Weekly Update (12/26/25 - 1/1/26)
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 12/26/25 to 1/1/26. 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 | 1.15% | 1.23% | 86.40% |
| USDC | 184.00M | 200.00M | 14.07% | 16.39% | 79.01% |
| WETH | 64.00K | 96.00K | 8.51% | 7.56% | 75.05% |
| EURC | 21.00M | 21.90M | 5.84% | 8.16% | 68.86% |
| DAI | 300.00K | 400.00K | 4.20% | 5.66% | 55.69% |
| cbXRP | 1.60M | 5.00M | 100.09% | 57.95% | 55.27% |
| VIRTUAL | 10.00K | 4.50M | 19.70K% | 96.79% | 45.23% |
| AERO | 25.00M | 70.00M | 24.56% | 29.04% | 30.21% |
| cbBTC | 640.00 | 1.50K | 7.52% | 20.89% | 15.36% |
| weETH | 200.00 | 5.40K | 6.48% | 1.65% | 14.54% |
| LBTC | 10.00 | 95.00 | 39.39% | 31.27% | 13.26% |
| tBTC | 5.00 | 50.00 | 12.84% | 9.87% | 13.21% |
| USDbC | 1.00 | 1.00 | 104.00K% | 843.84K% | 12.32% |
| MAMO | 3.00M | 20.00M | 9.21% | 15.34% | 9.01% |
| cbETH | 6.40K | 16.00K | 1.69% | 7.91% | 8.56% |
| WELL | 10.00M | 250.00M | 118.84% | 79.06% | 6.01% |
| wstETH | 4.80K | 14.40K | 3.10% | 27.10% | 3.82% |
| MORPHO | 100.00K | 6.00M | 220.14% | 98.65% | 3.72% |
| rETH | 200.00 | 2.60K | 10.43% | 31.71% | 2.53% |
| wrsETH | 0.00 | 1.00 | 0.00% | 8.13K% | 0.02% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | -0% from 7.96K USDS to 7.94K USDS | +2% from 9.23K USDS to 9.40K USDS | -2% from 86.17% to 84.47% |
| USDC | -0% from 25.82M USDC to 25.77M USDC | +1% from 32.71M USDC to 33.08M USDC | -1% from 78.94% to 77.91% |
| WETH | -9% from 5.73K WETH to 5.21K WETH | -10% from 7.64K WETH to 6.91K WETH | +0% from 75.07% to 75.43% |
| EURC | -5% from 1.29M EURC to 1.22M EURC | +9% from 1.77M EURC to 1.93M EURC | -14% from 72.94% to 63.08% |
| DAI | +6% from 12.13K DAI to 12.81K DAI | +0% from 22.58K DAI to 22.64K DAI | +5% from 53.69% to 56.59% |
| cbXRP | +0% from 1.60M cbXRP to 1.60M cbXRP | +1% from 2.87M cbXRP to 2.91M cbXRP | -1% from 55.70% to 55.13% |
| VIRTUAL | +0% from 1.97M VIRTUAL to 1.97M VIRTUAL | +0% from 4.34M VIRTUAL to 4.35M VIRTUAL | -0% from 45.37% to 45.37% |
| AERO | +2% from 6.09M AERO to 6.19M AERO | +0% from 20.29M AERO to 20.30M AERO | +1% from 30.03% to 30.47% |
| cbBTC | -5% from 49.92 cbBTC to 47.56 cbBTC | -0% from 314.89 cbBTC to 313.56 cbBTC | -4% from 15.85% to 15.17% |
| weETH | +0% from 12.95 weETH to 12.99 weETH | +0% from 89.18 weETH to 89.22 weETH | +0% from 14.52% to 14.56% |
| LBTC | +24% from 3.24 LBTC to 4.01 LBTC | +1% from 29.28 LBTC to 29.52 LBTC | +23% from 11.07% to 13.58% |
| tBTC | +1% from 0.64 tBTC to 0.64 tBTC | -0% from 4.52 tBTC to 4.52 tBTC | +1% from 14.09% to 14.24% |
| USDbC | +0% from 1.04K USDbC to 1.04K USDbC | -0% from 8.44K USDbC to 8.44K USDbC | +0% from 12.32% to 12.33% |
| MAMO | +7% from 285.37K MAMO to 305.57K MAMO | -1% from 3.13M MAMO to 3.10M MAMO | +8% from 9.12% to 9.87% |
| cbETH | -3% from 109.66 cbETH to 106.77 cbETH | +2% from 1.26K cbETH to 1.28K cbETH | -4% from 8.72% to 8.34% |
| WELL | -0% from 11.89M WELL to 11.87M WELL | +1% from 198.45M WELL to 199.65M WELL | -1% from 5.99% to 5.94% |
| wstETH | -0% from 149.11 wstETH to 148.88 wstETH | -1% from 3.88K wstETH to 3.86K wstETH | +0% from 3.84% to 3.86% |
