC | **+284% from 0.60 cbBTC to 2.30 cbBTC** | **+112% from 3.67 cbBTC to 7.78 cbBTC** | **+81% from 16.35% to 29.56%** | | WETH | **+154% from 58.65 WETH to 148.92 WETH** | **+93% from 246.66 WETH to 475.32 WETH** | +32% from 23.78% to 31.33% | | USDT | **+19322% from 269.07 USDT to 52.26K USDT** | **+44% from 414.39K USDT to 596.93K USDT** | **+13383% from 0.06% to 8.75%** | | USDC | -7% from 50.04K USDC to 46.78K USDC | **+72% from 491.87K USDC to 847.85K USDC** | **-46% from 10.17% to 5.52%** | ### Notable Trends - WETH supply +93% (246.66 → 475.32 WETH) - USDC supply +72% (491.87K → 847.85K USDC) - cbBTC supply +112% (3.67 → 7.78 cbBTC) - USDT supply +44% (414.39K → 596.93K USDT) - WETH borrows +154% (58.65 → 148.92 WETH) - cbBTC borrows +284% (0.60 → 2.30 cbBTC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/5f17547a0a4b62d2036e9dfff35b8444d6269293.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 100.00% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 84.68% | | USDC | 34.00M | 36.40M | 0.95% | 1.25% | 70.14% | | DAI | 4.50M | 4.80M | 0.54% | 0.78% | 65.35% | | USDT | 18.40M | 22.60M | 0.13% | 0.16% | 64.96% | | WETH | 30.00K | 32.00K | 1.30% | 2.36% | 40.57% | | weETH | 0.00 | 90.00 | 0.00% | 10.16% | 14.15% | | rETH | 0.00 | 750.00 | 0.00% | 2.24% | 13.86% | | OP | 650.00K | 5.60M | 14.53% | 13.16% | 12.82% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% | | wstETH | 0.00 | 5.00K | 0.00% | 2.13% | 3.30% | | VELO | 6.00M | 80.00M | 31.03% | 88.53% | 2.63% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,225.00 | 2.32047712 | $513.59 | 0.2805 | | wstETH | $2,702.00 | 1.39779121 | $4,134.04 | 2.1271 | | cbETH | $340.00 | 0.1922469 | $16.55 | 0.0093 | | WETH | $56.00 | 0.0362381 | $48,717.48 | 31.0257 | | VELO | $27.00 | 1459.19960985 | $11,238.53 | 591501.5663 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 100.00% to 100.00% | | USDT0 | +0% from 43.88K USDT0 to 43.95K USDT0 | -0% from 51.82K USDT0 to 51.79K USDT0 | +0% from 84.68% to 84.86% | | USDC | **-41% from 484.17K USDC to 285.05K USDC** | **-41% from 654.59K USDC to 383.21K USDC** | +1% from 73.97% to 74.39% | | DAI | +0% from 24.38K DAI to 24.43K DAI | -10% from 38.83K DAI to 35.12K DAI | +11% from 62.78% to 69.55% | | USDT | -19% from 23.45K USDT to 19.05K USDT | -2% from 36.86K USDT to 36.08K USDT | -17% from 63.62% to 52.81% | | WETH | **-85% from 778.35 WETH to 113.86 WETH** | **-61% from 1.14K WETH to 449.04 WETH** | **-63% from 68.05% to 25.36%** | | weETH | +0% from 1.29 weETH to 1.29 weETH | -0% from 9.15 weETH to 9.15 weETH | +0% from 14.13% to 14.15% | | rETH | 0% from 2.32 rETH to 2.32 rETH | 0% from 16.77 rETH to 16.77 rETH | 0% from 13.86% to 13.86% | | OP | -11% from 96.81K OP to 86.64K OP | -0% from 738.67K OP to 736.59K OP | -10% from 13.11% to 11.76% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.49% to 9.49% | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | +29% from 106.83 wstETH to 138.24 wstETH | -23% from 3.29% to 2.55% | | VELO | -6% from 1.94M VELO to 1.82M VELO | +0% from 70.75M VELO to 71.08M VELO | -7% from 2.74% to 2.56% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.39 wrsETH to 12.39 wrsETH | 0% from 2.23% to 2.23% | ### Notable Trends - WETH supply -61% (1.14K → 449.04 WETH) - WETH borrows -85% (778.35 → 113.86 WETH) - USDC supply -41% (654.59K → 383.21K USDC) - USDC borrows -41% (484.17K → 285.05K USDC) - wstETH supply +29% (106.83 → 138.24 wstETH) ### Liquidations - **Total liquidations:** 9 - **Total Collateral Seized (USD):** $5,425.34 - **Total Debt Repaid (USD):** $4,932.13 - **Total Liquidation Bonus (USD):** $493.21 - **Total Liquidator Bonus (USD):** $345.25 - **Total Protocol Bonus (USD):** $147.96 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 5,287.166400 | $5,285.65 | $4,805.13 | $480.51 | $336.36 | $144.15 | 7 | | WETH | 0.080438 | $139.70 | $127.00 | $12.70 | $8.89 | $3.81 | 2 | ## Moonbeam ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/df73a91d16dd384426520f5758e3359c2c289a7a.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14521.50M% | 100.00% | | xcUSDT | 0.10 | 11.00M% | 14.10% | | xcUSDC | 0.10 | 5.15M% | 12.19% | | USDC.wh | 0.10 | 6.35M% | 6.77% | | ETH.wh | 0.10 | 824.37% | 3.32% | | BTC.wh | 0.10 | 11.91% | 1.17% | | xcDOT | 0.10 | 3.30M% | 0.31% | | FRAX | 0.10 | 68.65K% | 0.18% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $123,293.00 | 14409223.84721585 | $47,933.47 | 5325941.1701 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.52M GLMR to 14.53M GLMR | +0% from 14.52M GLMR to 14.53M GLMR | -0% from 100.00% to 100.00% | | xcUSDT | -0% from 11.00K xcUSDT to 10.98K xcUSDT | +0% from 77.98K xcUSDT to 77.99K xcUSDT | -0% from 14.11% to 14.07% | | xcUSDC | -25% from 5.42K xcUSDC to 4.04K xcUSDC | -0% from 42.26K xcUSDC to 42.13K xcUSDC | -25% from 12.82% to 9.60% | | USDC.wh | -6% from 6.46K USDC.wh to 6.05K USDC.wh | -0% from 93.97K USDC.wh to 93.71K USDC.wh | -6% from 6.87% to 6.45% | | ETH.wh | +0% from 0.82 ETH.wh to 0.83 ETH.wh | -0% from 24.87 ETH.wh to 24.85 ETH.wh | +0% from 3.31% to 3.32% | | BTC.wh | -11% from 0.01 BTC.wh to 0.01 BTC.wh | -0% from 1.02 BTC.wh to 1.02 BTC.wh | -11% from 1.18% to 1.05% | | xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | -0% from 1.07M xcDOT to 1.06M xcDOT | +0% from 0.31% to 0.31% | | FRAX | -8% from 68.80 FRAX to 63.33 FRAX | -0% from 37.53K FRAX to 37.52K FRAX | -8% from 0.18% to 0.17% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [July 3, 2026, 1:38am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/73 "2026-07-03T01:38:47Z")
# Weekly Update (6/26/26 - 7/2/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 6/26/26 to 7/2/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![base](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/c/ce2f48abd12aa6b985004b3666ac4ec765d5784d.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.20% | 100.00% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 28.32% | 99.82% | | USDC | 184.00M | 200.00M | 7.46% | 7.75% | 88.52% | | WETH | 64.00K | 96.00K | 6.30% | 5.04% | 83.45% | | EURC | 21.00M | 21.90M | 2.27% | 3.09% | 70.77% | | USDS | 690.00K | 750.00K | 1.38% | 2.02% | 65.59% | | DAI | 300.00K | 400.00K | 4.32% | 5.69% | 56.95% | | cbXRP | 0.00 | 5.00M | 0.00% | 48.44% | 33.01% | | AERO | 7.50M | 70.00M | 55.89% | 32.29% | 18.66% | | MAMO | 3.00M | 20.00M | 22.19% | 22.26% | 15.31% | | WELL | 34.00M | 250.00M | 69.73% | 71.25% | 13.31% | | cbBTC | 90.00 | 1.50K | 25.62% | 12.61% | 12.19% | | USDbC | 1.00 | 1.00 | 89.50K% | 802.72K% | 11.15% | | LBTC | 10.00 | 95.00 | 60.07% | 59.44% | 10.64% | | tBTC | 5.00 | 50.00 | 1.86% | 1.76% | 10.60% | | wstETH | 500.00 | 14.40K | 21.02% | 8.06% | 9.06% | | MORPHO | 100.00K | 6.00M | 177.52% | 93.94% | 3.15% | | VVV | 1.00K | 170.00K | 100.00% | 28.58% | 2.06% | | rETH | 200.00 | 2.60K | 4.90% | 28.18% | 1.34% | | weETH | 0.00 | 5.40K | 0.00% | 1.17% | 0.35% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,296,600.82 | 674.17552303 | $3,529.53 | 1.8345 | | cbXRP | $805,673.51 | 747332.374059 | $1,388.19 | 1281.8028 | | VIRTUAL | $697,098.63 | 1258531.86937201 | $10,097.02 | 18324.909 | | WETH | $273,984.51 | 161.55290226 | $2,220.33 | 1.3087 | | MORPHO | $212,752.28 | 104958.46454436 | $190.41 | 91.7631 | | EURC | $164,286.93 | 143524.435992 | $649.06 | 566.8606 | | USDC | $154,016.04 | 154056.105391 | $7,589.42 | 7589.4224 | | wstETH | $97,716.10 | 46.53384658 | $1,391.29 | 0.6623 | | AERO | $79,940.58 | 159024.42206202 | $904.16 | 1769.4007 | | cbBTC | $2,459.22 | 0.04001433 | $10,210.05 | 0.1661 | | DAI | $1,540.35 | 1540.97176122 | $2,048.36 | 2048.3586 | | USDS | $1,071.53 | 1071.78534243 | $185.09 | 185.0909 | | tBTC | $746.51 | 0.01212599 | $5,405.28 | 0.0878 | | WELL | $86.40 | 23690.10792273 | $11,572.89 | 2893221.8368 | | weETH | $6.18 | 0.00331838 | $96.10 | 0.0516 | | rETH | $1.87 | 0.00094275 | $1,202.92 | 0.6078 | | LBTC | $0.97 | 0.00001578 | $6.17 | 0.0001 | | wrsETH | $0.86 | 0.00047019 | $2,142.30 | 1.1746 | | MAMO | $0.38 | 45.52391618 | $242.94 | 30366.8915 | | USDbC | $0.03 | 0.033604 | $3.78 | 3.7757 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.86 cbETH to 687.98 cbETH | +0% from 687.86 cbETH to 687.98 cbETH | -0% from 100.00% to 100.00% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -0% from 100.00% to 100.00% | | USDC | -2% from 13.81M USDC to 13.58M USDC | +2% from 15.19M USDC to 15.54M USDC | -4% from 90.91% to 87.38% | | WETH | +2% from 3.97K WETH to 4.03K WETH | +7% from 4.75K WETH to 5.08K WETH | -5% from 83.48% to 79.25% | | EURC | +0% from 475.94K EURC to 477.50K EURC | +26% from 582.85K EURC to 735.43K EURC | -20% from 81.66% to 64.93% | | USDS | +0% from 9.49K USDS to 9.49K USDS | +36% from 11.20K USDS to 15.21K USDS | -26% from 84.73% to 62.41% | | DAI | +7% from 12.28K DAI to 13.18K DAI | +0% from 22.75K DAI to 22.77K DAI | +7% from 54.00% to 57.88% | | cbXRP | -1% from 802.94K cbXRP to 792.23K cbXRP | -0% from 2.42M cbXRP to 2.41M cbXRP | -1% from 33.25% to 32.87% | | AERO | +17% from 4.00M AERO to 4.67M AERO | -11% from 23.75M AERO to 21.10M AERO | +31% from 16.83% to 22.12% | | MAMO | **+253% from 407.24K MAMO to 1.44M MAMO** | -16% from 4.53M MAMO to 3.82M MAMO | **+318% from 9.00% to 37.66%** | | WELL | +1% from 23.38M WELL to 23.70M WELL | -0% from 178.37M WELL to 177.71M WELL | +2% from 13.10% to 13.34% | | cbBTC | **+74% from 16.68 cbBTC to 29.00 cbBTC** | +0% from 189.33 cbBTC to 190.10 cbBTC | **+73% from 8.81% to 15.25%** | | USDbC | -0% from 895.25 USDbC to 894.80 USDbC | -0% from 8.03K USDbC to 8.03K USDbC | -0% from 11.15% to 11.15% | | LBTC | +14% from 5.46 LBTC to 6.21 LBTC | -0% from 56.46 LBTC to 56.36 LBTC | +14% from 9.67% to 11.02% | | tBTC | -27% from 0.11 tBTC to 0.08 tBTC | +1% from 0.88 tBTC to 0.88 tBTC | -27% from 12.04% to 8.79% | | wstETH | -0% from 105.22 wstETH to 105.05 wstETH | -0% from 1.16K wstETH to 1.16K wstETH | +0% from 9.06% to 9.08% | | MORPHO | -6% from 180.47K MORPHO to 170.40K MORPHO | +0% from 5.64M MORPHO to 5.64M MORPHO | -6% from 3.20% to 3.02% | | VVV | +0% from 1.00K VVV to 1.00K VVV | -1% from 49.09K VVV to 48.79K VVV | +1% from 2.04% to 2.05% | | rETH | +0% from 9.80 rETH to 9.80 rETH | -1% from 733.92 rETH to 729.89 rETH | +1% from 1.33% to 1.34% | | weETH | 0% from 0.22 weETH to 0.22 weETH | -5% from 64.91 weETH to 61.60 weETH | +5% from 0.34% to 0.36% | | wrsETH | -36% from 0.01 wrsETH to 0.01 wrsETH | -0% from 29.30 wrsETH to 29.29 wrsETH | -35% from 0.05% to 0.03% | ### Notable Trends - AERO supply -11% (23.75M → 21.10M AERO) - cbBTC borrows +74% (16.68 → 29.00 cbBTC) - WETH supply +7% (4.75K → 5.08K WETH) - AERO borrows +17% (4.00M → 4.67M AERO) ### Liquidations - **Total liquidations:** 69 - **Total Collateral Seized (USD):** $5,394.25 - **Total Debt Repaid (USD):** $4,903.86 - **Total Liquidation Bonus (USD):** $490.39 - **Total Liquidator Bonus (USD):** $343.27 - **Total Protocol Bonus (USD):** $147.12 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbBTC | 0.068140 | $3,947.57 | $3,588.70 | $358.87 | $251.21 | $107.66 | 19 | | USDC | 1,033.128596 | $1,032.76 | $938.87 | $93.89 | $65.72 | $28.17 | 14 | | WETH | 0.123423 | $194.34 | $176.67 | $17.67 | $12.37 | $5.30 | 17 | | rETH | 0.093423 | $170.85 | $155.31 | $15.53 | $10.87 | $4.66 | 2 | | MORPHO | 20.680363 | $35.60 | $32.37 | $3.24 | $2.27 | $0.97 | 2 | | wrsETH | 0.005648 | $9.54 | $8.67 | $0.87 | $0.61 | $0.26 | 1 | | cbETH | 0.000943 | $1.68 | $1.52 | $0.15 | $0.11 | $0.05 | 1 | | cbXRP | 0.518131 | $0.56 | $0.50 | $0.05 | $0.04 | $0.02 | 4 | | USDbC | 0.547533 | $0.55 | $0.50 | $0.05 | $0.03 | $0.01 | 4 | | tBTC | 0.000006 | $0.37 | $0.34 | $0.03 | $0.02 | $0.01 | 1 | | wstETH | 0.000115 | $0.23 | $0.21 | $0.02 | $0.01 | $0.01 | 2 | | AERO | 0.438885 | $0.22 | $0.20 | $0.02 | $0.01 | $0.01 | 2 | ## Ethereum ![eth](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/80f4b6628b414ef78353a8a8c69b038802704de8.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 1.31% | 1.98% | 44.23% | | cbBTC | 600.00 | 1.00K | 0.40% | 0.79% | 30.75% | | USDT | 180.00M | 200.00M | 0.03% | 0.33% | 8.32% | | USDC | 180.00M | 200.00M | 0.03% | 0.35% | 8.18% | ### Bad Debt & Reserves No positions with health factor below 0.5 on this chain. ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +21% from 249.16 WETH to 301.71 WETH | +10% from 575.33 WETH to 632.61 WETH | +10% from 43.31% to 47.69% | | cbBTC | **+43% from 2.30 cbBTC to 3.30 cbBTC** | +2% from 7.78 cbBTC to 7.97 cbBTC | **+40% from 29.56% to 41.43%** | | USDT | +23% from 52.26K USDT to 64.32K USDT | +30% from 599.24K USDT to 779.47K USDT | -5% from 8.72% to 8.25% | | USDC | +9% from 54.79K USDC to 59.69K USDC | +5% from 716.12K USDC to 749.62K USDC | +4% from 7.65% to 7.96% | ### Notable Trends - USDT supply +30% (599.24K → 779.47K USDT) - WETH supply +10% (575.33 → 632.61 WETH) - WETH borrows +21% (249.16 → 301.71 WETH) - cbBTC borrows +43% (2.30 → 3.30 cbBTC\*\*) - USDT borrows +23% (52.26K → 64.32K USDT) ### Liquidations No liquidation events this week. ## OP Mainnet ![op](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0de390bc4e46a345c412851bb90c8870383c0c95.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.99% | | USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 84.68% | | USDC | 34.00M | 36.40M | 1.20% | 1.46% | 76.74% | | DAI | 4.50M | 4.80M | 0.43% | 0.55% | 72.39% | | USDT | 18.40M | 22.60M | 0.18% | 0.23% | 62.41% | | WETH | 30.00K | 32.00K | 0.39% | 1.39% | 26.22% | | weETH | 0.00 | 90.00 | 0.00% | 10.16% | 14.15% | | rETH | 0.00 | 750.00 | 0.00% | 2.23% | 13.89% | | OP | 650.00K | 5.60M | 13.29% | 13.14% | 11.74% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 11.67% | | VELO | 6.00M | 80.00M | 35.04% | 90.20% | 2.92% | | wstETH | 0.00 | 5.00K | 0.00% | 2.74% | 2.57% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.23% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,588.00 | 2.3218225 | $555.38 | 0.2806 | | wstETH | $2,932.00 | 1.39782978 | $4,469.17 | 2.1271 | | cbETH | $369.00 | 0.19228614 | $17.89 | 0.0093 | | WETH | $61.00 | 0.03622491 | $52,642.96 | 31.0266 | | VELO | $31.00 | 1459.63914061 | $13,018.63 | 591755.7806 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | -0% from 100.00% to 99.98% | | USDT0 | +0% from 43.95K USDT0 to 44.04K USDT0 | +20% from 51.79K USDT0 to 61.90K USDT0 | -16% from 84.86% to 71.15% | | USDC | **+69% from 285.14K USDC to 483.08K USDC** | **+78% from 383.46K USDC to 681.79K USDC** | -5% from 74.36% to 70.85% | | DAI | -28% from 24.43K DAI to 17.55K DAI | -25% from 32.81K DAI to 24.47K DAI | -4% from 74.46% to 71.71% | | USDT | **+95% from 19.05K USDT to 37.24K USDT** | **+60% from 36.08K USDT to 57.75K USDT** | +22% from 52.81% to 64.48% | | WETH | +7% from 113.86 WETH to 121.89 WETH | +0% from 448.17 WETH to 450.00 WETH | +7% from 25.41% to 27.09% | | weETH | +0% from 1.29 weETH to 1.29 weETH | +0% from 9.15 weETH to 9.15 weETH | +0% from 14.15% to 14.15% | | rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 16.77 rETH to 16.73 rETH | +0% from 13.86% to 13.90% | | OP | -0% from 86.43K OP to 86.39K OP | +0% from 735.55K OP to 739.09K OP | -1% from 11.75% to 11.69% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | -24% from 0.01 WBTC to 0.00 WBTC | +31% from 9.49% to 12.41% | | VELO | **+219% from 1.72M VELO to 5.49M VELO** | +0% from 71.74M VELO to 71.99M VELO | **+218% from 2.39% to 7.63%** | | wstETH | 0% from 3.52 wstETH to 3.52 wstETH | +1% from 136.24 wstETH to 137.37 wstETH | -1% from 2.58% to 2.56% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.39 wrsETH to 12.39 wrsETH | +0% from 2.23% to 2.23% | ### Notable Trends - USDC supply +78% (383.46K → 681.79K USDC) - USDC borrows +69% (285.14K → 483.08K USDC) - VELO borrows +219% (1.72M → 5.49M VELO) - USDT supply +60% (36.08K → 57.75K USDT) - USDT borrows +95% (19.05K → 37.24K USDT) ### Liquidations - **Total liquidations:** 69 - **Total Collateral Seized (USD):** $1.43 - **Total Debt Repaid (USD):** $1.30 - **Total Liquidation Bonus (USD):** $0.13 - **Total Liquidator Bonus (USD):** $0.09 - **Total Protocol Bonus (USD):** $0.04 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | OP | 3.892744 | $0.39 | $0.35 | $0.04 | $0.02 | $0.01 | 20 | | USDT0 | 0.355298 | $0.35 | $0.32 | $0.03 | $0.02 | $0.01 | 14 | | wrsETH | 0.000097 | $0.16 | $0.15 | $0.01 | $0.01 | $0.00 | 9 | | USDT | 0.111259 | $0.11 | $0.10 | $0.01 | $0.01 | $0.00 | 2 | | rETH | 0.000048 | $0.09 | $0.08 | $0.01 | $0.01 | $0.00 | 4 | | USDC | 0.081039 | $0.08 | $0.07 | $0.01 | $0.01 | $0.00 | 3 | | wstETH | 0.000033 | $0.06 | $0.06 | $0.01 | $0.00 | $0.00 | 3 | | DAI | 0.060590 | $0.06 | $0.06 | $0.01 | $0.00 | $0.00 | 1 | | cbETH | 0.000026 | $0.05 | $0.04 | $0.00 | $0.00 | $0.00 | 5 | | weETH | 0.000022 | $0.04 | $0.03 | $0.00 | $0.00 | $0.00 | 4 | | VELO | 0.810114 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | 3 | | WBTC | 0.000000 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | 1 | ## Moonbeam ![moonbeam](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/b/bc67cd05e7a5c9e6c67bac13750676422797533c.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14526.37M% | 100.00% | | xcUSDT | 0.10 | 10.96M% | 14.08% | | xcUSDC | 0.10 | 3.84M% | 9.12% | | USDC.wh | 0.10 | 5.98M% | 6.38% | | ETH.wh | 0.10 | 825.25% | 3.32% | | BTC.wh | 0.10 | 10.75% | 1.06% | | xcDOT | 0.10 | 3.30M% | 0.31% | | FRAX | 0.10 | 63.33K% | 0.17% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $120,289.00 | 14412131.21675916 | $42,696.85 | 5337105.8996 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 100.00% to 100.00% | | xcUSDT | -1% from 10.98K xcUSDT to 10.87K xcUSDT | -1% from 77.99K xcUSDT to 77.18K xcUSDT | +0% from 14.07% to 14.09% | | xcUSDC | -9% from 4.04K xcUSDC to 3.69K xcUSDC | -0% from 42.13K xcUSDC to 42.12K xcUSDC | -9% from 9.60% to 8.75% | | USDC.wh | -2% from 6.04K USDC.wh to 5.90K USDC.wh | +0% from 93.71K USDC.wh to 93.71K USDC.wh | -2% from 6.44% to 6.30% | | ETH.wh | +0% from 0.83 ETH.wh to 0.83 ETH.wh | +0% from 24.85 ETH.wh to 24.86 ETH.wh | +0% from 3.32% to 3.32% | | BTC.wh | +2% from 0.01 BTC.wh to 0.01 BTC.wh | 0% from 1.02 BTC.wh to 1.02 BTC.wh | +2% from 1.05% to 1.07% | | xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | -0% from 1.06M xcDOT to 1.06M xcDOT | +0% from 0.31% to 0.31% | | FRAX | 0% from 63.33 FRAX to 63.33 FRAX | 0% from 37.52K FRAX to 37.52K FRAX | 0% from 0.17% to 0.17% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [July 10, 2026, 3:40am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/74 "2026-07-10T03:40:03Z")
# Weekly Update (7/3/26 - 7/9/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 7/3/26 to 7/9/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/e/e0fe85d019eedf46eca2f1ac08d2c4306369ee30.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.20% | 100.00% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 28.29% | 99.94% | | USDC | 184.00M | 200.00M | 7.41% | 8.13% | 83.90% | | WETH | 64.00K | 96.00K | 6.19% | 5.24% | 78.90% | | EURC | 21.00M | 21.90M | 2.26% | 2.95% | 74.90% | | USDS | 690.00K | 750.00K | 1.43% | 2.02% | 65.12% | | DAI | 300.00K | 400.00K | 4.36% | 5.70% | 57.42% | | MAMO | 3.00M | 20.00M | 51.41% | 14.94% | 53.68% | | cbXRP | 0.00 | 5.00M | 0.00% | 48.25% | 32.84% | | AERO | 7.50M | 70.00M | 68.79% | 30.49% | 24.24% | | cbBTC | 90.00 | 1.50K | 29.62% | 12.58% | 14.13% | | WELL | 34.00M | 250.00M | 69.48% | 71.12% | 13.29% | | USDbC | 1.00 | 1.00 | 89.48K% | 802.61K% | 11.15% | | LBTC | 10.00 | 95.00 | 59.83% | 59.38% | 10.61% | | tBTC | 5.00 | 50.00 | 1.84% | 1.77% | 10.42% | | wstETH | 500.00 | 14.40K | 22.12% | 8.05% | 9.54% | | MORPHO | 100.00K | 6.00M | 170.18% | 93.96% | 3.02% | | VVV | 1.00K | 170.00K | 100.01% | 36.66% | 1.65% | | rETH | 200.00 | 2.60K | 4.90% | 28.07% | 1.34% | | weETH | 0.00 | 5.40K | 0.00% | 1.09% | 0.38% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,337,416.96 | 674.30567465 | $3,891.94 | 1.9651 | | cbXRP | $819,923.74 | 747473.545382 | $1,565.00 | 1426.6191 | | VIRTUAL | $672,120.76 | 1258773.98274948 | $9,803.53 | 18567.2832 | | WETH | $282,418.97 | 161.55234273 | $2,441.79 | 1.3988 | | MORPHO | $234,349.01 | 104972.79231865 | $225.89 | 100.8894 | | EURC | $163,977.28 | 143636.989159 | $703.67 | 616.1733 | | USDC | $154,125.79 | 154171.436456 | $9,014.05 | 9014.0471 | | wstETH | $100,797.22 | 46.53911456 | $1,436.27 | 0.6641 | | AERO | $82,818.95 | 159195.31347068 | $1,924.58 | 3701.1206 | | cbBTC | $2,534.19 | 0.04002101 | $10,925.68 | 0.1728 | | DAI | $1,544.85 | 1545.4450464 | $2,087.43 | 2087.4326 | | USDS | $1,072.56 | 1072.88408377 | $186.18 | 186.1774 | | tBTC | $767.40 | 0.01212694 | $5,556.05 | 0.0878 | | WELL | $84.82 | 23703.91601866 | $11,586.99 | 2896747.0684 | | weETH | $6.37 | 0.00331841 | $98.95 | 0.0516 | | rETH | $1.93 | 0.00094277 | $1,238.22 | 0.6078 | | LBTC | $1.00 | 0.00001578 | $12.70 | 0.0002 | | wrsETH | $0.88 | 0.00047019 | $2,205.24 | 1.1746 | | MAMO | $0.41 | 45.77159177 | $305.96 | 33995.9494 | | USDbC | $0.03 | 0.033607 | $3.85 | 3.849 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.98 cbETH to 688.10 cbETH | +0% from 687.98 cbETH to 688.10 cbETH | -0% from 100.00% to 100.00% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 100.00% to 100.00% | | USDC | +2% from 13.58M USDC to 13.89M USDC | +7% from 15.54M USDC to 16.64M USDC | -4% from 87.38% to 83.45% | | WETH | -2% from 4.03K WETH to 3.93K WETH | -9% from 5.08K WETH to 4.61K WETH | +8% from 79.25% to 85.21% | | EURC | -1% from 477.50K EURC to 474.62K EURC | -28% from 735.43K EURC to 532.05K EURC | +37% from 64.93% to 89.20% | | USDS | +8% from 9.49K USDS to 10.26K USDS | -1% from 15.21K USDS to 15.13K USDS | +9% from 62.41% to 67.82% | | DAI | -2% from 13.18K DAI to 12.97K DAI | +0% from 22.77K DAI to 22.80K DAI | -2% from 57.88% to 56.88% | | MAMO | **+66% from 1.44M MAMO to 2.39M MAMO** | -4% from 3.82M MAMO to 3.67M MAMO | **+73% from 37.66% to 65.11%** | | cbXRP | -0% from 792.23K cbXRP to 792.22K cbXRP | -0% from 2.41M cbXRP to 2.41M cbXRP | +0% from 32.87% to 32.90% | | AERO | -4% from 4.67M AERO to 4.48M AERO | +9% from 21.10M AERO to 22.92M AERO | -12% from 22.12% to 19.55% | | cbBTC | +2% from 29.00 cbBTC to 29.48 cbBTC | -2% from 190.10 cbBTC to 186.73 cbBTC | +4% from 15.25% to 15.79% | | WELL | -1% from 23.70M WELL to 23.58M WELL | +0% from 177.71M WELL to 177.83M WELL | -1% from 13.34% to 13.26% | | USDbC | +0% from 894.80 USDbC to 894.87 USDbC | -0% from 8.03K USDbC to 8.03K USDbC | +0% from 11.15% to 11.15% | | LBTC | -4% from 6.21 LBTC to 5.95 LBTC | +0% from 56.36 LBTC to 56.37 LBTC | -4% from 11.02% to 10.56% | | tBTC | +22% from 0.08 tBTC to 0.10 tBTC | 0% from 0.88 tBTC to 0.88 tBTC | +22% from 8.79% to 10.76% | | wstETH | +12% from 105.05 wstETH to 117.29 wstETH | +0% from 1.16K wstETH to 1.16K wstETH | +11% from 9.08% to 10.12% | | MORPHO | -0% from 170.40K MORPHO to 170.13K MORPHO | -0% from 5.64M MORPHO to 5.64M MORPHO | -0% from 3.02% to 3.02% | | VVV | +0% from 1.00K VVV to 1.00K VVV | **+45% from 48.79K VVV to 70.79K VVV** | -31% from 2.05% to 1.41% | | rETH | +0% from 9.80 rETH to 9.80 rETH | -0% from 729.89 rETH to 729.19 rETH | +0% from 1.34% to 1.34% | | weETH | 0% from 0.22 weETH to 0.22 weETH | -6% from 61.60 weETH to 58.13 weETH | +6% from 0.36% to 0.39% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - USDC supply +7% (15.54M → 16.64M USDC) - AERO supply +9% (21.10M → 22.92M AERO) - WETH supply -9% (5.08K → 4.61K WETH) - VVV supply +45% (48.79K → 70.79K VVV) - EURC supply -28% (735.43K → 532.05K EURC) ### Liquidations - **Total liquidations:** 55 - **Total Collateral Seized (USD):** $11,666.19 - **Total Debt Repaid (USD):** $10,605.62 - **Total Liquidation Bonus (USD):** $1,060.56 - **Total Liquidator Bonus (USD):** $742.39 - **Total Protocol Bonus (USD):** $318.17 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbBTC | 0.119052 | $7,508.65 | $6,826.04 | $682.60 | $477.82 | $204.78 | 8 | | USDC | 3,623.454353 | $3,622.52 | $3,293.20 | $329.32 | $230.52 | $98.80 | 18 | | EURC | 347.154113 | $396.80 | $360.73 | $36.07 | $25.25 | $10.82 | 3 | | WETH | 0.041896 | $74.37 | $67.61 | $6.76 | $4.73 | $2.03 | 10 | | AERO | 62.276200 | $34.63 | $31.49 | $3.15 | $2.20 | $0.94 | 2 | | VVV | 1.872258 | $23.51 | $21.37 | $2.14 | $1.50 | $0.64 | 3 | | USDS | 2.768140 | $2.77 | $2.52 | $0.25 | $0.18 | $0.08 | 1 | | VIRTUAL | 3.931790 | $2.15 | $1.95 | $0.20 | $0.14 | $0.06 | 2 | | wstETH | 0.000359 | $0.79 | $0.72 | $0.07 | $0.05 | $0.02 | 2 | | cbETH | 0.000002 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 6 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0a134b94619c29a0ae57b1025e4e7b210feb33b7.