Weekly Update (8/15/25 - 8/21/25)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP mainnet, Moonbeam, and Moonriver. Data from 8/15/25 to 8/21/25. More information can be found on our monitoring dashboard.
Base
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| USDS | 690.00K | 750.00K | 2.33% | 2.41% | 89.19% |
| USDC | 184.00M | 200.00M | 28.93% | 29.90% | 89.09% |
| WETH | 64.00K | 96.00K | 29.20% | 22.43% | 86.70% |
| EURC | 21.00M | 21.90M | 11.37% | 14.82% | 74.01% |
| DAI | 300.00K | 400.00K | 6.78% | 7.77% | 65.43% |
| AERO | 25.00M | 70.00M | 31.42% | 38.81% | 28.92% |
| VIRTUAL | 2.30M | 4.50M | 27.72% | 50.00% | 28.52% |
| WELL | 75.00M | 220.00M | 52.64% | 72.96% | 24.60% |
| LBTC | 38.00 | 95.00 | 23.00% | 46.00% | 20.00% |
| tBTC | 36.00 | 90.00 | 4.70% | 9.73% | 19.31% |
| cbBTC | 640.00 | 1.50K | 18.98% | 44.22% | 18.31% |
| cbXRP | 1.60M | 3.00M | 15.96% | 53.93% | 15.80% |
| USDbC | 1.00 | 1.00 | 148.17K% | 1.00M% | 14.76% |
| MORPHO | 1.00M | 6.00M | 62.67% | 99.74% | 10.47% |
| wstETH | 4.80K | 14.40K | 3.85% | 31.11% | 4.12% |
| cbETH | 6.40K | 16.00K | 1.36% | 15.21% | 3.55% |
| rETH | 900.00 | 2.60K | 3.32% | 40.23% | 2.86% |
| wrsETH | 430.00 | 1.00K | 0.75% | 12.12% | 2.64% |
| weETH | 700.00 | 4.00K | 4.67% | 75.66% | 1.08% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | +34% from 13.78K USDS to 18.54K USDS | +27% from 16.11K USDS to 20.40K USDS | +6% from 85.58% to 90.89% |
| USDC | -0% from 56.26M USDC to 56.11M USDC | +0% from 62.56M USDC to 62.73M USDC | -1% from 89.94% to 89.44% |
| WETH | +6% from 17.59K WETH to 18.65K WETH | +5% from 20.61K WETH to 21.56K WETH | +1% from 85.35% to 86.51% |
| EURC | -5% from 2.44M EURC to 2.31M EURC | -1% from 2.99M EURC to 2.97M EURC | -4% from 81.58% to 77.97% |
| DAI | -0% from 20.34K DAI to 20.33K DAI | -1% from 31.25K DAI to 31.01K DAI | +1% from 65.06% to 65.57% |
| AERO | +25% from 7.89M AERO to 9.88M AERO | -3% from 27.52M AERO to 26.82M AERO | +29% from 28.65% to 36.82% |
| VIRTUAL | +137% from 399.94K VIRTUAL to 949.70K VIRTUAL | +41% from 1.77M VIRTUAL to 2.50M VIRTUAL | +68% from 22.60% to 37.94% |
| WELL | +17% from 36.07M WELL to 42.08M WELL | +7% from 151.92M WELL to 162.02M WELL | +9% from 23.74% to 25.97% |
| LBTC | +9% from 8.43 LBTC to 9.20 LBTC | -0% from 43.51 LBTC to 43.51 LBTC | +9% from 19.37% to 21.15% |
| tBTC | +26% from 1.41 tBTC to 1.78 tBTC | +18% from 8.07 tBTC to 9.50 tBTC | +7% from 17.48% to 18.77% |
| cbBTC | +12% from 115.59 cbBTC to 128.96 cbBTC | +0% from 663.02 cbBTC to 663.53 cbBTC | +11% from 17.43% to 19.43% |
| cbXRP | +4% from 248.86K cbXRP to 258.77K cbXRP | +11% from 1.51M cbXRP to 1.67M cbXRP | -6% from 16.49% to 15.46% |
| USDbC | +0% from 1.48K USDbC to 1.48K USDbC | -0% from 10.04K USDbC to 10.03K USDbC | +0% from 14.75% to 14.77% |
| MORPHO | -5% from 644.74K MORPHO to 609.81K MORPHO | -1% from 6.00M MORPHO to 5.92M MORPHO | -4% from 10.74% to 10.30% |
| wstETH | +33% from 151.29 wstETH to 200.91 wstETH | -1% from 4.51K wstETH to 4.46K wstETH | +34% from 3.35% to 4.51% |
| cbETH | -54% from 162.06 cbETH to 74.23 cbETH | -5% from 2.53K cbETH to 2.39K cbETH | -52% from 6.40% to 3.10% |
| rETH | -46% from 43.20 rETH to 23.18 rETH | -0% from 1.05K rETH to 1.05K rETH | -46% from 4.12% to 2.21% |
| wrsETH | +0% from 3.20 wrsETH to 3.20 wrsETH | -1% from 121.39 wrsETH to 120.37 wrsETH | +1% from 2.64% to 2.66% |
