Weekly Update (3/20/26 - 3/26/26)
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 3/20/26 to 3/26/26. 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 |
|---|---|---|---|---|---|
| WETH | 64.00K | 96.00K | 5.82% | 4.41% | 88.01% |
| USDS | 690.00K | 750.00K | 1.21% | 1.28% | 87.35% |
| USDC | 184.00M | 200.00M | 6.89% | 9.63% | 66.03% |
| VIRTUAL | 10.00K | 4.50M | 21.17K% | 83.14% | 56.59% |
| DAI | 300.00K | 400.00K | 3.60% | 5.63% | 47.99% |
| cbETH | 0.00 | 4.00K | 0.00% | 40.76% | 45.86% |
| cbXRP | 1.60M | 5.00M | 82.84% | 63.02% | 42.07% |
| EURC | 21.00M | 21.90M | 2.59% | 7.11% | 34.91% |
| MAMO | 3.00M | 20.00M | 21.09% | 11.56% | 27.49% |
| WELL | 34.00M | 250.00M | 78.19% | 50.13% | 21.20% |
| AERO | 7.50M | 70.00M | 40.00% | 22.18% | 19.32% |
| tBTC | 5.00 | 50.00 | 3.94% | 2.26% | 18.45% |
| cbBTC | 90.00 | 1.50K | 23.62% | 8.61% | 16.46% |
| USDbC | 1.00 | 1.00 | 91.38K% | 818.52K% | 11.16% |
| wstETH | 500.00 | 14.40K | 29.84% | 9.76% | 10.62% |
| LBTC | 10.00 | 95.00 | 29.83% | 58.48% | 5.37% |
| MORPHO | 100.00K | 6.00M | 215.64% | 94.50% | 3.80% |
| rETH | 200.00 | 2.60K | 7.33% | 29.19% | 1.93% |
| weETH | 200.00 | 5.40K | 0.30% | 0.98% | 1.11% |
| wrsETH | 0.00 | 1.00 | 0.00% | 3.55K% | 0.04% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbXRP | $1,726,292.72 | 1270308.086958 | $737,963.28 | 521160.5102 |
| cbETH | $1,681,219.18 | 723.72821222 | $140,921.37 | 57.8767 |
| VIRTUAL | $1,444,154.08 | 2113844.86778591 | $684,617.69 | 933994.1247 |
| WETH | $498,774.41 | 241.73744617 | $138,121.45 | 63.8649 |
| USDC | $309,740.30 | 309799.164475 | $135,112.29 | 135112.2941 |
| wstETH | $208,086.88 | 81.97029387 | $94,729.69 | 35.6005 |
| EURC | $192,314.85 | 166522.340716 | $28,698.72 | 24783.0025 |
| MORPHO | $187,150.62 | 119467.47893064 | $25,248.29 | 14645.1771 |
| AERO | $154,306.17 | 468095.58754415 | $98,445.05 | 290398.3861 |
| cbBTC | $21,471.50 | 0.31223867 | $125,360.95 | 1.7718 |
| DAI | $1,524.44 | 1524.80417291 | $1,919.55 | 1919.5533 |
| USDS | $1,177.26 | 1177.20766774 | $154.32 | 154.3167 |
| tBTC | $833.84 | 0.01209245 | $6,238.01 | 0.0877 |
| WELL | $101.62 | 23482.67146191 | $11,296.41 | 2824102.7337 |
| weETH | $7.47 | 0.0033177 | $16,633.76 | 7.0507 |
| rETH | $2.26 | 0.00094248 | $10,496.97 | 4.1838 |
| LBTC | $1.09 | 0.00001576 | $15,015.45 | 0.2115 |
| wrsETH | $1.04 | 0.00047018 | $2,712.46 | 1.1744 |
| MAMO | $0.61 | 44.32842002 | $261.29 | 18663.529 |
| USDbC | $0.03 | 0.033564 | $2.56 | 2.5628 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | +0% from 3.71K WETH to 3.72K WETH | +0% from 4.23K WETH to 4.24K WETH | -0% from 87.77% to 87.72% |
| USDS | -0% from 8.38K USDS to 8.35K USDS | -2% from 9.76K USDS to 9.54K USDS | +2% from 85.82% to 87.55% |
| USDC | +1% from 12.69M USDC to 12.77M USDC | +3% from 19.09M USDC to 19.72M USDC | -3% from 66.48% to 64.76% |
| VIRTUAL | +1% from 2.11M VIRTUAL to 2.13M VIRTUAL | +0% from 3.74M VIRTUAL to 3.74M VIRTUAL | +1% from 56.45% to 56.86% |
| DAI | -17% from 12.43K DAI to 10.27K DAI | -0% from 22.51K DAI to 22.51K DAI | -17% from 55.21% to 45.63% |
