Weekly Update (7/5/25 - 7/12/25)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Optimism, Moonbeam, and Moonriver. Data from 7/5/25 to 7/12/25. More information can be found on our monitoring dashboard: link.
Base
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| USDC | 184.00M | 200.00M | 43.17% | 44.58% | 89.10% |
| USDS | 690.00K | 750.00K | 1.46% | 1.55% | 86.90% |
| WETH | 64.00K | 96.00K | 37.53% | 30.92% | 80.93% |
| EURC | 21.00M | 21.90M | 20.12% | 28.21% | 68.42% |
| DAI | 300.00K | 400.00K | 6.33% | 7.90% | 60.05% |
| AERO | 25.00M | 70.00M | 52.83% | 34.48% | 54.71% |
| cbXRP | 500.00K | 1.00M | 21.11% | 34.23% | 31.72% |
| VIRTUAL | 2.30M | 4.50M | 23.86% | 40.71% | 29.84% |
| tBTC | 36.00 | 90.00 | 8.43% | 13.42% | 25.18% |
| LBTC | 38.00 | 95.00 | 28.69% | 50.00% | 22.95% |
| cbBTC | 640.00 | 1.50K | 18.74% | 48.63% | 16.44% |
| WELL | 75.00M | 150.00M | 26.80% | 97.74% | 13.70% |
| MORPHO | 1.00M | 4.00M | 53.22% | 98.92% | 13.45% |
| USDbC | 1.00 | 1.00 | 155.05K% | 1.16M% | 13.38% |
| cbETH | 6.40K | 16.00K | 1.08% | 16.53% | 2.62% |
| wstETH | 4.80K | 14.40K | 1.93% | 31.22% | 2.06% |
| weETH | 700.00 | 4.00K | 4.45% | 45.84% | 2.02% |
| rETH | 900.00 | 2.60K | 2.35% | 47.33% | 1.72% |
| wrsETH | 430.00 | 1.00K | 0.15% | 15.16% | 0.42% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | -5% from 82.75M USDC to 78.44M USDC | -3% from 92.52M USDC to 89.68M USDC | -2% from 89.44% to 87.47% |
| USDS | +27% from 9.27K USDS to 11.79K USDS | +23% from 11.23K USDS to 13.77K USDS | +4% from 82.54% to 85.63% |
| WETH | +10% from 23.31K WETH to 25.62K WETH | +13% from 28.42K WETH to 32.07K WETH | -3% from 82.03% to 79.87% |
| EURC | +26% from 4.05M EURC to 5.09M EURC | +3% from 6.27M EURC to 6.47M EURC | +22% from 64.66% to 78.75% |
| DAI | +1% from 18.94K DAI to 19.13K DAI | -1% from 31.71K DAI to 31.51K DAI | +2% from 59.71% to 60.71% |
| AERO | +3% from 12.24M AERO to 12.63M AERO | +0% from 24.07M AERO to 24.15M AERO | +3% from 50.84% to 52.30% |
| cbXRP | +0% from 109.42K cbXRP to 109.48K cbXRP | +52% from 287.48K cbXRP to 435.71K cbXRP | -34% from 38.06% to 25.13% |
| VIRTUAL | +7% from 413.17K VIRTUAL to 440.19K VIRTUAL | +4% from 1.70M VIRTUAL to 1.77M VIRTUAL | +2% from 24.34% to 24.85% |
| tBTC | -21% from 3.04 tBTC to 2.40 tBTC | -12% from 12.63 tBTC to 11.08 tBTC | -10% from 24.06% to 21.67% |
| LBTC | +20% from 9.41 LBTC to 11.33 LBTC | +4% from 46.06 LBTC to 47.82 LBTC | +16% from 20.43% to 23.70% |
| cbBTC | +1% from 118.16 cbBTC to 119.24 cbBTC | +2% from 725.50 cbBTC to 742.98 cbBTC | -1% from 16.29% to 16.05% |
| WELL | +51% from 16.40M WELL to 24.82M WELL | +4% from 143.49M WELL to 148.79M WELL | +46% from 11.43% to 16.68% |
| MORPHO | -0% from 526.06K MORPHO to 523.59K MORPHO | -1% from 4.00M MORPHO to 3.96M MORPHO | +1% from 13.15% to 13.23% |
| USDbC | +0% from 1.55K USDbC to 1.55K USDbC | -9% from 11.73K USDbC to 10.65K USDbC | +10% from 13.21% to 14.55% |
| cbETH | -17% from 72.67 cbETH to 60.38 cbETH | -2% from 2.66K cbETH to 2.61K cbETH | -15% from 2.73% to 2.32% |
