Weekly Update (6/26/26 - 7/2/26)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum, OP Mainnet, and Moonbeam. Data from 6/26/26 to 7/2/26. 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% | 17.20% | 100.00% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 28.32% | 99.82% |
| USDC | 184.00M | 200.00M | 7.46% | 7.75% | 88.52% |
| WETH | 64.00K | 96.00K | 6.30% | 5.04% | 83.45% |
| EURC | 21.00M | 21.90M | 2.27% | 3.09% | 70.77% |
| USDS | 690.00K | 750.00K | 1.38% | 2.02% | 65.59% |
| DAI | 300.00K | 400.00K | 4.32% | 5.69% | 56.95% |
| cbXRP | 0.00 | 5.00M | 0.00% | 48.44% | 33.01% |
| AERO | 7.50M | 70.00M | 55.89% | 32.29% | 18.66% |
| MAMO | 3.00M | 20.00M | 22.19% | 22.26% | 15.31% |
| WELL | 34.00M | 250.00M | 69.73% | 71.25% | 13.31% |
| cbBTC | 90.00 | 1.50K | 25.62% | 12.61% | 12.19% |
| USDbC | 1.00 | 1.00 | 89.50K% | 802.72K% | 11.15% |
| LBTC | 10.00 | 95.00 | 60.07% | 59.44% | 10.64% |
| tBTC | 5.00 | 50.00 | 1.86% | 1.76% | 10.60% |
| wstETH | 500.00 | 14.40K | 21.02% | 8.06% | 9.06% |
| MORPHO | 100.00K | 6.00M | 177.52% | 93.94% | 3.15% |
| VVV | 1.00K | 170.00K | 100.00% | 28.58% | 2.06% |
| rETH | 200.00 | 2.60K | 4.90% | 28.18% | 1.34% |
| weETH | 0.00 | 5.40K | 0.00% | 1.17% | 0.35% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.04% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,296,600.82 | 674.17552303 | $3,529.53 | 1.8345 |
| cbXRP | $805,673.51 | 747332.374059 | $1,388.19 | 1281.8028 |
| VIRTUAL | $697,098.63 | 1258531.86937201 | $10,097.02 | 18324.909 |
| WETH | $273,984.51 | 161.55290226 | $2,220.33 | 1.3087 |
| MORPHO | $212,752.28 | 104958.46454436 | $190.41 | 91.7631 |
| EURC | $164,286.93 | 143524.435992 | $649.06 | 566.8606 |
| USDC | $154,016.04 | 154056.105391 | $7,589.42 | 7589.4224 |
| wstETH | $97,716.10 | 46.53384658 | $1,391.29 | 0.6623 |
| AERO | $79,940.58 | 159024.42206202 | $904.16 | 1769.4007 |
| cbBTC | $2,459.22 | 0.04001433 | $10,210.05 | 0.1661 |
| DAI | $1,540.35 | 1540.97176122 | $2,048.36 | 2048.3586 |
| USDS | $1,071.53 | 1071.78534243 | $185.09 | 185.0909 |
| tBTC | $746.51 | 0.01212599 | $5,405.28 | 0.0878 |
| WELL | $86.40 | 23690.10792273 | $11,572.89 | 2893221.8368 |
| weETH | $6.18 | 0.00331838 | $96.10 | 0.0516 |
| rETH | $1.87 | 0.00094275 | $1,202.92 | 0.6078 |
| LBTC | $0.97 | 0.00001578 | $6.17 | 0.0001 |
| wrsETH | $0.86 | 0.00047019 | $2,142.30 | 1.1746 |
| MAMO | $0.38 | 45.52391618 | $242.94 | 30366.8915 |
| USDbC | $0.03 | 0.033604 | $3.78 | 3.7757 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | +0% from 687.86 cbETH to 687.98 cbETH | +0% from 687.86 cbETH to 687.98 cbETH | -0% from 100.00% to 100.00% |
| VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +0% from 1.27M VIRTUAL to 1.27M VIRTUAL | -0% from 100.00% to 100.00% |
| USDC | -2% from 13.81M USDC to 13.58M USDC | +2% from 15.19M USDC to 15.54M USDC | -4% from 90.91% to 87.38% |
| WETH | +2% from 3.97K WETH to 4.03K WETH | +7% from 4.75K WETH to 5.08K WETH | -5% from 83.48% to 79.25% |
| EURC | +0% from 475.94K EURC to 477.50K EURC | +26% from 582.85K EURC to 735.43K EURC | -20% from 81.66% to 64.93% |
| USDS | +0% from 9.49K USDS to 9.49K USDS | +36% from 11.20K USDS to 15.21K USDS | -26% from 84.73% to 62.41% |
