Weekly Update (3/27/26 - 4/2/26)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base and OP Mainnet. Data from 3/27/26 to 4/2/26. 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 | 1.21% | 1.27% | 87.80% |
| WETH | 64.00K | 96.00K | 5.25% | 4.36% | 80.27% |
| USDC | 184.00M | 200.00M | 6.77% | 9.46% | 66.37% |
| VIRTUAL | 10.00K | 4.50M | 21.36K% | 82.92% | 57.25% |
| EURC | 21.00M | 21.90M | 2.61% | 4.56% | 55.09% |
| cbETH | 0.00 | 4.00K | 0.00% | 40.53% | 46.20% |
| DAI | 300.00K | 400.00K | 3.43% | 5.63% | 45.75% |
| cbXRP | 1.60M | 5.00M | 83.18% | 61.88% | 43.08% |
| tBTC | 5.00 | 50.00 | 4.01% | 1.84% | 21.77% |
| MAMO | 3.00M | 20.00M | 22.84% | 17.65% | 20.39% |
| AERO | 7.50M | 70.00M | 38.58% | 22.88% | 18.07% |
| WELL | 34.00M | 250.00M | 71.52% | 65.55% | 15.79% |
| cbBTC | 90.00 | 1.50K | 22.12% | 8.51% | 15.60% |
| wstETH | 500.00 | 14.40K | 30.64% | 7.32% | 15.06% |
| USDbC | 1.00 | 1.00 | 91.38K% | 818.35K% | 11.17% |
| LBTC | 10.00 | 95.00 | 33.39% | 58.33% | 6.02% |
| MORPHO | 100.00K | 6.00M | 215.58% | 94.38% | 3.81% |
| rETH | 200.00 | 2.60K | 7.24% | 29.18% | 1.91% |
| weETH | 200.00 | 5.40K | 0.33% | 1.15% | 1.10% |
| wrsETH | 0.00 | 1.00 | 0.00% | 3.53K% | 0.04% |
| VVV | 0.1 | 170K | 0.00% | 21.63% | 0.00% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,691,325.11 | 725.4342164 | $133,520.16 | 58.2597 |
| cbXRP | $1,679,878.34 | 1271989.467206 | $680,521.49 | 521872.309 |
| VIRTUAL | $1,356,950.89 | 2133595.67314738 | $594,413.13 | 942017.6356 |
| WETH | $500,306.43 | 241.76505758 | $147,455.29 | 72.4731 |
| USDC | $320,116.79 | 320148.414757 | $136,792.14 | 136792.1393 |
| wstETH | $208,773.75 | 81.98540355 | $89,140.69 | 35.6062 |
| EURC | $192,001.04 | 166614.06215 | $28,601.90 | 24828.0381 |
| MORPHO | $177,681.91 | 119487.55707242 | $21,989.97 | 14659.9797 |
| AERO | $147,743.05 | 468475.31720398 | $92,022.38 | 292134.5322 |
| cbBTC | $20,906.43 | 0.31229628 | $117,512.95 | 1.7725 |
| DAI | $1,525.24 | 1525.39362138 | $1,923.87 | 1923.8748 |
| USDS | $1,179.15 | 1179.53365689 | $156.05 | 156.0546 |
| tBTC | $810.34 | 0.01209708 | $5,838.65 | 0.0877 |
| WELL | $96.27 | 23498.30889261 | $11,315.43 | 2828857.2758 |
| weETH | $7.49 | 0.00331781 | $15,657.36 | 7.0507 |
| rETH | $2.26 | 0.0009425 | $9,879.87 | 4.1839 |
| LBTC | $1.06 | 0.00001576 | $14,071.16 | 0.2115 |
| wrsETH | $1.04 | 0.00047018 | $2,553.01 | 1.1744 |
| MAMO | $0.57 | 44.4046777 | $248.66 | 19127.61 |
| USDbC | $0.03 | 0.033566 | $2.65 | 2.6466 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDS | +1% from 8.35K USDS to 8.40K USDS | +2% from 9.49K USDS to 9.65K USDS | -1% from 88.02% to 87.09% |
| WETH | -13% from 3.71K WETH to 3.21K WETH | -3% from 4.23K WETH to 4.10K WETH | -11% from 87.81% to 78.46% |
| USDC | -2% from 12.77M USDC to 12.48M USDC | -24% from 19.77M USDC to 15.02M USDC | +29% from 64.57% to 83.12% |