| wstETH | +92% from 90.15 wstETH to 172.88 wstETH | +6% from 4.60K wstETH to 4.85K wstETH | +82% from 1.96% to 3.57% |
| weETH | +0% from 31.15 weETH to 31.16 weETH | -72% from 1.99K weETH to 559.74 weETH | +256% from 1.57% to 5.57% |
| rETH | -47% from 23.22 rETH to 12.24 rETH | -1% from 1.23K rETH to 1.22K rETH | -47% from 1.88% to 1.00% |
| wrsETH | -21% from 0.61 wrsETH to 0.48 wrsETH | +2% from 151.25 wrsETH to 154.04 wrsETH | -22% from 0.40% to 0.31% |
Notable Trends
- WELL borrows increased 51% from 16.4M to 24.82M WELL
- wstETH borrows increased 92% from 90.15 to 172.88 wstETH
- cbXRP supply increased 52% from 287.48K to 435.71K cbXRP
- weETH supply decreased 72% from 1.99K to 559.74 weETH
Liquidations
- Total liquidations: 71
- Total Collateral Seized (USD): $202,509.72
| Asset | Total Seized (Tokens) | Total Seized (USD) | Liquidation Count |
|---|---|---|---|
| cbBTC | 1.275812 | $137,638.00 | 3 |
| USDC | 26,956.978949 | $26,953.99 | 27 |
| AERO | 14,283.068200 | $10,416.70 | 8 |
| wstETH | 3.288692 | $10,020.54 | 3 |
| WETH | 3.802628 | $9,551.61 | 21 |
| LBTC | 0.029133 | $3,379.89 | 1 |
| VIRTUAL | 1,872.323000 | $3,059.24 | 2 |
| cbXRP | 591.310000 | $1,379.11 | 2 |
| EURC | 91.782930 | $107.16 | 2 |
| WELL | 114.443000 | $3.23 | 1 |
| weETH | 0.000077 | $0.25 | 1 |
Optimism
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| WETH | 30.00K | 32.00K | 34.43% | 36.56% | 88.30% |
| USDC | 34.00M | 36.40M | 26.72% | 28.68% | 87.09% |
| DAI | 4.50M | 4.80M | 6.96% | 7.49% | 85.64% |
| USDT | 18.40M | 22.60M | 1.90% | 1.82% | 83.21% |
| USDT0 | 8.00M | 10.00M | 28.08% | 29.75% | 75.55% |
| wrsETH | 160.00 | 400.00 | 2.66% | 9.04% | 11.79% |
| VELO | 20.00M | 68.00M | 16.51% | 58.54% | 8.29% |
| rETH | 340.00 | 750.00 | 3.38% | 19.97% | 7.69% |
| OP | 650.00K | 5.60M | 24.36% | 44.00% | 6.43% |
| wstETH | 1.50K | 5.00K | 3.60% | 20.84% | 5.18% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 4.31% |
| weETH | 220.00 | 1.20K | 5.96% | 98.89% | 1.11% |
| cbETH | 0.00 | 10.00 | 0.00% | 9.00% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | +4% from 10.40K WETH to 10.79K WETH | +4% from 11.88K WETH to 12.31K WETH | +0% from 87.57% to 87.69% |
| USDC | +20% from 9.03M USDC to 10.80M USDC | +19% from 10.51M USDC to 12.52M USDC | +0% from 85.89% to 86.28% |
| DAI | -30% from 473.01K DAI to 330.95K DAI | -26% from 518.77K DAI to 385.01K DAI | -6% from 91.18% to 85.96% |
| USDT | +76% from 306.50K USDT to 538.63K USDT | +63% from 368.95K USDT to 599.92K USDT | +8% from 83.07% to 89.78% |
| USDT0 | -31% from 2.54M USDT0 to 1.76M USDT0 | -36% from 3.41M USDT0 to 2.17M USDT0 | +9% from 74.52% to 81.33% |
| wrsETH | -1% from 4.29 wrsETH to 4.26 wrsETH | +3% from 35.17 wrsETH to 36.26 wrsETH | -4% from 12.20% to 11.74% |
| VELO | +4% from 3.00M VELO to 3.12M VELO | +2% from 39.03M VELO to 39.87M VELO | +2% from 7.68% to 7.83% |
| rETH | +0% from 11.49 rETH to 11.50 rETH | +39% from 108.85 rETH to 150.91 rETH | -28% from 10.56% to 7.62% |
| OP | +11% from 145.05K OP to 161.50K OP | -1% from 2.49M OP to 2.46M OP | +13% from 5.83% to 6.56% |