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDT0 | 8.00M | 10.00M | 0.51% | 0.54% | 76.49% | | USDC | 34.00M | 36.40M | 1.51% | 1.93% | 73.17% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.71% | | USDT | 18.40M | 22.60M | 0.18% | 0.25% | 59.05% | | WETH | 30.00K | 32.00K | 0.49% | 1.38% | 33.20% | | rETH | 0.00 | 750.00 | 0.00% | 2.17% | 14.47% | | weETH | 0.00 | 90.00 | 0.00% | 10.16% | 14.15% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 12.41% | | OP | 650.00K | 5.60M | 13.68% | 13.20% | 12.03% | | VELO | 6.00M | 80.00M | 85.68% | 90.45% | 7.11% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.77% | | wstETH | 0.00 | 5.00K | 0.00% | 3.31% | 2.13% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,731.00 | 2.32210264 | $571.38 | 0.2806 | | wstETH | $3,023.00 | 1.39787065 | $4,597.85 | 2.1271 | | cbETH | $381.00 | 0.19228614 | $18.41 | 0.0093 | | WETH | $63.00 | 0.03622834 | $54,140.70 | 31.0293 | | VELO | $32.00 | 1460.37876112 | $13,033.22 | 592419.3052 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDT0 | -9% from 44.04K USDT0 to 39.87K USDT0 | +2% from 61.90K USDT0 to 62.93K USDT0 | -11% from 71.15% to 63.35% | | USDC | -4% from 483.08K USDC to 461.81K USDC | -12% from 681.79K USDC to 597.55K USDC | +9% from 70.85% to 77.28% | | DAI | +0% from 17.55K DAI to 17.56K DAI | +0% from 24.47K DAI to 24.49K DAI | +0% from 71.71% to 71.72% | | USDT | -14% from 37.24K USDT to 32.16K USDT | -12% from 57.75K USDT to 51.11K USDT | -2% from 64.48% to 62.93% | | WETH | +16% from 121.89 WETH to 141.90 WETH | -3% from 450.14 WETH to 437.59 WETH | +20% from 27.08% to 32.43% | | rETH | +0% from 2.32 rETH to 2.33 rETH | +0% from 16.73 rETH to 16.73 rETH | +0% from 13.90% to 13.90% | | weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 9.15 weETH to 9.15 weETH | 0% from 14.15% to 14.15% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 12.41% to 12.41% | | OP | +6% from 86.39K OP to 91.82K OP | +0% from 739.09K OP to 740.39K OP | +6% from 11.69% to 12.40% | | VELO | **-64% from 5.49M VELO to 1.95M VELO** | +1% from 72.00M VELO to 72.88M VELO | **-65% from 7.62% to 2.68%** | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | **-85% from 12.39 wrsETH to 1.83 wrsETH** | **+577% from 2.23% to 15.12%** | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | +23% from 137.37 wstETH to 168.69 wstETH | -19% from 2.56% to 2.09% | ### Notable Trends - USDC supply -12% (681.79K → 597.55K USDC) - VELO borrows -64% (5.49M → 1.95M VELO) - wstETH supply +23% (137.37 → 168.69 wstETH) - WETH borrows +16% (121.89 → 141.90 WETH) ### Liquidations - **Total liquidations:** 22 - **Total Collateral Seized (USD):** $135.68 - **Total Debt Repaid (USD):** $123.35 - **Total Liquidation Bonus (USD):** $12.33 - **Total Liquidator Bonus (USD):** $8.63 - **Total Protocol Bonus (USD):** $3.70 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | WETH | 0.041023 | $72.69 | $66.08 | $6.61 | $4.63 | $1.98 | 2 | | USDC | 54.678014 | $54.66 | $49.69 | $4.97 | $3.48 | $1.49 | 17 | | VELO | 217.083000 | $4.79 | $4.35 | $0.44 | $0.30 | $0.13 | 1 | | USDT0 | 3.545945 | $3.54 | $3.22 | $0.32 | $0.23 | $0.10 | 2 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/d/d237442065b3921f7021ecec1b3ec2831d562f2d.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14529.02M% | 100.00% | | xcUSDT | 0.10 | 9.99M% | 13.02% | | xcUSDC | 0.10 | 2.92M% | 7.01% | | USDC.wh | 0.10 | 5.90M% | 6.30% | | ETH.wh | 0.10 | 822.44% | 3.31% | | BTC.wh | 0.10 | 17.23% | 1.73% | | xcDOT | 0.10 | 3.22M% | 0.43% | | FRAX | 0.10 | 63.33K% | 0.17% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $126,195.00 | 14433602.91746814 | $48,052.05 | 5339116.627 | | USDC.wh | $8.00 | 5.869197 | $60,702.23 | 60702.2324 | | xcUSDT | $6.00 | 5.606679 | $32,007.24 | 32039.2788 | | BTC.wh | $1.00 | 0.00001286 | $25,291.36 | 0.4011 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 100.00% to 100.00% | | xcUSDT | -10% from 10.87K xcUSDT to 9.81K xcUSDT | -1% from 77.18K xcUSDT to 76.50K xcUSDT | -9% from 14.09% to 12.83% | | xcUSDC | -30% from 3.69K xcUSDC to 2.57K xcUSDC | -2% from 42.12K xcUSDC to 41.20K xcUSDC | -29% from 8.75% to 6.25% | | USDC.wh | -0% from 5.90K USDC.wh to 5.88K USDC.wh | -0% from 93.71K USDC.wh to 93.70K USDC.wh | -0% from 6.30% to 6.28% | | ETH.wh | -2% from 0.83 ETH.wh to 0.81 ETH.wh | -0% from 24.86 ETH.wh to 24.85 ETH.wh | -2% from 3.32% to 3.25% | | BTC.wh | **+109% from 0.01 BTC.wh to 0.02 BTC.wh** | -2% from 1.02 BTC.wh to 1.00 BTC.wh | **+113% from 1.07% to 2.28%** | | xcDOT | -10% from 3.30K xcDOT to 2.97K xcDOT | **-51% from 1.06M xcDOT to 516.37K xcDOT** | **+85% from 0.31% to 0.57%** | | FRAX | +0% from 63.33 FRAX to 63.33 FRAX | +0% from 37.52K FRAX to 37.53K FRAX | -0% from 0.17% to 0.17% | ### Notable Trends - xcDOT supply -51% (1.06M → 516.37K xcDOT) ### Liquidations No liquidation events this week. ## Ethereum ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/f/f9784c6825a28562263142776737c9dafcb05231.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 1.91% | 2.39% | 53.29% | | cbBTC | 600.00 | 1.00K | 0.55% | 1.15% | 29.18% | | USDT | 180.00M | 200.00M | 0.03% | 0.36% | 8.25% | | USDC | 180.00M | 200.00M | 0.04% | 0.40% | 8.10% | ### Bad Debt & Reserves No positions with health factor below 0.5 on this chain. ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +33% from 301.71 WETH to 401.80 WETH | +17% from 632.61 WETH to 737.45 WETH | +14% from 47.69% to 54.49% | | cbBTC | +0% from 3.30 cbBTC to 3.30 cbBTC | **+52% from 7.97 cbBTC to 12.11 cbBTC** | -34% from 41.43% to 27.27% | | USDT | -15% from 64.32K USDT to 54.94K USDT | -18% from 779.47K USDT to 636.58K USDT | +5% from 8.25% to 8.63% | | USDC | +27% from 59.69K USDC to 75.88K USDC | +2% from 749.62K USDC to 767.08K USDC | +24% from 7.96% to 9.89% | ### Notable Trends - cbBTC supply +52% (7.97 → 12.11 cbBTC) - WETH supply +17% (632.61 → 737.45 WETH) - WETH borrows +33% (301.71 → 401.80 WETH) - USDT supply -18% (779.47K → 636.58K USDT) - USDC borrows +27% (59.69K → 75.88K USDC) ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [July 17, 2026, 12:47am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/75 "2026-07-17T00:47:24Z")
# Weekly Update (7/10/26 - 7/16/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 7/10/26 to 7/16/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/7762706b8eb08860ffc46cbe6ee24f08d23d4dab.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.18% | 100.00% | | WETH | 64.00K | 96.00K | 6.14% | 4.74% | 86.40% | | USDC | 184.00M | 200.00M | 7.53% | 8.10% | 85.63% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 35.07% | 82.09% | | EURC | 21.00M | 21.90M | 2.27% | 2.76% | 79.42% | | USDS | 690.00K | 750.00K | 1.49% | 1.85% | 75.41% | | MAMO | 3.00M | 20.00M | 80.18% | 19.46% | 61.81% | | DAI | 300.00K | 400.00K | 4.33% | 5.70% | 56.90% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.34% | 33.47% | | AERO | 7.50M | 70.00M | 62.25% | 32.39% | 20.62% | | cbBTC | 90.00 | 1.50K | 31.89% | 12.29% | 15.57% | | WELL | 34.00M | 250.00M | 69.15% | 70.73% | 13.30% | | USDbC | 1.00 | 1.00 | 89.49K% | 802.53K% | 11.15% | | LBTC | 10.00 | 95.00 | 59.45% | 59.30% | 10.55% | | tBTC | 5.00 | 50.00 | 1.84% | 1.77% | 10.40% | | wstETH | 500.00 | 14.40K | 22.39% | 7.95% | 9.79% | | MORPHO | 100.00K | 6.00M | 166.51% | 93.93% | 2.95% | | rETH | 200.00 | 2.60K | 4.89% | 28.04% | 1.34% | | VVV | 1.00K | 170.00K | 81.63% | 41.16% | 1.16% | | weETH | 0.00 | 5.40K | 0.00% | 1.08% | 0.37% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,433,618.76 | 674.433643 | $4,429.78 | 2.094 | | cbXRP | $816,745.63 | 747619.513814 | $2,215.09 | 2037.7995 | | VIRTUAL | $802,184.83 | 1259015.64322549 | $11,793.31 | 18809.1026 | | WETH | $302,638.63 | 161.57571848 | $2,830.94 | 1.5187 | | MORPHO | $215,952.98 | 104985.85157969 | $223.71 | 108.0208 | | EURC | $164,436.30 | 143803.067652 | $806.11 | 705.2602 | | USDC | $154,316.28 | 154335.388329 | $10,716.66 | 10716.6649 | | wstETH | $108,124.23 | 46.54445134 | $1,539.94 | 0.6661 | | AERO | $77,254.74 | 159340.64891245 | $2,478.22 | 5217.3065 | | cbBTC | $2,563.14 | 0.04002837 | $11,055.20 | 0.1733 | | DAI | $1,548.97 | 1549.3195974 | $2,118.86 | 2118.858 | | USDS | $1,076.17 | 1076.29410902 | $189.48 | 189.4837 | | tBTC | $777.20 | 0.012129 | $5,595.75 | 0.0878 | | WELL | $82.90 | 23716.89428223 | $8,700.26 | 2900085.0901 | | weETH | $6.83 | 0.00331845 | $105.71 | 0.0516 | | rETH | $2.06 | 0.00094277 | $1,322.99 | 0.6079 | | LBTC | $1.02 | 0.00001578 | $19.22 | 0.0003 | | wrsETH | $0.94 | 0.00047019 | $2,355.87 | 1.1746 | | MAMO | $0.43 | 46.01295388 | $336.46 | 37384.8816 | | USDbC | $0.03 | 0.03361 | $3.93 | 3.9277 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | -0% from 688.11 cbETH to 687.22 cbETH | -0% from 688.11 cbETH to 687.23 cbETH | -0% from 100.00% to 100.00% | | WETH | -3% from 3.92K WETH to 3.82K WETH | -7% from 4.61K WETH to 4.30K WETH | +5% from 85.02% to 88.88% | | USDC | -2% from 13.88M USDC to 13.66M USDC | -4% from 16.64M USDC to 15.96M USDC | +3% from 83.44% to 85.61% | | VIRTUAL | -0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +33% from 1.27M VIRTUAL to 1.69M VIRTUAL | -25% from 100.00% to 75.15% | | EURC | +2% from 474.62K EURC to 482.74K EURC | -4% from 532.05K EURC to 511.59K EURC | +6% from 89.20% to 94.36% | | USDS | +0% from 10.26K USDS to 10.29K USDS | -23% from 15.13K USDS to 11.69K USDS | +30% from 67.82% to 88.07% | | MAMO | +1% from 2.39M MAMO to 2.41M MAMO | +6% from 3.67M MAMO to 3.91M MAMO | -5% from 65.11% to 61.58% | | DAI | +0% from 12.97K DAI to 13.00K DAI | +0% from 22.80K DAI to 22.86K DAI | -0% from 56.88% to 56.87% | | cbXRP | +0% from 792.23K cbXRP to 792.38K cbXRP | -1% from 2.41M cbXRP to 2.38M cbXRP | +1% from 32.90% to 33.33% | | AERO | +3% from 4.48M AERO to 4.63M AERO | -4% from 22.92M AERO to 22.04M AERO | +7% from 19.55% to 20.99% | | cbBTC | -9% from 29.52 cbBTC to 26.71 cbBTC | -4% from 186.96 cbBTC to 179.28 cbBTC | -6% from 15.79% to 14.90% | | WELL | -0% from 23.58M WELL to 23.55M WELL | -0% from 177.83M WELL to 176.96M WELL | +0% from 13.26% to 13.31% | | USDbC | +0% from 894.87 USDbC to 894.95 USDbC | +0% from 8.03K USDbC to 8.03K USDbC | +0% from 11.15% to 11.15% | | LBTC | -0% from 5.95 LBTC to 5.93 LBTC | -0% from 56.37 LBTC to 56.21 LBTC | -0% from 10.56% to 10.55% | | tBTC | -15% from 0.10 tBTC to 0.08 tBTC | +0% from 0.88 tBTC to 0.88 tBTC | -15% from 10.76% to 9.13% | | wstETH | -6% from 117.29 wstETH to 110.31 wstETH | -6% from 1.16K wstETH to 1.09K wstETH | -0% from 10.12% to 10.11% | | MORPHO | -2% from 170.13K MORPHO to 166.14K MORPHO | -0% from 5.64M MORPHO to 5.63M MORPHO | -2% from 3.02% to 2.95% | | rETH | -0% from 9.80 rETH to 9.75 rETH | -0% from 729.19 rETH to 728.68 rETH | -0% from 1.34% to 1.34% | | VVV | **-85% from 1.00K VVV to 155.00 VVV** | -3% from 70.79K VVV to 68.93K VVV | **-84% from 1.41% to 0.22%** | | weETH | -12% from 0.22 weETH to 0.20 weETH | -0% from 58.13 weETH to 58.07 weETH | -12% from 0.39% to 0.34% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - VIRTUAL supply +33% (1.27M → 1.69M VIRTUAL) ### Liquidations - **Total liquidations:** 53 - **Total Collateral Seized (USD):** $19,110.95 - **Total Debt Repaid (USD):** $17,373.59 - **Total Liquidation Bonus (USD):** $1,737.36 - **Total Liquidator Bonus (USD):** $1,216.15 - **Total Protocol Bonus (USD):** $521.21 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 15,171.320000 | $16,229.87 | $14,754.43 | $1,475.44 | $1,032.81 | $442.63 | 5 | | EURC | 1,121.010000 | $1,279.72 | $1,163.38 | $116.34 | $81.44 | $34.90 | 1 | | WETH | 0.574259 | $1,069.62 | $972.38 | $97.24 | $68.07 | $29.17 | 19 | | AERO | 836.837910 | $410.89 | $373.54 | $37.35 | $26.15 | $11.21 | 10 | | cbBTC | 0.001113 | $71.12 | $64.66 | $6.47 | $4.53 | $1.94 | 1 | | USDC | 28.015130 | $28.01 | $25.46 | $2.55 | $1.78 | $0.76 | 8 | | LBTC | 0.000325 | $20.37 | $18.52 | $1.85 | $1.30 | $0.56 | 1 | | VIRTUAL | 1.359000 | $0.78 | $0.71 | $0.07 | $0.05 | $0.02 | 1 | | tBTC | 0.000005 | $0.33 | $0.30 | $0.03 | $0.02 | $0.01 | 1 | | wstETH | 0.000099 | $0.23 | $0.21 | $0.02 | $0.01 | $0.01 | 1 | | cbETH | 0.000003 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | 5 | ## OP Mainnet ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/519041f19d75099907dee94b24f5fd1a09aeed91.