| DAI | +7% from 12.28K DAI to 13.18K DAI | +0% from 22.75K DAI to 22.77K DAI | +7% from 54.00% to 57.88% |
| cbXRP | -1% from 802.94K cbXRP to 792.23K cbXRP | -0% from 2.42M cbXRP to 2.41M cbXRP | -1% from 33.25% to 32.87% |
| AERO | +17% from 4.00M AERO to 4.67M AERO | -11% from 23.75M AERO to 21.10M AERO | +31% from 16.83% to 22.12% |
| MAMO | +253% from 407.24K MAMO to 1.44M MAMO | -16% from 4.53M MAMO to 3.82M MAMO | +318% from 9.00% to 37.66% |
| WELL | +1% from 23.38M WELL to 23.70M WELL | -0% from 178.37M WELL to 177.71M WELL | +2% from 13.10% to 13.34% |
| cbBTC | +74% from 16.68 cbBTC to 29.00 cbBTC | +0% from 189.33 cbBTC to 190.10 cbBTC | +73% from 8.81% to 15.25% |
| USDbC | -0% from 895.25 USDbC to 894.80 USDbC | -0% from 8.03K USDbC to 8.03K USDbC | -0% from 11.15% to 11.15% |
| LBTC | +14% from 5.46 LBTC to 6.21 LBTC | -0% from 56.46 LBTC to 56.36 LBTC | +14% from 9.67% to 11.02% |
| tBTC | -27% from 0.11 tBTC to 0.08 tBTC | +1% from 0.88 tBTC to 0.88 tBTC | -27% from 12.04% to 8.79% |
| wstETH | -0% from 105.22 wstETH to 105.05 wstETH | -0% from 1.16K wstETH to 1.16K wstETH | +0% from 9.06% to 9.08% |
| MORPHO | -6% from 180.47K MORPHO to 170.40K MORPHO | +0% from 5.64M MORPHO to 5.64M MORPHO | -6% from 3.20% to 3.02% |
| VVV | +0% from 1.00K VVV to 1.00K VVV | -1% from 49.09K VVV to 48.79K VVV | +1% from 2.04% to 2.05% |
| rETH | +0% from 9.80 rETH to 9.80 rETH | -1% from 733.92 rETH to 729.89 rETH | +1% from 1.33% to 1.34% |
| weETH | 0% from 0.22 weETH to 0.22 weETH | -5% from 64.91 weETH to 61.60 weETH | +5% from 0.34% to 0.36% |
| wrsETH | -36% from 0.01 wrsETH to 0.01 wrsETH | -0% from 29.30 wrsETH to 29.29 wrsETH | -35% from 0.05% to 0.03% |
Notable Trends
- AERO supply -11% (23.75M → 21.10M AERO)
- cbBTC borrows +74% (16.68 → 29.00 cbBTC)
- WETH supply +7% (4.75K → 5.08K WETH)
- AERO borrows +17% (4.00M → 4.67M AERO)
Liquidations
- Total liquidations: 69
- Total Collateral Seized (USD): $5,394.25
- Total Debt Repaid (USD): $4,903.86
- Total Liquidation Bonus (USD): $490.39
- Total Liquidator Bonus (USD): $343.27
- Total Protocol Bonus (USD): $147.12
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbBTC | 0.068140 | $3,947.57 | $3,588.70 | $358.87 | $251.21 | $107.66 | 19 |
| USDC | 1,033.128596 | $1,032.76 | $938.87 | $93.89 | $65.72 | $28.17 | 14 |
| WETH | 0.123423 | $194.34 | $176.67 | $17.67 | $12.37 | $5.30 | 17 |
| rETH | 0.093423 | $170.85 | $155.31 | $15.53 | $10.87 | $4.66 | 2 |
| MORPHO | 20.680363 | $35.60 | $32.37 | $3.24 | $2.27 | $0.97 | 2 |
| wrsETH | 0.005648 | $9.54 | $8.67 | $0.87 | $0.61 | $0.26 | 1 |
| cbETH | 0.000943 | $1.68 | $1.52 | $0.15 | $0.11 | $0.05 | 1 |
| cbXRP | 0.518131 | $0.56 | $0.50 | $0.05 | $0.04 | $0.02 | 4 |
| USDbC | 0.547533 | $0.55 | $0.50 | $0.05 | $0.03 | $0.01 | 4 |
| tBTC | 0.000006 | $0.37 | $0.34 | $0.03 | $0.02 | $0.01 | 1 |
| wstETH | 0.000115 | $0.23 | $0.21 | $0.02 | $0.01 | $0.01 | 2 |
| AERO | 0.438885 | $0.22 | $0.20 | $0.02 | $0.01 | $0.01 | 2 |
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 | 1.31% | 1.98% | 44.23% |
| cbBTC | 600.00 | 1.00K | 0.40% | 0.79% | 30.75% |
| USDT | 180.00M | 200.00M | 0.03% | 0.33% | 8.32% |
| USDC | 180.00M | 200.00M | 0.03% | 0.35% | 8.18% |
Bad Debt & Reserves
No positions with health factor below 0.5 on this chain.
