Weekly Update (8/7/26 - 8/13/26)
Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, Ethereum and OP Mainnet. Data from 8/7/26 to 8/13/26. 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% |
| USDC | 184.00M | 200.00M | 6.99% | 7.19% | 89.60% |
| USDS | 690.00K | 750.00K | 1.47% | 1.54% | 87.94% |
| WETH | 64.00K | 96.00K | 6.02% | 4.77% | 84.19% |
| EURC | 21.00M | 21.90M | 2.03% | 2.33% | 83.70% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 36.82% | 75.69% |
| DAI | 300.00K | 400.00K | 4.09% | 5.33% | 57.62% |
| MAMO | 3.00M | 20.00M | 82.60% | 21.88% | 56.62% |
| cbXRP | 0.00 | 5.00M | 0.00% | 47.88% | 32.89% |
| AERO | 7.50M | 70.00M | 76.03% | 27.45% | 29.68% |
| cbBTC | 90.00 | 1.50K | 33.27% | 12.13% | 16.46% |
| wstETH | 500.00 | 14.40K | 29.50% | 7.40% | 13.85% |
| USDbC | 1.00 | 1.00 | 89.49K% | 801.80K% | 11.16% |
| WELL | 34.00M | 250.00M | 53.30% | 72.18% | 10.04% |
| tBTC | 5.00 | 50.00 | 1.45% | 1.74% | 8.29% |
| LBTC | 10.00 | 95.00 | 43.31% | 58.22% | 7.83% |
| MORPHO | 100.00K | 6.00M | 166.07% | 93.81% | 2.95% |
| rETH | 200.00 | 2.60K | 5.52% | 27.48% | 1.55% |
| VVV | 1.00K | 170.00K | 98.84% | 39.71% | 1.46% |
| weETH | 0.00 | 5.40K | 0.00% | 1.15% | 0.31% |
| 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 | $1,440,233.24 | 674.94902134 | $5,705.63 | 2.6751 |
| cbXRP | $750,808.51 | 745279.653796 | $1,311.61 | 1302.4967 |
| VIRTUAL | $709,067.81 | 1241006.14263761 | $457.24 | 805.0009 |
| WETH | $300,269.04 | 160.00866358 | $1,286.56 | 0.6859 |
| MORPHO | $204,852.89 | 104927.88301722 | $49.83 | 25.5255 |
| EURC | $165,763.25 | 143801.894527 | $538.51 | 467.0469 |
| USDC | $143,544.01 | 143566.625589 | $12,061.14 | 12061.142 |
| wstETH | $106,936.04 | 45.90424153 | $24.91 | 0.0107 |
| AERO | $62,993.30 | 153732.53629089 | $3,031.18 | 7393.1315 |
| USDS | $897.48 | 897.63310525 | $11.44 | 11.438 |
| WELL | $67.48 | 23761.28888718 | $8,758.03 | 2919344.0581 |
| cbBTC | $8.89 | 0.0001409 | $8,618.67 | 0.1365 |
| weETH | $6.86 | 0.00331858 | $106.59 | 0.0516 |
| rETH | $2.07 | 0.00094284 | $1,333.95 | 0.6081 |
| LBTC | $1.00 | 0.00001579 | $31.72 | 0.0005 |
| wrsETH | $0.95 | 0.00047019 | $2,374.72 | 1.1746 |
| tBTC | $0.42 | 0.0000067 | $4,772.12 | 0.0757 |
| MAMO | $0.41 | 46.64940039 | $427.37 | 47485.174 |
| USDbC | $0.03 | 0.033621 | $4.23 | 4.227 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | +0% from 687.62 cbETH to 687.75 cbETH | +0% from 687.62 cbETH to 687.75 cbETH | 0% from 100.00% to 100.00% |
| USDC | -1% from 12.92M USDC to 12.81M USDC | -4% from 14.85M USDC to 14.19M USDC | +4% from 87.02% to 90.31% |
| USDS | +0% from 10.16K USDS to 10.18K USDS | -3% from 12.34K USDS to 11.92K USDS | +4% from 82.34% to 85.46% |
| WETH | -0% from 3.87K WETH to 3.85K WETH | +4% from 4.50K WETH to 4.66K WETH | -4% from 85.98% to 82.64% |
| EURC | +0% from 426.52K EURC to 427.78K EURC | -8% from 520.19K EURC to 479.13K EURC | +9% from 81.99% to 89.28% |
| VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | -2% from 1.67M VIRTUAL to 1.65M VIRTUAL | +2% from 74.89% to 76.12% |
| DAI | -2% from 12.53K DAI to 12.25K DAI | +0% from 21.31K DAI to 21.32K DAI | -2% from 58.78% to 57.45% |
