[Anthias Labs] Weekly Market Updates

Weekly Update (6/5/26 - 6/11/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, Ethereum, and Moonbeam. Data from 6/5/26 to 6/11/26. 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
cbETH 0.00 4.00K 0.00% 19.13% 91.40%
USDC 184.00M 200.00M 7.46% 7.68% 89.29%
USDS 690.00K 750.00K 1.36% 1.41% 89.14%
VIRTUAL 0.00 4.50M 0.00% 33.80% 88.31%
EURC 21.00M 21.90M 2.45% 2.77% 84.94%
WETH 64.00K 96.00K 5.60% 5.24% 71.25%
DAI 300.00K 400.00K 4.22% 5.63% 56.18%
cbXRP 0.00 5.00M 0.00% 49.17% 32.67%
AERO 7.50M 70.00M 69.19% 32.92% 22.65%
MAMO 3.00M 20.00M 19.64% 17.96% 16.38%
wstETH 500.00 14.40K 28.41% 6.12% 16.11%
WELL 34.00M 250.00M 82.12% 70.53% 15.83%
USDbC 1.00 1.00 90.01K% 807.91K% 11.14%
cbBTC 90.00 1.50K 21.49% 12.61% 10.23%
tBTC 5.00 50.00 1.89% 1.94% 9.74%
LBTC 10.00 95.00 41.13% 56.89% 7.61%
MORPHO 100.00K 6.00M 200.22% 94.18% 3.54%
rETH 200.00 2.60K 5.13% 28.29% 1.39%
weETH 0.00 5.40K 0.00% 1.28% 0.37%
wrsETH 0.00 0.00 0.00% 0.00% 0.04%
VVV 0.00 170.00K 0.00% 41.82% 0.00%

Bad Debt & Reserves

Market Bad Debt (USD) Bad Debt (tokens) Reserves (USD) Reserves (tokens)
cbETH $1,278,511.61 673.78597626 $2,705.36 1.4312
cbXRP $864,870.42 757734.353326 $10,127.23 9009.9888
VIRTUAL $741,208.36 1257804.46103417 $10,105.90 17575.4866
WETH $405,771.16 242.12161762 $133,363.44 79.8803
USDC $231,112.40 231175.805537 $74,969.74 74969.7403
MORPHO $230,744.69 119682.39308683 $29,839.94 14816.258
EURC $195,254.14 168915.776587 $29,968.75 25991.981
wstETH $170,253.27 82.15372156 $74,930.11 36.298
AERO $165,524.89 473832.27466287 $108,036.81 312245.1151
cbBTC $19,878.36 0.31302569 $115,457.93 1.83
DAI $1,533.51 1533.82381679 $1,985.34 1985.338
USDS $1,063.09 1063.45510516 $177.45 177.4499
tBTC $767.06 0.01212033 $5,528.79 0.0878
WELL $87.03 23647.25008419 $11,526.26 2881563.7782
weETH $6.10 0.00331828 $12,900.78 7.0516
rETH $1.84 0.00094271 $8,957.86 4.6048
LBTC $1.01 0.00001577 $14,566.11 0.2299
wrsETH $0.84 0.00047018 $2,104.90 1.1745
MAMO $0.37 45.19785555 $232.85 29106.5416
USDbC $0.03 0.033595 $3.52 3.516

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
cbETH -1% from 696.87 cbETH to 687.63 cbETH -41% from 1.16K cbETH to 687.72 cbETH +67% from 60.04% to 99.99%
USDC -7% from 14.45M USDC to 13.50M USDC -2% from 15.44M USDC to 15.19M USDC -5% from 93.62% to 88.88%
USDS +1% from 9.37K USDS to 9.44K USDS +4% from 10.21K USDS to 10.61K USDS -3% from 91.78% to 88.97%
VIRTUAL +0% from 1.27M VIRTUAL to 1.27M VIRTUAL -46% from 2.35M VIRTUAL to 1.28M VIRTUAL +84% from 54.11% to 99.52%
EURC -1% from 518.92K EURC to 513.21K EURC +9% from 587.72K EURC to 639.78K EURC -9% from 88.29% to 80.22%
WETH +9% from 3.28K WETH to 3.57K WETH +5% from 4.76K WETH to 4.99K WETH +4% from 68.91% to 71.42%
DAI +23% from 10.85K DAI to 13.31K DAI +1% from 22.48K DAI to 22.63K DAI +22% from 48.28% to 58.84%
cbXRP -0% from 806.06K cbXRP to 802.63K cbXRP -2% from 2.49M cbXRP to 2.45M cbXRP +1% from 32.40% to 32.77%
AERO +2% from 5.14M AERO to 5.22M AERO +29% from 18.40M AERO to 23.72M AERO -21% from 27.92% to 22.01%
MAMO -44% from 736.42K MAMO to 413.24K MAMO -8% from 3.85M MAMO to 3.56M MAMO -39% from 19.12% to 11.62%
wstETH -15% from 166.52 wstETH to 141.42 wstETH -4% from 917.35 wstETH to 877.03 wstETH -11% from 18.15% to 16.12%
WELL +20% from 25.06M WELL to 30.07M WELL +2% from 174.19M WELL to 176.93M WELL +18% from 14.39% to 17.00%
USDbC -1% from 908.28 USDbC to 899.70 USDbC -0% from 8.08K USDbC to 8.08K USDbC -1% from 11.24% to 11.14%
cbBTC +10% from 20.28 cbBTC to 22.27 cbBTC +3% from 184.36 cbBTC to 189.73 cbBTC +7% from 11.00% to 11.73%
tBTC +3% from 0.08 tBTC to 0.09 tBTC +7% from 0.91 tBTC to 0.98 tBTC -3% from 9.27% to 8.95%
LBTC -11% from 4.28 LBTC to 3.81 LBTC -2% from 55.03 LBTC to 53.81 LBTC -9% from 7.78% to 7.08%
MORPHO -1% from 200.39K MORPHO to 198.19K MORPHO +0% from 5.64M MORPHO to 5.65M MORPHO -1% from 3.55% to 3.51%
rETH -22% from 12.60 rETH to 9.85 rETH -2% from 747.79 rETH to 733.90 rETH -20% from 1.68% to 1.34%
weETH -20% from 0.30 weETH to 0.24 weETH +7% from 68.34 weETH to 73.39 weETH -26% from 0.44% to 0.32%
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 -40% from 88.29K VVV to 52.91K VVV +67% from 0.00% to 0.00%