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDC | 34.00M | 36.40M | 1.36% | 1.66% | 76.53% | | USDT0 | 8.00M | 10.00M | 0.50% | 0.53% | 75.88% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.73% | | USDT | 18.40M | 22.60M | 0.17% | 0.23% | 62.87% | | WETH | 30.00K | 32.00K | 0.49% | 1.31% | 34.86% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 15.12% | | weETH | 0.00 | 90.00 | 0.00% | 10.11% | 14.24% | | rETH | 0.00 | 750.00 | 0.00% | 2.23% | 13.90% | | OP | 650.00K | 5.60M | 14.89% | 13.17% | 13.13% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 12.41% | | VELO | 6.00M | 80.00M | 42.28% | 91.12% | 3.48% | | wstETH | 0.00 | 5.00K | 0.00% | 3.33% | 2.11% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,060.00 | 2.32210264 | $610.89 | 0.2806 | | wstETH | $3,234.00 | 1.39790311 | $4,915.79 | 2.1271 | | cbETH | $407.00 | 0.19228614 | $19.68 | 0.0093 | | WETH | $67.00 | 0.03623198 | $57,863.26 | 31.0308 | | VELO | $30.00 | 1461.04235144 | $11,854.70 | 592735.0046 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDC | +9% from 454.04K USDC to 496.87K USDC | +21% from 597.55K USDC to 720.14K USDC | -9% from 75.98% to 69.00% | | USDT0 | +0% from 39.87K USDT0 to 39.90K USDT0 | -18% from 62.93K USDT0 to 51.50K USDT0 | +22% from 63.35% to 77.47% | | DAI | +0% from 17.56K DAI to 17.58K DAI | +0% from 24.49K DAI to 24.50K DAI | +0% from 71.72% to 71.74% | | USDT | -0% from 32.16K USDT to 32.04K USDT | +0% from 51.11K USDT to 51.13K USDT | -0% from 62.93% to 62.66% | | WETH | +4% from 141.91 WETH to 147.64 WETH | -7% from 437.64 WETH to 408.94 WETH | +11% from 32.42% to 36.10% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 1.83 wrsETH to 1.83 wrsETH | 0% from 15.12% to 15.12% | | weETH | +0% from 1.29 weETH to 1.30 weETH | -19% from 9.15 weETH to 7.41 weETH | +24% from 14.15% to 17.48% | | rETH | 0% from 2.33 rETH to 2.33 rETH | 0% from 16.73 rETH to 16.73 rETH | 0% from 13.90% to 13.90% | | OP | -33% from 154.82K OP to 103.24K OP | -1% from 740.39K OP to 730.10K OP | -32% from 20.91% to 14.14% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 12.41% to 12.41% | | VELO | **+206% from 1.95M VELO to 5.99M VELO** | -0% from 72.90M VELO to 72.88M VELO | **+207% from 2.68% to 8.22%** | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | -1% from 168.69 wstETH to 167.03 wstETH | +1% from 2.09% to 2.11% | ### Notable Trends - USDC supply +21% (597.55K → 720.14K USDC) - VELO borrows +206% (1.95M → 5.99M VELO) ### Liquidations - **Total liquidations:** 2 - **Total Collateral Seized (USD):** $21.96 - **Total Debt Repaid (USD):** $19.97 - **Total Liquidation Bonus (USD):** $2.00 - **Total Liquidator Bonus (USD):** $1.40 - **Total Protocol Bonus (USD):** $0.60 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 21.824900 | $21.82 | $19.83 | $1.98 | $1.39 | $0.60 | 1 | | USDT0 | 0.143809 | $0.14 | $0.13 | $0.01 | $0.01 | $0.00 | 1 | ## Moonbeam ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/53fc4bee80004d257d2d0a727473e8d40a3da5c0.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14531.43M% | 100.00% | | xcUSDT | 0.10 | 9.70M% | 14.83% | | USDC.wh | 0.10 | 5.88M% | 10.01% | | xcUSDC | 0.10 | 2.28M% | 6.92% | | ETH.wh | 0.10 | 808.49% | 3.97% | | BTC.wh | 0.10 | 22.84% | 2.85% | | xcDOT | 0.10 | 2.97M% | 0.57% | | FRAX | 0.10 | 63.33K% | 0.17% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $125,737.00 | 14435507.75036345 | $48,076.78 | 5341864.5047 | | USDC.wh | $8.00 | 5.872123 | $5,902.80 | 5902.8018 | | xcUSDT | $6.00 | 5.61046 | $9,803.68 | 9813.4947 | | BTC.wh | $1.00 | 0.00001286 | $1,988.23 | 0.0311 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 14.53M GLMR to 14.53M GLMR | 0% from 100.00% to 100.00% | | xcUSDT | -2% from 9.81K xcUSDT to 9.63K xcUSDT | -29% from 76.50K xcUSDT to 54.25K xcUSDT | +38% from 12.83% to 17.75% | | USDC.wh | -0% from 5.88K USDC.wh to 5.88K USDC.wh | **-59% from 93.48K USDC.wh to 38.68K USDC.wh** | **+142% from 6.29% to 15.20%** | | xcUSDC | -16% from 2.57K xcUSDC to 2.16K xcUSDC | -39% from 41.20K xcUSDC to 25.14K xcUSDC | +37% from 6.25% to 8.59% | | ETH.wh | +0% from 0.81 ETH.wh to 0.81 ETH.wh | -35% from 24.85 ETH.wh to 16.25 ETH.wh | **+53% from 3.25% to 4.98%** | | BTC.wh | -2% from 0.02 BTC.wh to 0.02 BTC.wh | -37% from 1.00 BTC.wh to 0.63 BTC.wh | **+56% from 2.33% to 3.63%** | | xcDOT | +0% from 2.97K xcDOT to 2.97K xcDOT | +0% from 516.37K xcDOT to 516.38K xcDOT | +0% from 0.57% to 0.57% | | FRAX | +0% from 63.33 FRAX to 63.33 FRAX | -0% from 37.53K FRAX to 37.52K FRAX | +0% from 0.17% to 0.17% | ### Notable Trends - USDC.wh supply -59% (93.48K → 38.68K USDC.wh) - BTC.wh supply -37% (1.00 → 0.63 BTC.wh) - xcUSDT supply -29% (76.50K → 54.25K xcUSDT) - xcUSDC supply -39% (41.20K → 25.14K xcUSDC) - ETH.wh supply -35% (24.85 → 16.25 ETH.wh) ### Liquidations No liquidation events this week. ## Ethereum ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/a/a21c1c97d259aa5473c662865ce5644e2f3dec2a.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 2.01% | 2.54% | 52.89% | | cbBTC | 600.00 | 1.00K | 0.55% | 1.21% | 27.42% | | USDT | 180.00M | 200.00M | 0.05% | 0.34% | 13.39% | | USDC | 180.00M | 200.00M | 0.05% | 0.37% | 13.35% | ### Bad Debt & Reserves No positions with health factor below 0.5 on this chain. ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | -2% from 401.80 WETH to 395.76 WETH | +22% from 737.45 WETH to 900.07 WETH | -19% from 54.49% to 43.97% | | cbBTC | +0% from 3.30 cbBTC to 3.32 cbBTC | -2% from 12.11 cbBTC to 11.91 cbBTC | +2% from 27.27% to 27.86% | | USDT | **+236% from 54.94K USDT to 184.47K USDT** | +12% from 636.58K USDT to 710.58K USDT | **+201% from 8.63% to 25.96%** | | USDC | **+148% from 75.88K USDC to 187.99K USDC** | -3% from 767.08K USDC to 743.49K USDC | **+156% from 9.89% to 25.29%** | ### Notable Trends - WETH supply +22% (737.45 → 900.07 WETH) - USDT borrows +236% (54.94K → 184.47K USDT) - USDC borrows +148% (75.88K → 187.99K USDC) - USDT supply +12% (636.58K → 710.58K USDT) ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [July 24, 2026, 6:07am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/76 "2026-07-24T06:07:14Z")
# Weekly Update (7/17/26 - 7/23/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 7/17/26 to 7/23/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/4/4dc7dac09d054f21b08cfd383fcbddf8a1ee7ab7.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.18% | 100.00% | | USDS | 690.00K | 750.00K | 1.49% | 1.55% | 88.71% | | EURC | 21.00M | 21.90M | 2.10% | 2.29% | 88.20% | | USDC | 184.00M | 200.00M | 7.27% | 7.72% | 86.83% | | WETH | 64.00K | 96.00K | 5.92% | 4.61% | 85.52% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 37.48% | 75.43% | | MAMO | 3.00M | 20.00M | 82.22% | 20.43% | 60.53% | | DAI | 300.00K | 400.00K | 4.45% | 5.74% | 58.15% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.82% | 33.15% | | AERO | 7.50M | 70.00M | 62.37% | 28.43% | 23.54% | | cbBTC | 90.00 | 1.50K | 30.93% | 11.95% | 15.52% | | WELL | 34.00M | 250.00M | 69.84% | 70.79% | 13.42% | | wstETH | 500.00 | 14.40K | 26.24% | 7.48% | 12.18% | | USDbC | 1.00 | 1.00 | 89.50K% | 802.54K% | 11.15% | | LBTC | 10.00 | 95.00 | 58.96% | 59.17% | 10.49% | | tBTC | 5.00 | 50.00 | 1.64% | 1.77% | 9.27% | | MORPHO | 100.00K | 6.00M | 166.14% | 93.90% | 2.95% | | rETH | 200.00 | 2.60K | 4.90% | 28.03% | 1.34% | | weETH | 0.00 | 5.40K | 0.00% | 1.12% | 0.33% | | VVV | 1.00K | 170.00K | 16.45% | 40.77% | 0.24% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,435,426.99 | 674.56625954 | $4,741.20 | 2.2248 | | cbXRP | $827,474.89 | 747765.605068 | $3,293.28 | 2974.96 | | VIRTUAL | $760,153.11 | 1259261.44080733 | $11,670.44 | 19069.351 | | WETH | $302,837.30 | 161.58697678 | $3,058.62 | 1.6296 | | MORPHO | $207,256.99 | 104999.07324285 | $224.34 | 115.3436 | | EURC | $163,826.51 | 144008.320757 | $871.39 | 765.7177 | | USDC | $154,678.27 | 154703.039155 | $14,194.97 | 14194.9708 | | wstETH | $108,240.97 | 46.55126576 | $1,557.86 | 0.669 | | AERO | $69,900.94 | 159510.41630127 | $2,956.05 | 6971.8181 | | cbBTC | $2,606.90 | 0.04003595 | $11,304.17 | 0.1738 | | DAI | $1,554.36 | 1554.85442996 | $2,167.55 | 2167.5488 | | USDS | $1,077.22 | 1077.35516988 | $190.45 | 190.4528 | | tBTC | $788.89 | 0.01213116 | $5,709.80 | 0.0878 | | WELL | $77.16 | 23731.36381348 | $8,711.18 | 2903727.4688 | | weETH | $6.84 | 0.00331846 | $106.51 | 0.0516 | | rETH | $2.06 | 0.00094279 | $1,332.68 | 0.6079 | | LBTC | $1.03 | 0.00001578 | $19.60 | 0.0003 | | wrsETH | $0.94 | 0.00047019 | $2,373.16 | 1.1746 | | MAMO | $0.45 | 46.25866684 | $413.73 | 41372.5684 | | USDbC | $0.03 | 0.03361 | $3.93 | 3.9277 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.22 cbETH to 687.36 cbETH | +0% from 687.23 cbETH to 687.39 cbETH | -0% from 100.00% to 100.00% | | USDS | +0% from 10.29K USDS to 10.30K USDS | -2% from 11.68K USDS to 11.50K USDS | +2% from 88.08% to 89.58% | | EURC | -10% from 483.39K EURC to 436.58K EURC | -9% from 529.45K EURC to 481.40K EURC | -1% from 91.30% to 90.69% | | USDC | -3% from 13.69M USDC to 13.29M USDC | -3% from 15.91M USDC to 15.47M USDC | -0% from 86.02% to 85.89% | | WETH | -0% from 3.81K WETH to 3.79K WETH | +4% from 4.30K WETH to 4.45K WETH | -4% from 88.65% to 85.30% | | VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -1% from 1.69M VIRTUAL to 1.68M VIRTUAL | +1% from 75.17% to 75.69% | | MAMO | +3% from 2.41M MAMO to 2.47M MAMO | +13% from 3.91M MAMO to 4.41M MAMO | -9% from 61.58% to 56.12% | | DAI | +8% from 13.00K DAI to 14.10K DAI | -0% from 22.86K DAI to 22.77K DAI | +9% from 56.87% to 61.92% | | cbXRP | +0% from 792.38K cbXRP to 792.53K cbXRP | -0% from 2.38M cbXRP to 2.37M cbXRP | +0% from 33.33% to 33.46% | | AERO | +3% from 4.64M AERO to 4.76M AERO | -10% from 22.04M AERO to 19.73M AERO | +15% from 21.04% to 24.14% | | cbBTC | +13% from 26.71 cbBTC to 30.16 cbBTC | -1% from 179.12 cbBTC to 177.98 cbBTC | +14% from 14.91% to 16.95% | | WELL | +2% from 23.55M WELL to 24.03M WELL | +0% from 176.96M WELL to 177.03M WELL | +2% from 13.31% to 13.57% | | wstETH | +10% from 113.77 wstETH to 124.86 wstETH | -2% from 1.09K wstETH to 1.07K wstETH | +12% from 10.43% to 11.65% | | USDbC | 0% from 894.95 USDbC to 894.95 USDbC | 0% from 8.03K USDbC to 8.03K USDbC | 0% from 11.15% to 11.15% | | LBTC | -32% from 5.93 LBTC to 4.04 LBTC | -2% from 56.21 LBTC to 55.26 LBTC | -31% from 10.55% to 7.32% | | tBTC | -1% from 0.08 tBTC to 0.08 tBTC | 0% from 0.88 tBTC to 0.88 tBTC | -1% from 9.13% to 9.08% | | MORPHO | +0% from 166.14K MORPHO to 166.14K MORPHO | -0% from 5.63M MORPHO to 5.63M MORPHO | +0% from 2.95% to 2.95% | | rETH | +14% from 9.75 rETH to 11.07 rETH | -0% from 728.61 rETH to 728.58 rETH | +14% from 1.34% to 1.52% | | weETH | 0% from 0.20 weETH to 0.20 weETH | +5% from 58.06 weETH to 61.25 weETH | -5% from 0.34% to 0.32% | | VVV | -6% from 155.00 VVV to 145.95 VVV | -2% from 68.93K VVV to 67.39K VVV | -4% from 0.22% to 0.22% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - AERO supply -10% (22.04M → 19.73M AERO) - cbBTC borrows +13% (26.71 → 30.16 cbBTC) - LBTC borrows -32% (5.93 → 4.04 LBTC) ### Liquidations - **Total liquidations:** 49 - **Total Collateral Seized (USD):** $14,579.48 - **Total Debt Repaid (USD):** $13,254.07 - **Total Liquidation Bonus (USD):** $1,325.41 - **Total Liquidator Bonus (USD):** $927.79 - **Total Protocol Bonus (USD):** $397.62 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 9,250.592438 | $9,249.29 | $8,408.45 | $840.84 | $588.59 | $252.25 | 9 | | AERO | 1,733.492252 | $783.71 | $712.46 | $71.25 | $49.87 | $21.37 | 11 | | WETH | 0.026131 | $49.55 | $45.05 | $4.50 | $3.15 | $1.35 | 20 | | VIRTUAL | 58.519155 | $35.52 | $32.30 | $3.23 | $2.26 | $0.97 | 3 | | WELL | 7,517.460000 | $25.31 | $23.01 | $2.30 | $1.61 | $0.69 | 2 | | cbBTC | 0.000000 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | 1 | ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/c/c39749637911864e56cf20608a1c7f03232f6ccd.