Weekly Update (5/29/26 - 6/4/26)
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 5/29/26 to 6/4/26. 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 | 7.51% | 7.71% | 89.62% |
| USDS | 690.00K | 750.00K | 1.23% | 1.29% | 87.56% |
| EURC | 21.00M | 21.90M | 2.74% | 3.06% | 85.95% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 40.45% | 74.21% |
| WETH | 64.00K | 96.00K | 5.09% | 4.84% | 70.09% |
| cbETH | 0.00 | 4.00K | 0.00% | 30.85% | 56.80% |
| DAI | 300.00K | 400.00K | 3.23% | 5.62% | 43.11% |
| cbXRP | 0.00 | 5.00M | 0.00% | 50.40% | 32.11% |
| AERO | 7.50M | 70.00M | 70.34% | 28.00% | 27.02% |
| MAMO | 3.00M | 20.00M | 10.87% | 9.46% | 16.92% |
| wstETH | 500.00 | 14.40K | 28.73% | 6.43% | 15.52% |
| WELL | 34.00M | 250.00M | 74.44% | 69.23% | 14.62% |
| cbBTC | 90.00 | 1.50K | 22.98% | 9.76% | 14.15% |
| USDbC | 1.00 | 1.00 | 90.87K% | 808.14K% | 11.24% |
| tBTC | 5.00 | 50.00 | 1.57% | 1.74% | 9.01% |
| LBTC | 10.00 | 95.00 | 43.01% | 57.63% | 7.85% |
| MORPHO | 100.00K | 6.00M | 200.49% | 94.12% | 3.55% |
| rETH | 200.00 | 2.60K | 6.97% | 29.18% | 1.84% |
| 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% | 46.31% | 0.00% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,340,361.74 | 673.65740551 | $2,595.32 | 1.2994 |
| cbXRP | $879,407.61 | 757592.481597 | $7,552.68 | 6444.2672 |
| VIRTUAL | $795,572.92 | 1257561.02328104 | $11,245.76 | 17039.0246 |
| WETH | $425,850.00 | 242.09231584 | $132,122.73 | 74.8232 |
| USDC | $230,810.13 | 230890.911506 | $72,975.48 | 72975.4783 |
| MORPHO | $215,182.39 | 119664.54876707 | $27,003.31 | 14788.2287 |
| EURC | $196,225.96 | 168642.347563 | $30,148.49 | 25900.7661 |
| wstETH | $178,582.64 | 82.13801742 | $77,826.98 | 35.6656 |
| AERO | $167,232.52 | 473357.68563189 | $112,443.74 | 309762.3732 |
| cbBTC | $19,835.70 | 0.3129873 | $113,394.51 | 1.788 |
| DAI | $1,530.24 | 1530.75531013 | $1,961.11 | 1961.1121 |
| USDS | $1,060.44 | 1060.78102999 | $172.59 | 172.5946 |
| tBTC | $767.57 | 0.01211761 | $5,553.38 | 0.0878 |
| WELL | $87.11 | 23631.48667031 | $11,467.76 | 2866940.9663 |
| weETH | $6.40 | 0.00331824 | $13,644.85 | 7.0511 |
| rETH | $1.93 | 0.00094269 | $8,626.96 | 4.1946 |
| LBTC | $1.00 | 0.00001577 | $13,487.84 | 0.2118 |
| wrsETH | $0.89 | 0.00047018 | $2,224.98 | 1.1744 |
| MAMO | $0.39 | 45.13287514 | $252.21 | 28023.5773 |
| USDbC | $0.03 | 0.033592 | $3.42 | 3.421 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | +3% from 13.98M USDC to 14.46M USDC | -2% from 15.62M USDC to 15.38M USDC | +5% from 89.52% to 94.06% |
| USDS | +13% from 8.30K USDS to 9.37K USDS | -2% from 9.67K USDS to 9.46K USDS | +15% from 85.91% to 99.05% |
| EURC | -9% from 571.12K EURC to 518.87K EURC | -12% from 670.39K EURC to 587.65K EURC | +4% from 85.19% to 88.30% |
| VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +17% from 2.01M VIRTUAL to 2.35M VIRTUAL | -15% from 63.36% to 54.11% |
| WETH | -1% from 3.32K WETH to 3.28K WETH | +4% from 4.58K WETH to 4.76K WETH | -5% from 72.56% to 68.99% |
| cbETH | -0% from 697.20 cbETH to 696.87 cbETH | -15% from 1.36K cbETH to 1.16K cbETH | +17% from 51.29% to 60.02% |
| DAI | +15% from 9.46K DAI to 10.85K DAI | +0% from 22.47K DAI to 22.48K DAI | +15% from 42.10% to 48.28% |
| cbXRP | -1% from 810.40K cbXRP to 806.06K cbXRP | -2% from 2.53M cbXRP to 2.49M cbXRP | +1% from 31.99% to 32.40% |
| AERO | +2% from 5.01M AERO to 5.14M AERO | -1% from 18.63M AERO to 18.39M AERO | +4% from 26.89% to 27.92% |
