Weekly Update (9/5/25 - 9/11/25)
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 9/5/25 to 9/11/25. More information can be found on our monitoring dashboard.
Base
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| USDC | 184.00M | 200.00M | 25.24% | 25.92% | 89.57% |
| WETH | 64.00K | 96.00K | 18.34% | 14.17% | 86.19% |
| EURC | 21.00M | 21.90M | 11.31% | 12.91% | 84.20% |
| USDS | 690.00K | 750.00K | 2.49% | 2.89% | 80.56% |
| DAI | 300.00K | 400.00K | 6.30% | 7.71% | 61.30% |
| AERO | 25.00M | 70.00M | 37.13% | 37.71% | 35.16% |
| WELL | 75.00M | 220.00M | 81.10% | 79.19% | 34.93% |
| VIRTUAL | 2.30M | 4.50M | 10.92% | 33.14% | 16.95% |
| USDbC | 1.00 | 1.00 | 146.70K% | 999.46K% | 14.68% |
| cbXRP | 1.60M | 3.00M | 12.04% | 69.70% | 9.18% |
| cbBTC | 640.00 | 1.50K | 7.48% | 39.73% | 7.92% |
| LBTC | 38.00 | 95.00 | 6.58% | 44.09% | 5.63% |
| MORPHO | 1.00M | 6.00M | 23.39% | 88.58% | 4.29% |
| tBTC | 36.00 | 90.00 | 1.22% | 11.85% | 3.81% |
| wstETH | 4.80K | 14.40K | 2.35% | 29.22% | 2.69% |
| cbETH | 6.40K | 16.00K | 0.94% | 14.22% | 2.64% |
| rETH | 900.00 | 2.60K | 2.54% | 40.42% | 2.18% |
| weETH | 700.00 | 4.00K | 4.79% | 78.76% | 1.07% |
| wrsETH | 430.00 | 1.00K | 0.22% | 11.81% | 0.80% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | -19% from 55.88M USDC to 45.42M USDC | -19% from 62.42M USDC to 50.87M USDC | -0% from 89.53% to 89.28% |
| WETH | -26% from 17.47K WETH to 12.94K WETH | -27% from 19.65K WETH to 14.26K WETH | +2% from 88.88% to 90.73% |
| EURC | +4% from 2.30M EURC to 2.39M EURC | -2% from 2.66M EURC to 2.62M EURC | +5% from 86.48% to 91.08% |
| USDS | +84% from 12.58K USDS to 23.12K USDS | +83% from 14.15K USDS to 25.86K USDS | +1% from 88.89% to 89.41% |
| DAI | +0% from 18.17K DAI to 18.20K DAI | -0% from 30.88K DAI to 30.87K DAI | +0% from 58.86% to 58.96% |
| AERO | -2% from 9.55M AERO to 9.37M AERO | +1% from 26.00M AERO to 26.38M AERO | -3% from 36.74% to 35.52% |
| WELL | +11% from 60.69M WELL to 67.39M WELL | +1% from 172.13M WELL to 173.38M WELL | +10% from 35.26% to 38.87% |
| VIRTUAL | +9% from 293.75K VIRTUAL to 320.79K VIRTUAL | -21% from 1.75M VIRTUAL to 1.38M VIRTUAL | +39% from 16.77% to 23.24% |
| USDbC | -0% from 1.47K USDbC to 1.47K USDbC | -0% from 10.01K USDbC to 9.99K USDbC | +0% from 14.66% to 14.68% |
| cbXRP | -50% from 366.73K cbXRP to 184.15K cbXRP | -6% from 2.19M cbXRP to 2.06M cbXRP | -46% from 16.73% to 8.96% |
| cbBTC | -66% from 120.36 cbBTC to 41.17 cbBTC | -19% from 684.68 cbBTC to 557.38 cbBTC | -58% from 17.58% to 7.39% |
| LBTC | -91% from 10.74 LBTC to 0.92 LBTC | -24% from 51.23 LBTC to 38.71 LBTC | -89% from 20.95% to 2.38% |
| MORPHO | -73% from 641.29K MORPHO to 173.97K MORPHO | +3% from 5.82M MORPHO to 6.00M MORPHO | -74% from 11.02% to 2.90% |
| tBTC | -96% from 2.28 tBTC to 0.08 tBTC | -2% from 12.46 tBTC to 12.17 tBTC | -96% from 18.25% to 0.67% |
| wstETH | +102% from 96.22 wstETH to 194.04 wstETH | -6% from 4.30K wstETH to 4.03K wstETH | +115% from 2.24% to 4.82% |
| cbETH | +3% from 58.70 cbETH to 60.51 cbETH | +1% from 2.26K cbETH to 2.28K cbETH | +3% from 2.59% to 2.66% |
| rETH | -0% from 22.93 rETH to 22.86 rETH | +0% from 1.04K rETH to 1.04K rETH | -0% from 2.21% to 2.20% |
