Weekly Update (7/24/26 - 7/30/26)
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 7/24/26 to 7/30/26. 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% | 17.19% | 100.00% |
| USDS | 690.00K | 750.00K | 1.49% | 1.52% | 90.03% |
| USDC | 184.00M | 200.00M | 7.19% | 7.53% | 87.95% |
| EURC | 21.00M | 21.90M | 2.05% | 2.26% | 87.13% |
| WETH | 64.00K | 96.00K | 5.97% | 4.71% | 84.47% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 37.30% | 75.50% |
| DAI | 300.00K | 400.00K | 4.57% | 5.60% | 61.24% |
| MAMO | 3.00M | 20.00M | 80.11% | 21.81% | 55.09% |
| cbXRP | 0.00 | 5.00M | 0.00% | 47.42% | 33.37% |
| AERO | 7.50M | 70.00M | 61.24% | 29.26% | 22.43% |
| cbBTC | 90.00 | 1.50K | 33.74% | 12.17% | 16.64% |
| wstETH | 500.00 | 14.40K | 24.46% | 7.38% | 11.50% |
| USDbC | 1.00 | 1.00 | 89.50K% | 802.29K% | 11.16% |
| WELL | 34.00M | 250.00M | 52.98% | 71.16% | 10.13% |
| tBTC | 5.00 | 50.00 | 1.60% | 1.76% | 9.07% |
| LBTC | 10.00 | 95.00 | 40.59% | 58.18% | 7.34% |
| MORPHO | 100.00K | 6.00M | 166.12% | 93.88% | 2.95% |
| rETH | 200.00 | 2.60K | 5.53% | 28.02% | 1.52% |
| weETH | 0.00 | 5.40K | 0.00% | 1.13% | 0.32% |
| VVV | 1.00K | 170.00K | 16.63% | 39.65% | 0.25% |
| 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 | $1,470,180.42 | 674.68244999 | $5,117.89 | 2.345 |
| cbXRP | $810,113.11 | 744990.992097 | $577.17 | 530.9732 |
| VIRTUAL | $709,825.59 | 1240528.1911673 | $193.13 | 337.6407 |
| WETH | $306,839.61 | 159.98745557 | $227.05 | 0.1182 |
| MORPHO | $209,346.67 | 104900.49429614 | $20.66 | 10.3521 |
| EURC | $165,259.19 | 143416.186885 | $76.06 | 66.0258 |
| USDC | $143,134.17 | 143167.726257 | $4,861.15 | 4861.1527 |
| wstETH | $109,163.26 | 45.88931459 | $8.58 | 0.0036 |
| AERO | $66,505.55 | 153344.30196105 | $988.48 | 2277.609 |
| USDS | $891.83 | 891.70906961 | $4.72 | 4.7153 |
| WELL | $72.14 | 23741.1984139 | $8,728.60 | 2909531.7417 |
| cbBTC | $9.12 | 0.00014085 | $8,713.19 | 0.1344 |
| weETH | $7.00 | 0.00331852 | $109.07 | 0.0516 |
| rETH | $2.12 | 0.00094281 | $1,364.70 | 0.608 |
| LBTC | $1.03 | 0.00001579 | $26.05 | 0.0004 |
| wrsETH | $0.97 | 0.00047019 | $2,429.92 | 1.1746 |
| MAMO | $0.45 | 46.38515563 | $433.44 | 43344.3272 |
| tBTC | $0.43 | 0.0000067 | $4,901.20 | 0.0757 |
| USDbC | $0.03 | 0.033615 | $4.06 | 4.0586 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | +0% from 687.36 cbETH to 687.49 cbETH | +0% from 687.39 cbETH to 687.49 cbETH | +0% from 100.00% to 100.00% |
| USDS | -2% from 10.30K USDS to 10.12K USDS | -3% from 11.50K USDS to 11.20K USDS | +1% from 89.58% to 90.43% |
| USDC | -1% from 13.30M USDC to 13.17M USDC | -0% from 15.47M USDC to 15.41M USDC | -1% from 85.97% to 85.48% |
| EURC | -2% from 436.59K EURC to 427.09K EURC | -3% from 492.11K EURC to 478.86K EURC | +1% from 88.72% to 89.19% |
