Weekly Update (5/1/26 - 5/7/26)
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 5/1/26 to 5/7/26. 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 |
|---|---|---|---|---|---|
| USDC | 184.00M | 200.00M | 6.96% | 7.73% | 82.88% |
| USDS | 690.00K | 750.00K | 1.20% | 1.41% | 78.65% |
| WETH | 64.00K | 96.00K | 5.31% | 4.89% | 74.11% |
| EURC | 21.00M | 21.90M | 2.61% | 3.95% | 63.38% |
| DAI | 300.00K | 400.00K | 3.74% | 5.63% | 49.86% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 62.74% | 44.89% |
| cbETH | 0.00 | 4.00K | 0.00% | 41.35% | 42.15% |
| cbXRP | 0.00 | 5.00M | 0.00% | 47.78% | 34.37% |
| cbBTC | 90.00 | 1.50K | 35.48% | 8.58% | 24.57% |
| AERO | 7.50M | 70.00M | 49.72% | 22.87% | 23.46% |
| wstETH | 500.00 | 14.40K | 30.57% | 5.79% | 18.34% |
| MAMO | 3.00M | 20.00M | 8.78% | 7.35% | 18.25% |
| WELL | 34.00M | 250.00M | 77.71% | 66.53% | 15.89% |
| USDbC | 1.00 | 1.00 | 91.42K% | 810.15K% | 11.28% |
| tBTC | 5.00 | 50.00 | 1.22% | 1.70% | 7.20% |
| LBTC | 10.00 | 95.00 | 39.24% | 58.06% | 7.11% |
| MORPHO | 100.00K | 6.00M | 214.24% | 94.22% | 3.79% |
| rETH | 200.00 | 2.60K | 7.17% | 29.21% | 1.89% |
| weETH | 0.00 | 5.40K | 0.00% | 1.64% | 0.40% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% |
| VVV | 0.00 | 170.00K | 0.00% | 43.58% | 0.00% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,731,336.96 | 672.93289051 | $2,060.78 | 0.7971 |
| VIRTUAL | $1,149,376.49 | 1255037.77980523 | $14,195.20 | 15616.2836 |
| cbXRP | $1,047,337.55 | 756672.412938 | $3,286.82 | 2374.8713 |
| WETH | $551,974.64 | 241.94768959 | $170,197.46 | 74.2416 |
| MORPHO | $248,725.41 | 119588.41567575 | $31,003.73 | 14735.6142 |
| wstETH | $230,914.12 | 82.07251062 | $100,737.53 | 35.6312 |
| USDC | $229,770.94 | 229793.643173 | $66,390.40 | 66390.4037 |
| AERO | $208,149.33 | 470787.4461829 | $134,237.51 | 298969.9585 |
| EURC | $196,203.56 | 167187.776984 | $29,807.09 | 25389.3459 |
| cbBTC | $24,878.35 | 0.31264772 | $142,065.93 | 1.7753 |
| DAI | $1,528.42 | 1528.54525979 | $1,947.08 | 1947.0842 |
| USDS | $1,052.00 | 1052.44520509 | $161.16 | 161.159 |
| tBTC | $962.16 | 0.01210727 | $7,005.21 | 0.0877 |
| WELL | $101.39 | 23568.68206246 | $11,390.52 | 2847630.9996 |
| weETH | $8.26 | 0.00331807 | $17,646.58 | 7.0507 |
| rETH | $2.50 | 0.0009426 | $11,155.78 | 4.1844 |
| LBTC | $1.26 | 0.00001577 | $17,006.47 | 0.2117 |
| wrsETH | $1.15 | 0.00047018 | $2,879.70 | 1.1744 |
| MAMO | $0.56 | 44.80945115 | $262.70 | 20207.964 |