| weETH | -2% from 33.39 weETH to 32.86 weETH | -4% from 3.15K weETH to 3.02K weETH | +3% from 1.06% to 1.09% |
| wrsETH | -95% from 3.20 wrsETH to 0.16 wrsETH | -1% from 118.47 wrsETH to 117.51 wrsETH | -95% from 2.70% to 0.14% |
Notable Trends
- cbXRP borrows decreased 50% from 366.73K to 184.15K cbXRP
- cbBTC borrows decreased 66% from 120.36 to 41.17 cbBTC
- wstETH borrows increased 102% from 96.22 to 194.04 wstETH
Liquidations
- Total liquidations: 46
- Total Collateral Seized (USD): $667,116.08
- Total Debt Repaid (USD): $606,469.16
- Total Liquidation Bonus (USD): $60,646.92
- Total Liquidator Bonus (USD): $42,452.84
- Total Protocol Bonus (USD): $18,194.07
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| weETH | 130.460000 | $615,902.00 | $559,910.91 | $55,991.09 | $39,193.76 | $16,797.33 | 1 |
| AERO | 26,748.513800 | $31,343.75 | $28,494.32 | $2,849.43 | $1,994.60 | $854.83 | 6 |
| WELL | 632,808.900000 | $15,756.87 | $14,324.43 | $1,432.44 | $1,002.71 | $429.73 | 3 |
| WETH | 0.538243 | $2,321.08 | $2,110.07 | $211.01 | $147.70 | $63.30 | 17 |
| VIRTUAL | 711.722600 | $917.60 | $834.18 | $83.42 | $58.39 | $25.03 | 4 |
| MORPHO | 297.846000 | $567.12 | $515.57 | $51.56 | $36.09 | $15.47 | 1 |
| cbXRP | 65.087000 | $193.88 | $176.25 | $17.63 | $12.34 | $5.29 | 1 |
| USDC | 105.942093 | $105.93 | $96.30 | $9.63 | $6.74 | $2.89 | 11 |
| cbBTC | 0.000059 | $6.58 | $5.99 | $0.60 | $0.42 | $0.18 | 1 |
| EURC | 1.074930 | $1.26 | $1.15 | $0.11 | $0.08 | $0.03 | 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 | 12.39% | 12.94% | 90.47% |
| USDC | 34.00M | 36.40M | 12.46% | 13.02% | 89.12% |
| USDT0 | 8.00M | 10.00M | 6.10% | 5.55% | 87.03% |
| DAI | 4.50M | 4.80M | 4.66% | 4.97% | 86.71% |
| USDT | 18.40M | 22.60M | 1.30% | 1.24% | 84.29% |
| rETH | 340.00 | 750.00 | 3.04% | 13.89% | 10.51% |
| OP | 650.00K | 5.60M | 34.76% | 39.76% | 10.15% |
| wstETH | 1.50K | 5.00K | 2.15% | 14.08% | 4.55% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 4.33% |
| VELO | 20.00M | 68.00M | 9.72% | 82.51% | 3.46% |
| wrsETH | 160.00 | 400.00 | 0.40% | 5.81% | 2.73% |
| weETH | 220.00 | 1.20K | 1.83% | 99.18% | 0.34% |
| cbETH | 0.00 | 10.00 | 0.00% | 7.41% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | -84% from 8.79K WETH to 1.39K WETH | -85% from 9.93K WETH to 1.52K WETH | +3% from 88.52% to 91.48% |
| USDC | -83% from 9.99M USDC to 1.71M USDC | -83% from 11.21M USDC to 1.88M USDC | +2% from 89.12% to 91.15% |
| USDT0 | -71% from 811.70K USDT0 to 234.06K USDT0 | -71% from 916.63K USDT0 to 263.88K USDT0 | 0% from 88.55% to 88.70% |
| DAI | -42% from 352.52K DAI to 204.53K DAI | -44% from 399.02K DAI to 224.35K DAI | +3% from 88.35% to 91.17% |
| USDT | -56% from 524.52K USDT to 230.06K USDT | -56% from 588.94K USDT to 260.96K USDT | -1% from 89.06% to 88.16% |
| rETH | +18% from 6.58 rETH to 7.77 rETH | -2% from 94.35 rETH to 91.99 rETH | +21% from 6.97% to 8.45% |
| OP | +6% from 208.12K OP to 221.27K OP | -2% from 2.24M OP to 2.18M OP | +9% from 9.29% to 10.13% |
| wstETH | -59% from 43.22 wstETH to 17.91 wstETH | -30% from 832.10 wstETH to 585.78 wstETH | -41% from 5.19% to 3.06% |
| WBTC | 0% from 0.003 WBTC to 0.003 WBTC | 0% from 0.07 WBTC to 0.07 WBTC | 0% from 4.29% to 4.29% |
