Weekly Update (7/10/26 - 7/16/26)
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 7/10/26 to 7/16/26. 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% | 17.18% | 100.00% |
| WETH | 64.00K | 96.00K | 6.14% | 4.74% | 86.40% |
| USDC | 184.00M | 200.00M | 7.53% | 8.10% | 85.63% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 35.07% | 82.09% |
| EURC | 21.00M | 21.90M | 2.27% | 2.76% | 79.42% |
| USDS | 690.00K | 750.00K | 1.49% | 1.85% | 75.41% |
| MAMO | 3.00M | 20.00M | 80.18% | 19.46% | 61.81% |
| DAI | 300.00K | 400.00K | 4.33% | 5.70% | 56.90% |
| cbXRP | 0.00 | 5.00M | 0.00% | 47.34% | 33.47% |
| AERO | 7.50M | 70.00M | 62.25% | 32.39% | 20.62% |
| cbBTC | 90.00 | 1.50K | 31.89% | 12.29% | 15.57% |
| WELL | 34.00M | 250.00M | 69.15% | 70.73% | 13.30% |
| USDbC | 1.00 | 1.00 | 89.49K% | 802.53K% | 11.15% |
| LBTC | 10.00 | 95.00 | 59.45% | 59.30% | 10.55% |
| tBTC | 5.00 | 50.00 | 1.84% | 1.77% | 10.40% |
| wstETH | 500.00 | 14.40K | 22.39% | 7.95% | 9.79% |
| MORPHO | 100.00K | 6.00M | 166.51% | 93.93% | 2.95% |
| rETH | 200.00 | 2.60K | 4.89% | 28.04% | 1.34% |
| VVV | 1.00K | 170.00K | 81.63% | 41.16% | 1.16% |
| weETH | 0.00 | 5.40K | 0.00% | 1.08% | 0.37% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.03% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbETH | $1,433,618.76 | 674.433643 | $4,429.78 | 2.094 |
| cbXRP | $816,745.63 | 747619.513814 | $2,215.09 | 2037.7995 |
| VIRTUAL | $802,184.83 | 1259015.64322549 | $11,793.31 | 18809.1026 |
| WETH | $302,638.63 | 161.57571848 | $2,830.94 | 1.5187 |
| MORPHO | $215,952.98 | 104985.85157969 | $223.71 | 108.0208 |
| EURC | $164,436.30 | 143803.067652 | $806.11 | 705.2602 |
| USDC | $154,316.28 | 154335.388329 | $10,716.66 | 10716.6649 |
| wstETH | $108,124.23 | 46.54445134 | $1,539.94 | 0.6661 |
| AERO | $77,254.74 | 159340.64891245 | $2,478.22 | 5217.3065 |
| cbBTC | $2,563.14 | 0.04002837 | $11,055.20 | 0.1733 |
| DAI | $1,548.97 | 1549.3195974 | $2,118.86 | 2118.858 |
| USDS | $1,076.17 | 1076.29410902 | $189.48 | 189.4837 |
| tBTC | $777.20 | 0.012129 | $5,595.75 | 0.0878 |
| WELL | $82.90 | 23716.89428223 | $8,700.26 | 2900085.0901 |
| weETH | $6.83 | 0.00331845 | $105.71 | 0.0516 |
| rETH | $2.06 | 0.00094277 | $1,322.99 | 0.6079 |
| LBTC | $1.02 | 0.00001578 | $19.22 | 0.0003 |
| wrsETH | $0.94 | 0.00047019 | $2,355.87 | 1.1746 |
| MAMO | $0.43 | 46.01295388 | $336.46 | 37384.8816 |
| USDbC | $0.03 | 0.03361 | $3.93 | 3.9277 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | -0% from 688.11 cbETH to 687.22 cbETH | -0% from 688.11 cbETH to 687.23 cbETH | -0% from 100.00% to 100.00% |
| WETH | -3% from 3.92K WETH to 3.82K WETH | -7% from 4.61K WETH to 4.30K WETH | +5% from 85.02% to 88.88% |
| USDC | -2% from 13.88M USDC to 13.66M USDC | -4% from 16.64M USDC to 15.96M USDC | +3% from 83.44% to 85.61% |
| VIRTUAL | -0% from 1.27M VIRTUAL to 1.27M VIRTUAL | +33% from 1.27M VIRTUAL to 1.69M VIRTUAL | -25% from 100.00% to 75.15% |
