Weekly Update (4/24/26 - 4/30/26)
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 4/24/26 to 4/30/26. 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 | 5.26% | 4.22% | 83.16% |
| USDC | 184.00M | 200.00M | 6.80% | 7.58% | 82.55% |
| USDS | 690.00K | 750.00K | 1.21% | 1.52% | 73.39% |
| EURC | 21.00M | 21.90M | 2.58% | 4.36% | 57.37% |
| VIRTUAL | 10.00K | 4.50M | 18.12K% | 76.36% | 51.81% |
| DAI | 300.00K | 400.00K | 3.62% | 5.63% | 48.19% |
| cbETH | 0.00 | 4.00K | 0.00% | 40.68% | 44.86% |
| cbXRP | 1.60M | 5.00M | 70.27% | 53.17% | 41.72% |
| AERO | 7.50M | 70.00M | 53.09% | 22.89% | 24.85% |
| MAMO | 3.00M | 20.00M | 11.17% | 7.61% | 22.01% |
| wstETH | 500.00 | 14.40K | 31.38% | 6.17% | 17.87% |
| cbBTC | 90.00 | 1.50K | 24.46% | 8.52% | 17.24% |
| WELL | 34.00M | 250.00M | 69.22% | 66.37% | 14.19% |
| USDbC | 1.00 | 1.00 | 91.41K% | 810.74K% | 11.28% |
| tBTC | 5.00 | 50.00 | 1.15% | 1.67% | 6.91% |
| LBTC | 10.00 | 95.00 | 30.88% | 57.41% | 5.63% |
| MORPHO | 100.00K | 6.00M | 215.66% | 94.19% | 3.82% |
| rETH | 200.00 | 2.60K | 7.17% | 29.21% | 1.89% |
| weETH | 0.00 | 5.40K | 0.00% | 1.27% | 0.49% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% |
| VVV | 0.00 | 170.00K | 0.00% | 40.11% | 0.00% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,714,568.33 | 672.47509387 | $1,778.22 | 0.6988 |
| cbXRP | $1,036,072.48 | 755981.380052 | $2,785.17 | 2030.0089 |
| VIRTUAL | $858,783.35 | 1252430.20495838 | $10,043.48 | 14513.6997 |
| WETH | $545,906.45 | 241.91925574 | $164,632.28 | 72.9065 |
| MORPHO | $237,216.08 | 119567.28581166 | $29,988.97 | 14722.1281 |
| USDC | $229,553.20 | 229578.448604 | $60,654.02 | 60654.0178 |
| wstETH | $228,026.49 | 82.05342311 | $99,065.48 | 35.6258 |
| AERO | $207,258.09 | 470267.03568345 | $134,441.66 | 297437.296 |
| EURC | $195,535.16 | 167074.493078 | $29,260.03 | 25008.5733 |
| cbBTC | $23,832.92 | 0.31254997 | $134,912.33 | 1.7742 |
| DAI | $1,527.57 | 1527.80207491 | $1,941.62 | 1941.6193 |
| USDS | $1,051.10 | 1051.52030669 | $160.21 | 160.2147 |
| tBTC | $924.75 | 0.01210449 | $6,666.31 | 0.0877 |
| WELL | $99.75 | 23552.01241341 | $11,370.96 | 2842740.9984 |
| weETH | $8.17 | 0.00331801 | $17,368.29 | 7.0507 |
| rETH | $2.47 | 0.00094258 | $10,983.93 | 4.1843 |
| LBTC | $1.21 | 0.00001576 | $16,151.73 | 0.2116 |
| wrsETH | $1.14 | 0.00047018 | $2,836.55 | 1.1744 |
| MAMO | $0.56 | 44.73879202 | $240.80 | 20066.5432 |
| USDbC | $0.03 | 0.033578 | $2.97 | 2.9678 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | -5% from 3.58K WETH to 3.38K WETH | -0% from 4.05K WETH to 4.04K WETH | -5% from 88.38% to 83.70% |
| USDC | -1% from 12.60M USDC to 12.46M USDC | -2% from 15.85M USDC to 15.50M USDC | +1% from 79.49% to 80.41% |
| USDS | -0% from 8.36K USDS to 8.35K USDS | -10% from 11.64K USDS to 10.44K USDS | +11% from 71.77% to 79.94% |
| EURC | +1% from 541.44K EURC to 544.63K EURC | -22% from 1.12M EURC to 876.61K EURC | +29% from 48.31% to 62.13% |
| VIRTUAL | -43% from 2.21M VIRTUAL to 1.27M VIRTUAL | -25% from 3.83M VIRTUAL to 2.85M VIRTUAL | -23% from 57.56% to 44.34% |
| DAI | +5% from 10.77K DAI to 11.26K DAI | +0% from 22.52K DAI to 22.53K DAI | +5% from 47.82% to 50.00% |
| cbETH | -8% from 754.47 cbETH to 696.36 cbETH | -3% from 1.65K cbETH to 1.61K cbETH | -5% from 45.66% to 43.30% |
| cbXRP | -39% from 1.34M cbXRP to 820.63K cbXRP | -17% from 2.86M cbXRP to 2.36M cbXRP | -26% from 46.87% to 34.71% |