| VELO | -22% from 2.21M VELO to 1.72M VELO | +1% from 55.78M VELO to 56.14M VELO | -23% from 3.96% to 3.06% |
| wrsETH | 0% from 0.63 wrsETH to 0.63 wrsETH | -7% from 24.15 wrsETH to 22.51 wrsETH | +7% from 2.61% to 2.80% |
| weETH | -86% from 13.37 weETH to 1.85 weETH | -1% from 1.20K weETH to 1.19K weETH | -86% from 1.11% to 0.16% |
| cbETH | 0% from 0 cbETH to 0 cbETH | -11% from 0.81 cbETH to 0.72 cbETH | 0% from 0.01% to 0.01% |
Notable Trends
- WETH supply decreased 85% from 9.93K to 1.52K WETH
- WETH borrows decreased 84% from 8.79K to 1.39K WETH
- USDC supply decreased 83% from 11.21M to 1.88M USDC
- USDC borrows decreased 83% from 9.99M to 1.71M USDC
- DAI supply decreased 44% from 399.02K to 224.35K DAI
- DAI borrows decreased 42% from 352.52K to 204.53K DAI
- USDT supply decreased 56% from 588.94K to 260.96K USDT
- USDT borrows decreased 56% from 524.52K to 230.06K USDT
- wstETH supply decreaed 30% from 832.10 to 585.78 wstETH
Liquidations
No liquidation events this week.
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcDOT | 0.10 | 22.57M% | 100.00% |
| GLMR | 0.10 | 6903.94M% | 64.09% |
| xcUSDC | 0.10 | 83.32M% | 58.01% |
| xcUSDT | 0.10 | 74.48M% | 52.38% |
| FRAX | 0.10 | 447.95K% | 44.90% |
| USDC_wh | 0.10 | 43.58M% | 36.92% |
| BTC_wh | 0.10 | 100.08% | 8.24% |
| ETH_wh | 0.10 | 1.20K% | 2.98% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcDOT | -0% from 22.57K xcDOT to 22.54K xcDOT | -0% from 535.98K xcDOT to 535.95K xcDOT | -0% from 100.00% to 100.00% |
| GLMR | +1% from 6.87M GLMR to 6.94M GLMR | -0% from 10.76M GLMR to 10.75M GLMR | +1% from 63.88% to 64.50% |
| xcUSDC | +0% from 83.19K xcUSDC to 83.34K xcUSDC | +8% from 139.55K xcUSDC to 150.69K xcUSDC | -7% from 59.61% to 55.30% |
| xcUSDT | -1% from 74.61K xcUSDT to 74.22K xcUSDT | +0% from 141.50K xcUSDT to 141.53K xcUSDT | -1% from 52.73% to 52.44% |
| FRAX | +0% from 447.94 FRAX to 447.99 FRAX | +0% from 40.77K FRAX to 40.77K FRAX | +0% from 44.90% to 44.90% |
| USDC_wh | +1% from 43.42K USDC_wh to 43.66K USDC_wh | +1% from 117.64K USDC_wh to 118.29K USDC_wh | +0% from 36.91% to 36.91% |
| BTC_wh | +0% from 0.10 BTC_wh to 0.10 BTC_wh | -0% from 1.22 BTC_wh to 1.21 BTC_wh | +0% from 8.23% to 8.25% |
| ETH_wh | +0% from 1.20 ETH_wh to 1.20 ETH_wh | -7% from 40.43 ETH_wh to 37.43 ETH_wh | +8% from 2.98% to 3.22% |
Liquidations
- Total liquidations: 3
- Total Collateral Seized (USD): $0.89
- Total Debt Repaid (USD): $0.81
- Total Liquidation Bonus (USD): $0.08
- Total Liquidator Bonus (USD): $0.06
- Total Protocol Bonus (USD): $0.02
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| GLMR | 13.318380 | $0.89 | $0.81 | $0.08 | $0.06 | $0.02 | 3 |
Moonriver
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcKSM | 0.10 | 6.52M% | 42.48% |
| FRAX | 0.10 | 64.23M% | 19.61% |
| MOVR | 0.10 | 3.57M% | 2.35% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | +0% from 6.51K xcKSM to 6.52K xcKSM | +0% from 15.33K xcKSM to 15.36K xcKSM | -0% from 42.48% to 42.47% |
| FRAX | +0% from 64.22K FRAX to 64.23K FRAX | -0% from 328.79K FRAX to 327.40K FRAX | +0% from 19.53% to 19.62% |
| MOVR | +0% from 3.57K MOVR to 3.57K MOVR | -0% from 151.98K MOVR to 151.72K MOVR | +0% from 2.35% to 2.35% |
Liquidations
No liquidation events this week.