| WETH | -0% from 3.80K WETH to 3.79K WETH | +1% from 4.45K WETH to 4.49K WETH | -1% from 85.54% to 84.38% |
| VIRTUAL | -1% from 1.27M VIRTUAL to 1.25M VIRTUAL | -1% from 1.68M VIRTUAL to 1.66M VIRTUAL | -0% from 75.69% to 75.36% |
| DAI | -10% from 14.10K DAI to 12.63K DAI | -6% from 22.77K DAI to 21.29K DAI | -4% from 61.92% to 59.29% |
| MAMO | -5% from 2.47M MAMO to 2.36M MAMO | -3% from 4.41M MAMO to 4.26M MAMO | -1% from 56.12% to 55.33% |
| cbXRP | -1% from 792.53K cbXRP to 787.17K cbXRP | +0% from 2.37M cbXRP to 2.37M cbXRP | -1% from 33.46% to 33.15% |
| AERO | -1% from 4.76M AERO to 4.71M AERO | +5% from 19.73M AERO to 20.75M AERO | -6% from 24.13% to 22.68% |
| cbBTC | -1% from 30.90 cbBTC to 30.58 cbBTC | +3% from 177.57 cbBTC to 182.71 cbBTC | -4% from 17.40% to 16.74% |
| wstETH | +3% from 124.86 wstETH to 128.30 wstETH | -1% from 1.07K wstETH to 1.06K wstETH | +4% from 11.64% to 12.12% |
| USDbC | +0% from 894.95 USDbC to 895.04 USDbC | -0% from 8.03K USDbC to 8.02K USDbC | +0% from 11.15% to 11.16% |
| WELL | -30% from 24.03M WELL to 16.91M WELL | +1% from 177.03M WELL to 178.99M WELL | -30% from 13.57% to 9.45% |
| tBTC | -10% from 0.08 tBTC to 0.07 tBTC | -1% from 0.88 tBTC to 0.87 tBTC | -9% from 9.08% to 8.24% |
| LBTC | +1% from 4.04 LBTC to 4.07 LBTC | +0% from 55.26 LBTC to 55.29 LBTC | +1% from 7.32% to 7.37% |
| MORPHO | -0% from 166.14K MORPHO to 166.05K MORPHO | -0% from 5.63M MORPHO to 5.63M MORPHO | -0% from 2.95% to 2.95% |
| rETH | -0% from 11.07 rETH to 11.05 rETH | +0% from 728.58 rETH to 729.15 rETH | -0% from 1.52% to 1.52% |
| weETH | -2% from 0.20 weETH to 0.19 weETH | -0% from 61.25 weETH to 61.24 weETH | -2% from 0.32% to 0.32% |
| VVV | +23% from 145.95 VVV to 180.14 VVV | +0% from 67.39K VVV to 67.44K VVV | +23% from 0.22% to 0.27% |
| 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
- AERO supply +5% (19.73M → 20.75M AERO)
- cbBTC supply +3% (177.57 → 182.71 cbBTC)
Liquidations
- Total liquidations: 181
- Total Collateral Seized (USD): $3,491.10
- Total Debt Repaid (USD): $3,173.73
- Total Liquidation Bonus (USD): $317.37
- Total Liquidator Bonus (USD): $222.16
- Total Protocol Bonus (USD): $95.21
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbXRP | 2,747.358200 | $2,978.66 | $2,707.87 | $270.79 | $189.55 | $81.24 | 6 |
| WELL | 122,876.132700 | $381.22 | $346.56 | $34.66 | $24.26 | $10.40 | 6 |
| USDC | 62.622432 | $62.62 | $56.92 | $5.69 | $3.98 | $1.71 | 11 |
| WETH | 0.019497 | $37.29 | $33.90 | $3.39 | $2.37 | $1.02 | 145 |
| VIRTUAL | 19.678916 | $11.03 | $10.03 | $1.00 | $0.70 | $0.30 | 4 |
| VVV | 0.867537 | $10.49 | $9.53 | $0.95 | $0.67 | $0.29 | 1 |
| AERO | 23.511800 | $9.60 | $8.73 | $0.87 | $0.61 | $0.26 | 1 |
| cbBTC | 0.000003 | $0.20 | $0.19 | $0.02 | $0.01 | $0.01 | 7 |