| weETH | +3% from 32.49 weETH to 33.35 weETH | -0% from 3.03K weETH to 3.02K weETH | +3% from 1.07% to 1.10% |
Notable Trends
- VIRTUAL supply increased 41% from 1.77M to 2.50M VIRTUAL
- VIRTUAL borrows increased 137% from 399.94K to 949.70K VIRTUAL
- AERO borrows increased 25% from 7.89M to 9.88M AERO
- cbETH borrows decreased 54% from 162.06 to 74.23 cbETH
- rETH borrows decreased 46% from 43.20 to 23.18 rETH
- wstETH borrows increased 33% from 151.29 to 200.91 wstETH
Liquidations
- Total liquidations: 109
- Total Collateral Seized (USD): $506,904.95
- Total Debt Repaid (USD): $460,822.68
- Total Liquidation Bonus (USD): $46,082.27
- Total Liquidator Bonus (USD): $32,257.59
- Total Protocol Bonus (USD): $13,824.68
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbBTC | 3.428561 | $400,812.42 | $364,374.92 | $36,437.49 | $25,506.24 | $10,931.25 | 13 |
| cbXRP | 21,392.342711 | $64,116.79 | $58,287.99 | $5,828.80 | $4,080.16 | $1,748.64 | 8 |
| USDC | 28,862.457738 | $28,859.72 | $26,236.11 | $2,623.61 | $1,836.53 | $787.08 | 14 |
| AERO | 4,618.774800 | $6,397.86 | $5,816.24 | $581.62 | $407.14 | $174.49 | 11 |
| WELL | 175,969.380000 | $4,954.52 | $4,504.11 | $450.41 | $315.29 | $135.12 | 4 |
| WETH | 0.258181 | $1,098.56 | $998.69 | $99.87 | $69.91 | $29.96 | 51 |
| VIRTUAL | 396.192100 | $478.90 | $435.36 | $43.54 | $30.48 | $13.06 | 2 |
| wstETH | 0.029120 | $157.47 | $143.16 | $14.32 | $10.02 | $4.29 | 1 |
| EURC | 16.033660 | $18.72 | $17.02 | $1.70 | $1.19 | $0.51 | 2 |
| USDbC | 4.820630 | $4.82 | $4.38 | $0.44 | $0.31 | $0.13 | 1 |
| tBTC | 0.000043 | $4.80 | $4.37 | $0.44 | $0.31 | $0.13 | 1 |
| cbETH | 0.000076 | $0.37 | $0.34 | $0.03 | $0.02 | $0.01 | 1 |
OP Mainnet
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| WETH | 30.00K | 32.00K | 21.78% | 22.86% | 89.37% |
| USDC | 34.00M | 36.40M | 24.47% | 25.60% | 89.32% |
| USDT | 18.40M | 22.60M | 2.70% | 2.48% | 88.37% |
| DAI | 4.50M | 4.80M | 8.25% | 8.71% | 87.75% |
| USDT0 | 8.00M | 10.00M | 10.03% | 9.76% | 82.45% |
| OP | 650.00K | 5.60M | 45.06% | 40.65% | 12.89% |
| VELO | 20.00M | 68.00M | 11.99% | 70.22% | 5.03% |
| rETH | 340.00 | 750.00 | 1.27% | 13.81% | 4.36% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 4.33% |
| wstETH | 1.50K | 5.00K | 2.41% | 16.99% | 4.26% |
| wrsETH | 160.00 | 400.00 | 0.40% | 5.98% | 2.69% |
| weETH | 220.00 | 1.20K | 5.89% | 99.98% | 1.08% |
| cbETH | 0.00 | 10.00 | 0.00% | 8.56% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | -8% from 8.17K WETH to 7.49K WETH | -7% from 9.10K WETH to 8.47K WETH | -2% from 89.85% to 88.39% |
| USDC | +5% from 9.33M USDC to 9.81M USDC | +6% from 10.38M USDC to 10.98M USDC | -1% from 89.90% to 89.36% |
| USDT | -32% from 550.63K USDT to 373.49K USDT | -28% from 617.80K USDT to 443.55K USDT | -6% from 89.13% to 84.21% |
| DAI | -30% from 363.74K DAI to 252.81K DAI | -23% from 396.02K DAI to 303.24K DAI | -9% from 91.85% to 83.37% |
| USDT0 | -9% from 1.03M USDT0 to 935.61K USDT0 | -13% from 1.30M USDT0 to 1.12M USDT0 | +5% from 79.11% to 83.33% |
| OP | +6% from 278.46K OP to 296.07K OP | -7% from 2.32M OP to 2.16M OP | +14% from 12.00% to 13.72% |
| VELO | -11% from 2.42M VELO to 2.16M VELO | +8% from 46.24M VELO to 50.01M VELO | -18% from 5.24% to 4.31% |
| rETH | +1095% from 0.61 rETH to 7.32 rETH | -26% from 136.58 rETH to 101.20 rETH | +1512% from 0.45% to 7.23% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.07 WBTC to 0.07 WBTC | 0% from 4.33% to 4.33% |
