Weekly Update (10/24/25 - 10/30/25)
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 10/24/25 to 10/30/25. 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 | 2.60% | 2.69% | 89.05% |
| USDC | 184.00M | 200.00M | 26.06% | 26.93% | 89.00% |
| EURC | 21.00M | 21.90M | 8.08% | 10.24% | 75.79% |
| WETH | 64.00K | 96.00K | 17.52% | 15.73% | 74.23% |
| VIRTUAL | 1.50M | 4.50M | 123.69% | 69.52% | 59.34% |
| DAI | 300.00K | 400.00K | 4.24% | 7.17% | 44.30% |
| AERO | 8.00M | 70.00M | 95.90% | 34.68% | 31.64% |
| tBTC | 36.00 | 90.00 | 6.29% | 8.96% | 28.08% |
| LBTC | 38.00 | 95.00 | 30.98% | 56.17% | 22.14% |
| cbXRP | 1.60M | 5.00M | 31.85% | 50.80% | 20.10% |
| USDbC | 1.00 | 1.00 | 140.58K% | 873.85K% | 16.09% |
| cbBTC | 640.00 | 1.50K | 13.73% | 36.87% | 15.89% |
| WELL | 100.00M | 250.00M | 33.44% | 98.08% | 13.61% |
| MORPHO | 600.00K | 6.00M | 98.65% | 97.99% | 10.07% |
| MAMO | 12.00M | 20.00M | 4.21% | 35.19% | 9.47% |
| weETH | 700.00 | 5.40K | 2.54% | 3.53% | 9.35% |
| cbETH | 6.40K | 16.00K | 0.91% | 13.06% | 2.79% |
| rETH | 900.00 | 2.60K | 2.54% | 36.80% | 2.39% |
| wstETH | 4.80K | 14.40K | 1.80% | 30.93% | 1.94% |
| wrsETH | 430.00 | 1.00K | 0.00% | 11.45% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | -10% from 19.95K USDS to 18.01K USDS | +124% from 21.66K USDS to 48.48K USDS | -60% from 92.12% to 37.14% |
| USDC | +1% from 47.93M USDC to 48.58M USDC | +2% from 53.36M USDC to 54.41M USDC | -1% from 89.84% to 89.30% |
| EURC | +6% from 1.63M EURC to 1.72M EURC | -7% from 2.27M EURC to 2.10M EURC | +14% from 71.73% to 82.03% |
| WETH | +3% from 11.11K WETH to 11.48K WETH | -1% from 15.75K WETH to 15.64K WETH | +4% from 70.55% to 73.39% |
| VIRTUAL | -1% from 1.87M VIRTUAL to 1.85M VIRTUAL | +1% from 3.10M VIRTUAL to 3.12M VIRTUAL | -2% from 60.24% to 59.34% |
| DAI | +33% from 11.78K DAI to 15.63K DAI | -0% from 28.71K DAI to 28.65K DAI | +33% from 41.03% to 54.57% |
| AERO | +0% from 7.03M AERO to 7.05M AERO | +7% from 23.56M AERO to 25.23M AERO | -6% from 29.84% to 27.94% |
| tBTC | -6% from 2.40 tBTC to 2.26 tBTC | -2% from 8.15 tBTC to 7.95 tBTC | -4% from 29.51% to 28.43% |
| LBTC | -2% from 10.05 LBTC to 9.88 LBTC | -23% from 51.11 LBTC to 39.54 LBTC | +27% from 19.67% to 25.00% |
| cbXRP | -0% from 538.47K cbXRP to 538.21K cbXRP | -9% from 2.58M cbXRP to 2.36M cbXRP | +10% from 20.85% to 22.85% |
| USDbC | -0% from 1.41K USDbC to 1.41K USDbC | -0% from 8.74K USDbC to 8.74K USDbC | -0% from 16.09% to 16.08% |
| cbBTC | -4% from 87.58 cbBTC to 84.23 cbBTC | -4% from 566.61 cbBTC to 546.17 cbBTC | -0% from 15.46% to 15.42% |
| WELL | +16% from 28.92M WELL to 33.64M WELL | +1% from 241.81M WELL to 244.53M WELL | +15% from 11.96% to 13.76% |
| MORPHO | -0% from 600.02K MORPHO to 598.83K MORPHO | -0% from 5.91M MORPHO to 5.88M MORPHO | +0% from 10.16% to 10.19% |
| MAMO | +399% from 211.15K MAMO to 1.05M MAMO | +0% from 4.14M MAMO to 4.15M MAMO | +397% from 5.10% to 25.38% |
| weETH | +0% from 17.80 weETH to 17.80 weETH | -7% from 198.12 weETH to 183.91 weETH | +8% from 8.99% to 9.68% |
| cbETH | -11% from 60.68 cbETH to 54.07 cbETH | +3% from 2.07K cbETH to 2.13K cbETH | -13% from 2.93% to 2.54% |
| rETH | +0% from 22.80 rETH to 22.80 rETH | +0% from 957.58 rETH to 957.85 rETH | -0% from 2.38% to 2.38% |
| wstETH | -1% from 86.80 wstETH to 86.29 wstETH | +7% from 4.31K wstETH to 4.60K wstETH | -7% from 2.02% to 1.88% |