| USDbC | $0.03 | 0.033581 | $3.13 | 3.1251 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | +4% from 12.46M USDC to 12.92M USDC | -2% from 15.51M USDC to 15.17M USDC | +6% from 80.32% to 85.17% |
| USDS | -3% from 8.35K USDS to 8.13K USDS | +2% from 10.44K USDS to 10.68K USDS | -5% from 79.97% to 76.11% |
| WETH | +6% from 3.36K WETH to 3.54K WETH | +45% from 4.04K WETH to 5.85K WETH | -27% from 83.18% to 60.59% |
| EURC | +3% from 544.05K EURC to 557.68K EURC | -5% from 876.62K EURC to 835.47K EURC | +8% from 62.06% to 66.75% |
| DAI | +0% from 11.26K DAI to 11.32K DAI | -0% from 22.53K DAI to 22.51K DAI | +1% from 50.00% to 50.28% |
| VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -6% from 2.86M VIRTUAL to 2.68M VIRTUAL | +7% from 44.34% to 47.25% |
| cbETH | +0% from 696.37 cbETH to 696.82 cbETH | +1% from 1.60K cbETH to 1.62K cbETH | -1% from 43.47% to 42.92% |
| cbXRP | +0% from 820.64K cbXRP to 821.36K cbXRP | +2% from 2.36M cbXRP to 2.40M cbXRP | -2% from 34.71% to 34.19% |
| cbBTC | +100% from 22.36 cbBTC to 44.79 cbBTC | +4% from 124.02 cbBTC to 129.14 cbBTC | +92% from 18.03% to 34.68% |
| AERO | +2% from 4.19M AERO to 4.29M AERO | -10% from 15.88M AERO to 14.33M AERO | +13% from 26.40% to 29.96% |
| wstETH | -0% from 142.46 wstETH to 142.30 wstETH | +2% from 828.48 wstETH to 848.41 wstETH | -2% from 17.20% to 16.77% |
| MAMO | +38% from 218.82K MAMO to 301.09K MAMO | -11% from 1.52M MAMO to 1.36M MAMO | +54% from 14.36% to 22.07% |
| WELL | +37% from 22.07M WELL to 30.33M WELL | -1% from 166.34M WELL to 165.27M WELL | +38% from 13.27% to 18.35% |
| USDbC | +0% from 914.19 USDbC to 914.25 USDbC | -0% from 8.10K USDbC to 8.10K USDbC | +0% from 11.28% to 11.29% |
| tBTC | +286% from 0.06 tBTC to 0.22 tBTC | 0% from 0.83 tBTC to 0.83 tBTC | +286% from 6.75% to 26.08% |
| LBTC | -39% from 4.03 LBTC to 2.45 LBTC | -0% from 55.17 LBTC to 55.11 LBTC | -39% from 7.30% to 4.45% |
| MORPHO | -5% from 215.67K MORPHO to 205.55K MORPHO | -0% from 5.65M MORPHO to 5.65M MORPHO | -5% from 3.82% to 3.64% |
| rETH | 0% from 14.33 rETH to 14.33 rETH | +0% from 759.42 rETH to 759.42 rETH | -0% from 1.89% to 1.89% |
| weETH | 0% from 0.32 weETH to 0.32 weETH | -0% from 68.36 weETH to 68.33 weETH | +0% from 0.47% to 0.47% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.18 wrsETH to 33.18 wrsETH | 0% from 0.04% to 0.04% |
| VVV | 0% from 0.10 VVV to 0.10 VVV | +4% from 71.60K VVV to 74.34K VVV | -4% from 0.00% to 0.00% |
Notable Trends
- WETH supply +45% (4.04K → 5.85K WETH)
- cbBTC borrows +100% (22.36 → 44.79 cbBTC)
- AERO supply -10% (15.88M → 14.33M AERO)
Liquidations
No liquidation events this week.