| AERO | +31% from 3.21M AERO to 4.22M AERO | -1% from 16.08M AERO to 15.88M AERO | +33% from 19.96% to 26.56% |
| MAMO | -8% from 237.83K MAMO to 218.82K MAMO | +0% from 1.52M MAMO to 1.52M MAMO | -8% from 15.62% to 14.36% |
| wstETH | -2% from 151.06 wstETH to 148.02 wstETH | -17% from 1.00K wstETH to 828.70 wstETH | +18% from 15.10% to 17.86% |
| cbBTC | +10% from 20.20 cbBTC to 22.24 cbBTC | +1% from 123.01 cbBTC to 124.03 cbBTC | +9% from 16.42% to 17.93% |
| WELL | -12% from 25.01M WELL to 22.07M WELL | +0% from 165.54M WELL to 166.34M WELL | -12% from 15.11% to 13.27% |
| USDbC | +0% from 914.10 USDbC to 914.19 USDbC | -0% from 8.11K USDbC to 8.10K USDbC | +0% from 11.27% to 11.28% |
| tBTC | -3% from 0.06 tBTC to 0.06 tBTC | -0% from 0.83 tBTC to 0.83 tBTC | -3% from 6.97% to 6.75% |
| LBTC | +2% from 3.95 LBTC to 4.03 LBTC | -1% from 55.46 LBTC to 55.17 LBTC | +2% from 7.13% to 7.30% |
| MORPHO | +0% from 215.64K MORPHO to 215.67K MORPHO | +0% from 5.65M MORPHO to 5.65M MORPHO | -0% from 3.82% to 3.82% |
| rETH | -0% from 14.34 rETH to 14.33 rETH | -0% from 759.51 rETH to 759.42 rETH | -0% from 1.89% to 1.89% |
| weETH | -5% from 0.34 weETH to 0.32 weETH | -0% from 68.37 weETH to 68.36 weETH | -5% from 0.50% to 0.47% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.23 wrsETH to 33.18 wrsETH | +0% from 0.04% to 0.04% |
| VVV | 0% from 0.10 VVV to 0.10 VVV | +11% from 64.54K VVV to 71.60K VVV | -10% from 0.00% to 0.00% |
Notable Trends
- cbXRP borrows -39% (1.34M → 820.63K cbXRP)
- cbXRP supply -17% (2.86M → 2.36M cbXRP)
- VIRTUAL supply -25% (3.83M → 2.85M VIRTUAL)
- VIRTUAL borrows -43% (2.21M → 1.27M VIRTUAL)
- wstETH supply -17% (1.00K → 828.70 wstETH)
cbXRP & VIRTUAL had significant bad debt repayment this past week, which explains why supply and borrows both decreased (reserves withdrawn → supply goes down, repay debt → borrow goes down).
Liquidations
- Total liquidations: 12
- Total Collateral Seized (USD): $61.27
- Total Debt Repaid (USD): $55.70
- Total Liquidation Bonus (USD): $5.57
- Total Liquidator Bonus (USD): $3.90
- Total Protocol Bonus (USD): $1.67
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDS | 31.147400 | $31.13 | $28.30 | $2.83 | $1.98 | $0.85 | 1 |
| WETH | 0.009457 | $21.95 | $19.95 | $2.00 | $1.40 | $0.60 | 6 |
| USDC | 7.190000 | $7.19 | $6.54 | $0.65 | $0.46 | $0.20 | 3 |
| wstETH | 0.000350 | $1.00 | $0.91 | $0.09 | $0.06 | $0.03 | 1 |
| EURC | 0.000005 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | 1 |
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% | 99.96% |
| DAI | 4.50M | 4.80M | 0.98% | 1.08% | 84.27% |
| USDT0 | 8.00M | 10.00M | 0.50% | 0.56% | 71.98% |
| USDC | 34.00M | 36.40M | 0.86% | 1.53% | 51.98% |
| USDT | 18.40M | 22.60M | 0.27% | 0.46% | 47.96% |
| OP | 650.00K | 5.60M | 61.44% | 15.71% | 45.40% |
| WETH | 30.00K | 32.00K | 1.23% | 2.39% | 42.06% |
| rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.66% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 12.15% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% |
| VELO | 6.00M | 80.00M | 31.38% | 43.87% | 5.37% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.23% | 3.62% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 2.22% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $6,087.00 | 2.31822015 | $713.09 | 0.2719 |
| wstETH | $3,887.00 | 1.39732708 | $5,907.53 | 2.1263 |
