Weekly Update (5/22/26 - 5/28/26)
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 5/22/26 to 5/28/26. 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 | 7.42% | 7.65% | 89.18% |
| USDS | 690.00K | 750.00K | 1.20% | 1.30% | 84.98% |
| EURC | 21.00M | 21.90M | 2.70% | 3.07% | 84.08% |
| WETH | 64.00K | 96.00K | 5.21% | 4.82% | 72.14% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 50.89% | 56.37% |
| cbETH | 0.00 | 4.00K | 0.00% | 35.31% | 49.43% |
| DAI | 300.00K | 400.00K | 3.19% | 5.62% | 42.57% |
| cbXRP | 0.00 | 5.00M | 0.00% | 49.82% | 32.54% |
| AERO | 7.50M | 70.00M | 69.65% | 25.35% | 29.52% |
| MAMO | 3.00M | 20.00M | 9.26% | 7.01% | 19.88% |
| cbBTC | 90.00 | 1.50K | 25.84% | 9.29% | 16.71% |
| wstETH | 500.00 | 14.40K | 28.91% | 6.42% | 15.64% |
| WELL | 34.00M | 250.00M | 75.16% | 68.02% | 15.03% |
| USDbC | 1.00 | 1.00 | 91.24K% | 808.15K% | 11.29% |
| tBTC | 5.00 | 50.00 | 1.54% | 1.80% | 8.57% |
| LBTC | 10.00 | 95.00 | 37.22% | 56.74% | 6.89% |
| MORPHO | 100.00K | 6.00M | 203.28% | 94.11% | 3.60% |
| rETH | 200.00 | 2.60K | 7.16% | 29.20% | 1.89% |
| weETH | 0.00 | 5.40K | 0.00% | 1.27% | 0.44% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% |
| VVV | 0.00 | 170.00K | 0.00% | 45.29% | 0.00% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,522,432.76 | 673.53035929 | $2,661.86 | 1.1466 |
| cbXRP | $989,699.59 | 757450.208549 | $4,238.86 | 3213.6917 |
| VIRTUAL | $906,006.60 | 1257328.10449286 | $12,988.31 | 16759.1046 |
| WETH | $483,709.48 | 242.04991397 | $152,787.93 | 74.4368 |
| MORPHO | $243,922.07 | 119645.886652 | $32,256.05 | 14776.0185 |
| USDC | $230,389.64 | 230493.710361 | $70,326.71 | 70326.7121 |
| wstETH | $202,743.85 | 82.12265816 | $90,375.74 | 35.6445 |
| EURC | $195,886.11 | 168316.501127 | $30,019.54 | 25789.9796 |
| AERO | $193,991.25 | 472794.02594318 | $131,272.87 | 306712.3182 |
| cbBTC | $22,916.92 | 0.31293666 | $133,161.05 | 1.7799 |
| DAI | $1,529.81 | 1530.2230021 | $1,957.14 | 1957.1384 |
| USDS | $1,057.40 | 1057.90259496 | $165.17 | 165.1701 |
| tBTC | $891.14 | 0.01211621 | $6,587.64 | 0.0878 |
| WELL | $94.56 | 23616.47880722 | $11,447.48 | 2861871.1286 |
| weETH | $7.26 | 0.00331819 | $15,849.89 | 7.0507 |
| rETH | $2.20 | 0.00094267 | $10,011.33 | 4.1894 |
| LBTC | $1.16 | 0.00001577 | $15,902.86 | 0.2117 |
| wrsETH | $1.01 | 0.00047018 | $2,585.05 | 1.1744 |
| MAMO | $0.46 | 45.06735455 | $306.36 | 27851.2615 |
| USDbC | $0.03 | 0.033589 | $3.35 | 3.3457 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | +4% from 13.47M USDC to 14.00M USDC | +1% from 15.39M USDC to 15.61M USDC | +3% from 87.51% to 89.73% |
| USDS | -0% from 8.31K USDS to 8.30K USDS | +3% from 9.42K USDS to 9.67K USDS | -3% from 88.27% to 85.91% |
| EURC | +1% from 564.82K EURC to 572.99K EURC | +2% from 656.23K EURC to 670.38K EURC | -1% from 86.07% to 85.47% |
| WETH | -2% from 3.39K WETH to 3.32K WETH | +1% from 4.53K WETH to 4.56K WETH | -3% from 74.86% to 72.80% |
| VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -26% from 2.73M VIRTUAL to 2.01M VIRTUAL | +36% from 46.60% to 63.34% |
| cbETH | -0% from 697.24 cbETH to 697.23 cbETH | -9% from 1.50K cbETH to 1.36K cbETH | +10% from 46.44% to 51.29% |
| DAI | -4% from 9.80K DAI to 9.38K DAI | -0% from 22.49K DAI to 22.47K DAI | -4% from 43.57% to 41.76% |
| cbXRP | -0% from 810.48K cbXRP to 810.40K cbXRP | +4% from 2.45M cbXRP to 2.53M cbXRP | -3% from 33.12% to 31.99% |