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 | 2.16% | 2.86% | 50.25% |
| cbBTC | 600.00 | 1.00K | 1.03% | 1.47% | 42.29% |
| USDT | 180.00M | 200.00M | 0.09% | 0.29% | 27.54% |
| USDC | 180.00M | 200.00M | 0.09% | 0.34% | 24.05% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| WETH | +13% from 395.34 WETH to 445.42 WETH | +5% from 827.65 WETH to 869.73 WETH | +7% from 47.77% to 51.21% |
| cbBTC | +0% from 6.21 cbBTC to 6.21 cbBTC | +0% from 14.67 cbBTC to 14.69 cbBTC | -0% from 42.30% to 42.27% |
| USDT | -20% from 194.16K USDT to 155.12K USDT | -17% from 668.96K USDT to 557.73K USDT | -4% from 29.02% to 27.81% |
| USDC | +14% from 149.24K USDC to 169.70K USDC | -2% from 664.49K USDC to 654.51K USDC | +15% from 22.46% to 25.93% |
Notable Trends
- USDT supply -17% (668.96K → 557.73K USDT)
- WETH borrows +13% (395.34 → 445.42 WETH)
- USDT borrows -20% (194.16K → 155.12K USDT)
- USDC borrows +14% (149.24K → 169.70K USDC)
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% | 99.98% |
| USDC | 34.00M | 36.40M | 1.23% | 1.47% | 78.02% |
| DAI | 4.50M | 4.80M | 0.39% | 0.51% | 71.92% |
| USDT | 18.40M | 22.60M | 0.17% | 0.22% | 65.60% |
| WETH | 30.00K | 32.00K | 0.37% | 0.76% | 45.05% |
| USDT0 | 8.00M | 10.00M | 0.15% | 0.36% | 33.61% |
| weETH | 0.00 | 90.00 | 0.00% | 8.24% | 17.07% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 16.04% |
| OP | 650.00K | 5.60M | 15.40% | 12.88% | 13.88% |
| rETH | 0.00 | 750.00 | 0.00% | 2.22% | 13.51% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.94% | 2.14% |
| VELO | 6.00M | 80.00M | 9.54% | 44.49% | 1.54% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $4,568.00 | 2.0427753 | $0.22 | 0.0001 |
| cbETH | $418.00 | 0.19228614 | $20.30 | 0.0093 |
| WETH | $69.00 | 0.03624051 | $59,620.67 | 31.0336 |
| VELO | $25.00 | 1462.41055164 | $10,683.55 | 593530.5439 |
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 440.64K USDC to 478.79K USDC | +6% from 577.96K USDC to 613.40K USDC | +2% from 76.24% to 78.06% |
| DAI | +0% from 17.59K DAI to 17.61K DAI | +0% from 24.48K DAI to 24.50K DAI | +0% from 71.85% to 71.87% |
| USDT | +0% from 32.07K USDT to 32.09K USDT | -1% from 48.50K USDT to 48.02K USDT | +1% from 66.12% to 66.82% |
| WETH | -9% from 118.79 WETH to 108.14 WETH | -8% from 262.50 WETH to 241.99 WETH | -1% from 45.25% to 44.69% |
| USDT0 | +85% from 10.13K USDT0 to 18.73K USDT0 | -11% from 40.11K USDT0 to 35.87K USDT0 | +107% from 25.26% to 52.23% |
| weETH | -9% from 1.30 weETH to 1.18 weETH | +0% from 7.41 weETH to 7.41 weETH | -9% from 17.48% to 15.92% |
| wrsETH | +0% from 0.28 wrsETH to 0.28 wrsETH | -19% from 1.83 wrsETH to 1.49 wrsETH | +23% from 15.12% to 18.64% |
| OP | +16% from 92.99K OP to 107.71K OP | -1% from 727.92K OP to 717.73K OP | +17% from 12.77% to 15.01% |