| MAMO | +174% from 269.09K MAMO to 736.42K MAMO | +142% from 1.59M MAMO to 3.85M MAMO | +13% from 16.90% to 19.12% |
| wstETH | +18% from 141.43 wstETH to 166.52 wstETH | -0% from 921.85 wstETH to 917.35 wstETH | +18% from 15.34% to 18.15% |
| WELL | -4% from 26.23M WELL to 25.06M WELL | +1% from 172.75M WELL to 174.19M WELL | -5% from 15.18% to 14.39% |
| cbBTC | -8% from 22.15 cbBTC to 20.29 cbBTC | +28% from 144.22 cbBTC to 184.49 cbBTC | -28% from 15.36% to 11.00% |
| USDbC | -0% from 912.44 USDbC to 908.28 USDbC | -0% from 8.08K USDbC to 8.08K USDbC | -0% from 11.29% to 11.24% |
| tBTC | +9% from 0.08 tBTC to 0.08 tBTC | +6% from 0.86 tBTC to 0.91 tBTC | +3% from 9.03% to 9.27% |
| LBTC | +3% from 4.16 LBTC to 4.28 LBTC | +1% from 54.57 LBTC to 55.03 LBTC | +2% from 7.63% to 7.78% |
| MORPHO | -0% from 200.51K MORPHO to 200.39K MORPHO | -0% from 5.65M MORPHO to 5.64M MORPHO | -0% from 3.55% to 3.55% |
| rETH | -12% from 14.31 rETH to 12.60 rETH | -1% from 759.16 rETH to 747.79 rETH | -11% from 1.89% to 1.68% |
| weETH | 0% from 0.30 weETH to 0.30 weETH | +0% from 68.31 weETH to 68.34 weETH | -0% from 0.44% to 0.44% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 33.15 wrsETH to 33.15 wrsETH | 0% from 0.04% to 0.04% |
| VVV | +0% from 0.10 VVV to 0.10 VVV | +15% from 77.09K VVV to 88.29K VVV | -13% from 0.00% to 0.00% |
Notable Trends
- cbBTC supply +28% (144.22 → 184.49 cbBTC)
- cbETH supply -15% (1.36K → 1.16K cbETH)
- VIRTUAL supply +17% (2.01M → 2.35M VIRTUAL)
Liquidations
- Total liquidations: 77
- Total Collateral Seized (USD): $107,329.27
- Total Debt Repaid (USD): $97,572.06
- Total Liquidation Bonus (USD): $9,757.21
- Total Liquidator Bonus (USD): $6,830.04
- Total Protocol Bonus (USD): $2,927.16
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbXRP | 77,126.375200 | $96,224.66 | $87,476.96 | $8,747.70 | $6,123.39 | $2,624.31 | 7 |
| cbBTC | 0.067211 | $4,704.62 | $4,276.93 | $427.69 | $299.39 | $128.31 | 2 |
| WETH | 1.411635 | $2,634.54 | $2,395.03 | $239.50 | $167.65 | $71.85 | 26 |
| AERO | 3,704.082977 | $1,396.28 | $1,269.35 | $126.93 | $88.85 | $38.08 | 24 |
| wstETH | 0.535839 | $1,233.49 | $1,121.35 | $112.14 | $78.49 | $33.64 | 1 |
| USDC | 385.846742 | $385.69 | $350.63 | $35.06 | $24.54 | $10.52 | 8 |
| rETH | 0.151841 | $324.52 | $295.02 | $29.50 | $20.65 | $8.85 | 1 |
| USDS | 157.893000 | $157.82 | $143.47 | $14.35 | $10.04 | $4.30 | 1 |
| cbETH | 0.057624 | $125.98 | $114.53 | $11.45 | $8.02 | $3.44 | 1 |
| VVV | 5.978840 | $105.63 | $96.03 | $9.60 | $6.72 | $2.88 | 1 |
| WELL | 7,635.885000 | $28.58 | $25.98 | $2.60 | $1.82 | $0.78 | 4 |
| weETH | 0.003652 | $7.45 | $6.78 | $0.68 | $0.47 | $0.20 | 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 | 1.17% | 1.29% | 84.31% |
| USDT0 | 8.00M | 10.00M | 0.55% | 0.53% | 83.96% |
| USDC | 34.00M | 36.40M | 1.58% | 2.01% | 73.30% |
| USDT | 18.40M | 22.60M | 0.15% | 0.18% | 68.88% |
| WETH | 30.00K | 32.00K | 2.58% | 3.61% | 66.90% |
| OP | 650.00K | 5.60M | 45.43% | 13.31% | 39.62% |
| weETH | 0.00 | 0.00 | 0.00% | 0.00% | 14.07% |
| rETH | 0.00 | 750.00 | 0.00% | 2.27% | 13.65% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 9.49% |
| VELO | 6.00M | 80.00M | 49.77% | 55.53% | 7.49% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.36% | 2.98% |
| 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 | $4,774.00 | 2.32036149 | $592.46 | 0.2721 |
| wstETH | $3,051.00 | 1.39763183 | $4,912.60 | 2.1264 |
| cbETH | $332.00 | 0.16600263 | $13.96 | 0.0066 |