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% | 99.94% |
| DAI | 4.50M | 4.80M | 1.09% | 1.16% | 87.54% |
| USDT0 | 8.00M | 10.00M | 0.51% | 0.55% | 73.14% |
| WETH | 30.00K | 32.00K | 2.55% | 3.52% | 67.92% |
| USDC | 34.00M | 36.40M | 1.28% | 1.83% | 65.29% |
| USDT | 18.40M | 22.60M | 0.28% | 0.45% | 50.89% |
| OP | 650.00K | 5.60M | 61.50% | 14.48% | 49.42% |
| rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.66% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 12.61% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% |
| VELO | 6.00M | 80.00M | 32.39% | 44.10% | 5.51% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.15% | 3.60% |
| 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 | $6,137.00 | 2.31886709 | $725.11 | 0.272 |
| wstETH | $3,920.00 | 1.39741467 | $6,008.86 | 2.1263 |
| cbETH | $386.00 | 0.15055475 | $13.18 | 0.0051 |
| VELO | $25.00 | 1454.32762239 | $9,247.06 | 543944.9612 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 0.15 cbETH to 0.15 cbETH | 0% from 99.94% to 99.94% |
| DAI | +15% from 45.69K DAI to 52.70K DAI | +13% from 52.61K DAI to 59.62K DAI | +2% from 86.86% to 88.39% |
| USDT0 | +10% from 40.15K USDT0 to 44.08K USDT0 | -0% from 55.54K USDT0 to 55.35K USDT0 | +10% from 72.28% to 79.64% |
| WETH | +42% from 550.83 WETH to 780.38 WETH | +18% from 966.62 WETH to 1.14K WETH | +20% from 56.98% to 68.47% |
| USDC | +46% from 347.47K USDC to 506.44K USDC | +42% from 553.73K USDC to 783.87K USDC | +3% from 62.75% to 64.61% |
| USDT | +7% from 50.25K USDT to 53.80K USDT | -13% from 104.94K USDT to 91.78K USDT | +22% from 47.89% to 58.63% |
| OP | -2% from 400.13K OP to 390.24K OP | -11% from 885.09K OP to 783.36K OP | +10% from 45.21% to 49.82% |
| 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 | -13% from 10.61 weETH to 9.25 weETH | +15% from 12.15% to 13.95% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.01 WBTC to 0.01 WBTC | +0% from 9.49% to 9.49% |
| VELO | +3% from 1.96M VELO to 2.02M VELO | +1% from 35.19M VELO to 35.46M VELO | +3% from 5.57% to 5.71% |
| wstETH | +0% from 3.88 wstETH to 3.88 wstETH | -2% from 108.97 wstETH to 107.25 wstETH | +2% from 3.56% to 3.62% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.47 wrsETH to 12.46 wrsETH | +0% from 2.22% to 2.22% |
Notable Trends
- WETH borrows +42% (550.83 → 780.38 WETH)
- WETH supply +18% (966.62 → 1.14K WETH)
- USDC supply +42% (553.73K → 783.87K USDC)
- USDC borrows +46% (347.47K → 506.44K USDC)
Liquidations
No liquidation events this week.
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 13965.78M% | 85.43% |
| xcDOT | 0.10 | 3.29M% | 48.26% |
| FRAX | 0.10 | 134.16K% | 47.86% |
| xcUSDC | 0.10 | 8.50M% | 20.01% |
| xcUSDT | 0.10 | 11.98M% | 15.35% |
| USDC.wh | 0.10 | 7.84M% | 8.31% |
| ETH.wh | 0.10 | 836.70% | 3.33% |
| BTC.wh | 0.10 | 2.40% | 0.23% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $238,345.00 | 14145190.72633351 | $87,876.26 | 5196681.9731 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +4% from 13.70M GLMR to 14.25M GLMR | +4% from 16.14M GLMR to 16.80M GLMR | -0% from 84.90% to 84.83% |
| xcDOT | 0% from 3.29K xcDOT to 3.29K xcDOT | 0% from 1.07M xcDOT to 1.07M xcDOT | 0% from 48.26% 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 | 0% from 8.50K xcUSDC to 8.50K xcUSDC | 0% from 42.48K xcUSDC to 42.48K xcUSDC | 0% from 20.01% to 20.01% |
| xcUSDT | +0% from 11.98K xcUSDT to 11.98K xcUSDT | -0% from 78.01K xcUSDT to 78.01K xcUSDT | +0% from 15.35% to 15.36% |
| 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 | 0% from 0.00 BTC.wh to 0.00 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 0.23% to 0.23% |
Liquidations
No liquidation events this week.