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | +21% from 249.16 WETH to 301.71 WETH | +10% from 575.33 WETH to 632.61 WETH | +10% from 43.31% to 47.69% |
| cbBTC | +43% from 2.30 cbBTC to 3.30 cbBTC | +2% from 7.78 cbBTC to 7.97 cbBTC | +40% from 29.56% to 41.43% |
| USDT | +23% from 52.26K USDT to 64.32K USDT | +30% from 599.24K USDT to 779.47K USDT | -5% from 8.72% to 8.25% |
| USDC | +9% from 54.79K USDC to 59.69K USDC | +5% from 716.12K USDC to 749.62K USDC | +4% from 7.65% to 7.96% |
Notable Trends
- USDT supply +30% (599.24K → 779.47K USDT)
- WETH supply +10% (575.33 → 632.61 WETH)
- WETH borrows +21% (249.16 → 301.71 WETH)
- cbBTC borrows +43% (2.30 → 3.30 cbBTC**)
- USDT borrows +23% (52.26K → 64.32K USDT)
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% | 99.99% |
| USDT0 | 8.00M | 10.00M | 0.55% | 0.52% | 84.68% |
| USDC | 34.00M | 36.40M | 1.20% | 1.46% | 76.74% |
| DAI | 4.50M | 4.80M | 0.43% | 0.55% | 72.39% |
| USDT | 18.40M | 22.60M | 0.18% | 0.23% | 62.41% |
| WETH | 30.00K | 32.00K | 0.39% | 1.39% | 26.22% |
| weETH | 0.00 | 90.00 | 0.00% | 10.16% | 14.15% |
| rETH | 0.00 | 750.00 | 0.00% | 2.23% | 13.89% |
| OP | 650.00K | 5.60M | 13.29% | 13.14% | 11.74% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 11.67% |
| VELO | 6.00M | 80.00M | 35.04% | 90.20% | 2.92% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.74% | 2.57% |
| 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 | $4,588.00 | 2.3218225 | $555.38 | 0.2806 |
| wstETH | $2,932.00 | 1.39782978 | $4,469.17 | 2.1271 |
| cbETH | $369.00 | 0.19228614 | $17.89 | 0.0093 |
| WETH | $61.00 | 0.03622491 | $52,642.96 | 31.0266 |
| VELO | $31.00 | 1459.63914061 | $13,018.63 | 591755.7806 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | 0% from 0.19 cbETH to 0.19 cbETH | 0% from 0.19 cbETH to 0.19 cbETH | -0% from 100.00% to 99.98% |
| USDT0 | +0% from 43.95K USDT0 to 44.04K USDT0 | +20% from 51.79K USDT0 to 61.90K USDT0 | -16% from 84.86% to 71.15% |
| USDC | +69% from 285.14K USDC to 483.08K USDC | +78% from 383.46K USDC to 681.79K USDC | -5% from 74.36% to 70.85% |
| DAI | -28% from 24.43K DAI to 17.55K DAI | -25% from 32.81K DAI to 24.47K DAI | -4% from 74.46% to 71.71% |
| USDT | +95% from 19.05K USDT to 37.24K USDT | +60% from 36.08K USDT to 57.75K USDT | +22% from 52.81% to 64.48% |
| WETH | +7% from 113.86 WETH to 121.89 WETH | +0% from 448.17 WETH to 450.00 WETH | +7% from 25.41% to 27.09% |
| weETH | +0% from 1.29 weETH to 1.29 weETH | +0% from 9.15 weETH to 9.15 weETH | +0% from 14.15% to 14.15% |
| rETH | +0% from 2.32 rETH to 2.32 rETH | -0% from 16.77 rETH to 16.73 rETH | +0% from 13.86% to 13.90% |
| OP | -0% from 86.43K OP to 86.39K OP | +0% from 735.55K OP to 739.09K OP | -1% from 11.75% to 11.69% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | -24% from 0.01 WBTC to 0.00 WBTC | +31% from 9.49% to 12.41% |