| wrsETH | 0% from 0.02 wrsETH to 0.02 wrsETH | -0% from 114.64 wrsETH to 114.33 wrsETH | +0% from 0.02% to 0.02% |
Notable Trends
- AERO supply +7% (23.56M → 25.23M AERO)
- MAMO borrows +399% (211.15K → 1.05M MAMO)
- LBTC supply -23% (51.11 → 39.54 LBTC)
Liquidations
- Total liquidations: 121
- Total Collateral Seized (USD): $415,082.61
- Total Debt Repaid (USD): $377,347.83
- Total Liquidation Bonus (USD): $37,734.78
- Total Liquidator Bonus (USD): $26,414.35
- Total Protocol Bonus (USD): $11,320.43
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDC | 316,150.910292 | $316,109.59 | $287,372.36 | $28,737.24 | $20,116.06 | $8,621.17 | 11 |
| cbBTC | 0.290570 | $32,167.70 | $29,243.36 | $2,924.34 | $2,047.04 | $877.30 | 15 |
| AERO | 22,602.679041 | $21,589.71 | $19,627.01 | $1,962.70 | $1,373.89 | $588.81 | 19 |
| WELL | 1,042,467.732000 | $17,828.45 | $16,207.68 | $1,620.77 | $1,134.54 | $486.23 | 7 |
| WETH | 4.563899 | $17,311.76 | $15,737.96 | $1,573.80 | $1,101.66 | $472.14 | 48 |
| cbXRP | 3,613.962400 | $9,527.68 | $8,661.53 | $866.15 | $606.31 | $259.85 | 4 |
| cbETH | 0.082373 | $374.42 | $340.38 | $34.04 | $23.83 | $10.21 | 2 |
| VIRTUAL | 166.519800 | $172.28 | $156.62 | $15.66 | $10.96 | $4.70 | 2 |
| USDbC | 0.838524 | $0.84 | $0.76 | $0.08 | $0.05 | $0.02 | 10 |
| DAI | 0.181833 | $0.18 | $0.17 | $0.02 | $0.01 | $0.00 | 3 |
Optimism
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| USDT0 | 8.00M | 10.00M | 2.21% | 2.02% | 87.47% |
| USDC | 34.00M | 36.40M | 5.32% | 5.78% | 85.89% |
| USDT | 18.40M | 22.60M | 1.30% | 1.30% | 80.84% |
| WETH | 30.00K | 32.00K | 11.47% | 13.99% | 76.86% |
| DAI | 4.50M | 4.80M | 2.78% | 3.66% | 72.79% |
| weETH | 220.00 | 1.20K | 5.78% | 6.33% | 16.76% |
| VELO | 20.00M | 80.00M | 49.83% | 88.16% | 14.12% |
| OP | 650.00K | 5.60M | 23.21% | 19.36% | 13.92% |
| wstETH | 1.50K | 5.00K | 1.88% | 6.82% | 8.29% |
| rETH | 340.00 | 750.00 | 1.37% | 8.18% | 7.61% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 4.35% |
| wrsETH | 160.00 | 400.00 | 0.39% | 5.03% | 3.07% |
| cbETH | 0.00 | 10.00 | 0.00% | 2.75% | 0.06% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDT0 | -21% from 201.52K USDT0 to 158.67K USDT0 | -23% from 231.38K USDT0 to 177.63K USDT0 | +3% from 87.10% to 89.33% |
| USDC | +14% from 1.71M USDC to 1.96M USDC | +10% from 2.04M USDC to 2.24M USDC | +4% from 83.88% to 87.47% |
| USDT | -35% from 401.45K USDT to 259.59K USDT | -35% from 467.55K USDT to 303.99K USDT | -1% from 85.86% to 85.39% |
| WETH | +0% from 3.44K WETH to 3.44K WETH | -2% from 4.52K WETH to 4.41K WETH | +3% from 75.99% to 78.03% |
| DAI | -19% from 128.49K DAI to 103.72K DAI | -36% from 176.24K DAI to 113.35K DAI | +26% from 72.91% to 91.51% |
| weETH | -0% from 12.89 weETH to 12.89 weETH | +5% from 75.42 weETH to 78.92 weETH | -4% from 17.09% to 16.33% |
| VELO | -49% from 9.79M VELO to 5.00M VELO | -4% from 71.73M VELO to 68.72M VELO | -47% from 13.65% to 7.28% |
| OP | +0% from 149.80K OP to 150.16K OP | +3% from 1.06M OP to 1.09M OP | -3% from 14.12% to 13.71% |
| wstETH | +0% from 30.31 wstETH to 30.39 wstETH | -3% from 339.35 wstETH to 327.70 wstETH | +4% from 8.93% to 9.27% |
| rETH | +0% from 4.67 rETH to 4.67 rETH | +1% from 61.08 rETH to 61.47 rETH | -1% from 7.65% to 7.60% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.07 WBTC to 0.07 WBTC | 0% from 4.35% to 4.35% |
| wrsETH | +0% from 0.62 wrsETH to 0.62 wrsETH | -0% from 20.11 wrsETH to 20.11 wrsETH | +0% from 3.06% to 3.07% |
