Weekly Update (12/12/25 - 12/18/25)
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 12/12/25 to 12/18/25. 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 | 1.14% | 1.23% | 85.54% |
| USDC | 184.00M | 200.00M | 14.08% | 16.40% | 79.10% |
| WETH | 64.00K | 96.00K | 9.37% | 8.66% | 72.22% |
| EURC | 21.00M | 21.90M | 6.27% | 8.45% | 71.22% |
| DAI | 300.00K | 400.00K | 4.17% | 5.64% | 55.48% |
| cbXRP | 1.60M | 5.00M | 92.86% | 56.16% | 52.91% |
| VIRTUAL | 10.00K | 4.50M | 19.63K% | 95.74% | 45.58% |
| AERO | 25.00M | 70.00M | 25.83% | 29.45% | 31.33% |
| cbBTC | 640.00 | 1.50K | 8.32% | 21.30% | 16.67% |
| weETH | 200.00 | 5.40K | 6.90% | 1.62% | 15.79% |
| tBTC | 5.00 | 90.00 | 14.54% | 5.25% | 15.37% |
| MAMO | 3.00M | 20.00M | 12.29% | 12.78% | 14.81% |
| USDbC | 1.00 | 1.00 | 107.77K% | 845.12K% | 12.75% |
| LBTC | 10.00 | 95.00 | 30.03% | 30.11% | 10.49% |
| cbETH | 6.40K | 16.00K | 1.70% | 8.08% | 8.41% |
| WELL | 10.00M | 250.00M | 126.79% | 79.60% | 6.37% |
| wstETH | 4.80K | 14.40K | 3.29% | 26.37% | 4.15% |
| MORPHO | 100.00K | 6.00M | 220.19% | 89.06% | 4.12% |
| rETH | 200.00 | 2.60K | 10.45% | 31.35% | 2.56% |
| wrsETH | 0.00 | 1.00 | 0.00% | 8.54K% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | +0% from 7.88K USDS to 7.89K USDS | +5% from 8.74K USDS to 9.22K USDS | -5% from 90.12% to 85.51% |
| USDC | -1% from 25.93M USDC to 25.74M USDC | +2% from 32.11M USDC to 32.90M USDC | -3% from 80.75% to 78.25% |
| WETH | -7% from 6.19K WETH to 5.76K WETH | -10% from 8.62K WETH to 7.74K WETH | +3% from 71.86% to 74.37% |
| EURC | -6% from 1.31M EURC to 1.23M EURC | +1% from 1.82M EURC to 1.83M EURC | -6% from 72.09% to 67.43% |
| DAI | -13% from 13.07K DAI to 11.38K DAI | -0% from 22.58K DAI to 22.56K DAI | -13% from 57.89% to 50.42% |
| cbXRP | +12% from 1.35M cbXRP to 1.50M cbXRP | +3% from 2.76M cbXRP to 2.83M cbXRP | +9% from 48.80% to 53.12% |
| VIRTUAL | +0% from 1.96M VIRTUAL to 1.96M VIRTUAL | +1% from 4.27M VIRTUAL to 4.33M VIRTUAL | -1% from 45.89% to 45.33% |
| AERO | +3% from 6.37M AERO to 6.58M AERO | -3% from 20.70M AERO to 20.19M AERO | +6% from 30.78% to 32.61% |
| cbBTC | +1% from 52.55 cbBTC to 53.03 cbBTC | +0% from 319.04 cbBTC to 319.13 cbBTC | +1% from 16.47% to 16.62% |
| weETH | -7% from 13.94 weETH to 12.95 weETH | +4% from 86.10 weETH to 89.19 weETH | -10% from 16.20% to 14.52% |
| tBTC | -24% from 0.84 tBTC to 0.64 tBTC | -5% from 4.84 tBTC to 4.62 tBTC | -20% from 17.28% to 13.78% |
| MAMO | +29% from 308.94K MAMO to 399.88K MAMO | +29% from 2.27M MAMO to 2.92M MAMO | +1% from 13.59% to 13.68% |
| USDbC | -0% from 1.08K USDbC to 1.08K USDbC | -0% from 8.46K USDbC to 8.44K USDbC | +0% from 12.74% to 12.75% |