| wstETH | -7% from 37.72 wstETH to 35.15 wstETH | -5% from 881.17 wstETH to 841.05 wstETH | -2% from 4.28% to 4.18% |
| wrsETH | -2% from 0.65 wrsETH to 0.63 wrsETH | +1% from 23.88 wrsETH to 24.01 wrsETH | -3% from 2.71% to 2.64% |
| weETH | +13% from 11.59 weETH to 13.10 weETH | +0% from 1.20K weETH to 1.20K weETH | +13% from 0.97% to 1.09% |
| cbETH | 0% from 0.00 cbETH to 0.00 cbETH | -7% from 0.88 cbETH to 0.81 cbETH | +8% from 0.02% to 0.02% |
Notable Trends
- rETH borrows increased 1095% from 0.61 to 7.32 rETH
- USDT supply decreased 28% from 617.80K to 443.55K USDT
- USDT borrows decreased 32% from 550.63K to 373.49K USDT
Liquidations
- Total liquidations: 4
- Total Collateral Seized (USD): $278.99
- Total Debt Repaid (USD): $253.63
- Total Liquidation Bonus (USD): $25.36
- Total Liquidator Bonus (USD): $17.75
- Total Protocol Bonus (USD): $7.61
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| OP | 246.885974 | $180.44 | $164.03 | $16.40 | $11.48 | $4.92 | 2 |
| VELO | 1,444.350000 | $72.90 | $66.27 | $6.63 | $4.64 | $1.99 | 1 |
| WETH | 0.005802 | $25.66 | $23.33 | $2.33 | $1.63 | $0.70 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 6725.29M% | 63.09% |
| xcUSDC | 0.10 | 91.15M% | 55.84% |
| xcUSDT | 0.10 | 81.30M% | 44.97% |
| USDC_wh | 0.10 | 42.05M% | 35.98% |
| BTC_wh | 0.10 | 100.10% | 8.41% |
| xcDOT | 0.10 | 23.16M% | 100% |
| ETH_wh | 0.10 | 1.24K% | 2.63% |
| FRAX | 0.10 | 447.94K% | 44.90% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +1% from 6.69M GLMR to 6.75M GLMR | +1% from 10.57M GLMR to 10.70M GLMR | -0% from 63.36% to 63.14% |
| xcUSDC | +0% from 91.09K xcUSDC to 91.24K xcUSDC | +0% from 163.29K xcUSDC to 163.31K xcUSDC | +0% from 55.79% to 55.87% |
| xcUSDT | -1% from 81.37K xcUSDT to 80.92K xcUSDT | -2% from 181.69K xcUSDT to 178.48K xcUSDT | +1% from 44.78% to 45.34% |
| USDC_wh | +1% from 41.88K USDC_wh to 42.33K USDC_wh | -4% from 119.86K USDC_wh to 115.59K USDC_wh | +5% from 34.94% to 36.62% |
| BTC_wh | 0% from 0.10 BTC_wh to 0.10 BTC_wh | 0% from 1.19 BTC_wh to 1.19 BTC_wh | 0% from 8.41% to 8.41% |
| xcDOT | +0% from 23.16K xcDOT to 23.17K xcDOT | +0% from 536.57K xcDOT to 536.58K xcDOT | +0% from 100% to 100% |
| ETH_wh | -0% from 1.24 ETH_wh to 1.24 ETH_wh | -0% from 46.99 ETH_wh to 46.99 ETH_wh | -0% from 2.65% to 2.63% |
| FRAX | +0% from 447.94 FRAX to 447.94 FRAX | +0% from 40.77K FRAX to 40.77K FRAX | +0% from 44.90% to 44.90% |
Liquidations
- Total liquidations: 2
- Total Collateral Seized (USD): $41.64
- Total Debt Repaid (USD): $37.86
- Total Liquidation Bonus (USD): $3.79
- Total Liquidator Bonus (USD): $2.65
- Total Protocol Bonus (USD): $1.14
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| GLMR | 565.203000 | $41.64 | $37.86 | $3.79 | $2.65 | $1.14 | 2 |
Moonriver
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcKSM | 0.10 | 6.59M% | 43.55% |
| FRAX | 0.10 | 64.39M% | 19.57% |
| MOVR | 0.10 | 3.57M% | 2.41% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | +0% from 6.58K xcKSM to 6.59K xcKSM | -1% from 15.13K xcKSM to 15.06K xcKSM | +1% from 43.50% to 43.76% |
| FRAX | 0% from 64.39K FRAX to 64.39K FRAX | 0% from 329.00K FRAX to 329.00K FRAX | 0% from 19.57% to 19.57% |
| MOVR | +0% from 3.57K MOVR to 3.57K MOVR | -1% from 148.66K MOVR to 147.80K MOVR | +1% from 2.40% to 2.42% |
Liquidations
No liquidation events on Moonriver this week.