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 1.98% | 2.82% | 46.79% | | cbBTC | 600.00 | 1.00K | 0.77% | 1.32% | 34.15% | | USDC | 180.00M | 200.00M | 0.09% | 0.33% | 24.77% | | USDT | 180.00M | 200.00M | 0.10% | 0.40% | 21.93% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | -0% from 395.76 WETH to 395.34 WETH | -6% from 881.08 WETH to 827.65 WETH | +6% from 44.92% to 47.77% | | cbBTC | **+87% from 3.32 cbBTC to 6.21 cbBTC** | +23% from 11.91 cbBTC to 14.67 cbBTC | **+52% from 27.86% to 42.30%** | | USDC | -21% from 187.99K USDC to 149.24K USDC | -11% from 743.49K USDC to 664.49K USDC | -11% from 25.29% to 22.46% | | USDT | +15% from 169.17K USDT to 194.16K USDT | -6% from 710.64K USDT to 668.96K USDT | +22% from 23.80% to 29.02% | ### Notable Trends - cbBTC borrows +87% (3.32 → 6.21 cbBTC) - cbBTC supply +23% (11.91 → 14.67 cbBTC) - USDC supply -11% (743.49K → 664.49K USDC) - USDC borrows -21% (187.99K → 149.24K USDC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/77f9d14c5688a6a01cc9d619f9f51fc7673ccd1f.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDT0 | 8.00M | 10.00M | 0.49% | 0.50% | 78.98% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.82% | | USDC | 34.00M | 36.40M | 1.44% | 1.93% | 69.89% | | USDT | 18.40M | 22.60M | 0.17% | 0.23% | 62.93% | | WETH | 30.00K | 32.00K | 0.45% | 1.25% | 34.05% | | weETH | 0.00 | 90.00 | 0.00% | 8.24% | 17.48% | | OP | 650.00K | 5.60M | 17.25% | 13.01% | 15.40% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 15.12% | | rETH | 0.00 | 750.00 | 0.00% | 2.23% | 13.90% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 12.93% | | VELO | 6.00M | 80.00M | 93.21% | 87.45% | 7.93% | | wstETH | 0.00 | 5.00K | 0.00% | 3.15% | 2.24% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,067.00 | 2.32210264 | $614.70 | 0.2806 | | wstETH | $3,238.00 | 1.39794079 | $4,946.50 | 2.1271 | | cbETH | $408.00 | 0.19228614 | $19.80 | 0.0093 | | WETH | $68.00 | 0.03623573 | $58,202.01 | 31.0321 | | VELO | $27.00 | 1461.84259721 | $10,682.61 | 593478.1459 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDT0 | **-75% from 39.90K USDT0 to 10.13K USDT0** | -22% from 51.50K USDT0 to 40.11K USDT0 | **-67% from 77.47% to 25.26%** | | DAI | +0% from 17.58K DAI to 17.59K DAI | -0% from 24.50K DAI to 24.48K DAI | +0% from 71.74% to 71.85% | | USDC | -11% from 496.88K USDC to 440.64K USDC | -20% from 720.14K USDC to 578.02K USDC | +10% from 69.00% to 76.23% | | USDT | +0% from 32.04K USDT to 32.07K USDT | -5% from 51.13K USDT to 48.50K USDT | +6% from 62.66% to 66.12% | | WETH | -19% from 147.64 WETH to 119.15 WETH | -36% from 409.13 WETH to 262.55 WETH | +26% from 36.09% to 45.38% | | weETH | 0% from 1.30 weETH to 1.30 weETH | 0% from 7.41 weETH to 7.41 weETH | 0% from 17.48% to 17.48% | | OP | -10% from 103.24K OP to 92.97K OP | -0% from 730.12K OP to 727.92K OP | -10% from 14.14% to 12.77% | | wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 1.83 wrsETH to 1.83 wrsETH | 0% from 15.12% to 15.12% | | rETH | 0% from 2.33 rETH to 2.33 rETH | 0% from 16.73 rETH to 16.73 rETH | 0% from 13.90% to 13.90% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | -5% from 0.00 WBTC to 0.00 WBTC | +5% from 12.41% to 13.07% | | VELO | **-70% from 5.99M VELO to 1.80M VELO** | -17% from 72.88M VELO to 60.25M VELO | **-64% from 8.22% to 2.98%** | | wstETH | +0% from 3.52 wstETH to 3.52 wstETH | -12% from 167.03 wstETH to 147.46 wstETH | +13% from 2.11% to 2.39% | ### Notable Trends - WETH supply -36% (409.13 → 262.55 WETH) - VELO supply -17% (72.88M → 60.25M VELO) - USDC supply -20% (720.14K → 578.02K USDC) - VELO borrows -70% (5.99M → 1.80M VELO) - USDC borrows -11% (496.88K → 440.64K USDC) - WETH borrows -19% (147.64 → 119.15 WETH) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $2.43 - **Total Debt Repaid (USD):** $2.20 - **Total Liquidation Bonus (USD):** $0.22 - **Total Liquidator Bonus (USD):** $0.15 - **Total Protocol Bonus (USD):** $0.07 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 139.858000 | $2.43 | $2.20 | $0.22 | $0.15 | $0.07 | 1 | ## Moonbeam ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/c/c032f451c8b5665bd9240d35e9d0f31fcaaab761.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14534.52M% | 100.00% | | xcUSDT | 0.10 | 9.63M% | 17.75% | | USDC.wh | 0.10 | 5.87M% | 15.32% | | xcUSDC | 0.10 | 2.16M% | 8.59% | | ETH.wh | 0.10 | 809.02% | 4.98% | | BTC.wh | 0.10 | 22.80% | 3.63% | | xcDOT | 0.10 | 2.97M% | 0.57% | | FRAX | 0.10 | 63.33K% | 0.17% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $122,614.00 | 14439049.24010688 | $48,116.30 | 5346255.46 | | USDC.wh | $8.00 | 5.873502 | $5,903.22 | 5903.2162 | | xcUSDT | $6.00 | 5.61046 | $9,803.68 | 9813.4947 | | BTC.wh | $1.00 | 0.00001286 | $2,025.83 | 0.0311 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.53M GLMR to 14.54M GLMR | +0% from 14.53M GLMR to 14.54M GLMR | 0% from 100.00% to 100.00% | | xcUSDT | 0% from 9.63K xcUSDT to 9.63K xcUSDT | 0% from 54.25K xcUSDT to 54.25K xcUSDT | 0% from 17.75% to 17.75% | | USDC.wh | -0% from 5.88K USDC.wh to 5.85K USDC.wh | -1% from 38.68K USDC.wh to 38.31K USDC.wh | +1% from 15.20% to 15.28% | | xcUSDC | +0% from 2.16K xcUSDC to 2.16K xcUSDC | -0% from 25.14K xcUSDC to 25.11K xcUSDC | +0% from 8.59% to 8.60% | | ETH.wh | +0% from 0.81 ETH.wh to 0.81 ETH.wh | -0% from 16.25 ETH.wh to 16.25 ETH.wh | +0% from 4.98% to 4.98% | | BTC.wh | 0% from 0.02 BTC.wh to 0.02 BTC.wh | 0% from 0.63 BTC.wh to 0.63 BTC.wh | 0% from 3.63% to 3.63% | | xcDOT | +0% from 2.97K xcDOT to 2.97K xcDOT | +0% from 516.38K xcDOT to 516.38K xcDOT | +0% from 0.57% to 0.58% | | FRAX | +0% from 63.33 FRAX to 63.33 FRAX | -0% from 37.52K FRAX to 37.51K FRAX | +0% from 0.17% to 0.17% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [July 30, 2026, 9:58pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/77 "2026-07-30T21:58:15Z")
# Weekly Update (7/24/26 - 7/30/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 7/24/26 to 7/30/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/f/fd615ffc665548664dc98ef8255f949030cc5576.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.19% | 100.00% | | USDS | 690.00K | 750.00K | 1.49% | 1.52% | 90.03% | | USDC | 184.00M | 200.00M | 7.19% | 7.53% | 87.95% | | EURC | 21.00M | 21.90M | 2.05% | 2.26% | 87.13% | | WETH | 64.00K | 96.00K | 5.97% | 4.71% | 84.47% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 37.30% | 75.50% | | DAI | 300.00K | 400.00K | 4.57% | 5.60% | 61.24% | | MAMO | 3.00M | 20.00M | 80.11% | 21.81% | 55.09% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.42% | 33.37% | | AERO | 7.50M | 70.00M | 61.24% | 29.26% | 22.43% | | cbBTC | 90.00 | 1.50K | 33.74% | 12.17% | 16.64% | | wstETH | 500.00 | 14.40K | 24.46% | 7.38% | 11.50% | | USDbC | 1.00 | 1.00 | 89.50K% | 802.29K% | 11.16% | | WELL | 34.00M | 250.00M | 52.98% | 71.16% | 10.13% | | tBTC | 5.00 | 50.00 | 1.60% | 1.76% | 9.07% | | LBTC | 10.00 | 95.00 | 40.59% | 58.18% | 7.34% | | MORPHO | 100.00K | 6.00M | 166.12% | 93.88% | 2.95% | | rETH | 200.00 | 2.60K | 5.53% | 28.02% | 1.52% | | weETH | 0.00 | 5.40K | 0.00% | 1.13% | 0.32% | | VVV | 1.00K | 170.00K | 16.63% | 39.65% | 0.25% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,470,180.42 | 674.68244999 | $5,117.89 | 2.345 | | cbXRP | $810,113.11 | 744990.992097 | $577.17 | 530.9732 | | VIRTUAL | $709,825.59 | 1240528.1911673 | $193.13 | 337.6407 | | WETH | $306,839.61 | 159.98745557 | $227.05 | 0.1182 | | MORPHO | $209,346.67 | 104900.49429614 | $20.66 | 10.3521 | | EURC | $165,259.19 | 143416.186885 | $76.06 | 66.0258 | | USDC | $143,134.17 | 143167.726257 | $4,861.15 | 4861.1527 | | wstETH | $109,163.26 | 45.88931459 | $8.58 | 0.0036 | | AERO | $66,505.55 | 153344.30196105 | $988.48 | 2277.609 | | USDS | $891.83 | 891.70906961 | $4.72 | 4.7153 | | WELL | $72.14 | 23741.1984139 | $8,728.60 | 2909531.7417 | | cbBTC | $9.12 | 0.00014085 | $8,713.19 | 0.1344 | | weETH | $7.00 | 0.00331852 | $109.07 | 0.0516 | | rETH | $2.12 | 0.00094281 | $1,364.70 | 0.608 | | LBTC | $1.03 | 0.00001579 | $26.05 | 0.0004 | | wrsETH | $0.97 | 0.00047019 | $2,429.92 | 1.1746 | | MAMO | $0.45 | 46.38515563 | $433.44 | 43344.3272 | | tBTC | $0.43 | 0.0000067 | $4,901.20 | 0.0757 | | USDbC | $0.03 | 0.033615 | $4.06 | 4.0586 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.36 cbETH to 687.49 cbETH | +0% from 687.39 cbETH to 687.49 cbETH | +0% from 100.00% to 100.00% | | USDS | -2% from 10.30K USDS to 10.12K USDS | -3% from 11.50K USDS to 11.20K USDS | +1% from 89.58% to 90.43% | | USDC | -1% from 13.30M USDC to 13.17M USDC | -0% from 15.47M USDC to 15.41M USDC | -1% from 85.97% to 85.48% | | EURC | -2% from 436.59K EURC to 427.09K EURC | -3% from 492.11K EURC to 478.86K EURC | +1% from 88.72% to 89.19% | | WETH | -0% from 3.80K WETH to 3.79K WETH | +1% from 4.45K WETH to 4.49K WETH | -1% from 85.54% to 84.38% | | VIRTUAL | -1% from 1.27M VIRTUAL to 1.25M VIRTUAL | -1% from 1.68M VIRTUAL to 1.66M VIRTUAL | -0% from 75.69% to 75.36% | | DAI | -10% from 14.10K DAI to 12.63K DAI | -6% from 22.77K DAI to 21.29K DAI | -4% from 61.92% to 59.29% | | MAMO | -5% from 2.47M MAMO to 2.36M MAMO | -3% from 4.41M MAMO to 4.26M MAMO | -1% from 56.12% to 55.33% | | cbXRP | -1% from 792.53K cbXRP to 787.17K cbXRP | +0% from 2.37M cbXRP to 2.37M cbXRP | -1% from 33.46% to 33.15% | | AERO | -1% from 4.76M AERO to 4.71M AERO | +5% from 19.73M AERO to 20.75M AERO | -6% from 24.13% to 22.68% | | cbBTC | -1% from 30.90 cbBTC to 30.58 cbBTC | +3% from 177.57 cbBTC to 182.71 cbBTC | -4% from 17.40% to 16.74% | | wstETH | +3% from 124.86 wstETH to 128.30 wstETH | -1% from 1.07K wstETH to 1.06K wstETH | +4% from 11.64% to 12.12% | | USDbC | +0% from 894.95 USDbC to 895.04 USDbC | -0% from 8.03K USDbC to 8.02K USDbC | +0% from 11.15% to 11.16% | | WELL | -30% from 24.03M WELL to 16.91M WELL | +1% from 177.03M WELL to 178.99M WELL | -30% from 13.57% to 9.45% | | tBTC | -10% from 0.08 tBTC to 0.07 tBTC | -1% from 0.88 tBTC to 0.87 tBTC | -9% from 9.08% to 8.24% | | LBTC | +1% from 4.04 LBTC to 4.07 LBTC | +0% from 55.26 LBTC to 55.29 LBTC | +1% from 7.32% to 7.37% | | MORPHO | -0% from 166.14K MORPHO to 166.05K MORPHO | -0% from 5.63M MORPHO to 5.63M MORPHO | -0% from 2.95% to 2.95% | | rETH | -0% from 11.07 rETH to 11.05 rETH | +0% from 728.58 rETH to 729.15 rETH | -0% from 1.52% to 1.52% | | weETH | -2% from 0.20 weETH to 0.19 weETH | -0% from 61.25 weETH to 61.24 weETH | -2% from 0.32% to 0.32% | | VVV | +23% from 145.95 VVV to 180.14 VVV | +0% from 67.39K VVV to 67.44K VVV | +23% from 0.22% to 0.27% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - AERO supply +5% (19.73M → 20.75M AERO) - cbBTC supply +3% (177.57 → 182.71 cbBTC) ### Liquidations - **Total liquidations:** 181 - **Total Collateral Seized (USD):** $3,491.10 - **Total Debt Repaid (USD):** $3,173.73 - **Total Liquidation Bonus (USD):** $317.37 - **Total Liquidator Bonus (USD):** $222.16 - **Total Protocol Bonus (USD):** $95.21 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 2,747.358200 | $2,978.66 | $2,707.87 | $270.79 | $189.55 | $81.24 | 6 | | WELL | 122,876.132700 | $381.22 | $346.56 | $34.66 | $24.26 | $10.40 | 6 | | USDC | 62.622432 | $62.62 | $56.92 | $5.69 | $3.98 | $1.71 | 11 | | WETH | 0.019497 | $37.29 | $33.90 | $3.39 | $2.37 | $1.02 | 145 | | VIRTUAL | 19.678916 | $11.03 | $10.03 | $1.00 | $0.70 | $0.30 | 4 | | VVV | 0.867537 | $10.49 | $9.53 | $0.95 | $0.67 | $0.29 | 1 | | AERO | 23.511800 | $9.60 | $8.73 | $0.87 | $0.61 | $0.26 | 1 | | cbBTC | 0.000003 | $0.20 | $0.19 | $0.02 | $0.01 | $0.01 | 7 | ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/3/36443d6b8da9e404961475e4617d75091a6a7a60.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | WETH | 20.00K | 30.00K | 2.16% | 2.86% | 50.25% | | cbBTC | 600.00 | 1.00K | 1.03% | 1.47% | 42.29% | | USDT | 180.00M | 200.00M | 0.09% | 0.29% | 27.54% | | USDC | 180.00M | 200.00M | 0.09% | 0.34% | 24.05% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | WETH | +13% from 395.34 WETH to 445.42 WETH | +5% from 827.65 WETH to 869.73 WETH | +7% from 47.77% to 51.21% | | cbBTC | +0% from 6.21 cbBTC to 6.21 cbBTC | +0% from 14.67 cbBTC to 14.69 cbBTC | -0% from 42.30% to 42.27% | | USDT | -20% from 194.16K USDT to 155.12K USDT | -17% from 668.96K USDT to 557.73K USDT | -4% from 29.02% to 27.81% | | USDC | +14% from 149.24K USDC to 169.70K USDC | -2% from 664.49K USDC to 654.51K USDC | +15% from 22.46% to 25.93% | ### Notable Trends - USDT supply -17% (668.96K → 557.73K USDT) - WETH borrows +13% (395.34 → 445.42 WETH) - USDT borrows -20% (194.16K → 155.12K USDT) - USDC borrows +14% (149.24K → 169.70K USDC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/7/77f06ec1b3d1bc7152033cb717001f1360a704e9.