| VELO | $20.00 | 1457.31117991 | $8,361.42 | 557428.2194 |
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 | -52% from 60.23K DAI to 29.04K DAI | -44% from 68.28K DAI to 37.91K DAI | -13% from 88.21% to 76.61% |
| USDT0 | +1% from 44.20K USDT0 to 44.56K USDT0 | -0% from 52.54K USDT0 to 52.47K USDT0 | +1% from 84.12% to 84.94% |
| USDC | +26% from 520.28K USDC to 654.86K USDC | +8% from 731.67K USDC to 791.96K USDC | +16% from 71.11% to 82.69% |
| USDT | +0% from 27.53K USDT to 27.54K USDT | -2% from 40.28K USDT to 39.53K USDT | +2% from 68.35% to 69.65% |
| WETH | +8% from 721.57 WETH to 777.56 WETH | +5% from 1.10K WETH to 1.16K WETH | +2% from 65.35% to 66.80% |
| OP | -14% from 342.31K OP to 293.53K OP | -2% from 747.51K OP to 732.20K OP | -12% from 45.79% to 40.09% |
| weETH | +0% from 1.29 weETH to 1.29 weETH | -0% from 9.17 weETH to 9.17 weETH | +0% from 14.07% to 14.09% |
| rETH | +0% from 2.32 rETH to 2.32 rETH | -1% from 17.04 rETH to 16.86 rETH | +1% from 13.63% to 13.78% |
| 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 | -2% from 3.04M VELO to 2.98M VELO | +112% from 35.79M VELO to 75.98M VELO | -54% from 8.49% to 3.92% |
| wstETH | -0% from 3.52 wstETH to 3.52 wstETH | +0% from 117.67 wstETH to 118.13 wstETH | -0% from 2.99% to 2.98% |
| 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
- VELO supply +112% (35.79M → 75.98M VELO)
- USDC borrows +26% (520.28K → 654.86K USDC)
- DAI borrows -52% (60.23K → 29.04K DAI**)
Liquidations
- Total liquidations: 11
- Total Collateral Seized (USD): $397.31
- Total Debt Repaid (USD): $361.19
- Total Liquidation Bonus (USD): $36.12
- Total Liquidator Bonus (USD): $25.28
- Total Protocol Bonus (USD): $10.84
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| rETH | 0.177718 | $361.56 | $328.69 | $32.87 | $23.01 | $9.86 | 2 |
| OP | 181.278000 | $18.98 | $17.25 | $1.73 | $1.21 | $0.52 | 1 |
| WETH | 0.004731 | $8.18 | $7.44 | $0.74 | $0.52 | $0.22 | 6 |
| weETH | 0.002758 | $5.28 | $4.80 | $0.48 | $0.34 | $0.14 | 1 |
| VELO | 226.898000 | $3.31 | $3.01 | $0.30 | $0.21 | $0.09 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 14514.71M% | 100.00% |
| xcUSDC | 0.10 | 7.72M% | 18.18% |
| xcUSDT | 0.10 | 11.91M% | 15.27% |
| USDC.wh | 0.10 | 7.68M% | 8.15% |
| ETH.wh | 0.10 | 822.60% | 3.27% |
| BTC.wh | 0.10 | 10.62% | 1.03% |
| FRAX | 0.10 | 122.59K% | 0.33% |
| xcDOT | 0.10 | 3.30M% | 0.31% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $140,199.00 | 14400478.81712186 | $53,165.74 | 5316573.9968 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 14.51M GLMR to 14.52M GLMR | +0% from 14.51M GLMR to 14.52M GLMR | 0% from 100.00% to 100.00% |
| xcUSDC | -16% from 7.97K xcUSDC to 6.66K xcUSDC | -0% from 42.51K xcUSDC to 42.33K xcUSDC | -16% from 18.75% to 15.73% |
| xcUSDT | -4% from 11.98K xcUSDT to 11.45K xcUSDT | -0% from 78.03K xcUSDT to 77.98K xcUSDT | -4% from 15.36% to 14.68% |
| USDC.wh | -10% from 7.87K USDC.wh to 7.08K USDC.wh | +0% from 94.19K USDC.wh to 94.20K USDC.wh | -10% from 8.35% to 7.51% |
| ETH.wh | +0% from 0.82 ETH.wh to 0.82 ETH.wh | -0% from 25.16 ETH.wh to 25.06 ETH.wh | +1% from 3.27% to 3.29% |
| BTC.wh | +10% from 0.01 BTC.wh to 0.01 BTC.wh | -1% from 1.03 BTC.wh to 1.02 BTC.wh | +11% from 1.00% to 1.10% |
| FRAX | -32% from 134.16 FRAX to 91.84 FRAX | -0% from 37.59K FRAX to 37.57K FRAX | -32% from 0.36% to 0.24% |
| xcDOT | +0% from 3.30K 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.