| EURC | +2% from 474.62K EURC to 482.74K EURC | -4% from 532.05K EURC to 511.59K EURC | +6% from 89.20% to 94.36% |
| USDS | +0% from 10.26K USDS to 10.29K USDS | -23% from 15.13K USDS to 11.69K USDS | +30% from 67.82% to 88.07% |
| MAMO | +1% from 2.39M MAMO to 2.41M MAMO | +6% from 3.67M MAMO to 3.91M MAMO | -5% from 65.11% to 61.58% |
| DAI | +0% from 12.97K DAI to 13.00K DAI | +0% from 22.80K DAI to 22.86K DAI | -0% from 56.88% to 56.87% |
| cbXRP | +0% from 792.23K cbXRP to 792.38K cbXRP | -1% from 2.41M cbXRP to 2.38M cbXRP | +1% from 32.90% to 33.33% |
| AERO | +3% from 4.48M AERO to 4.63M AERO | -4% from 22.92M AERO to 22.04M AERO | +7% from 19.55% to 20.99% |
| cbBTC | -9% from 29.52 cbBTC to 26.71 cbBTC | -4% from 186.96 cbBTC to 179.28 cbBTC | -6% from 15.79% to 14.90% |
| WELL | -0% from 23.58M WELL to 23.55M WELL | -0% from 177.83M WELL to 176.96M WELL | +0% from 13.26% to 13.31% |
| USDbC | +0% from 894.87 USDbC to 894.95 USDbC | +0% from 8.03K USDbC to 8.03K USDbC | +0% from 11.15% to 11.15% |
| LBTC | -0% from 5.95 LBTC to 5.93 LBTC | -0% from 56.37 LBTC to 56.21 LBTC | -0% from 10.56% to 10.55% |
| tBTC | -15% from 0.10 tBTC to 0.08 tBTC | +0% from 0.88 tBTC to 0.88 tBTC | -15% from 10.76% to 9.13% |
| wstETH | -6% from 117.29 wstETH to 110.31 wstETH | -6% from 1.16K wstETH to 1.09K wstETH | -0% from 10.12% to 10.11% |
| MORPHO | -2% from 170.13K MORPHO to 166.14K MORPHO | -0% from 5.64M MORPHO to 5.63M MORPHO | -2% from 3.02% to 2.95% |
| rETH | -0% from 9.80 rETH to 9.75 rETH | -0% from 729.19 rETH to 728.68 rETH | -0% from 1.34% to 1.34% |
| VVV | -85% from 1.00K VVV to 155.00 VVV | -3% from 70.79K VVV to 68.93K VVV | -84% from 1.41% to 0.22% |
| weETH | -12% from 0.22 weETH to 0.20 weETH | -0% from 58.13 weETH to 58.07 weETH | -12% from 0.39% to 0.34% |
| wrsETH | 0% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | 0% from 0.03% to 0.03% |
Notable Trends
- VIRTUAL supply +33% (1.27M → 1.69M VIRTUAL)
Liquidations
- Total liquidations: 53
- Total Collateral Seized (USD): $19,110.95
- Total Debt Repaid (USD): $17,373.59
- Total Liquidation Bonus (USD): $1,737.36
- Total Liquidator Bonus (USD): $1,216.15
- Total Protocol Bonus (USD): $521.21
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbXRP | 15,171.320000 | $16,229.87 | $14,754.43 | $1,475.44 | $1,032.81 | $442.63 | 5 |
| EURC | 1,121.010000 | $1,279.72 | $1,163.38 | $116.34 | $81.44 | $34.90 | 1 |
| WETH | 0.574259 | $1,069.62 | $972.38 | $97.24 | $68.07 | $29.17 | 19 |
| AERO | 836.837910 | $410.89 | $373.54 | $37.35 | $26.15 | $11.21 | 10 |
| cbBTC | 0.001113 | $71.12 | $64.66 | $6.47 | $4.53 | $1.94 | 1 |
| USDC | 28.015130 | $28.01 | $25.46 | $2.55 | $1.78 | $0.76 | 8 |
| LBTC | 0.000325 | $20.37 | $18.52 | $1.85 | $1.30 | $0.56 | 1 |
| VIRTUAL | 1.359000 | $0.78 | $0.71 | $0.07 | $0.05 | $0.02 | 1 |