| AERO | -3% from 5.17M AERO to 5.01M AERO | +10% from 16.99M AERO to 18.63M AERO | -12% from 30.46% to 26.90% |
| MAMO | -31% from 390.57K MAMO to 269.09K MAMO | +0% from 1.59M MAMO to 1.59M MAMO | -31% from 24.56% to 16.90% |
| cbBTC | -2% from 22.23 cbBTC to 21.86 cbBTC | +9% from 132.76 cbBTC to 144.11 cbBTC | -9% from 16.74% to 15.17% |
| wstETH | +0% from 141.41 wstETH to 141.43 wstETH | +2% from 900.64 wstETH to 921.88 wstETH | -2% from 15.70% to 15.34% |
| WELL | -7% from 28.35M WELL to 26.23M WELL | +2% from 169.46M WELL to 172.75M WELL | -9% from 16.73% to 15.18% |
| USDbC | +0% from 912.37 USDbC to 912.44 USDbC | +0% from 8.08K USDbC to 8.08K USDbC | +0% from 11.29% to 11.29% |
| tBTC | +1% from 0.08 tBTC to 0.08 tBTC | -16% from 1.02 tBTC to 0.86 tBTC | +21% from 7.48% to 9.03% |
| LBTC | -2% from 4.23 LBTC to 4.16 LBTC | -1% from 55.15 LBTC to 54.57 LBTC | -1% from 7.68% to 7.63% |
| MORPHO | -2% from 205.61K MORPHO to 200.51K MORPHO | -1% from 5.68M MORPHO to 5.65M MORPHO | -2% from 3.62% to 3.55% |
| rETH | -0% from 14.32 rETH to 14.31 rETH | -0% from 759.57 rETH to 759.16 rETH | +0% from 1.88% to 1.89% |
| weETH | 0% from 0.30 weETH to 0.30 weETH | -3% from 70.07 weETH to 68.31 weETH | +3% from 0.43% to 0.44% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | -0% from 33.16 wrsETH to 33.15 wrsETH | +0% from 0.04% to 0.04% |
| VVV | +3% from 0.10 VVV to 0.10 VVV | +0% from 76.89K VVV to 77.09K VVV | +3% from 0.00% to 0.00% |
Notable Trends
- cbBTC supply +9% (132.76 → 144.11 cbBTC)
- AERO supply +10% (16.99M → 18.63M AERO)
- VIRTUAL supply -26% (2.73M → 2.01M VIRTUAL)
- cbETH supply -9% (1.50K → 1.36K cbETH)
Liquidations
- Total liquidations: 50
- Total Collateral Seized (USD): $21,842.22
- Total Debt Repaid (USD): $19,856.56
- Total Liquidation Bonus (USD): $1,985.66
- Total Liquidator Bonus (USD): $1,389.96
- Total Protocol Bonus (USD): $595.70
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbXRP | 9,751.704900 | $12,745.88 | $11,587.16 | $1,158.72 | $811.10 | $347.61 | 2 |
| AERO | 9,608.516900 | $3,894.29 | $3,540.27 | $354.03 | $247.82 | $106.21 | 5 |
| cbBTC | 0.035750 | $2,711.99 | $2,465.44 | $246.54 | $172.58 | $73.96 | 3 |
| WETH | 0.682057 | $1,362.10 | $1,238.28 | $123.83 | $86.68 | $37.15 | 25 |
| USDC | 742.633530 | $742.38 | $674.89 | $67.49 | $47.24 | $20.25 | 10 |
| rETH | 0.154615 | $378.22 | $343.84 | $34.38 | $24.07 | $10.32 | 1 |
| VVV | 0.325755 | $5.76 | $5.24 | $0.52 | $0.37 | $0.16 | 3 |
| cbETH | 0.000714 | $1.59 | $1.45 | $0.14 | $0.10 | $0.04 | 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% | 99.91% |
| DAI | 4.50M | 4.80M | 1.31% | 1.43% | 85.88% |
| USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 83.67% |
| USDC | 34.00M | 36.40M | 1.52% | 1.98% | 71.87% |
| USDT | 18.40M | 22.60M | 0.18% | 0.21% | 69.44% |
| WETH | 30.00K | 32.00K | 1.49% | 2.62% | 46.37% |
| OP | 650.00K | 5.60M | 52.41% | 13.55% | 44.88% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.07% |
| rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.63% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% |
| VELO | 6.00M | 80.00M | 45.29% | 43.75% | 7.76% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.30% | 3.07% |
| 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 | $5,399.00 | 2.31981511 | $629.34 | 0.2721 |
| wstETH | $3,451.00 | 1.39758305 | $5,217.86 | 2.1264 |