Notable Trends

  • AERO supply +29% (18.40M → 23.72M AERO)
  • USDC borrows -7% (14.45M → 13.50M USDC)
  • cbETH supply -41% (1.16K → 687.72 cbETH)
  • VIRTUAL supply -46% (2.35M → 1.28M VIRTUAL)
  • VVV supply -40% (88.29K → 52.91K VV*)
  • WETH borrows +9% (3.28K → 3.57K WETH)

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% 99.91%
USDT0 8.00M 10.00M 0.55% 0.52% 84.26%
USDC 34.00M 36.40M 1.73% 2.09% 77.10%
DAI 4.50M 4.80M 0.63% 0.78% 75.46%
WETH 30.00K 32.00K 2.59% 3.62% 67.14%
USDT 18.40M 22.60M 0.13% 0.16% 65.63%
OP 650.00K 5.60M 38.67% 13.18% 34.06%
weETH 0.00 0.00 0.00% 0.00% 14.13%
rETH 0.00 750.00 0.00% 2.24% 13.85%
WBTC 0.00 0.00 0.00% 0.00% 9.49%
wstETH 0.00 5.00K 0.00% 2.32% 3.05%
VELO 6.00M 80.00M 34.39% 92.76% 2.78%
wrsETH 0.00 0.00 0.00% 0.00% 2.23%

Bad Debt & Reserves

Market Bad Debt (USD) Bad Debt (tokens) Reserves (USD) Reserves (tokens)
rETH $4,519.00 2.32047712 $546.29 0.2805
wstETH $2,889.00 1.3976799 $4,396.35 2.127
cbETH $314.00 0.16600263 $12.49 0.0066
VELO $20.00 1457.95428125 $8,259.48 589962.9086

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%
USDT0 -2% from 44.56K USDT0 to 43.83K USDT0 -1% from 52.47K USDT0 to 51.91K USDT0 -1% from 84.94% to 84.43%
USDC -26% from 654.87K USDC to 486.05K USDC -18% from 793.03K USDC to 653.62K USDC -10% from 82.58% to 74.36%
DAI -16% from 29.04K DAI to 24.38K DAI +5% from 36.91K DAI to 38.83K DAI -20% from 78.68% to 62.78%
WETH +0% from 778.06 WETH to 779.40 WETH -1% from 1.16K WETH to 1.15K WETH +2% from 66.84% to 67.95%
USDT -15% from 27.54K USDT to 23.43K USDT -8% from 39.53K USDT to 36.38K USDT -8% from 69.65% to 64.41%
OP -54% from 293.53K OP to 135.73K OP +1% from 732.20K OP to 738.40K OP -54% from 40.09% to 18.38%
weETH +0% from 1.29 weETH to 1.29 weETH -0% from 9.17 weETH to 9.15 weETH +0% from 14.09% to 14.13%
rETH +0% from 2.32 rETH to 2.32 rETH -1% from 16.86 rETH to 16.77 rETH +1% from 13.78% to 13.86%
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%
wstETH +0% from 3.52 wstETH to 3.52 wstETH -10% from 118.18 wstETH to 106.68 wstETH +11% from 2.98% to 3.30%
VELO -36% from 2.98M VELO to 1.91M VELO -3% from 75.98M VELO to 73.99M VELO -34% from 3.92% to 2.59%
wrsETH +0% from 0.28 wrsETH to 0.28 wrsETH -1% from 12.46 wrsETH to 12.40 wrsETH +1% from 2.22% to 2.23%