| cbETH | 0% from 0.00 cbETH to 0.00 cbETH | 0% from 0.27 cbETH to 0.27 cbETH | 0% from 0.06% to 0.06% |
Notable Trends
- USDC supply +10% (2.04M → 2.24M USDC)
- USDT supply -35% (467.55K → 303.99K USDT)
- VELO borrows -49% (9.79M → 5.00M VELO)
Liquidations
- Total liquidations: 2
- Total Collateral Seized (USD): $44.50
- Total Debt Repaid (USD): $40.45
- Total Liquidation Bonus (USD): $4.05
- Total Liquidator Bonus (USD): $2.83
- Total Protocol Bonus (USD): $1.21
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| OP | 62.116100 | $24.38 | $22.17 | $2.22 | $1.55 | $0.67 | 1 |
| VELO | 619.962000 | $20.12 | $18.29 | $1.83 | $1.28 | $0.55 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 7460.33M% | 66.70% |
| xcDOT | 0.10 | 19.93M% | 47.30% |
| FRAX | 0.10 | 262.36K% | 46.71% |
| xcUSDC | 0.10 | 31.03M% | 44.17% |
| xcUSDT | 0.10 | 25.43M% | 27.15% |
| USDC.wh | 0.10 | 26.28M% | 24.94% |
| ETH.wh | 0.10 | 1.09K% | 3.45% |
| BTC.wh | 0.10 | 4.50% | 0.38% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +1% from 7.41M GLMR to 7.51M GLMR | +3% from 10.85M GLMR to 11.22M GLMR | -2% from 68.24% to 66.92% |
| xcDOT | -1% from 20.03K xcDOT to 19.79K xcDOT | -0% from 1.13M xcDOT to 1.13M xcDOT | +0% from 47.28% to 47.31% |
| FRAX | +0% from 262.35 FRAX to 262.36 FRAX | -0% from 38.80K FRAX to 38.77K FRAX | +0% from 46.71% to 46.74% |
| xcUSDC | -0% from 31.15K xcUSDC to 31.09K xcUSDC | -37% from 104.40K xcUSDC to 65.44K xcUSDC | +59% from 29.83% to 47.51% |
| xcUSDT | +0% from 25.42K xcUSDT to 25.44K xcUSDT | -2% from 94.00K xcUSDT to 92.14K xcUSDT | +2% from 27.04% to 27.61% |
| USDC.wh | -1% from 26.27K USDC.wh to 25.97K USDC.wh | -1% from 105.84K USDC.wh to 105.21K USDC.wh | -1% from 24.82% to 24.68% |
| ETH.wh | +0% from 1.09 ETH.wh to 1.09 ETH.wh | -0% from 31.73 ETH.wh to 31.72 ETH.wh | +0% from 3.45% to 3.45% |
| BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.19 BTC.wh to 1.19 BTC.wh | +0% from 0.38% to 0.38% |
Notable Trends
- xcUSDC supply -37% (104.40K → 65.44K xcUSDC)
Liquidations
- Total liquidations: 18
- Total Collateral Seized (USD): $380.17
- Total Debt Repaid (USD): $345.61
- Total Liquidation Bonus (USD): $34.56
- Total Liquidator Bonus (USD): $24.19
- Total Protocol Bonus (USD): $10.37
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| GLMR | 6,251.655900 | $227.77 | $207.06 | $20.71 | $14.49 | $6.21 | 13 |
| xcDOT | 44.962810 | $127.44 | $115.85 | $11.59 | $8.11 | $3.48 | 4 |
| xcUSDC | 24.964900 | $24.96 | $22.69 | $2.27 | $1.59 | $0.68 | 1 |
Moonriver
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcKSM | 0.10 | 6.56M% | 42.81% |
| FRAX | 0.10 | 51.32M% | 15.74% |
| MOVR | 0.10 | 3.57M% | 2.44% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | +0% from 6.56K xcKSM to 6.57K xcKSM | +0% from 15.28K xcKSM to 15.34K xcKSM | -0% from 42.92% to 42.80% |
| FRAX | -0% from 51.33K FRAX to 51.30K FRAX | +0% from 326.06K FRAX to 326.07K FRAX | -0% from 15.74% to 15.73% |
| MOVR | +0% from 3.57K MOVR to 3.57K MOVR | -0% from 147.22K MOVR to 146.54K MOVR | +0% from 2.42% to 2.44% |
Liquidations
- Total liquidations: 3
- Total Collateral Seized (USD): $36.02
- Total Debt Repaid (USD): $32.74
- Total Liquidation Bonus (USD): $3.27
- Total Liquidator Bonus (USD): $2.29
- Total Protocol Bonus (USD): $0.98
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| xcKSM | 3.459469 | $36.02 | $32.74 | $3.27 | $2.29 | $0.98 | 3 |