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDC | 34.00M | 36.40M | 1.23% | 1.47% | 78.02% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.92% | | USDT | 18.40M | 22.60M | 0.17% | 0.22% | 65.60% | | WETH | 30.00K | 32.00K | 0.37% | 0.76% | 45.05% | | USDT0 | 8.00M | 10.00M | 0.15% | 0.36% | 33.61% | | weETH | 0.00 | 90.00 | 0.00% | 8.24% | 17.07% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 16.04% | | OP | 650.00K | 5.60M | 15.40% | 12.88% | 13.88% | | rETH | 0.00 | 750.00 | 0.00% | 2.22% | 13.51% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% | | wstETH | 0.00 | 5.00K | 0.00% | 2.94% | 2.14% | | VELO | 6.00M | 80.00M | 9.54% | 44.49% | 1.54% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,568.00 | 2.0427753 | $0.22 | 0.0001 | | cbETH | $418.00 | 0.19228614 | $20.30 | 0.0093 | | WETH | $69.00 | 0.03624051 | $59,620.67 | 31.0336 | | VELO | $25.00 | 1462.41055164 | $10,683.55 | 593530.5439 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDC | +9% from 440.64K USDC to 478.79K USDC | +6% from 577.96K USDC to 613.40K USDC | +2% from 76.24% to 78.06% | | DAI | +0% from 17.59K DAI to 17.61K DAI | +0% from 24.48K DAI to 24.50K DAI | +0% from 71.85% to 71.87% | | USDT | +0% from 32.07K USDT to 32.09K USDT | -1% from 48.50K USDT to 48.02K USDT | +1% from 66.12% to 66.82% | | WETH | -9% from 118.79 WETH to 108.14 WETH | -8% from 262.50 WETH to 241.99 WETH | -1% from 45.25% to 44.69% | | USDT0 | **+85% from 10.13K USDT0 to 18.73K USDT0** | -11% from 40.11K USDT0 to 35.87K USDT0 | **+107% from 25.26% to 52.23%** | | weETH | -9% from 1.30 weETH to 1.18 weETH | +0% from 7.41 weETH to 7.41 weETH | -9% from 17.48% to 15.92% | | wrsETH | +0% from 0.28 wrsETH to 0.28 wrsETH | -19% from 1.83 wrsETH to 1.49 wrsETH | +23% from 15.12% to 18.64% | | OP | +16% from 92.99K OP to 107.71K OP | -1% from 727.92K OP to 717.73K OP | +17% from 12.77% to 15.01% | | rETH | -12% from 2.33 rETH to 2.05 rETH | -2% from 16.73 rETH to 16.44 rETH | -11% from 13.90% to 12.44% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.07% to 13.07% | | wstETH | **-40% from 3.52 wstETH to 2.11 wstETH** | -1% from 147.46 wstETH to 145.36 wstETH | -39% from 2.39% to 1.45% | | VELO | **-74% from 1.80M VELO to 466.97K VELO** | **-44% from 60.26M VELO to 34.04M VELO** | **-54% from 2.98% to 1.37%** | ### Notable Trends - VELO supply -44% (60.26M → 34.04M VELO) - VELO borrows -74% (1.80M → 466.97K VELO) ### Liquidations - **Total liquidations:** 26 - **Total Collateral Seized (USD):** $748.91 - **Total Debt Repaid (USD):** $680.83 - **Total Liquidation Bonus (USD):** $68.08 - **Total Liquidator Bonus (USD):** $47.66 - **Total Protocol Bonus (USD):** $20.42 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | wrsETH | 0.354855 | $732.46 | $665.88 | $66.59 | $46.61 | $19.98 | 16 | | OP | 128.800870 | $11.18 | $10.17 | $1.02 | $0.71 | $0.31 | 6 | | USDC | 2.627004 | $2.63 | $2.39 | $0.24 | $0.17 | $0.07 | 2 | | USDT0 | 1.659620 | $1.66 | $1.51 | $0.15 | $0.11 | $0.05 | 1 | | wstETH | 0.000411 | $0.98 | $0.89 | $0.09 | $0.06 | $0.03 | 1 | ## Moonbeam ![image4](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/8/8c700b8a6b8cc0c78271c4263f661bc4b0df8ea2.png) | Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | | GLMR | 0.10 | 14537.60M% | 97.73% | | xcUSDT | 0.10 | 9.53M% | 17.57% | | USDC.wh | 0.10 | 5.67M% | 15.11% | | xcUSDC | 0.10 | 2.14M% | 8.56% | | ETH.wh | 0.10 | 808.65% | 5.04% | | BTC.wh | 0.10 | 15.88% | 2.52% | | xcDOT | 0.10 | 2.97M% | 0.57% | | FRAX | 0.10 | 61.79K% | 0.16% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | GLMR | $109,756.00 | 14441860.67907697 | $63,215.90 | 7902064.9866 | | USDC.wh | $8.00 | 5.816341 | $5,904.45 | 5904.4745 | | xcUSDT | $6.00 | 5.617111 | $9,807.09 | 9816.902 | | BTC.wh | $1.00 | 0.00001288 | $2,013.21 | 0.0311 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | GLMR | +0% from 14.54M GLMR to 14.54M GLMR | +3% from 14.54M GLMR to 15.01M GLMR | -3% from 100.00% to 96.86% | | xcUSDT | -4% from 9.63K xcUSDT to 9.26K xcUSDT | -0% from 54.25K xcUSDT to 54.22K xcUSDT | -4% from 17.75% to 17.09% | | USDC.wh | -9% from 5.85K USDC.wh to 5.32K USDC.wh | -11% from 38.31K USDC.wh to 34.19K USDC.wh | +2% from 15.28% to 15.56% | | xcUSDC | -2% from 2.16K xcUSDC to 2.11K xcUSDC | -0% from 25.11K xcUSDC to 25.01K xcUSDC | -2% from 8.60% to 8.44% | | ETH.wh | -0% from 0.81 ETH.wh to 0.81 ETH.wh | -7% from 16.25 ETH.wh to 15.18 ETH.wh | +7% from 4.98% to 5.32% | | BTC.wh | **-81% from 0.02 BTC.wh to 0.00 BTC.wh** | -0% from 0.63 BTC.wh to 0.63 BTC.wh | **-81% from 3.63% to 0.70%** | | xcDOT | -1% from 2.97K xcDOT to 2.93K xcDOT | -0% from 516.38K xcDOT to 516.34K xcDOT | -1% from 0.58% to 0.57% | | FRAX | -6% from 63.33 FRAX to 59.48 FRAX | +0% from 37.51K FRAX to 37.51K FRAX | -6% from 0.17% to 0.16% | ### Liquidations No liquidation events this week. ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [August 7, 2026, 3:17am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/78 "2026-08-07T03:17:50Z")
# Weekly Update (7/31/26 - 8/6/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum and OP Mainnet. Data from 7/31/26 to 8/6/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/c/cc3c6c4e6100dc7297e7ccf60b38aad4e2620c30.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.19% | 100.00% | | USDS | 690.00K | 750.00K | 1.47% | 1.52% | 89.47% | | EURC | 21.00M | 21.90M | 2.04% | 2.23% | 88.19% | | USDC | 184.00M | 200.00M | 7.15% | 7.67% | 85.92% | | WETH | 64.00K | 96.00K | 5.95% | 4.72% | 84.18% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 37.20% | 74.89% | | DAI | 300.00K | 400.00K | 4.21% | 5.33% | 59.30% | | MAMO | 3.00M | 20.00M | 79.41% | 21.55% | 55.27% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.81% | 32.94% | | AERO | 7.50M | 70.00M | 75.33% | 29.44% | 27.45% | | cbBTC | 90.00 | 1.50K | 32.93% | 12.20% | 16.20% | | wstETH | 500.00 | 14.40K | 29.15% | 7.35% | 13.77% | | USDbC | 1.00 | 1.00 | 89.51K% | 801.80K% | 11.16% | | WELL | 34.00M | 250.00M | 50.94% | 71.77% | 9.65% | | tBTC | 5.00 | 50.00 | 1.44% | 1.74% | 8.26% | | LBTC | 10.00 | 95.00 | 41.05% | 58.16% | 7.43% | | MORPHO | 100.00K | 6.00M | 166.06% | 93.88% | 2.95% | | rETH | 200.00 | 2.60K | 5.52% | 27.88% | 1.52% | | VVV | 1.00K | 170.00K | 79.86% | 39.75% | 1.18% | | weETH | 0.00 | 5.40K | 0.00% | 1.14% | 0.31% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,458,653.24 | 674.81841396 | $5,493.20 | 2.5433 | | cbXRP | $772,303.67 | 745143.001744 | $734.22 | 712.1435 | | VIRTUAL | $703,359.45 | 1240778.93368163 | $331.14 | 585.0493 | | WETH | $304,300.60 | 160.00899643 | $1,110.53 | 0.5844 | | MORPHO | $199,836.14 | 104914.36431366 | $34.52 | 18.0364 | | EURC | $165,507.39 | 143677.384408 | $495.49 | 430.1154 | | USDC | $143,354.90 | 143384.345705 | $9,684.12 | 9684.1198 | | wstETH | $108,311.31 | 45.89716605 | $17.21 | 0.0073 | | AERO | $66,607.46 | 153540.7538163 | $2,098.94 | 4836.2702 | | USDS | $894.49 | 894.70308462 | $8.10 | 8.0964 | | WELL | $71.39 | 23751.08449158 | $8,749.92 | 2916639.1704 | | cbBTC | $9.06 | 0.00014087 | $8,727.85 | 0.1359 | | weETH | $6.95 | 0.00331854 | $107.94 | 0.0516 | | rETH | $2.10 | 0.00094283 | $1,350.63 | 0.608 | | LBTC | $1.02 | 0.00001579 | $25.81 | 0.0004 | | wrsETH | $0.97 | 0.00047019 | $2,404.80 | 1.1746 | | MAMO | $0.43 | 46.52012155 | $408.79 | 45421.5669 | | tBTC | $0.43 | 0.0000067 | $4,878.60 | 0.0757 | | USDbC | $0.03 | 0.033617 | $4.12 | 4.1165 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.49 cbETH to 687.62 cbETH | +0% from 687.49 cbETH to 687.62 cbETH | 0% from 100.00% to 100.00% | | USDS | +0% from 10.12K USDS to 10.16K USDS | +10% from 11.20K USDS to 12.33K USDS | -9% from 90.43% to 82.37% | | EURC | -0% from 427.11K EURC to 426.52K EURC | +9% from 479.15K EURC to 520.19K EURC | -8% from 89.14% to 81.99% | | USDC | -2% from 13.18M USDC to 12.92M USDC | -3% from 15.41M USDC to 14.94M USDC | +1% from 85.50% to 86.52% | | WETH | +2% from 3.79K WETH to 3.86K WETH | +1% from 4.49K WETH to 4.51K WETH | +1% from 84.35% to 85.58% | | VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | +1% from 1.66M VIRTUAL to 1.68M VIRTUAL | -1% from 75.36% to 74.79% | | DAI | -1% from 12.63K DAI to 12.53K DAI | +0% from 21.29K DAI to 21.31K DAI | -1% from 59.29% to 58.78% | | MAMO | +4% from 2.36M MAMO to 2.44M MAMO | +2% from 4.26M MAMO to 4.36M MAMO | +1% from 55.33% to 56.02% | | cbXRP | +0% from 787.17K cbXRP to 787.32K cbXRP | +1% from 2.37M cbXRP to 2.40M cbXRP | -1% from 33.15% to 32.75% | | AERO | +24% from 4.70M AERO to 5.83M AERO | -7% from 20.75M AERO to 19.40M AERO | +33% from 22.64% to 30.02% | | cbBTC | -2% from 30.89 cbBTC to 30.40 cbBTC | +0% from 182.70 cbBTC to 182.85 cbBTC | -2% from 16.91% to 16.63% | | wstETH | +16% from 127.95 wstETH to 148.56 wstETH | -0% from 1.06K wstETH to 1.06K wstETH | +16% from 12.09% to 14.08% | | USDbC | +0% from 895.04 USDbC to 895.10 USDbC | +0% from 8.02K USDbC to 8.02K USDbC | +0% from 11.16% to 11.16% | | WELL | +5% from 16.91M WELL to 17.80M WELL | +1% from 178.99M WELL to 180.16M WELL | +5% from 9.45% to 9.88% | | tBTC | +0% from 0.07 tBTC to 0.07 tBTC | 0% from 0.87 tBTC to 0.87 tBTC | +0% from 8.24% to 8.27% | | LBTC | +5% from 4.07 LBTC to 4.26 LBTC | -0% from 55.29 LBTC to 55.25 LBTC | +5% from 7.37% to 7.71% | | MORPHO | +0% from 166.05K MORPHO to 166.07K MORPHO | +0% from 5.63M MORPHO to 5.63M MORPHO | -0% from 2.95% to 2.95% | | rETH | -0% from 11.05 rETH to 11.05 rETH | -2% from 729.00 rETH to 717.55 rETH | +2% from 1.52% to 1.54% | | VVV | **+446% from 180.14 VVV to 983.67 VVV** | +0% from 67.44K VVV to 67.64K VVV | **+444% from 0.27% to 1.45%** | | weETH | 0% from 0.19 weETH to 0.19 weETH | +1% from 61.24 weETH to 62.02 weETH | -1% from 0.32% to 0.31% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - AERO borrows +24% (4.70M → 5.83M AERO) - wstETH borrows +16% (127.95 → 148.56 wstETH) ### Liquidations - **Total liquidations:** 35 - **Total Collateral Seized (USD):** $16,918.50 - **Total Debt Repaid (USD):** $15,380.45 - **Total Liquidation Bonus (USD):** $1,538.05 - **Total Liquidator Bonus (USD):** $1,076.63 - **Total Protocol Bonus (USD):** $461.41 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 9,469.706780 | $9,467.93 | $8,607.21 | $860.72 | $602.50 | $258.22 | 4 | | cbETH | 2.038746 | $4,300.00 | $3,909.09 | $390.91 | $273.64 | $117.27 | 2 | | cbBTC | 0.031499 | $2,017.87 | $1,834.43 | $183.44 | $128.41 | $55.03 | 2 | | WETH | 0.311919 | $572.46 | $520.42 | $52.04 | $36.43 | $15.61 | 8 | | AERO | 988.267022 | $405.53 | $368.66 | $36.87 | $25.81 | $11.06 | 9 | | cbXRP | 86.288800 | $90.85 | $82.59 | $8.26 | $5.78 | $2.48 | 1 | | WELL | 19,484.565200 | $57.22 | $52.02 | $5.20 | $3.64 | $1.56 | 5 | | VIRTUAL | 9.064730 | $5.04 | $4.58 | $0.46 | $0.32 | $0.14 | 2 | | DAI | 1.211020 | $1.21 | $1.10 | $0.11 | $0.08 | $0.03 | 1 | | rETH | 0.000172 | $0.38 | $0.35 | $0.03 | $0.02 | $0.01 | 1 | ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/4/482490a5924cb1e40061a9414a3b1811cb2deec9.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | USDC | 180.00M | 200.00M | 0.15% | 0.28% | 46.99% | | WETH | 20.00K | 30.00K | 2.23% | 3.20% | 46.69% | | USDT | 180.00M | 200.00M | 0.12% | 0.26% | 40.92% | | cbBTC | 600.00 | 1.00K | 0.72% | 1.28% | 34.00% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | **+135% from 169.70K USDC to 398.89K USDC** | -5% from 654.51K USDC to 623.24K USDC | **+147% from 25.93% to 64.00%** | | WETH | +0% from 445.42 WETH to 445.51 WETH | +19% from 869.73 WETH to 1.04K WETH | -16% from 51.21% to 42.98% | | USDT | **+87% from 155.12K USDT to 290.58K USDT** | -5% from 557.73K USDT to 528.75K USDT | **+98% from 27.81% to 54.96%** | | cbBTC | -32% from 6.21 cbBTC to 4.21 cbBTC | -7% from 14.69 cbBTC to 13.71 cbBTC | -27% from 42.27% to 30.73% | ### Notable Trends - WETH supply +19% (869.73 → 1.04K WETH) - USDC borrows +135% (169.70K → 398.89K USDC) - USDT borrows +87% (155.12K → 290.58K USDT) - cbBTC borrows -32% (6.21 → 4.21 cbBTC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/1/1c4a559460e9ad354d5bf078aa95fa2b44a09022.