| rETH | -12% from 2.33 rETH to 2.05 rETH | -2% from 16.73 rETH to 16.44 rETH | -11% from 13.90% to 12.44% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.07% to 13.07% |
| wstETH | -40% from 3.52 wstETH to 2.11 wstETH | -1% from 147.46 wstETH to 145.36 wstETH | -39% from 2.39% to 1.45% |
| VELO | -74% from 1.80M VELO to 466.97K VELO | -44% from 60.26M VELO to 34.04M VELO | -54% from 2.98% to 1.37% |
Notable Trends
- VELO supply -44% (60.26M → 34.04M VELO)
- VELO borrows -74% (1.80M → 466.97K VELO)
Liquidations
- Total liquidations: 26
- Total Collateral Seized (USD): $748.91
- Total Debt Repaid (USD): $680.83
- Total Liquidation Bonus (USD): $68.08
- Total Liquidator Bonus (USD): $47.66
- Total Protocol Bonus (USD): $20.42
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| wrsETH | 0.354855 | $732.46 | $665.88 | $66.59 | $46.61 | $19.98 | 16 |
| OP | 128.800870 | $11.18 | $10.17 | $1.02 | $0.71 | $0.31 | 6 |
| USDC | 2.627004 | $2.63 | $2.39 | $0.24 | $0.17 | $0.07 | 2 |
| USDT0 | 1.659620 | $1.66 | $1.51 | $0.15 | $0.11 | $0.05 | 1 |
| wstETH | 0.000411 | $0.98 | $0.89 | $0.09 | $0.06 | $0.03 | 1 |
Moonbeam
| Asset | Current Borrow Cap | Average Borrow Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|
| GLMR | 0.10 | 14537.60M% | 97.73% |
| xcUSDT | 0.10 | 9.53M% | 17.57% |
| USDC.wh | 0.10 | 5.67M% | 15.11% |
| xcUSDC | 0.10 | 2.14M% | 8.56% |
| ETH.wh | 0.10 | 808.65% | 5.04% |
| BTC.wh | 0.10 | 15.88% | 2.52% |
| xcDOT | 0.10 | 2.97M% | 0.57% |
| FRAX | 0.10 | 61.79K% | 0.16% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| GLMR | $109,756.00 | 14441860.67907697 | $63,215.90 | 7902064.9866 |
| USDC.wh | $8.00 | 5.816341 | $5,904.45 | 5904.4745 |
| xcUSDT | $6.00 | 5.617111 | $9,807.09 | 9816.902 |
| BTC.wh | $1.00 | 0.00001288 | $2,013.21 | 0.0311 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| GLMR | +0% from 14.54M GLMR to 14.54M GLMR | +3% from 14.54M GLMR to 15.01M GLMR | -3% from 100.00% to 96.86% |
| xcUSDT | -4% from 9.63K xcUSDT to 9.26K xcUSDT | -0% from 54.25K xcUSDT to 54.22K xcUSDT | -4% from 17.75% to 17.09% |
| USDC.wh | -9% from 5.85K USDC.wh to 5.32K USDC.wh | -11% from 38.31K USDC.wh to 34.19K USDC.wh | +2% from 15.28% to 15.56% |
| xcUSDC | -2% from 2.16K xcUSDC to 2.11K xcUSDC | -0% from 25.11K xcUSDC to 25.01K xcUSDC | -2% from 8.60% to 8.44% |
| ETH.wh | -0% from 0.81 ETH.wh to 0.81 ETH.wh | -7% from 16.25 ETH.wh to 15.18 ETH.wh | +7% from 4.98% to 5.32% |
| BTC.wh | -81% from 0.02 BTC.wh to 0.00 BTC.wh | -0% from 0.63 BTC.wh to 0.63 BTC.wh | -81% from 3.63% to 0.70% |
| xcDOT | -1% from 2.97K xcDOT to 2.93K xcDOT | -0% from 516.38K xcDOT to 516.34K xcDOT | -1% from 0.58% to 0.57% |
| FRAX | -6% from 63.33 FRAX to 59.48 FRAX | +0% from 37.51K FRAX to 37.51K FRAX | -6% from 0.17% to 0.16% |
Liquidations
No liquidation events this week.