| cbETH | $375.00 | 0.16600263 | $14.83 | 0.0066 |
| VELO | $22.00 | 1456.54708426 | $8,171.62 | 544774.8114 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 0.17 cbETH to 0.17 cbETH | 0% from 99.91% to 99.91% |
| DAI | +2% from 58.85K DAI to 60.23K DAI | -1% from 68.80K DAI to 68.28K DAI | +3% from 85.55% to 88.21% |
| USDT0 | +1% from 43.74K USDT0 to 44.20K USDT0 | +0% from 52.43K USDT0 to 52.54K USDT0 | +1% from 83.43% to 84.12% |
| USDC | +1% from 516.60K USDC to 520.28K USDC | +2% from 714.43K USDC to 731.67K USDC | -2% from 72.31% to 71.11% |
| USDT | -65% from 79.00K USDT to 27.53K USDT | -61% from 104.46K USDT to 40.28K USDT | -10% from 75.63% to 68.35% |
| WETH | -6% from 766.77 WETH to 721.57 WETH | -4% from 1.15K WETH to 1.10K WETH | -2% from 66.86% to 65.34% |
| OP | +0% from 341.17K OP to 342.31K OP | -2% from 764.50K OP to 747.51K OP | +3% from 44.63% to 45.79% |
| weETH | 0% from 1.29 weETH to 1.29 weETH | 0% from 9.17 weETH to 9.17 weETH | 0% from 14.07% to 14.07% |
| rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 17.04 rETH to 17.04 rETH | +0% from 13.63% to 13.63% |
| 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 | +45% from 2.10M VELO to 3.04M VELO | +3% from 34.68M VELO to 35.79M VELO | +40% from 6.05% to 8.49% |
| wstETH | +0% from 3.52 wstETH to 3.52 wstETH | +9% from 108.27 wstETH to 117.67 wstETH | -8% from 3.25% to 2.99% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 12.46 wrsETH to 12.46 wrsETH | 0% from 2.22% to 2.22% |
Notable Trends
- USDT supply -61% (104.46K → 40.28K USDT)
- USDT borrows -65% (79.00K → 27.53K USDT)
Liquidations
- Total liquidations: 1
- Total Collateral Seized (USD): $6,429.76
- Total Debt Repaid (USD): $5,845.24
- Total Liquidation Bonus (USD): $584.52
- Total Liquidator Bonus (USD): $409.17
- Total Protocol Bonus (USD): $175.36
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VELO | 410,218.000000 | $6,429.76 | $5,845.24 | $584.52 | $409.17 | $175.36 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 14512.33M% | 100.00% |
| xcUSDC | 0.10 | 7.97M% | 18.76% |
| xcUSDT | 0.10 | 11.98M% | 15.36% |
| USDC.wh | 0.10 | 7.87M% | 8.35% |
| ETH.wh | 0.10 | 822.20% | 3.27% |
| BTC.wh | 0.10 | 10.30% | 1.00% |
| FRAX | 0.10 | 134.16K% | 0.36% |
| xcDOT | 0.10 | 3.29M% | 0.31% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $175,126.00 | 14397120.50165454 | $63,755.89 | 5312990.5401 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 14.51M GLMR to 14.51M GLMR | +0% from 14.51M GLMR to 14.51M GLMR | 0% from 100.00% to 100.00% |
| xcUSDC | -0% from 7.98K xcUSDC to 7.97K xcUSDC | +0% from 42.50K xcUSDC to 42.51K xcUSDC | -0% from 18.76% to 18.75% |
| xcUSDT | +0% from 11.98K xcUSDT to 11.98K xcUSDT | +0% from 78.01K xcUSDT to 78.03K xcUSDT | -0% from 15.36% to 15.36% |
| USDC.wh | 0% from 7.87K USDC.wh to 7.87K USDC.wh | 0% from 94.19K USDC.wh to 94.19K USDC.wh | 0% from 8.35% to 8.35% |
| ETH.wh | 0% from 0.82 ETH.wh to 0.82 ETH.wh | 0% from 25.16 ETH.wh to 25.16 ETH.wh | 0% from 3.27% to 3.27% |
| BTC.wh | 0% from 0.01 BTC.wh to 0.01 BTC.wh | 0% from 1.03 BTC.wh to 1.03 BTC.wh | 0% from 1.00% to 1.00% |
| FRAX | 0% from 134.16 FRAX to 134.16 FRAX | 0% from 37.59K FRAX to 37.59K FRAX | 0% from 0.36% to 0.36% |
| xcDOT | +0% from 3.29K xcDOT to 3.30K xcDOT | -0% from 1.07M xcDOT to 1.07M xcDOT | +0% from 0.31% to 0.31% |
Liquidations
No liquidation events this week.