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDC | 34.00M | 36.40M | 1.42% | 1.68% | 79.07% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.89% | | USDT | 18.40M | 22.60M | 0.17% | 0.21% | 67.02% | | USDT0 | 8.00M | 10.00M | 0.23% | 0.36% | 52.35% | | WETH | 30.00K | 32.00K | 0.36% | 0.76% | 44.41% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 16.84% | | weETH | 0.00 | 90.00 | 0.00% | 8.24% | 15.92% | | OP | 650.00K | 5.60M | 16.05% | 12.82% | 14.53% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% | | rETH | 0.00 | 750.00 | 0.00% | 2.19% | 12.44% | | wstETH | 0.00 | 5.00K | 0.00% | 2.91% | 1.45% | | VELO | 6.00M | 80.00M | 6.30% | 42.36% | 1.12% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,542.00 | 2.04291324 | $0.44 | 0.0002 | | cbETH | $416.00 | 0.19228614 | $20.10 | 0.0093 | | WETH | $69.00 | 0.0362458 | $58,998.41 | 31.0351 | | VELO | $27.00 | 1463.04876622 | $10,684.28 | 593571.2214 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDC | +15% from 478.79K USDC to 551.22K USDC | +10% from 613.40K USDC to 673.80K USDC | +5% from 78.06% to 81.81% | | DAI | +0% from 17.61K DAI to 17.63K DAI | -0% from 24.50K DAI to 24.50K DAI | +0% from 71.87% to 71.98% | | USDT | +0% from 32.09K USDT to 32.11K USDT | +0% from 48.02K USDT to 48.20K USDT | -0% from 66.82% to 66.62% | | USDT0 | +0% from 18.73K USDT0 to 18.75K USDT0 | -0% from 35.87K USDT0 to 35.76K USDT0 | +0% from 52.23% to 52.43% | | WETH | -2% from 108.14 WETH to 105.44 WETH | +0% from 241.99 WETH to 243.08 WETH | -3% from 44.69% to 43.38% | | wrsETH | **-98% from 0.28 wrsETH to 0.00 wrsETH** | -18% from 1.49 wrsETH to 1.22 wrsETH | **-98% from 18.64% to 0.36%** | | weETH | +0% from 1.18 weETH to 1.18 weETH | +0% from 7.41 weETH to 7.42 weETH | +0% from 15.92% to 15.92% | | OP | -12% from 107.71K OP to 94.76K OP | -0% from 717.73K OP to 717.63K OP | -12% from 15.01% to 13.21% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.07% to 13.07% | | rETH | +0% from 2.05 rETH to 2.05 rETH | +0% from 16.44 rETH to 16.44 rETH | +0% from 12.44% to 12.44% | | wstETH | 0% from 2.11 wstETH to 2.11 wstETH | -0% from 145.36 wstETH to 145.26 wstETH | +0% from 1.45% to 1.45% | | VELO | -26% from 466.97K VELO to 347.31K VELO | -1% from 34.04M VELO to 33.68M VELO | -25% from 1.37% to 1.03% | ### Notable Trends - USDC borrows +15% (478.79K → 551.22K USDC) - USDC supply +10% (613.40K → 673.80K USDC) - VELO borrows -26% (466.97K → 347.31K VELO) ### Liquidations - **Total liquidations:** 1 - **Total Collateral Seized (USD):** $0.21 - **Total Debt Repaid (USD):** $0.19 - **Total Liquidation Bonus (USD):** $0.02 - **Total Liquidator Bonus (USD):** $0.01 - **Total Protocol Bonus (USD):** $0.01 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | OP | 2.503500 | $0.21 | $0.19 | $0.02 | $0.01 | $0.01 | 1 | ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [August 13, 2026, 8:50pm UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/79 "2026-08-13T20:50:12Z")
# Weekly Update (8/7/26 - 8/13/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum and OP Mainnet. Data from 8/7/26 to 8/13/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/4/45f3e7ac7317ee037f7da9b7457258396c2bd97f.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.19% | 100.00% | | USDC | 184.00M | 200.00M | 6.99% | 7.19% | 89.60% | | USDS | 690.00K | 750.00K | 1.47% | 1.54% | 87.94% | | WETH | 64.00K | 96.00K | 6.02% | 4.77% | 84.19% | | EURC | 21.00M | 21.90M | 2.03% | 2.33% | 83.70% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 36.82% | 75.69% | | DAI | 300.00K | 400.00K | 4.09% | 5.33% | 57.62% | | MAMO | 3.00M | 20.00M | 82.60% | 21.88% | 56.62% | | cbXRP | 0.00 | 5.00M | 0.00% | 47.88% | 32.89% | | AERO | 7.50M | 70.00M | 76.03% | 27.45% | 29.68% | | cbBTC | 90.00 | 1.50K | 33.27% | 12.13% | 16.46% | | wstETH | 500.00 | 14.40K | 29.50% | 7.40% | 13.85% | | USDbC | 1.00 | 1.00 | 89.49K% | 801.80K% | 11.16% | | WELL | 34.00M | 250.00M | 53.30% | 72.18% | 10.04% | | tBTC | 5.00 | 50.00 | 1.45% | 1.74% | 8.29% | | LBTC | 10.00 | 95.00 | 43.31% | 58.22% | 7.83% | | MORPHO | 100.00K | 6.00M | 166.07% | 93.81% | 2.95% | | rETH | 200.00 | 2.60K | 5.52% | 27.48% | 1.55% | | VVV | 1.00K | 170.00K | 98.84% | 39.71% | 1.46% | | weETH | 0.00 | 5.40K | 0.00% | 1.15% | 0.31% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,440,233.24 | 674.94902134 | $5,705.63 | 2.6751 | | cbXRP | $750,808.51 | 745279.653796 | $1,311.61 | 1302.4967 | | VIRTUAL | $709,067.81 | 1241006.14263761 | $457.24 | 805.0009 | | WETH | $300,269.04 | 160.00866358 | $1,286.56 | 0.6859 | | MORPHO | $204,852.89 | 104927.88301722 | $49.83 | 25.5255 | | EURC | $165,763.25 | 143801.894527 | $538.51 | 467.0469 | | USDC | $143,544.01 | 143566.625589 | $12,061.14 | 12061.142 | | wstETH | $106,936.04 | 45.90424153 | $24.91 | 0.0107 | | AERO | $62,993.30 | 153732.53629089 | $3,031.18 | 7393.1315 | | USDS | $897.48 | 897.63310525 | $11.44 | 11.438 | | WELL | $67.48 | 23761.28888718 | $8,758.03 | 2919344.0581 | | cbBTC | $8.89 | 0.0001409 | $8,618.67 | 0.1365 | | weETH | $6.86 | 0.00331858 | $106.59 | 0.0516 | | rETH | $2.07 | 0.00094284 | $1,333.95 | 0.6081 | | LBTC | $1.00 | 0.00001579 | $31.72 | 0.0005 | | wrsETH | $0.95 | 0.00047019 | $2,374.72 | 1.1746 | | tBTC | $0.42 | 0.0000067 | $4,772.12 | 0.0757 | | MAMO | $0.41 | 46.64940039 | $427.37 | 47485.174 | | USDbC | $0.03 | 0.033621 | $4.23 | 4.227 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | +0% from 687.62 cbETH to 687.75 cbETH | +0% from 687.62 cbETH to 687.75 cbETH | 0% from 100.00% to 100.00% | | USDC | -1% from 12.92M USDC to 12.81M USDC | -4% from 14.85M USDC to 14.19M USDC | +4% from 87.02% to 90.31% | | USDS | +0% from 10.16K USDS to 10.18K USDS | -3% from 12.34K USDS to 11.92K USDS | +4% from 82.34% to 85.46% | | WETH | -0% from 3.87K WETH to 3.85K WETH | +4% from 4.50K WETH to 4.66K WETH | -4% from 85.98% to 82.64% | | EURC | +0% from 426.52K EURC to 427.78K EURC | -8% from 520.19K EURC to 479.13K EURC | +9% from 81.99% to 89.28% | | VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | -2% from 1.67M VIRTUAL to 1.65M VIRTUAL | +2% from 74.89% to 76.12% | | DAI | -2% from 12.53K DAI to 12.25K DAI | +0% from 21.31K DAI to 21.32K DAI | -2% from 58.78% to 57.45% | | MAMO | +3% from 2.44M MAMO to 2.52M MAMO | +1% from 4.36M MAMO to 4.41M MAMO | +2% from 56.02% to 57.29% | | cbXRP | +0% from 787.32K cbXRP to 787.47K cbXRP | -1% from 2.41M cbXRP to 2.40M cbXRP | +1% from 32.64% to 32.88% | | AERO | +2% from 5.82M AERO to 5.96M AERO | -1% from 19.41M AERO to 19.17M AERO | +4% from 30.01% to 31.11% | | cbBTC | -4% from 30.62 cbBTC to 29.36 cbBTC | -1% from 182.86 cbBTC to 181.37 cbBTC | -3% from 16.75% to 16.19% | | wstETH | +7% from 148.96 wstETH to 159.58 wstETH | +1% from 1.06K wstETH to 1.07K wstETH | +6% from 14.11% to 14.95% | | USDbC | -0% from 895.10 USDbC to 893.53 USDbC | +0% from 8.02K USDbC to 8.02K USDbC | -0% from 11.16% to 11.14% | | WELL | +7% from 17.80M WELL to 19.03M WELL | +0% from 180.16M WELL to 180.45M WELL | +7% from 9.88% to 10.54% | | tBTC | -4% from 0.07 tBTC to 0.07 tBTC | +0% from 0.87 tBTC to 0.87 tBTC | -4% from 8.27% to 7.97% | | LBTC | +3% from 4.26 LBTC to 4.41 LBTC | +0% from 55.25 LBTC to 55.42 LBTC | +3% from 7.71% to 7.95% | | MORPHO | -0% from 166.07K MORPHO to 166.06K MORPHO | -0% from 5.63M MORPHO to 5.62M MORPHO | +0% from 2.95% to 2.95% | | rETH | -0% from 11.05 rETH to 11.04 rETH | -2% from 725.85 rETH to 710.58 rETH | +2% from 1.52% to 1.55% | | VVV | +0% from 983.67 VVV to 987.96 VVV | +0% from 67.64K VVV to 67.66K VVV | +0% from 1.45% to 1.46% | | weETH | -2% from 0.19 weETH to 0.19 weETH | -0% from 62.02 weETH to 62.00 weETH | -2% from 0.31% to 0.31% | | wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% | ### Notable Trends - USDC supply -4% (14.85M → 14.19M USDC) - WETH supply +4% (4.50K → 4.66K WETH) - cbBTC borrows -4% (30.62 → 29.36 cbBTC) ### Liquidations - **Total liquidations:** 146 - **Total Collateral Seized (USD):** $14,185.43 - **Total Debt Repaid (USD):** $12,895.85 - **Total Liquidation Bonus (USD):** $1,289.58 - **Total Liquidator Bonus (USD):** $902.71 - **Total Protocol Bonus (USD):** $386.88 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | cbXRP | 13,316.669710 | $13,487.63 | $12,261.48 | $1,226.15 | $858.30 | $367.84 | 10 | | WETH | 0.159810 | $300.79 | $273.44 | $27.34 | $19.14 | $8.20 | 107 | | AERO | 634.248306 | $273.32 | $248.47 | $24.85 | $17.39 | $7.45 | 9 | | USDC | 94.702115 | $94.68 | $86.08 | $8.61 | $6.03 | $2.58 | 12 | | VIRTUAL | 35.260177 | $19.69 | $17.90 | $1.79 | $1.25 | $0.54 | 5 | | WELL | 3,167.832800 | $9.22 | $8.38 | $0.84 | $0.59 | $0.25 | 2 | | cbBTC | 0.000002 | $0.11 | $0.10 | $0.01 | $0.01 | $0.00 | 1 | ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/9/9714bdce10fbcbe7809982a0950ba036af518db7.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | USDC | 180.00M | 200.00M | 0.22% | 0.27% | 73.97% | | USDT | 180.00M | 200.00M | 0.18% | 0.27% | 59.94% | | WETH | 20.00K | 30.00K | 2.23% | 3.46% | 43.08% | | cbBTC | 600.00 | 1.00K | 0.70% | 1.37% | 30.73% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | -5% from 398.89K USDC to 380.85K USDC | -15% from 623.24K USDC to 527.12K USDC | +13% from 64.00% to 72.25% | | USDT | +24% from 290.58K USDT to 360.90K USDT | +20% from 528.75K USDT to 636.91K USDT | +3% from 54.96% to 56.66% | | WETH | +1% from 445.51 WETH to 449.31 WETH | +0% from 1.04K WETH to 1.04K WETH | +1% from 42.98% to 43.35% | | cbBTC | +0% from 4.21 cbBTC to 4.21 cbBTC | +0% from 13.71 cbBTC to 13.71 cbBTC | +0% from 30.73% to 30.73% | ### Notable Trends - USDT supply +20% (528.75K → 636.91K USDT) - USDC supply -15% (623.24K → 527.12K USDC) - USDT borrows +24% (290.58K → 360.90K USDT) - USDC borrows -5% (398.89K → 380.85K USDC) ### Liquidations No liquidation events this week. ## OP Mainnet ![image](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/5/5dd575a72ed621742ce564837756b6a1cf81e5e4.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDC | 34.00M | 36.40M | 1.61% | 1.84% | 81.69% | | DAI | 4.50M | 4.80M | 0.39% | 0.47% | 78.02% | | USDT | 18.40M | 22.60M | 0.17% | 0.21% | 67.30% | | WETH | 30.00K | 32.00K | 0.35% | 0.76% | 43.41% | | USDT0 | 8.00M | 10.00M | 0.19% | 0.36% | 41.55% | | weETH | 0.00 | 90.00 | 0.00% | 8.24% | 15.92% | | rETH | 0.00 | 750.00 | 0.00% | 1.95% | 14.01% | | OP | 650.00K | 5.60M | 14.66% | 12.72% | 13.37% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% | | wstETH | 0.00 | 5.00K | 0.00% | 2.86% | 1.47% | | VELO | 6.00M | 80.00M | 5.82% | 41.07% | 1.06% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.36% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $4,504.00 | 2.04321144 | $0.44 | 0.0002 | | cbETH | $412.00 | 0.19228614 | $19.84 | 0.0093 | | WETH | $68.00 | 0.03625041 | $58,218.23 | 31.0364 | | VELO | $25.00 | 1463.6109972 | $10,091.55 | 593620.5765 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDC | -1% from 551.23K USDC to 544.65K USDC | -1% from 673.73K USDC to 667.58K USDC | -0% from 81.82% to 81.59% | | DAI | +0% from 17.63K DAI to 17.68K DAI | -13% from 24.50K DAI to 21.25K DAI | +16% from 71.98% to 83.20% | | USDT | +0% from 32.11K USDT to 32.14K USDT | -1% from 48.20K USDT to 47.72K USDT | +1% from 66.62% to 67.35% | | WETH | -0% from 105.44 WETH to 105.44 WETH | +0% from 242.83 WETH to 243.23 WETH | -0% from 43.42% to 43.35% | | USDT0 | **-46% from 18.75K USDT0 to 10.15K USDT0** | +0% from 35.65K USDT0 to 35.66K USDT0 | **-46% from 52.58% to 28.45%** | | weETH | 0% from 1.18 weETH to 1.18 weETH | 0% from 7.42 weETH to 7.42 weETH | 0% from 15.92% to 15.92% | | rETH | +0% from 2.05 rETH to 2.05 rETH | -14% from 16.44 rETH to 14.22 rETH | +16% from 12.44% to 14.39% | | OP | +6% from 94.03K OP to 99.22K OP | -1% from 717.71K OP to 709.78K OP | +7% from 13.10% to 13.98% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.07% to 13.07% | | wstETH | +0% from 2.11 wstETH to 2.11 wstETH | -3% from 145.26 wstETH to 141.31 wstETH | +3% from 1.45% to 1.49% | | VELO | +3% from 347.32K VELO to 359.13K VELO | -5% from 33.71M VELO to 32.00M VELO | +9% from 1.03% to 1.12% | | wrsETH | 0% from 0.00 wrsETH to 0.00 wrsETH | 0% from 1.22 wrsETH to 1.22 wrsETH | 0% from 0.36% to 0.36% | ### Notable Trends - USDT0 borrows -46% (18.75K → 10.15K USDT0\*\*) - rETH supply -14% (16.44 → 14.22 rETH) ### Liquidations - **Total liquidations:** 2 - **Total Collateral Seized (USD):** $12.57 - **Total Debt Repaid (USD):** $11.43 - **Total Liquidation Bonus (USD):** $1.14 - **Total Liquidator Bonus (USD):** $0.80 - **Total Protocol Bonus (USD):** $0.34 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | VELO | 514.143000 | $12.10 | $11.00 | $1.10 | $0.77 | $0.33 | 1 | | OP | 5.342180 | $0.47 | $0.43 | $0.04 | $0.03 | $0.01 | 1 | ---
**Author:** ![AnthiasLabs](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.moonwell.fi/anthiaslabs/32/3489_2.png) [@AnthiasLabs](https://forum.moonwell.fi/u/AnthiasLabs)\ **Post date:** [August 21, 2026, 5:17am UTC](https://forum.moonwell.fi/t/anthias-labs-weekly-market-updates/1772/80 "2026-08-21T05:17:24Z")
# Weekly Update (8/14/26 - 8/20/26) Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum and OP Mainnet. Data from 8/14/26 to 8/20/26. More information can be found on our [monitoring dashboard](https://risk.anthias.xyz/moonwell/base/overview). ## Base ![image1](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/1/103419d952712549acc8fe916e8a11cdffff6aa0.