Weekly Update (3/13/26 - 3/19/26)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP mainnet, and Moonbeam. Data from 3/13/26 to 3/19/26. 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 | 1.22% | 1.27% | 88.12% |
| WETH | 64.00K | 96.00K | 5.89% | 4.47% | 87.71% |
| USDC | 184.00M | 200.00M | 6.77% | 9.82% | 63.42% |
| VIRTUAL | 10.00K | 4.50M | 21.00K% | 82.04% | 56.89% |
| DAI | 300.00K | 400.00K | 4.14% | 5.63% | 55.12% |
| cbXRP | 1.60M | 5.00M | 94.18% | 63.58% | 47.40% |
| cbETH | 0.00 | 4.00K | 0.00% | 42.82% | 43.79% |
| EURC | 21.00M | 21.90M | 2.80% | 6.39% | 42.78% |
| MAMO | 3.00M | 20.00M | 20.39% | 9.91% | 30.84% |
| WELL | 34.00M | 250.00M | 90.10% | 50.34% | 24.34% |
| AERO | 7.50M | 70.00M | 37.60% | 22.25% | 18.10% |
| cbBTC | 90.00 | 1.50K | 25.41% | 8.63% | 17.67% |
| tBTC | 5.00 | 50.00 | 3.93% | 2.98% | 13.19% |
| USDbC | 1.00 | 1.00 | 91.52K% | 818.56K% | 11.18% |
| wstETH | 500.00 | 14.40K | 28.97% | 10.14% | 9.93% |
| LBTC | 10.00 | 95.00 | 36.79% | 57.29% | 6.80% |
| MORPHO | 100.00K | 6.00M | 215.66% | 94.57% | 3.80% |
| rETH | 200.00 | 2.60K | 7.33% | 29.43% | 1.92% |
| weETH | 200.00 | 5.40K | 0.23% | 0.99% | 0.88% |
| wrsETH | 0.00 | 1.00 | 0.00% | 3.56K% | 0.04% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | -0% from 8.40K USDS to 8.39K USDS | +4% from 9.37K USDS to 9.76K USDS | -4% from 89.60% to 85.92% |
| WETH | -0% from 3.73K WETH to 3.71K WETH | -1% from 4.26K WETH to 4.23K WETH | +0% from 87.51% to 87.73% |
| USDC | +5% from 12.09M USDC to 12.68M USDC | -2% from 19.61M USDC to 19.12M USDC | +8% from 61.64% to 66.32% |
| VIRTUAL | +1% from 2.09M VIRTUAL to 2.11M VIRTUAL | +3% from 3.62M VIRTUAL to 3.72M VIRTUAL | -2% from 57.80% to 56.64% |
| DAI | -0% from 12.46K DAI to 12.43K DAI | -1% from 22.70K DAI to 22.51K DAI | +1% from 54.90% to 55.21% |
| cbXRP | -17% from 1.59M cbXRP to 1.33M cbXRP | -0% from 3.17M cbXRP to 3.16M cbXRP | -17% from 50.25% to 41.95% |
| cbETH | +0% from 745.04 cbETH to 746.84 cbETH | -15% from 1.89K cbETH to 1.62K cbETH | +17% from 39.39% to 46.23% |
| EURC | -9% from 589.38K EURC to 537.28K EURC | +53% from 1.03M EURC to 1.58M EURC | -40% from 57.09% to 34.06% |
| MAMO | -28% from 665.70K MAMO to 479.39K MAMO | -1% from 2.00M MAMO to 1.98M MAMO | -27% from 33.34% to 24.20% |
| WELL | -5% from 30.68M WELL to 29.27M WELL | +2% from 125.73M WELL to 128.22M WELL | -6% from 24.40% to 22.83% |
| AERO | -1% from 2.80M AERO to 2.78M AERO | -1% from 15.59M AERO to 15.50M AERO | -0% from 17.99% to 17.96% |
| cbBTC | -14% from 25.93 cbBTC to 22.30 cbBTC | -2% from 130.39 cbBTC to 128.26 cbBTC | -13% from 19.89% to 17.39% |
| tBTC | -2% from 0.20 tBTC to 0.20 tBTC | +2% from 1.48 tBTC to 1.50 tBTC | -4% from 13.52% to 13.05% |
| USDbC | -0% from 916.19 USDbC to 913.79 USDbC | -0% from 8.19K USDbC to 8.19K USDbC | -0% from 11.19% to 11.16% |
| wstETH | -0% from 144.88 wstETH to 144.85 wstETH | -4% from 1.48K wstETH to 1.41K wstETH | +5% from 9.81% to 10.25% |
| LBTC | -14% from 3.09 LBTC to 2.66 LBTC | +62% from 34.30 LBTC to 55.59 LBTC | -47% from 9.02% to 4.78% |
| MORPHO | -0% from 215.76K MORPHO to 215.62K MORPHO | -0% from 5.67M MORPHO to 5.67M MORPHO | -0% from 3.80% to 3.80% |
| rETH | +2% from 14.57 rETH to 14.92 rETH | +0% from 765.05 rETH to 765.38 rETH | +2% from 1.91% to 1.95% |