| cbETH | +0% from 746.86 cbETH to 748.09 cbETH | +2% from 1.62K cbETH to 1.65K cbETH | -2% from 46.23% to 45.39% |
| cbXRP | +0% from 1.33M cbXRP to 1.33M cbXRP | -0% from 3.16M cbXRP to 3.16M cbXRP | +0% from 41.94% to 42.11% |
| EURC | +2% from 537.28K EURC to 547.16K EURC | -2% from 1.58M EURC to 1.54M EURC | +4% from 34.06% to 35.52% |
| MAMO | +65% from 479.39K MAMO to 791.62K MAMO | +14% from 1.98M MAMO to 2.25M MAMO | +45% from 24.20% to 35.16% |
| WELL | -23% from 29.27M WELL to 22.66M WELL | -3% from 128.17M WELL to 124.36M WELL | -20% from 22.84% to 18.22% |
| AERO | +5% from 2.78M AERO to 2.91M AERO | -2% from 15.84M AERO to 15.53M AERO | +7% from 17.57% to 18.76% |
| tBTC | -0% from 0.20 tBTC to 0.20 tBTC | -39% from 1.50 tBTC to 0.92 tBTC | +63% from 13.05% to 21.27% |
| cbBTC | -13% from 22.28 cbBTC to 19.48 cbBTC | +1% from 128.27 cbBTC to 129.96 cbBTC | -14% from 17.37% to 14.99% |
| USDbC | +0% from 913.79 USDbC to 913.80 USDbC | -0% from 8.19K USDbC to 8.18K USDbC | +0% from 11.16% to 11.17% |
| wstETH | +6% from 144.85 wstETH to 153.17 wstETH | -1% from 1.41K wstETH to 1.40K wstETH | +6% from 10.25% to 10.91% |
| LBTC | +45% from 2.66 LBTC to 3.84 LBTC | -0% from 55.59 LBTC to 55.39 LBTC | +45% from 4.78% to 6.93% |
| MORPHO | +0% from 215.62K MORPHO to 215.66K MORPHO | -0% from 5.67M MORPHO to 5.66M MORPHO | +0% from 3.80% to 3.81% |
| rETH | -3% from 14.92 rETH to 14.52 rETH | -1% from 765.38 rETH to 758.52 rETH | -2% from 1.95% to 1.91% |
| weETH | +51% from 0.48 weETH to 0.73 weETH | -0% from 53.14 weETH to 53.12 weETH | +51% from 0.90% to 1.37% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 35.63 wrsETH to 35.45 wrsETH | +0% from 0.04% to 0.04% |
Notable Trends
- USDC supply +3% (19.09M → 19.72M USDC)
- cbBTC borrows -13% (22.28 → 19.48 cbBTC)
- LBTC borrows +45% (2.66 → 3.84 LBTC)
Liquidations
- Total liquidations: 73
- Total Collateral Seized (USD): $5,084.71
- Total Debt Repaid (USD): $4,622.46
- Total Liquidation Bonus (USD): $462.25
- Total Liquidator Bonus (USD): $323.57
- Total Protocol Bonus (USD): $138.67
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| AERO | 13,477.101338 | $4,401.65 | $4,001.50 | $400.15 | $280.11 | $120.05 | 7 |
| WETH | 0.206454 | $440.57 | $400.52 | $40.05 | $28.04 | $12.02 | 22 |
| USDC | 99.568479 | $99.56 | $90.51 | $9.05 | $6.34 | $2.72 | 15 |
| cbETH | 0.030124 | $74.14 | $67.40 | $6.74 | $4.72 | $2.02 | 1 |
| WELL | 11,113.738800 | $50.69 | $46.08 | $4.61 | $3.23 | $1.38 | 7 |
| VIRTUAL | 22.782270 | $15.24 | $13.86 | $1.39 | $0.97 | $0.42 | 4 |
| MORPHO | 1.455344 | $2.56 | $2.32 | $0.23 | $0.16 | $0.07 | 6 |
| DAI | 0.291255 | $0.29 | $0.26 | $0.03 | $0.02 | $0.01 | 11 |
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% |
| USDT0 | 8.00M | 10.00M | 0.50% | 0.50% | 79.98% |
| DAI | 4.50M | 4.80M | 0.64% | 0.82% | 72.98% |
| WETH | 30.00K | 32.00K | 2.37% | 3.51% | 63.15% |
| USDC | 34.00M | 36.40M | 0.77% | 1.68% | 42.99% |
| USDT | 18.40M | 22.60M | 0.27% | 0.52% | 41.64% |
| OP | 650.00K | 5.60M | 36.79% | 14.32% | 29.81% |
| rETH | 150.00 | 750.00 | 1.58% | 2.36% | 13.39% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.44% |
| VELO | 6.00M | 80.00M | 27.18% | 39.48% | 5.17% |