| VELO | +219% from 1.72M VELO to 5.49M VELO | +0% from 71.74M VELO to 71.99M VELO | +218% from 2.39% to 7.63% |
| wstETH | 0% from 3.52 wstETH to 3.52 wstETH | +1% from 136.24 wstETH to 137.37 wstETH | -1% from 2.58% to 2.56% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | -0% from 12.39 wrsETH to 12.39 wrsETH | +0% from 2.23% to 2.23% |
Notable Trends
- USDC supply +78% (383.46K → 681.79K USDC)
- USDC borrows +69% (285.14K → 483.08K USDC)
- VELO borrows +219% (1.72M → 5.49M VELO)
- USDT supply +60% (36.08K → 57.75K USDT)
- USDT borrows +95% (19.05K → 37.24K USDT)
Liquidations
- Total liquidations: 69
- Total Collateral Seized (USD): $1.43
- Total Debt Repaid (USD): $1.30
- Total Liquidation Bonus (USD): $0.13
- Total Liquidator Bonus (USD): $0.09
- Total Protocol Bonus (USD): $0.04
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| OP | 3.892744 | $0.39 | $0.35 | $0.04 | $0.02 | $0.01 | 20 |
| USDT0 | 0.355298 | $0.35 | $0.32 | $0.03 | $0.02 | $0.01 | 14 |
| wrsETH | 0.000097 | $0.16 | $0.15 | $0.01 | $0.01 | $0.00 | 9 |
| USDT | 0.111259 | $0.11 | $0.10 | $0.01 | $0.01 | $0.00 | 2 |
| rETH | 0.000048 | $0.09 | $0.08 | $0.01 | $0.01 | $0.00 | 4 |
| USDC | 0.081039 | $0.08 | $0.07 | $0.01 | $0.01 | $0.00 | 3 |
| wstETH | 0.000033 | $0.06 | $0.06 | $0.01 | $0.00 | $0.00 | 3 |
| DAI | 0.060590 | $0.06 | $0.06 | $0.01 | $0.00 | $0.00 | 1 |
| cbETH | 0.000026 | $0.05 | $0.04 | $0.00 | $0.00 | $0.00 | 5 |
| weETH | 0.000022 | $0.04 | $0.03 | $0.00 | $0.00 | $0.00 | 4 |
| VELO | 0.810114 | $0.02 | $0.01 | $0.00 | $0.00 | $0.00 | 3 |
| WBTC | 0.000000 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 14526.37M% | 100.00% |
| xcUSDT | 0.10 | 10.96M% | 14.08% |
| xcUSDC | 0.10 | 3.84M% | 9.12% |
| USDC.wh | 0.10 | 5.98M% | 6.38% |
| ETH.wh | 0.10 | 825.25% | 3.32% |
| BTC.wh | 0.10 | 10.75% | 1.06% |
| xcDOT | 0.10 | 3.30M% | 0.31% |
| FRAX | 0.10 | 63.33K% | 0.17% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $120,289.00 | 14412131.21675916 | $42,696.85 | 5337105.8996 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 14.53M GLMR to 14.53M GLMR | +0% from 100.00% to 100.00% |
| xcUSDT | -1% from 10.98K xcUSDT to 10.87K xcUSDT | -1% from 77.99K xcUSDT to 77.18K xcUSDT | +0% from 14.07% to 14.09% |
| xcUSDC | -9% from 4.04K xcUSDC to 3.69K xcUSDC | -0% from 42.13K xcUSDC to 42.12K xcUSDC | -9% from 9.60% to 8.75% |
| USDC.wh | -2% from 6.04K USDC.wh to 5.90K USDC.wh | +0% from 93.71K USDC.wh to 93.71K USDC.wh | -2% from 6.44% to 6.30% |
| ETH.wh | +0% from 0.83 ETH.wh to 0.83 ETH.wh | +0% from 24.85 ETH.wh to 24.86 ETH.wh | +0% from 3.32% to 3.32% |
| BTC.wh | +2% from 0.01 BTC.wh to 0.01 BTC.wh | 0% from 1.02 BTC.wh to 1.02 BTC.wh | +2% from 1.05% to 1.07% |
| xcDOT | +0% from 3.30K xcDOT to 3.30K xcDOT | -0% from 1.06M xcDOT to 1.06M xcDOT | +0% from 0.31% to 0.31% |
| FRAX | 0% from 63.33 FRAX to 63.33 FRAX | 0% from 37.52K FRAX to 37.52K FRAX | 0% from 0.17% to 0.17% |
Liquidations
No liquidation events this week.