| wstETH | +16% from 49.29 wstETH to 57.04 wstETH | +10% from 1.01K wstETH to 1.11K wstETH | +5% from 4.90% to 5.16% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.07 WBTC to 0.07 WBTC | +0% from 4.31% to 4.32% |
| weETH | -35% from 13.69 weETH to 8.85 weETH | -1% from 1.20K weETH to 1.19K weETH | -35% from 1.14% to 0.74% |
| cbETH | 0% from 0.00 cbETH to 0.00 cbETH | 0% from 0.90 cbETH to 0.90 cbETH | +0% from 0.02% to 0.02% |
Notable Trends
- USDT borrows increased 76% from 306.50K to 538.63K USDT
- USDT supply increased 63% from 368.95K to 599.92K USDT
Liquidations
- Total liquidations: 6
- Total Collateral Seized (USD): $17,425.71
| Asset | Total Seized (Tokens) | Total Seized (USD) | Liquidation Count |
|---|---|---|---|
| USDT0 | 131.993058 | $13,203.21 | 3 |
| USDC | 4,222.530000 | $4,222.12 | 1 |
| OP | 5,207,780,000.000000 | $0.27 | 1 |
| WETH | 0.000045 | $0.12 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|
| GLMR | 0.10 | 0.00 | 6444.00M% | 58.51% |
| xcUSDC | 0.10 | 0.00 | 100.34M% | 38.61% |
| xcUSDT | 0.10 | 0.00 | 90.79M% | 37.21% |
| USDC_wh | 0.10 | 0.00 | 43.27M% | 34.75% |
| xcDOT | 0.10 | 0.00 | 23.37M% | 4.27% |
| ETH_wh | 0.10 | 0.00 | 1.39K% | 2.71% |
| FRAX | 0.10 | 0.00 | 455.11K% | 0.80% |
| BTC_wh | 0.10 | 0.00 | 9.28% | 0.74% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 6.43M GLMR to 6.46M GLMR | -6% from 11.15M GLMR to 10.49M GLMR | +7% from 57.67% to 61.61% |
| xcUSDC | -1% from 100.64K xcUSDC to 99.97K xcUSDC | +5% from 254.10K xcUSDC to 267.72K xcUSDC | -6% from 39.61% to 37.34% |
| xcUSDT | -7% from 92.57K xcUSDT to 85.73K xcUSDT | +18% from 241.11K xcUSDT to 283.53K xcUSDT | -21% from 38.40% to 30.24% |
| USDC_wh | -1% from 43.33K USDC_wh to 42.92K USDC_wh | +0% from 124.44K USDC_wh to 124.61K USDC_wh | -1% from 34.82% to 34.44% |
| xcDOT | -0% from 23.37K xcDOT to 23.37K xcDOT | +1% from 545.51K xcDOT to 548.51K xcDOT | -1% from 4.28% to 4.26% |
| ETH_wh | -2% from 1.41 ETH_wh to 1.37 ETH_wh | +0% from 51.30 ETH_wh to 51.30 ETH_wh | -2% from 2.74% to 2.68% |
| FRAX | +0% from 455.10 FRAX to 455.12 FRAX | -10% from 56.32K FRAX to 50.52K FRAX | +11% from 0.81% to 0.90% |
| BTC_wh | -34% from 0.01 BTC_wh to 0.01 BTC_wh | 0% from 1.24 BTC_wh to 1.24 BTC_wh | -34% from 0.82% to 0.54% |
Liquidations
- Total liquidations: 2
- Total Collateral Seized (USD): $38.59
| Asset | Total Seized (Tokens) | Total Seized (USD) | Liquidation Count |
|---|---|---|---|
| GLMR | 567.755860 | $38.59 | 2 |
Moonriver
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|
| xcKSM | 0.10 | 0.00 | 6.89M% | 37.18% |
| FRAX | 0.10 | 0.00 | 76.87M% | 23.78% |
| MOVR | 0.10 | 0.00 | 3.80M% | 2.53% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | -20% from 8.43K xcKSM to 6.78K xcKSM | -10% from 20.06K xcKSM to 18.15K xcKSM | -11% from 42.01% to 37.34% |
| FRAX | +0% from 76.78K FRAX to 77.03K FRAX | -9% from 354.43K FRAX to 321.42K FRAX | +11% from 21.66% to 23.96% |
| MOVR | +0% from 3.80K MOVR to 3.80K MOVR | +0% from 150.43K MOVR to 150.47K MOVR | -0% from 2.53% to 2.53% |
Liquidations
No liquidations on Moonriver this week.