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 4.00K | 0.00% | 17.19% | 100.00% | | EURC | 21.00M | 21.90M | 2.04% | 2.19% | 89.36% | | USDS | 690.00K | 750.00K | 1.45% | 1.52% | 87.98% | | USDC | 184.00M | 200.00M | 6.92% | 7.32% | 87.28% | | WETH | 64.00K | 96.00K | 6.02% | 4.85% | 82.69% | | VIRTUAL | 0.00 | 4.50M | 0.00% | 36.36% | 76.66% | | DAI | 300.00K | 400.00K | 4.16% | 5.33% | 58.61% | | MAMO | 3.00M | 20.00M | 84.86% | 22.33% | 57.05% | | cbXRP | 0.00 | 5.00M | 0.00% | 48.09% | 32.75% | | AERO | 7.50M | 70.00M | 77.86% | 27.30% | 30.56% | | cbBTC | 90.00 | 1.50K | 32.80% | 12.02% | 16.38% | | wstETH | 500.00 | 14.40K | 29.68% | 7.41% | 13.91% | | USDbC | 1.00 | 1.00 | 89.36K% | 801.72K% | 11.15% | | WELL | 34.00M | 250.00M | 55.42% | 72.41% | 10.41% | | tBTC | 5.00 | 50.00 | 1.21% | 1.71% | 7.06% | | LBTC | 10.00 | 95.00 | 17.24% | 54.88% | 3.21% | | MORPHO | 100.00K | 6.00M | 165.51% | 93.75% | 2.94% | | rETH | 200.00 | 2.60K | 5.52% | 27.33% | 1.55% | | VVV | 1.00K | 170.00K | 99.55% | 40.68% | 1.44% | | weETH | 0.00 | 5.40K | 0.00% | 1.14% | 0.31% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | cbETH | $1,807,077.29 | 675.08509606 | $7,473.20 | 2.8248 | | cbXRP | $978,118.69 | 745429.898143 | $1,933.07 | 1522.1021 | | VIRTUAL | $808,040.37 | 1241257.60765095 | $678.61 | 1058.6673 | | WETH | $376,506.44 | 160.01548194 | $1,808.05 | 0.7775 | | MORPHO | $240,059.81 | 104942.08946076 | $76.63 | 33.0748 | | EURC | $168,592.16 | 144135.169263 | $834.96 | 713.6437 | | USDC | $143,911.79 | 143921.305985 | $16,016.23 | 16016.2281 | | wstETH | $134,149.99 | 45.91211015 | $41.87 | 0.0145 | | AERO | $74,116.98 | 153950.30972642 | $4,921.99 | 10297.0512 | | USDS | $898.67 | 898.72128689 | $12.58 | 12.5814 | | WELL | $87.20 | 23772.62260614 | $11,686.52 | 2921629.3407 | | cbBTC | $10.58 | 0.00014099 | $10,053.18 | 0.1376 | | weETH | $8.60 | 0.00331861 | $132.20 | 0.0516 | | rETH | $2.60 | 0.00094286 | $1,654.49 | 0.6081 | | LBTC | $1.19 | 0.00001579 | $36.71 | 0.0005 | | wrsETH | $1.19 | 0.00047019 | $2,945.61 | 1.1746 | | tBTC | $0.50 | 0.0000067 | $5,541.16 | 0.0757 | | MAMO | $0.48 | 46.79079361 | $497.63 | 49762.5846 | | USDbC | $0.03 | 0.033625 | $4.32 | 4.316 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | -0% from 687.75 cbETH to 687.72 cbETH | -0% from 687.75 cbETH to 687.72 cbETH | 0% from 100.00% to 100.00% | | EURC | +0% from 427.78K EURC to 429.70K EURC | +11% from 479.64K EURC to 532.64K EURC | -10% from 89.19% to 80.67% | | USDS | -2% from 10.18K USDS to 9.96K USDS | -5% from 11.92K USDS to 11.28K USDS | +3% from 85.46% to 88.31% | | USDC | +0% from 12.81M USDC to 12.84M USDC | +10% from 14.16M USDC to 15.64M USDC | -9% from 90.46% to 82.12% | | WETH | -1% from 3.85K WETH to 3.80K WETH | -0% from 4.76K WETH to 4.76K WETH | -1% from 80.89% to 79.97% | | VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | -2% from 1.65M VIRTUAL to 1.62M VIRTUAL | +2% from 75.97% to 77.37% | | DAI | +3% from 12.25K DAI to 12.58K DAI | -0% from 21.32K DAI to 21.31K DAI | +3% from 57.45% to 59.00% | | MAMO | +1% from 2.52M MAMO to 2.56M MAMO | +11% from 4.41M MAMO to 4.88M MAMO | -9% from 57.29% to 52.40% | | cbXRP | +0% from 787.47K cbXRP to 787.62K cbXRP | +0% from 2.40M cbXRP to 2.41M cbXRP | -0% from 32.78% to 32.71% | | AERO | -14% from 5.94M AERO to 5.12M AERO | +2% from 19.16M AERO to 19.60M AERO | -16% from 31.00% to 26.12% | | cbBTC | -21% from 29.25 cbBTC to 23.25 cbBTC | +1% from 181.37 cbBTC to 183.89 cbBTC | -22% from 16.12% to 12.64% | | wstETH | -16% from 159.58 wstETH to 134.64 wstETH | -0% from 1.07K wstETH to 1.07K wstETH | -15% from 14.95% to 12.64% | | USDbC | +0% from 893.53 USDbC to 893.56 USDbC | -0% from 8.02K USDbC to 8.02K USDbC | +0% from 11.14% to 11.15% | | WELL | +1% from 19.03M WELL to 19.21M WELL | +2% from 180.45M WELL to 183.74M WELL | -1% from 10.54% to 10.45% | | tBTC | -13% from 0.07 tBTC to 0.06 tBTC | -1% from 0.87 tBTC to 0.86 tBTC | -12% from 8.00% to 7.06% | | LBTC | **-82% from 4.42 LBTC to 0.80 LBTC** | -9% from 55.42 LBTC to 50.58 LBTC | **-80% from 7.98% to 1.59%** | | MORPHO | -3% from 166.06K MORPHO to 161.07K MORPHO | -0% from 5.62M MORPHO to 5.62M MORPHO | -3% from 2.95% to 2.86% | | rETH | -0% from 11.04 rETH to 11.03 rETH | +1% from 710.58 rETH to 717.46 rETH | -1% from 1.55% to 1.54% | | VVV | -1% from 998.39 VVV to 990.96 VVV | +8% from 67.66K VVV to 73.14K VVV | -8% from 1.48% to 1.35% | | weETH | -0% from 0.19 weETH to 0.19 weETH | +8% from 62.06 weETH to 66.92 weETH | -7% from 0.31% to 0.28% | | wrsETH | -1% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | -1% from 0.03% to 0.03% | ### Notable Trends - USDC supply +10% (14.16M → 15.64M USDC) - cbBTC borrows -21% (29.25 → 23.25 cbBTC) - AERO borrows -14% (5.94M → 5.12M AERO) - LBTC supply -9% (55.42 → 50.58 LBTC) - LBTC borrows -82% (4.42 → 0.80 LBTC) ### Liquidations - **Total liquidations:** 64 - **Total Collateral Seized (USD):** $36,870.41 - **Total Debt Repaid (USD):** $33,518.55 - **Total Liquidation Bonus (USD):** $3,351.86 - **Total Liquidator Bonus (USD):** $2,346.30 - **Total Protocol Bonus (USD):** $1,005.56 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 27,895.232562 | $27,891.09 | $25,355.54 | $2,535.55 | $1,774.89 | $760.67 | 18 | | EURC | 4,947.880000 | $5,770.11 | $5,245.55 | $524.56 | $367.19 | $157.37 | 1 | | cbBTC | 0.019799 | $1,367.38 | $1,243.07 | $124.31 | $87.02 | $37.29 | 1 | | cbETH | 0.476751 | $1,030.10 | $936.45 | $93.65 | $65.55 | $28.09 | 4 | | AERO | 1,352.302445 | $554.52 | $504.11 | $50.41 | $35.29 | $15.12 | 5 | | cbXRP | 131.537791 | $131.11 | $119.19 | $11.92 | $8.34 | $3.58 | 5 | | WETH | 0.051776 | $106.16 | $96.51 | $9.65 | $6.76 | $2.90 | 28 | | VIRTUAL | 34.011503 | $19.95 | $18.13 | $1.81 | $1.27 | $0.54 | 2 | ## Ethereum ![image2](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/0/0a8ec5994913239135d3688366e644a86b2e41b6.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | USDC | 180.00M | 200.00M | 0.21% | 0.24% | 81.21% | | USDT | 180.00M | 200.00M | 0.19% | 0.23% | 76.61% | | WETH | 20.00K | 30.00K | 2.23% | 3.45% | 43.10% | | cbBTC | 600.00 | 1.00K | 0.70% | 1.26% | 34.06% | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | USDC | +0% from 380.85K USDC to 381.27K USDC | -8% from 527.12K USDC to 484.58K USDC | +9% from 72.25% to 78.68% | | USDT | -9% from 360.90K USDT to 328.35K USDT | -35% from 636.91K USDT to 414.40K USDT | +40% from 56.66% to 79.24% | | WETH | -0% from 449.31 WETH to 448.24 WETH | -0% from 1.04K WETH to 1.04K WETH | -0% from 43.35% to 43.26% | | cbBTC | +0% from 4.21 cbBTC to 4.21 cbBTC | -22% from 13.71 cbBTC to 10.72 cbBTC | +28% from 30.73% to 39.33% | ### Notable Trends - USDT supply -35% (636.91K → 414.40K USDT) - cbBTC supply -22% (13.71 → 10.72 cbBTC) - USDC supply -8% (527.12K → 484.58K USDC) - USDT borrows -9% (360.90K → 328.35K USDT) ### Liquidations No liquidation events this week. ## OP Mainnet ![image3](https://europe1.discourse-cdn.com/flex017/uploads/moonwell/original/2X/c/c61fa6b02961e48ab175cbf3cc2f9b9cbdae5f58.png) | Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization | | --- | --- | --- | --- | --- | --- | | cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.98% | | USDC | 34.00M | 36.40M | 1.61% | 1.85% | 80.99% | | DAI | 4.50M | 4.80M | 0.39% | 0.51% | 72.55% | | USDT | 18.40M | 22.60M | 0.17% | 0.21% | 67.36% | | WETH | 30.00K | 32.00K | 0.35% | 0.72% | 45.84% | | USDT0 | 8.00M | 10.00M | 0.13% | 0.36% | 29.10% | | OP | 650.00K | 5.60M | 18.54% | 12.58% | 17.13% | | weETH | 0.00 | 90.00 | 0.00% | 8.24% | 14.75% | | rETH | 0.00 | 750.00 | 0.00% | 1.90% | 14.39% | | WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% | | VELO | 6.00M | 80.00M | 8.18% | 39.47% | 1.56% | | wstETH | 0.00 | 5.00K | 0.00% | 2.83% | 1.49% | | wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.36% | ### Bad Debt & Reserves | **Market** | **Bad Debt (USD)** | **Bad Debt (tokens)** | **Reserves (USD)** | **Reserves (tokens)** | | --- | --- | --- | --- | --- | | rETH | $5,609.00 | 2.04383107 | $0.82 | 0.0003 | | cbETH | $513.00 | 0.19228614 | $24.60 | 0.0093 | | WETH | $85.00 | 0.03625579 | $72,162.20 | 31.038 | | VELO | $29.00 | 1464.25310056 | $11,873.68 | 593684.1936 | ### Week-over-Week Changes | Asset | Total Borrow | Total Supply | Utilization | | --- | --- | --- | --- | | cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 99.98% to 99.98% | | USDC | +3% from 543.35K USDC to 559.52K USDC | +16% from 667.60K USDC to 775.16K USDC | -11% from 81.39% to 72.18% | | DAI | +0% from 17.68K DAI to 17.71K DAI | +20% from 21.25K DAI to 25.49K DAI | -16% from 83.20% to 69.48% | | USDT | -0% from 32.14K USDT to 32.11K USDT | +0% from 47.72K USDT to 47.73K USDT | -0% from 67.35% to 67.29% | | WETH | +0% from 105.44 WETH to 105.46 WETH | -2% from 243.23 WETH to 238.70 WETH | +2% from 43.35% to 44.18% | | USDT0 | +0% from 10.15K USDT0 to 10.15K USDT0 | -1% from 35.66K USDT0 to 35.43K USDT0 | +1% from 28.45% to 28.65% | | OP | **+44% from 99.21K OP to 143.32K OP** | -1% from 709.78K OP to 699.50K OP | **+47% from 13.98% to 20.49%** | | weETH | **-72% from 1.18 weETH to 0.33 weETH** | +0% from 7.42 weETH to 7.42 weETH | **-72% from 15.92% to 4.39%** | | rETH | +0% from 2.05 rETH to 2.05 rETH | -0% from 14.22 rETH to 14.22 rETH | +0% from 14.39% to 14.39% | | WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.07% to 13.07% | | VELO | **+459% from 359.14K VELO to 2.01M VELO** | -3% from 31.92M VELO to 31.06M VELO | **+474% from 1.13% to 6.46%** | | wstETH | 0% from 2.11 wstETH to 2.11 wstETH | -0% from 141.31 wstETH to 141.30 wstETH | +0% from 1.49% to 1.49% | | wrsETH | -9% from 0.00 wrsETH to 0.00 wrsETH | 0% from 1.22 wrsETH to 1.22 wrsETH | -9% from 0.36% to 0.33% | ### Notable Trends - USDC supply +16% (667.60K → 775.16K USDC) - VELO borrows +459% (359.14K → 2.01M VELO) - DAI supply +20% (21.25K → 25.49K DAI) ### Liquidations - **Total liquidations:** 25 - **Total Collateral Seized (USD):** $2,456.46 - **Total Debt Repaid (USD):** $2,233.14 - **Total Liquidation Bonus (USD):** $223.31 - **Total Liquidator Bonus (USD):** $156.32 - **Total Protocol Bonus (USD):** $66.99 | Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count | | --- | --- | --- | --- | --- | --- | --- | --- | | USDC | 2,418.225500 | $2,417.86 | $2,198.05 | $219.81 | $153.86 | $65.94 | 14 | | OP | 311.258530 | $25.71 | $23.37 | $2.34 | $1.64 | $0.70 | 6 | | USDT0 | 9.519091 | $9.51 | $8.64 | $0.86 | $0.61 | $0.26 | 2 | | rETH | 0.000469 | $1.15 | $1.04 | $0.10 | $0.07 | $0.03 | 1 | | USDT | 1.134690 | $1.13 | $1.03 | $0.10 | $0.07 | $0.03 | 1 | | DAI | 1.101060 | $1.10 | $1.00 | $0.10 | $0.07 | $0.03 | 1 | [Previous 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