| wstETH | 300.00 | 5.00K | 1.49% | 2.40% | 3.72% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 3.08% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 1.83% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $5,553.00 | 2.31593402 | $683.35 | 0.2718 |
| wstETH | $3,552.00 | 1.39690578 | $5,668.25 | 2.1262 |
| cbETH | $251.00 | 0.10794091 | $1.95 | 0.0008 |
| VELO | $21.00 | 1448.88607653 | $7,575.55 | 505036.5161 |
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% |
| USDT0 | +0% from 40.00K USDT0 to 40.04K USDT0 | -0% from 50.17K USDT0 to 49.97K USDT0 | +1% from 79.72% to 80.13% |
| DAI | +0% from 28.69K DAI to 28.73K DAI | -1% from 39.81K DAI to 39.35K DAI | +1% from 72.06% to 73.00% |
| WETH | +0% from 709.70 WETH to 710.73 WETH | +0% from 1.12K WETH to 1.12K WETH | +0% from 63.15% to 63.24% |
| USDC | -4% from 272.16K USDC to 261.96K USDC | -0% from 613.21K USDC to 611.16K USDC | -3% from 44.38% to 42.86% |
| USDT | +1% from 48.30K USDT to 48.68K USDT | +0% from 117.26K USDT to 117.31K USDT | +1% from 41.19% to 41.50% |
| OP | +0% from 237.18K OP to 237.81K OP | +1% from 796.68K OP to 805.58K OP | -1% from 29.77% to 29.52% |
| rETH | -6% from 2.47 rETH to 2.32 rETH | -3% from 17.94 rETH to 17.49 rETH | -4% from 13.76% to 13.27% |
| 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 1.63M VELO | -3% from 32.16M VELO to 31.36M VELO | +2% from 5.09% to 5.21% |
| wstETH | +0% from 4.47 wstETH to 4.47 wstETH | +1% from 119.67 wstETH to 121.31 wstETH | -1% from 3.73% to 3.68% |
| 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% |
Liquidations
- Total liquidations: 7
- Total Collateral Seized (USD): $12,469.32
- Total Debt Repaid (USD): $11,335.75
- Total Liquidation Bonus (USD): $1,133.57
- Total Liquidator Bonus (USD): $793.50
- Total Protocol Bonus (USD): $340.07
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VELO | 884,303.410000 | $12,387.48 | $11,261.35 | $1,126.13 | $788.29 | $337.84 | 2 |
| OP | 756.315650 | $81.84 | $74.40 | $7.44 | $5.21 | $2.23 | 5 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 11472.04M% | 74.92% |
| xcDOT | 0.10 | 3.28M% | 48.17% |
| FRAX | 0.10 | 143.63K% | 46.52% |
| xcUSDC | 0.10 | 9.13M% | 17.64% |
| xcUSDT | 0.10 | 12.16M% | 15.17% |
| USDC.wh | 0.10 | 8.38M% | 8.88% |
| ETH.wh | 0.10 | 845.40% | 3.36% |
| BTC.wh | 0.10 | 0.80% | 0.08% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $125,546.00 | 11675417.27597645 | $45,505.77 | 3792147.6066 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 11.47M GLMR to 11.48M GLMR | +0% from 15.31M GLMR to 15.32M GLMR | +0% from 74.92% to 74.93% |
| xcDOT | 0% from 3.28K xcDOT to 3.28K xcDOT | 0% from 1.07M xcDOT to 1.07M xcDOT | 0% from 48.17% 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 12.16K xcUSDT to 12.16K xcUSDT | 0% from 80.17K xcUSDT to 80.17K xcUSDT | 0% from 15.17% to 15.17% |
| USDC.wh | 0% from 8.38K USDC.wh to 8.38K USDC.wh | 0% from 94.34K USDC.wh to 94.34K USDC.wh | 0% from 8.88% to 8.88% |
| ETH.wh | 0% from 0.85 ETH.wh to 0.85 ETH.wh | 0% from 25.18 ETH.wh to 25.18 ETH.wh | 0% from 3.36% 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.