| VIRTUAL | +1% from 2.13M VIRTUAL to 2.15M VIRTUAL | -0% from 3.74M VIRTUAL to 3.72M VIRTUAL | +1% from 56.89% to 57.67% |
| EURC | +0% from 546.70K EURC to 548.63K EURC | -37% from 1.55M EURC to 970.49K EURC | +60% from 35.37% to 56.53% |
| cbETH | +0% from 748.12 cbETH to 749.64 cbETH | -1% from 1.65K cbETH to 1.63K cbETH | +1% from 45.38% to 45.97% |
| DAI | +0% from 10.27K DAI to 10.32K DAI | +0% from 22.51K DAI to 22.51K DAI | +0% from 45.63% to 45.84% |
| cbXRP | +0% from 1.33M cbXRP to 1.33M cbXRP | -8% from 3.16M cbXRP to 2.91M cbXRP | +9% from 42.11% to 45.84% |
| tBTC | -0% from 0.20 tBTC to 0.20 tBTC | +0% from 0.92 tBTC to 0.92 tBTC | -0% from 21.27% to 21.26% |
| MAMO | -18% from 791.30K MAMO to 645.16K MAMO | +63% from 2.25M MAMO to 3.66M MAMO | -50% from 35.14% to 17.61% |
| AERO | -6% from 2.91M AERO to 2.74M AERO | +5% from 15.53M AERO to 16.24M AERO | -10% from 18.76% to 16.89% |
| WELL | +15% from 22.66M WELL to 26.03M WELL | +73% from 124.36M WELL to 215.03M WELL | -34% from 18.22% to 12.11% |
| cbBTC | +5% from 19.58 cbBTC to 20.49 cbBTC | -5% from 128.89 cbBTC to 122.45 cbBTC | +10% from 15.19% to 16.74% |
| wstETH | +0% from 153.16 wstETH to 153.25 wstETH | -38% from 1.40K wstETH to 873.87 wstETH | +61% from 10.91% to 17.54% |
| USDbC | +0% from 913.80 USDbC to 913.87 USDbC | -0% from 8.18K USDbC to 8.18K USDbC | +0% from 11.17% to 11.17% |
| LBTC | -33% from 3.84 LBTC to 2.59 LBTC | +0% from 55.39 LBTC to 55.44 LBTC | -33% from 6.93% to 4.67% |
| MORPHO | -0% from 215.66K MORPHO to 215.53K MORPHO | -0% from 5.66M MORPHO to 5.66M MORPHO | -0% from 3.81% to 3.81% |
| rETH | -0% from 14.51 rETH to 14.47 rETH | +0% from 758.58 rETH to 758.92 rETH | -0% from 1.91% to 1.91% |
| weETH | -12% from 0.71 weETH to 0.63 weETH | +46% from 53.11 weETH to 77.79 weETH | -40% from 1.35% to 0.81% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -1% from 35.45 wrsETH to 35.24 wrsETH | +1% from 0.04% to 0.04% |
| VVV | N/A | +982% from 6023.97 VVV to 65153.19 VVV | N/A |
Notable Trends
- USDC supply -24% (19.77M → 15.02M USDC)
- wstETH supply -38% (1.40K → 873.87 wstETH)
- EURC supply -37% (1.55M → 970.49K EURC)
- WELL supply +73% (124.36M → 215.03M WELL)
- VVV supply +982% (6023.97 → 65153.19 VVV)
Liquidations
- Total liquidations: 49
- Total Collateral Seized (USD): $6,488.21
- Total Debt Repaid (USD): $5,898.37
- Total Liquidation Bonus (USD): $589.84
- Total Liquidator Bonus (USD): $412.89
- Total Protocol Bonus (USD): $176.95
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDC | 4,821.481200 | $4,820.32 | $4,382.11 | $438.21 | $306.75 | $131.46 | 12 |
| cbXRP | 576.098000 | $760.04 | $690.95 | $69.09 | $48.37 | $20.73 | 2 |
| WETH | 0.239337 | $477.34 | $433.94 | $43.39 | $30.38 | $13.02 | 22 |
| cbBTC | 0.002502 | $162.62 | $147.84 | $14.78 | $10.35 | $4.44 | 2 |
| AERO | 459.846319 | $146.74 | $133.40 | $13.34 | $9.34 | $4.00 | 7 |
| wstETH | 0.042437 | $106.68 | $96.98 | $9.70 | $6.79 | $2.91 | 1 |