| MORPHO | -0% from 220.15K MORPHO to 220.14K MORPHO | -0% from 5.92M MORPHO to 5.90M MORPHO | +0% from 3.72% to 3.73% |
| rETH | +0% from 20.82 rETH to 20.90 rETH | +0% from 824.18 rETH to 824.51 rETH | +0% from 2.53% to 2.53% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -5% from 83.38 wrsETH to 78.88 wrsETH | +6% from 0.02% to 0.02% |
Notable Trends
- WETH supply -10% (7.64K → 6.91K WETH)
- WETH borrows -9% (5.73K → 5.21K WETH)
- EURC supply +9% (1.77M → 1.93M EURC)
Liquidations
- Total liquidations: 164
- Total Collateral Seized (USD): $89,831.29
- Total Debt Repaid (USD): $81,664.81
- Total Liquidation Bonus (USD): $8,166.48
- Total Liquidator Bonus (USD): $5,716.54
- Total Protocol Bonus (USD): $2,449.94
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| AERO | 128,743.125259 | $55,878.18 | $50,798.34 | $5,079.83 | $3,555.88 | $1,523.95 | 116 |
| cbBTC | 0.291123 | $25,524.98 | $23,204.52 | $2,320.45 | $1,624.32 | $696.14 | 4 |
| WETH | 2.138654 | $6,329.89 | $5,754.45 | $575.44 | $402.81 | $172.63 | 25 |
| WELL | 283,280.896200 | $2,010.31 | $1,827.55 | $182.76 | $127.93 | $54.83 | 11 |
| USDC | 49.826550 | $49.81 | $45.29 | $4.53 | $3.17 | $1.36 | 4 |
| VIRTUAL | 39.552600 | $25.80 | $23.45 | $2.35 | $1.64 | $0.70 | 1 |
| wstETH | 0.002882 | $10.34 | $9.40 | $0.94 | $0.66 | $0.28 | 2 |
| rETH | 0.000577 | $1.99 | $1.81 | $0.18 | $0.13 | $0.05 | 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 | 7.07% | 8.48% | 77.93% |
| DAI | 4.50M | 4.80M | 0.89% | 1.11% | 76.33% |
| USDT | 18.40M | 22.60M | 0.66% | 0.72% | 75.19% |
| USDT0 | 8.00M | 10.00M | 0.91% | 1.04% | 70.28% |
| USDC | 34.00M | 36.40M | 1.79% | 2.71% | 61.75% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 61.62% |
| cbETH | 0.00 | 10.00 | 0.00% | 2.73% | 36.79% |
| OP | 650.00K | 5.60M | 55.41% | 17.74% | 36.26% |
| VELO | 20.00M | 80.00M | 45.18% | 46.83% | 24.15% |
| rETH | 340.00 | 750.00 | 0.72% | 2.92% | 11.27% |
| wstETH | 1.50K | 5.00K | 0.44% | 3.24% | 4.09% |
| weETH | 4.00 | 10.00 | 27.02% | 459.47% | 2.35% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 1.83% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | -49% from 2.27K WETH to 1.16K WETH | -42% from 2.86K WETH to 1.67K WETH | -12% from 79.38% to 69.79% |
| DAI | +14% from 38.52K DAI to 44.01K DAI | -17% from 59.74K DAI to 49.36K DAI | +38% from 64.48% to 89.16% |
| USDT | +56% from 101.46K USDT to 158.77K USDT | -1% from 192.97K USDT to 190.23K USDT | +59% from 52.58% to 83.46% |
| USDT0 | +0% from 68.75K USDT0 to 68.77K USDT0 | -6% from 110.51K USDT0 to 103.49K USDT0 | +7% from 62.21% to 66.45% |
| USDC | -29% from 607.71K USDC to 429.66K USDC | -19% from 1.00M USDC to 811.83K USDC | -13% from 60.61% to 52.92% |
| 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% |
| 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 | -11% from 362.07K OP to 321.38K OP | -0% from 994.36K OP to 993.09K OP | -11% from 36.41% to 32.36% |
| VELO | +1% from 9.23M VELO to 9.33M VELO | -7% from 37.89M VELO to 35.13M VELO | +9% from 24.37% to 26.55% |
| rETH | +0% from 2.46 rETH to 2.47 rETH | -0% from 21.86 rETH to 21.86 rETH | +0% from 11.27% to 11.28% |