| weETH | +3% from 0.47 weETH to 0.48 weETH | -1% from 53.90 weETH to 53.14 weETH | +4% from 0.87% to 0.90% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 35.63 wrsETH to 35.63 wrsETH | 0% from 0.04% to 0.04% |
Notable Trends
- LBTC supply +62% (34.30 → 55.59 LBTC)
- cbETH supply -15% (1.89K → 1.62K cbETH)
- EURC supply +53% (1.03M → 1.58M EURC)
- cbXRP borrows -17% (1.59M → 1.33M cbXRP)
Liquidations
- Total liquidations: 78
- Total Collateral Seized (USD): $11,381.59
- Total Debt Repaid (USD): $10,346.90
- Total Liquidation Bonus (USD): $1,034.69
- Total Liquidator Bonus (USD): $724.28
- Total Protocol Bonus (USD): $310.41
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VIRTUAL | 9,108.400431 | $6,716.55 | $6,105.95 | $610.60 | $427.42 | $183.18 | 4 |
| AERO | 7,496.355959 | $2,441.00 | $2,219.09 | $221.91 | $155.34 | $66.57 | 14 |
| cbETH | 0.683485 | $1,712.78 | $1,557.08 | $155.71 | $109.00 | $46.71 | 6 |
| USDC | 335.818002 | $335.81 | $305.28 | $30.53 | $21.37 | $9.16 | 12 |
| WETH | 0.043987 | $94.91 | $86.29 | $8.63 | $6.04 | $2.59 | 36 |
| WELL | 16,607.830000 | $76.15 | $69.22 | $6.92 | $4.85 | $2.08 | 2 |
| MORPHO | 1.613060 | $3.23 | $2.94 | $0.29 | $0.21 | $0.09 | 1 |
| cbBTC | 0.000016 | $1.16 | $1.05 | $0.11 | $0.07 | $0.03 | 3 |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbXRP | $1,838,841.72 | 1268691.688 | $754,443.53 | 520664.9641 |
| cbETH | $1,741,899.63 | 722.1912369 | $139,482.73 | 57.6124 |
| VIRTUAL | $1,494,437.73 | 2097074.873 | $668,994.81 | 929159.4602 |
| WETH | $518,073.61 | 241.7224427 | $137,225.70 | 63.7863 |
| USDC | $309,589.92 | 309586.9939 | $134,229.94 | 134229.9406 |
| wstETH | $216,000.00 | 81.96002598 | $94,170.16 | 35.5982 |
| MORPHO | $208,605.65 | 119447.6273 | $25,816.83 | 14635.3919 |
| EURC | $193,152.11 | 166550.824 | $28,624.75 | 24761.8935 |
| AERO | $152,318.87 | 467699.2639 | $94,872.64 | 289245.8444 |
| cbBTC | $21,959.04 | 0.3121788 | $125,346.29 | 1.7715 |
| DAI | $1,524.01 | 1523.925248 | $1,913.93 | 1913.9287 |
| USDS | $1,209.55 | 1210.132672 | $153.51 | 153.5143 |
| tBTC | $850.33 | 0.01208977 | $6,200.14 | 0.0877 |
| WELL | $107.57 | 23461.75663 | $14,094.45 | 2818890.83 |
| weETH | $7.75 | 0.00331757 | $16,539.66 | 7.0507 |
| rETH | $2.35 | 0.00094246 | $10,438.10 | 4.1838 |
| LBTC | $1.11 | 0.00001576 | $15,015.26 | 0.2115 |
| wrsETH | $1.08 | 0.00047018 | $2,697.47 | 1.1744 |
| MAMO | $0.63 | 44.2211953 | $256.29 | 18306.6736 |
| USDbC | $0.03 | 0.033561 | $2.50 | 2.4952 |
OP Mainnet
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| cbETH | 0.00 | 0.00 | 0.00% | 0.00% | 99.45% |
| DAI | 4.50M | 4.80M | 1.25% | 1.40% | 80.03% |
| USDT0 | 8.00M | 10.00M | 0.50% | 0.51% | 78.07% |
| WETH | 30.00K | 32.00K | 2.36% | 3.51% | 62.96% |
| USDC | 34.00M | 36.40M | 1.08% | 1.95% | 51.67% |
| USDT | 18.40M | 22.60M | 0.26% | 0.52% | 40.97% |
| OP | 650.00K | 5.60M | 36.04% | 14.43% | 28.99% |
| rETH | 150.00 | 750.00 | 1.65% | 2.39% | 13.76% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.44% |
| VELO | 6.00M | 80.00M | 27.28% | 39.05% | 5.24% |
| wstETH | 300.00 | 5.00K | 1.99% | 2.43% | 4.91% |
| weETH | 4.00 | 10.00 | 32.21% | 417.85% | 3.08% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 1.83% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | 0% from 0.11 cbETH to 0.11 cbETH | 0% from 0.11 cbETH to 0.11 cbETH | 0% from 99.45% to 99.45% |