| VIRTUAL | 21.821650 | $14.48 | $13.16 | $1.32 | $0.92 | $0.39 | 3 |
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 | 0.64% | 0.82% | 73.00% |
| USDT0 | 8.00M | 10.00M | 0.50% | 0.58% | 70.24% |
| WETH | 30.00K | 32.00K | 1.88% | 3.00% | 55.42% |
| USDC | 34.00M | 36.40M | 0.80% | 1.72% | 43.02% |
| USDT | 18.40M | 22.60M | 0.27% | 0.52% | 41.74% |
| OP | 650.00K | 5.60M | 42.83% | 14.57% | 34.14% |
| rETH | 150.00 | 750.00 | 1.55% | 2.35% | 13.17% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.44% |
| VELO | 6.00M | 80.00M | 27.22% | 39.19% | 5.21% |
| wstETH | 300.00 | 5.00K | 1.37% | 2.43% | 3.38% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 3.08% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 1.99% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $5,531.00 | 2.31593402 | $646.59 | 0.2718 |
| wstETH | $3,538.00 | 1.39690578 | $5,364.22 | 2.1262 |
| cbETH | $250.00 | 0.10794091 | $1.85 | 0.0008 |
| VELO | $20.00 | 1448.88607653 | $7,073.79 | 505270.7991 |
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 | +0% from 28.73K DAI to 28.74K DAI | +0% from 39.35K DAI to 39.37K DAI | +0% from 73.00% to 73.01% |
| USDT0 | +0% from 40.04K USDT0 to 40.07K USDT0 | +25% from 49.84K USDT0 to 62.49K USDT0 | -20% from 80.34% to 64.12% |
| WETH | +42% from 710.73 WETH to 1.01K WETH | +22% from 1.12K WETH to 1.38K WETH | +16% from 63.24% to 73.54% |
| USDC | +29% from 261.96K USDC to 338.42K USDC | +11% from 611.16K USDC to 677.88K USDC | +16% from 42.86% to 49.92% |
| USDT | +0% from 48.68K USDT to 48.79K USDT | +0% from 117.31K USDT to 117.33K USDT | +0% from 41.50% to 41.59% |
| OP | +26% from 238.28K OP to 300.05K OP | +8% from 806.30K OP to 870.53K OP | +17% from 29.55% to 34.47% |
| rETH | +0% from 2.32 rETH to 2.32 rETH | +1% from 17.49 rETH to 17.68 rETH | -1% from 13.27% to 13.12% |
| 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 1.63M VELO to 1.64M VELO | +0% from 31.36M VELO to 31.36M VELO | +0% from 5.21% to 5.21% |
| wstETH | -13% from 4.47 wstETH to 3.89 wstETH | +1% from 121.31 wstETH to 121.93 wstETH | -13% from 3.68% to 3.19% |
| 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 | -17% from 15.09 wrsETH to 12.48 wrsETH | +21% from 1.83% to 2.22% |
Notable Trends
- WETH borrows +42% (710.73 → 1.01K WETH)
- WETH supply +22% (1.12K → 1.38K WETH)
- USDC borrows +29% (261.96K → 338.42K USDC)
- USDT0 supply +25% (49.84K → 62.49K USDT0)
Liquidations
- Total liquidations: 12
- Total Collateral Seized (USD): $43.61
- Total Debt Repaid (USD): $39.64
- Total Liquidation Bonus (USD): $3.96
- Total Liquidator Bonus (USD): $2.78
- Total Protocol Bonus (USD): $1.19
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| OP | 215.197760 | $21.92 | $19.93 | $1.99 | $1.39 | $0.60 | 10 |
| USDC | 21.507200 | $21.50 | $19.55 | $1.95 | $1.37 | $0.59 | 1 |
| wstETH | 0.000077 | $0.19 | $0.17 | $0.02 | $0.01 | $0.01 | 1 |