| LBTC | -11% from 3.53 LBTC to 3.15 LBTC | +6% from 27.57 LBTC to 29.12 LBTC | -15% from 12.79% to 10.83% |
| cbETH | +0% from 108.90 cbETH to 108.92 cbETH | -2% from 1.30K cbETH to 1.28K cbETH | +2% from 8.36% to 8.52% |
| WELL | -17% from 14.34M WELL to 11.91M WELL | -0% from 199.96M WELL to 199.48M WELL | -17% from 7.17% to 5.97% |
| wstETH | -6% from 158.66 wstETH to 149.36 wstETH | -2% from 3.86K wstETH to 3.77K wstETH | -4% from 4.11% to 3.96% |
| MORPHO | -0% from 220.22K MORPHO to 220.17K MORPHO | -2% from 5.36M MORPHO to 5.27M MORPHO | +2% from 4.11% to 4.18% |
| rETH | -0% from 20.90 rETH to 20.89 rETH | +1% from 811.16 rETH to 815.92 rETH | -1% from 2.58% to 2.56% |
| wrsETH | -3% from 0.02 wrsETH to 0.01 wrsETH | -5% from 88.48 wrsETH to 84.38 wrsETH | +1% from 0.02% to 0.02% |
Notable Trends
- WETH supply -10% (8.62K → 7.74K WETH)
- cbXRP borrows +12% (1.35M → 1.50M cbXRP)
Liquidations
- Total liquidations: 201
- Total Collateral Seized (USD): $126,167.45
- Total Debt Repaid (USD): $114,697.69
- Total Liquidation Bonus (USD): $11,469.77
- Total Liquidator Bonus (USD): $8,028.84
- Total Protocol Bonus (USD): $3,440.93
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| AERO | 150,165.674802 | $78,895.61 | $71,723.28 | $7,172.33 | $5,020.63 | $2,151.70 | 126 |
| cbXRP | 11,829.424571 | $21,824.60 | $19,840.55 | $1,984.05 | $1,388.84 | $595.22 | 8 |
| cbBTC | 0.096141 | $8,274.59 | $7,522.36 | $752.24 | $526.57 | $225.67 | 3 |
| WETH | 2.842633 | $8,129.97 | $7,390.88 | $739.09 | $517.36 | $221.73 | 21 |
| USDC | 3,340.717046 | $3,340.28 | $3,036.62 | $303.66 | $212.56 | $91.10 | 6 |
| VIRTUAL | 3,211.890230 | $2,341.95 | $2,129.04 | $212.90 | $149.03 | $63.87 | 6 |
| WELL | 224,679.300000 | $1,983.91 | $1,803.55 | $180.36 | $126.25 | $54.11 | 6 |
| rETH | 0.331952 | $1,026.34 | $933.04 | $93.30 | $65.31 | $27.99 | 15 |
| wstETH | 0.036795 | $131.84 | $119.86 | $11.99 | $8.39 | $3.60 | 2 |
| EURC | 105.936220 | $124.50 | $113.18 | $11.32 | $7.92 | $3.40 | 2 |
| MORPHO | 51.222551 | $57.92 | $52.65 | $5.27 | $3.69 | $1.58 | 4 |
| weETH | 0.009094 | $30.53 | $27.75 | $2.78 | $1.94 | $0.83 | 1 |
| USDS | 5.420640 | $5.42 | $4.93 | $0.49 | $0.34 | $0.15 | 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 | 8.50% | 10.02% | 79.42% |
| DAI | 4.50M | 4.80M | 0.86% | 1.24% | 64.56% |
| USDC | 34.00M | 36.40M | 1.97% | 2.90% | 63.51% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 61.62% |
| USDT0 | 8.00M | 10.00M | 0.86% | 1.12% | 61.36% |
| USDT | 18.40M | 22.60M | 0.59% | 0.86% | 57.49% |
| cbETH | 0.00 | 10.00 | 0.00% | 2.73% | 36.79% |
| OP | 650.00K | 5.60M | 53.74% | 17.46% | 35.73% |