| tBTC | 0.000005 | $0.33 | $0.30 | $0.03 | $0.02 | $0.01 | 1 |
| wstETH | 0.000099 | $0.23 | $0.21 | $0.02 | $0.01 | $0.01 | 1 |
| cbETH | 0.000003 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | 5 |
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% | 99.98% |
| USDC | 34.00M | 36.40M | 1.36% | 1.66% | 76.53% |
| USDT0 | 8.00M | 10.00M | 0.50% | 0.53% | 75.88% |
| DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.73% |
| USDT | 18.40M | 22.60M | 0.17% | 0.23% | 62.87% |
| WETH | 30.00K | 32.00K | 0.49% | 1.31% | 34.86% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 15.12% |
| weETH | 0.00 | 90.00 | 0.00% | 10.11% | 14.24% |
| rETH | 0.00 | 750.00 | 0.00% | 2.23% | 13.90% |
| OP | 650.00K | 5.60M | 14.89% | 13.17% | 13.13% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 12.41% |
| VELO | 6.00M | 80.00M | 42.28% | 91.12% | 3.48% |
| wstETH | 0.00 | 5.00K | 0.00% | 3.33% | 2.11% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $5,060.00 | 2.32210264 | $610.89 | 0.2806 |
| wstETH | $3,234.00 | 1.39790311 | $4,915.79 | 2.1271 |
| cbETH | $407.00 | 0.19228614 | $19.68 | 0.0093 |
| WETH | $67.00 | 0.03623198 | $57,863.26 | 31.0308 |
| VELO | $30.00 | 1461.04235144 | $11,854.70 | 592735.0046 |
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 99.98% to 99.98% |
| USDC | +9% from 454.04K USDC to 496.87K USDC | +21% from 597.55K USDC to 720.14K USDC | -9% from 75.98% to 69.00% |
| USDT0 | +0% from 39.87K USDT0 to 39.90K USDT0 | -18% from 62.93K USDT0 to 51.50K USDT0 | +22% from 63.35% to 77.47% |
| DAI | +0% from 17.56K DAI to 17.58K DAI | +0% from 24.49K DAI to 24.50K DAI | +0% from 71.72% to 71.74% |
| USDT | -0% from 32.16K USDT to 32.04K USDT | +0% from 51.11K USDT to 51.13K USDT | -0% from 62.93% to 62.66% |
| WETH | +4% from 141.91 WETH to 147.64 WETH | -7% from 437.64 WETH to 408.94 WETH | +11% from 32.42% to 36.10% |
| wrsETH | 0% from 0.28 wrsETH to 0.28 wrsETH | 0% from 1.83 wrsETH to 1.83 wrsETH | 0% from 15.12% to 15.12% |
| weETH | +0% from 1.29 weETH to 1.30 weETH | -19% from 9.15 weETH to 7.41 weETH | +24% from 14.15% to 17.48% |
| rETH | 0% from 2.33 rETH to 2.33 rETH | 0% from 16.73 rETH to 16.73 rETH | 0% from 13.90% to 13.90% |
| OP | -33% from 154.82K OP to 103.24K OP | -1% from 740.39K OP to 730.10K OP | -32% from 20.91% to 14.14% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 12.41% to 12.41% |
| VELO | +206% from 1.95M VELO to 5.99M VELO | -0% from 72.90M VELO to 72.88M VELO | +207% from 2.68% to 8.22% |
| wstETH | +0% from 3.52 wstETH to 3.52 wstETH | -1% from 168.69 wstETH to 167.03 wstETH | +1% from 2.09% to 2.11% |
Notable Trends
- USDC supply +21% (597.55K → 720.14K USDC)
- VELO borrows +206% (1.95M → 5.99M VELO)
Liquidations
- Total liquidations: 2
- Total Collateral Seized (USD): $21.96
- Total Debt Repaid (USD): $19.97
- Total Liquidation Bonus (USD): $2.00
- Total Liquidator Bonus (USD): $1.40