| cbETH | $383.00 | 0.15055475 | $12.97 | 0.0051 |
| VELO | $25.00 | 1453.55641554 | $9,786.28 | 543682.1312 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | +7% from 0.14 cbETH to 0.15 cbETH | +7% from 0.14 cbETH to 0.15 cbETH | -0% from 99.99% to 99.94% |
| DAI | +23% from 37.20K DAI to 45.69K DAI | +15% from 45.64K DAI to 52.61K DAI | +7% from 81.51% to 86.86% |
| USDT0 | +0% from 40.11K USDT0 to 40.15K USDT0 | -1% from 56.07K USDT0 to 55.54K USDT0 | +1% from 71.53% to 72.28% |
| USDC | -6% from 367.85K USDC to 347.47K USDC | -18% from 678.09K USDC to 553.73K USDC | +16% from 54.25% to 62.75% |
| USDT | -0% from 50.25K USDT to 50.25K USDT | +0% from 104.71K USDT to 104.94K USDT | -0% from 47.99% to 47.89% |
| OP | +4% from 383.15K OP to 400.09K OP | +3% from 862.92K OP to 885.05K OP | +2% from 44.40% to 45.20% |
| WETH | -7% from 590.94 WETH to 550.82 WETH | -1% from 979.05 WETH to 966.62 WETH | -6% from 60.36% to 56.98% |
| rETH | +0% from 2.32 rETH to 2.32 rETH | +0% from 16.99 rETH to 16.99 rETH | +0% from 13.66% to 13.66% |
| weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 10.61 weETH to 10.61 weETH | 0% from 12.15% to 12.15% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.48% to 9.49% |
| VELO | +5% from 1.86M VELO to 1.96M VELO | +0% from 35.06M VELO to 35.17M VELO | +5% from 5.31% to 5.57% |
| wstETH | -15% from 4.59 wstETH to 3.88 wstETH | -5% from 114.44 wstETH to 108.97 wstETH | -11% from 4.01% to 3.56% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.47 wrsETH to 12.47 wrsETH | 0% from 2.22% to 2.22% |
Notable Trends
- USDC supply -18% (678.09K → 553.73K USDC)
- DAI borrows +23% (37.20K → 45.69K DAI)
Liquidations
- Total liquidations: 1
- Total Collateral Seized (USD): $0.25
- Total Debt Repaid (USD): $0.23
- Total Liquidation Bonus (USD): $0.02
- Total Liquidator Bonus (USD): $0.02
- Total Protocol Bonus (USD): $0.01
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| wstETH | 0.000089 | $0.25 | $0.23 | $0.02 | $0.02 | $0.01 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 13435.91M% | 86.48% |
| xcDOT | 0.10 | 3.29M% | 48.19% |
| FRAX | 0.10 | 134.16K% | 47.86% |
| xcUSDC | 0.10 | 8.52M% | 20.07% |
| xcUSDT | 0.10 | 11.99M% | 15.38% |
| USDC.wh | 0.10 | 7.84M% | 8.31% |
| ETH.wh | 0.10 | 836.70% | 3.33% |
| BTC.wh | 0.10 | 2.20% | 0.21% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $234,932.00 | 13594323.2460084 | $83,167.19 | 4905234.3048 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +4% from 13.19M GLMR to 13.70M GLMR | +3% from 15.65M GLMR to 16.14M GLMR | +1% from 84.27% to 84.90% |
| xcDOT | +0% from 3.29K xcDOT to 3.29K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 48.08% to 48.26% |
| FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 47.86% to 47.86% |
| xcUSDC | -1% from 8.59K xcUSDC to 8.50K xcUSDC | +0% from 42.47K xcUSDC to 42.48K xcUSDC | -1% from 20.23% to 20.01% |
| xcUSDT | -0% from 12.03K xcUSDT to 11.98K xcUSDT | +0% from 78.01K xcUSDT to 78.01K xcUSDT | -0% from 15.42% to 15.35% |
| USDC.wh | 0% from 7.84K USDC.wh to 7.84K USDC.wh | 0% from 94.37K USDC.wh to 94.37K USDC.wh | 0% from 8.31% to 8.31% |
| ETH.wh | 0% from 0.84 ETH.wh to 0.84 ETH.wh | 0% from 25.15 ETH.wh to 25.15 ETH.wh | 0% from 3.33% to 3.33% |
| BTC.wh | +33% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | +34% from 0.17% to 0.23% |
Liquidations
No liquidation events this week.