| VELO | 20.00M | 80.00M | 43.96% | 54.59% | 20.16% |
| rETH | 340.00 | 750.00 | 0.72% | 3.40% | 9.68% |
| wstETH | 1.50K | 5.00K | 0.38% | 3.47% | 3.32% |
| weETH | 4.00 | 10.00 | 27.06% | 465.08% | 2.33% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 1.83% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | +30% from 2.13K WETH to 2.76K WETH | +22% from 2.80K WETH to 3.42K WETH | +6% from 75.94% to 80.77% |
| DAI | -1% from 38.75K DAI to 38.49K DAI | -0% from 59.83K DAI to 59.70K DAI | -0% from 64.77% to 64.47% |
| USDC | -11% from 690.72K USDC to 614.15K USDC | +3% from 1.03M USDC to 1.06M USDC | -14% from 67.26% to 57.85% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 61.62% to 61.62% |
| USDT0 | +0% from 68.67K USDT0 to 68.69K USDT0 | -2% from 114.08K USDT0 to 111.25K USDT0 | +3% from 60.19% to 61.74% |
| USDT | +25% from 111.38K USDT to 138.94K USDT | -29% from 248.71K USDT to 176.60K USDT | +76% from 44.78% to 78.68% |
| cbETH | 0% from 0.10 cbETH to 0.10 cbETH | 0% from 0.27 cbETH to 0.27 cbETH | 0% from 36.79% to 36.79% |
| OP | -3% from 357.39K OP to 347.20K OP | +1% from 968.14K OP to 982.55K OP | -4% from 36.91% to 35.34% |
| VELO | -1% from 9.17M VELO to 9.03M VELO | -10% from 45.71M VELO to 40.95M VELO | +10% from 20.05% to 22.06% |
| rETH | +0% from 2.46 rETH to 2.46 rETH | -15% from 25.74 rETH to 21.86 rETH | +18% from 9.57% to 11.27% |
| wstETH | -0% from 5.77 wstETH to 5.76 wstETH | +8% from 160.50 wstETH to 173.18 wstETH | -7% from 3.59% to 3.33% |
| weETH | -0% from 1.08 weETH to 1.08 weETH | 0% from 46.51 weETH to 46.51 weETH | -0% from 2.33% to 2.33% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 15.14 wrsETH to 15.14 wrsETH | 0% from 1.83% to 1.83% |
Notable Trends
- WETH borrows +30% (2.13K → 2.76K WETH)
- WETH supply +22% (2.80K → 3.42K WETH)
- USDT supply -29% (248.71K → 176.60K USDT)
Liquidations
- Total liquidations: 205
- Total Collateral Seized (USD): $17,573.81
- Total Debt Repaid (USD): $15,976.19
- Total Liquidation Bonus (USD): $1,597.62
- Total Liquidator Bonus (USD): $1,118.33
- Total Protocol Bonus (USD): $479.29
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| rETH | 3.991611 | $12,468.46 | $11,334.96 | $1,133.50 | $793.45 | $340.05 | 171 |
| VELO | 204,636.238450 | $4,715.74 | $4,287.03 | $428.70 | $300.09 | $128.61 | 24 |
| OP | 1,283.727754 | $349.97 | $318.16 | $31.82 | $22.27 | $9.54 | 9 |
| USDT0 | 39.637300 | $39.64 | $36.04 | $3.60 | $2.52 | $1.08 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 8223.95M% | 70.21% |
| xcDOT | 0.10 | 19.61M% | 48.21% |
| FRAX | 0.10 | 194.49K% | 46.64% |
| xcUSDC | 0.10 | 21.81M% | 39.60% |
| xcUSDT | 0.10 | 20.51M% | 25.35% |