- Total Protocol Bonus (USD): $0.60
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDC | 21.824900 | $21.82 | $19.83 | $1.98 | $1.39 | $0.60 | 1 |
| USDT0 | 0.143809 | $0.14 | $0.13 | $0.01 | $0.01 | $0.00 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 14531.43M% | 100.00% |
| xcUSDT | 0.10 | 9.70M% | 14.83% |
| USDC.wh | 0.10 | 5.88M% | 10.01% |
| xcUSDC | 0.10 | 2.28M% | 6.92% |
| ETH.wh | 0.10 | 808.49% | 3.97% |
| BTC.wh | 0.10 | 22.84% | 2.85% |
| xcDOT | 0.10 | 2.97M% | 0.57% |
| FRAX | 0.10 | 63.33K% | 0.17% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $125,737.00 | 14435507.75036345 | $48,076.78 | 5341864.5047 |
| USDC.wh | $8.00 | 5.872123 | $5,902.80 | 5902.8018 |
| xcUSDT | $6.00 | 5.61046 | $9,803.68 | 9813.4947 |
| BTC.wh | $1.00 | 0.00001286 | $1,988.23 | 0.0311 |
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 | -2% from 9.81K xcUSDT to 9.63K xcUSDT | -29% from 76.50K xcUSDT to 54.25K xcUSDT | +38% from 12.83% to 17.75% |
| USDC.wh | -0% from 5.88K USDC.wh to 5.88K USDC.wh | -59% from 93.48K USDC.wh to 38.68K USDC.wh | +142% from 6.29% to 15.20% |
| xcUSDC | -16% from 2.57K xcUSDC to 2.16K xcUSDC | -39% from 41.20K xcUSDC to 25.14K xcUSDC | +37% from 6.25% to 8.59% |
| ETH.wh | +0% from 0.81 ETH.wh to 0.81 ETH.wh | -35% from 24.85 ETH.wh to 16.25 ETH.wh | +53% from 3.25% to 4.98% |
| BTC.wh | -2% from 0.02 BTC.wh to 0.02 BTC.wh | -37% from 1.00 BTC.wh to 0.63 BTC.wh | +56% from 2.33% to 3.63% |
| xcDOT | +0% from 2.97K xcDOT to 2.97K xcDOT | +0% from 516.37K xcDOT to 516.38K xcDOT | +0% from 0.57% to 0.57% |
| FRAX | +0% from 63.33 FRAX to 63.33 FRAX | -0% from 37.53K FRAX to 37.52K FRAX | +0% from 0.17% to 0.17% |
Notable Trends
- USDC.wh supply -59% (93.48K → 38.68K USDC.wh)
- BTC.wh supply -37% (1.00 → 0.63 BTC.wh)
- xcUSDT supply -29% (76.50K → 54.25K xcUSDT)
- xcUSDC supply -39% (41.20K → 25.14K xcUSDC)
- ETH.wh supply -35% (24.85 → 16.25 ETH.wh)
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 | 2.01% | 2.54% | 52.89% |
| cbBTC | 600.00 | 1.00K | 0.55% | 1.21% | 27.42% |
| USDT | 180.00M | 200.00M | 0.05% | 0.34% | 13.39% |
| USDC | 180.00M | 200.00M | 0.05% | 0.37% | 13.35% |
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 | -2% from 401.80 WETH to 395.76 WETH | +22% from 737.45 WETH to 900.07 WETH | -19% from 54.49% to 43.97% |
| cbBTC | +0% from 3.30 cbBTC to 3.32 cbBTC | -2% from 12.11 cbBTC to 11.91 cbBTC | +2% from 27.27% to 27.86% |
| USDT | +236% from 54.94K USDT to 184.47K USDT | +12% from 636.58K USDT to 710.58K USDT | +201% from 8.63% to 25.96% |
| USDC | +148% from 75.88K USDC to 187.99K USDC | -3% from 767.08K USDC to 743.49K USDC | +156% from 9.89% to 25.29% |
Notable Trends
- WETH supply +22% (737.45 → 900.07 WETH)
- USDT borrows +236% (54.94K → 184.47K USDT)
- USDC borrows +148% (75.88K → 187.99K USDC)
- USDT supply +12% (636.58K → 710.58K USDT)
Liquidations
No liquidation events this week.