| wstETH | +27% from 5.59 wstETH to 7.09 wstETH | -4% from 166.80 wstETH to 160.50 wstETH | +32% from 3.35% to 4.41% |
| weETH | -0% from 1.08 weETH to 1.08 weETH | -0% from 46.12 weETH to 45.93 weETH | +0% from 2.34% to 2.35% |
| 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 supply -42% (2.86K → 1.67K WETH)
- WETH borrows -49% (2.27K → 1.16K WETH)
- USDC supply -19% (1.00M → 811.83K USDC)
- USDC borrows -29% (607.71K → 429.66K USDC)
- USDT borrows +56% (101.46K → 158.77K USDT)
Liquidations
- Total liquidations: 12
- Total Collateral Seized (USD): $1,833.68
- Total Debt Repaid (USD): $1,666.98
- Total Liquidation Bonus (USD): $166.70
- Total Liquidator Bonus (USD): $116.69
- Total Protocol Bonus (USD): $50.01
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VELO | 101,279.370500 | $1,833.68 | $1,666.98 | $166.70 | $116.69 | $50.01 | 12 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 8494.27M% | 70.84% |
| xcDOT | 0.10 | 19.62M% | 48.23% |
| FRAX | 0.10 | 194.27K% | 46.64% |
| xcUSDC | 0.10 | 17.37M% | 31.46% |
| xcUSDT | 0.10 | 19.02M% | 23.52% |
| USDC.wh | 0.10 | 14.61M% | 14.87% |
| BTC.wh | 0.10 | 99.70% | 8.39% |
| ETH.wh | 0.10 | 1.09K% | 3.96% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +2% from 8.43M GLMR to 8.56M GLMR | -0% from 12.05M GLMR to 12.04M GLMR | +2% from 69.93% to 71.16% |
| xcDOT | -0% from 19.62K xcDOT to 19.62K xcDOT | -0% from 1.11M xcDOT to 1.11M xcDOT | +0% from 48.21% to 48.23% |
| FRAX | 0% from 194.27 FRAX to 194.27 FRAX | 0% from 38.71K FRAX to 38.71K FRAX | 0% from 46.64% to 46.64% |
| xcUSDC | -1% from 17.51K xcUSDC to 17.30K xcUSDC | +0% from 55.20K xcUSDC to 55.22K xcUSDC | -1% from 31.71% to 31.33% |
| xcUSDT | +0% from 19.02K xcUSDT to 19.03K xcUSDT | +0% from 80.89K xcUSDT to 80.90K xcUSDT | +0% from 23.51% to 23.52% |
| USDC.wh | -2% from 14.92K USDC.wh to 14.60K USDC.wh | -0% from 98.54K USDC.wh to 98.17K USDC.wh | -2% from 15.14% to 14.87% |
| 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 8.40% to 8.39% |
| ETH.wh | +0% from 1.09 ETH.wh to 1.09 ETH.wh | +0% from 27.56 ETH.wh to 27.56 ETH.wh | +0% from 3.96% to 3.96% |
Liquidations
- Total liquidations: 22
- Total Collateral Seized (USD): $308.89
- Total Debt Repaid (USD): $280.81
- Total Liquidation Bonus (USD): $28.08
- Total Liquidator Bonus (USD): $19.66
- Total Protocol Bonus (USD): $8.42
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| xcDOT | 160.370381 | $266.57 | $242.34 | $24.23 | $16.96 | $7.27 | 12 |
| GLMR | 1,815.033985 | $42.32 | $38.47 | $3.85 | $2.69 | $1.15 | 10 |
Moonriver
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| xcKSM | 0.10 | 5.59M% | 45.22% |
| FRAX | 0.10 | 48.98M% | 17.41% |
| MOVR | 0.10 | 1.39M% | 1.07% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| xcKSM | +0% from 5.59K xcKSM to 5.59K xcKSM | -0% from 12.35K xcKSM to 12.33K xcKSM | +0% from 45.21% to 45.31% |
| FRAX | +1% from 48.87K FRAX to 49.23K FRAX | +0% from 281.12K FRAX to 281.85K FRAX | +0% from 17.39% to 17.47% |
| MOVR | +0% from 1.39K MOVR to 1.39K MOVR | -1% from 130.48K MOVR to 129.44K MOVR | +1% from 1.07% to 1.07% |
Liquidations
No liquidation events this week.