| USDC.wh | 0.10 | 16.63M% | 16.87% |
| BTC.wh | 0.10 | 93.00% | 7.82% |
| ETH.wh | 0.10 | 1.10K% | 3.98% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +2% from 8.16M GLMR to 8.29M GLMR | +4% from 11.46M GLMR to 11.93M GLMR | -2% from 71.16% to 69.45% |
| xcDOT | +0% from 19.61K xcDOT to 19.62K xcDOT | +0% from 1.10M xcDOT to 1.11M xcDOT | -0% from 48.26% to 48.23% |
| FRAX | -0% from 194.51 FRAX to 194.27 FRAX | +0% from 38.71K FRAX to 38.71K FRAX | -0% from 46.64% to 46.64% |
| xcUSDC | -27% from 24.32K xcUSDC to 17.73K xcUSDC | +0% from 55.05K xcUSDC to 55.15K xcUSDC | -27% from 44.17% to 32.14% |
| xcUSDT | -4% from 20.64K xcUSDT to 19.88K xcUSDT | +0% from 80.88K xcUSDT to 80.90K xcUSDT | -4% from 25.52% to 24.57% |
| USDC.wh | -10% from 17.20K USDC.wh to 15.54K USDC.wh | -0% from 98.60K USDC.wh to 98.52K USDC.wh | -10% from 17.45% to 15.77% |
| BTC.wh | 0% from 0.09 BTC.wh to 0.09 BTC.wh | 0% from 1.19 BTC.wh to 1.19 BTC.wh | 0% from 7.82% to 7.82% |
| ETH.wh | +0% from 1.10 ETH.wh to 1.10 ETH.wh | +0% from 27.58 ETH.wh to 27.58 ETH.wh | +0% from 3.98% to 3.99% |
Liquidations
- Total liquidations: 87
- Total Collateral Seized (USD): $9,549.90
- Total Debt Repaid (USD): $8,681.73
- Total Liquidation Bonus (USD): $868.17
- Total Liquidator Bonus (USD): $607.72
- Total Protocol Bonus (USD): $260.45
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| xcDOT | 3,995.444520 | $7,604.11 | $6,912.83 | $691.28 | $483.90 | $207.38 | 54 |
| GLMR | 77,449.494941 | $1,891.21 | $1,719.28 | $171.93 | $120.35 | $51.58 | 17 |
| xcUSDC | 53.682180 | $53.68 | $48.80 | $4.88 | $3.42 | $1.46 | 15 |
| ETH_wh | 0.000319 | $0.90 | $0.81 | $0.08 | $0.06 | $0.02 | 1 |
Moonriver
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcKSM | 0.10 | 6.40M% | 47.93% |
| FRAX | 0.10 | 50.38M% | 17.61% |
| MOVR | 0.10 | 2.41M% | 1.82% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | -2% from 6.51K xcKSM to 6.39K xcKSM | -2% from 13.50K xcKSM to 13.22K xcKSM | +0% from 48.19% to 48.36% |
| FRAX | -2% from 50.59K FRAX to 49.82K FRAX | -6% from 303.16K FRAX to 283.72K FRAX | +5% from 16.69% to 17.56% |
| MOVR | -13% from 2.73K MOVR to 2.38K MOVR | -1% from 134.31K MOVR to 132.35K MOVR | -12% from 2.03% to 1.80% |
Liquidations
- Total liquidations: 23
- Total Collateral Seized (USD): $983.33
- Total Debt Repaid (USD): $893.93
- Total Liquidation Bonus (USD): $89.39
- Total Liquidator Bonus (USD): $62.58
- Total Protocol Bonus (USD): $26.82
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| MOVR | 200.490741 | $516.25 | $469.32 | $46.93 | $32.85 | $14.08 | 18 |
| xcKSM | 65.959186 | $467.08 | $424.62 | $42.46 | $29.72 | $12.74 | 5 |