| DAI | -66% from 83.54K DAI to 28.69K DAI | -58% from 95.06K DAI to 39.81K DAI | -18% from 87.87% to 72.06% |
| USDT0 | +0% from 39.96K USDT0 to 40.00K USDT0 | -6% from 53.52K USDT0 to 50.17K USDT0 | +7% from 74.66% to 79.72% |
| WETH | +1% from 702.98 WETH to 709.70 WETH | +0% from 1.12K WETH to 1.12K WETH | +1% from 62.60% to 63.15% |
| USDC | +2% from 265.85K USDC to 272.16K USDC | +4% from 593.42K USDC to 618.25K USDC | -2% from 44.80% to 44.02% |
| USDT | +0% from 48.28K USDT to 48.30K USDT | -3% from 121.05K USDT to 117.26K USDT | +3% from 39.88% to 41.19% |
| OP | +2% from 231.90K OP to 237.18K OP | -1% from 808.02K OP to 796.68K OP | +4% from 28.70% to 29.77% |
| rETH | +0% from 2.47 rETH to 2.47 rETH | -0% from 18.00 rETH to 17.94 rETH | +0% from 13.72% to 13.76% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | 0% from 9.44% to 9.44% |
| VELO | -0% from 1.64M VELO to 1.64M VELO | +3% from 31.21M VELO to 32.16M VELO | -3% from 5.24% to 5.09% |
| wstETH | +0% from 4.46 wstETH to 4.47 wstETH | -1% from 120.65 wstETH to 119.67 wstETH | +1% from 3.70% to 3.73% |
| weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 41.78 weETH to 41.78 weETH | 0% from 3.08% to 3.08% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 15.09 wrsETH to 15.09 wrsETH | 0% from 1.83% to 1.83% |
Notable Trends
- DAI supply -58% (95.06K → 39.81K DAI)
- DAI borrows -66% (83.54K → 28.69K DAI)
- USDC supply +4% (593.42K → 618.25K USDC)
- VELO supply +3% (31.21M → 32.16M VELO)
Liquidations
No liquidation events this week.
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $5,773.00 | 2.31593402 | $678.20 | 0.2717 |
| wstETH | $3,692.00 | 1.39690578 | $5,627.07 | 2.1262 |
| cbETH | $261.00 | 0.10794091 | $1.94 | 0.0008 |
| VELO | $22.00 | 1448.886077 | $7,175.28 | 478351.7789 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 11324.41M% | 75.47% |
| xcDOT | 0.10 | 3.28M% | 48.16% |
| FRAX | 0.10 | 143.63K% | 46.52% |
| xcUSDC | 0.10 | 9.13M% | 17.64% |
| xcUSDT | 0.10 | 12.15M% | 15.16% |
| USDC.wh | 0.10 | 8.38M% | 8.86% |
| ETH.wh | 0.10 | 845.08% | 3.34% |
| BTC.wh | 0.10 | 0.80% | 0.08% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +3% from 11.18M GLMR to 11.47M GLMR | +8% from 14.20M GLMR to 15.31M GLMR | -5% from 78.72% to 74.92% |
| xcDOT | +0% from 3.28K xcDOT to 3.28K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 48.16% to 48.17% |
| FRAX | 0% from 143.63 FRAX to 143.63 FRAX | 0% from 38.70K FRAX to 38.70K FRAX | 0% from 46.52% to 46.52% |
| xcUSDC | 0% from 9.13K xcUSDC to 9.13K xcUSDC | 0% from 51.74K xcUSDC to 51.74K xcUSDC | 0% from 17.64% to 17.64% |
| xcUSDT | +0% from 12.15K xcUSDT to 12.16K xcUSDT | -0% from 80.19K xcUSDT to 80.17K xcUSDT | +0% from 15.15% to 15.17% |
| USDC.wh | +0% from 8.38K USDC.wh to 8.38K USDC.wh | -1% from 94.84K USDC.wh to 94.34K USDC.wh | +1% from 8.83% to 8.88% |
| ETH.wh | +0% from 0.84 ETH.wh to 0.85 ETH.wh | -1% from 25.38 ETH.wh to 25.18 ETH.wh | +1% from 3.33% to 3.36% |
| BTC.wh | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.04 BTC.wh to 1.04 BTC.wh | +0% from 0.08% to 0.08% |
Liquidations
No liquidation events this week.
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $132,382.00 | 11387964.32 | $45,505.77 | 3792147.607 |