Notable Trends

  • USDC borrows -26% (654.87K → 486.05K USDC)
  • USDC supply -18% (793.03K → 653.62K USDC)
  • wstETH supply -10% (118.18 → 106.68 wstETH)
  • OP borrows -54% (293.53K → 135.73K OP)

Liquidations

  • Total liquidations: 51
  • Total Collateral Seized (USD): $23,191.55
  • Total Debt Repaid (USD): $21,083.23
  • Total Liquidation Bonus (USD): $2,108.32
  • Total Liquidator Bonus (USD): $1,475.83
  • Total Protocol Bonus (USD): $632.50
Asset Total Seized (Tokens) Total Seized (USD) Debt Repaid (USD) Liquidation Bonus (USD) Liquidator Bonus (USD) Protocol Bonus (USD) Liquidation Count
VELO 1,074,244.998060 $13,618.34 $12,380.31 $1,238.03 $866.62 $371.41 11
WETH 5.448232 $9,039.64 $8,217.85 $821.79 $575.25 $246.54 10
OP 2,092.035920 $195.56 $177.78 $17.78 $12.44 $5.33 19
rETH 0.098709 $181.26 $164.78 $16.48 $11.53 $4.94 3
weETH 0.028688 $50.99 $46.35 $4.64 $3.24 $1.39 5
USDC 42.252600 $42.24 $38.40 $3.84 $2.69 $1.15 1
wstETH 0.021135 $41.47 $37.70 $3.77 $2.64 $1.13 1
USDT0 22.078100 $22.06 $20.06 $2.01 $1.40 $0.60 1

Moonbeam

Asset Current Borrow Cap Average Borrow Cap Usage (Past Week) Average Utilization
GLMR 0.10 14518.13M% 100.00%
xcUSDT 0.10 11.06M% 14.18%
xcUSDC 0.10 5.49M% 12.98%
USDC.wh 0.10 6.66M% 7.09%
ETH.wh 0.10 823.88% 3.31%
BTC.wh 0.10 11.82% 1.16%
xcDOT 0.10 3.30M% 0.31%
FRAX 0.10 70.46K% 0.19%

Bad Debt & Reserves

Market Bad Debt (USD) Bad Debt (tokens) Reserves (USD) Reserves (tokens)
GLMR $134,192.00 14402952.44050636 $47,872.39 5319153.9155

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
GLMR +0% from 14.52M GLMR to 14.52M GLMR +0% from 14.52M GLMR to 14.52M GLMR 0% from 100.00% to 100.00%
xcUSDT -4% from 11.45K xcUSDT to 11.00K xcUSDT -0% from 77.98K xcUSDT to 77.98K xcUSDT -4% from 14.68% to 14.11%
xcUSDC -19% from 6.66K xcUSDC to 5.42K xcUSDC -0% from 42.33K xcUSDC to 42.26K xcUSDC -18% from 15.73% to 12.82%
USDC.wh -9% from 7.08K USDC.wh to 6.45K USDC.wh -0% from 94.20K USDC.wh to 93.96K USDC.wh -9% from 7.51% to 6.87%
ETH.wh +0% from 0.82 ETH.wh to 0.82 ETH.wh -1% from 25.06 ETH.wh to 24.87 ETH.wh +1% from 3.29% to 3.31%
BTC.wh +6% from 0.01 BTC.wh to 0.01 BTC.wh -0% from 1.02 BTC.wh to 1.02 BTC.wh +7% from 1.10% to 1.18%
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%
FRAX -25% from 91.84 FRAX to 68.80 FRAX -0% from 37.57K FRAX to 37.53K FRAX -25% from 0.24% to 0.18%

Notable Trends

  • xcUSDC borrows -19% (6.66K → 5.42K xcUSDC)
  • USDC.wh borrows -9% (7.08K → 6.45K USDC.wh)
  • xcUSDT borrows -4% (11.45K → 11.00K xcUSDT)

Liquidations

No liquidation events this week.

Ethereum

Asset Current Borrow Cap Current Supply Cap Average Borrow Cap Usage (Past Week) Average Supply Cap Usage (Past Week) Average Utilization
WETH 20.00K 30.00K 0.00% 0.00% 0.00%
USDC 180.00M 200.00M 0.00% 0.00% 0.00%
USDT 180.00M 200.00M 0.00% 0.00% 0.00%
cbBTC 600.00 1.00K 0.00% 0.00% 0.00%

Week-over-Week Changes

Asset Total Borrow Total Supply Utilization
WETH N/A +742% from 0.00 WETH to 0.01 WETH N/A
USDC N/A +87308% from 5.69 USDC to 4.97K USDC N/A
USDT N/A 0% from 1.00 USDT to 1.00 USDT N/A
cbBTC N/A 0% from 0.00 cbBTC to 0.00 cbBTC N/A

Notable Trends

  • USDC supply +87308% (5.69 → 4.97K USDC)

Liquidations

No liquidation events this week.