| MAMO | +3% from 2.44M MAMO to 2.52M MAMO | +1% from 4.36M MAMO to 4.41M MAMO | +2% from 56.02% to 57.29% |
| cbXRP | +0% from 787.32K cbXRP to 787.47K cbXRP | -1% from 2.41M cbXRP to 2.40M cbXRP | +1% from 32.64% to 32.88% |
| AERO | +2% from 5.82M AERO to 5.96M AERO | -1% from 19.41M AERO to 19.17M AERO | +4% from 30.01% to 31.11% |
| cbBTC | -4% from 30.62 cbBTC to 29.36 cbBTC | -1% from 182.86 cbBTC to 181.37 cbBTC | -3% from 16.75% to 16.19% |
| wstETH | +7% from 148.96 wstETH to 159.58 wstETH | +1% from 1.06K wstETH to 1.07K wstETH | +6% from 14.11% to 14.95% |
| USDbC | -0% from 895.10 USDbC to 893.53 USDbC | +0% from 8.02K USDbC to 8.02K USDbC | -0% from 11.16% to 11.14% |
| WELL | +7% from 17.80M WELL to 19.03M WELL | +0% from 180.16M WELL to 180.45M WELL | +7% from 9.88% to 10.54% |
| tBTC | -4% from 0.07 tBTC to 0.07 tBTC | +0% from 0.87 tBTC to 0.87 tBTC | -4% from 8.27% to 7.97% |
| LBTC | +3% from 4.26 LBTC to 4.41 LBTC | +0% from 55.25 LBTC to 55.42 LBTC | +3% from 7.71% to 7.95% |
| MORPHO | -0% from 166.07K MORPHO to 166.06K MORPHO | -0% from 5.63M MORPHO to 5.62M MORPHO | +0% from 2.95% to 2.95% |
| rETH | -0% from 11.05 rETH to 11.04 rETH | -2% from 725.85 rETH to 710.58 rETH | +2% from 1.52% to 1.55% |
| VVV | +0% from 983.67 VVV to 987.96 VVV | +0% from 67.64K VVV to 67.66K VVV | +0% from 1.45% to 1.46% |
| weETH | -2% from 0.19 weETH to 0.19 weETH | -0% from 62.02 weETH to 62.00 weETH | -2% from 0.31% to 0.31% |
| 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
- USDC supply -4% (14.85M → 14.19M USDC)
- WETH supply +4% (4.50K → 4.66K WETH)
- cbBTC borrows -4% (30.62 → 29.36 cbBTC)
Liquidations
- Total liquidations: 146
- Total Collateral Seized (USD): $14,185.43
- Total Debt Repaid (USD): $12,895.85
- Total Liquidation Bonus (USD): $1,289.58
- Total Liquidator Bonus (USD): $902.71
- Total Protocol Bonus (USD): $386.88
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| cbXRP | 13,316.669710 | $13,487.63 | $12,261.48 | $1,226.15 | $858.30 | $367.84 | 10 |
| WETH | 0.159810 | $300.79 | $273.44 | $27.34 | $19.14 | $8.20 | 107 |
| AERO | 634.248306 | $273.32 | $248.47 | $24.85 | $17.39 | $7.45 | 9 |
| USDC | 94.702115 | $94.68 | $86.08 | $8.61 | $6.03 | $2.58 | 12 |
| VIRTUAL | 35.260177 | $19.69 | $17.90 | $1.79 | $1.25 | $0.54 | 5 |
| WELL | 3,167.832800 | $9.22 | $8.38 | $0.84 | $0.59 | $0.25 | 2 |
| cbBTC | 0.000002 | $0.11 | $0.10 | $0.01 | $0.01 | $0.00 | 1 |
Ethereum
| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Average Utilization |
|---|---|---|---|---|---|
| USDC | 180.00M | 200.00M | 0.22% | 0.27% | 73.97% |
| USDT | 180.00M | 200.00M | 0.18% | 0.27% | 59.94% |
| WETH | 20.00K | 30.00K | 2.23% | 3.46% | 43.08% |
| cbBTC | 600.00 | 1.00K | 0.70% | 1.37% | 30.73% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | -5% from 398.89K USDC to 380.85K USDC | -15% from 623.24K USDC to 527.12K USDC | +13% from 64.00% to 72.25% |
| USDT | +24% from 290.58K USDT to 360.90K USDT | +20% from 528.75K USDT to 636.91K USDT | +3% from 54.96% to 56.66% |
| WETH | +1% from 445.51 WETH to 449.31 WETH | +0% from 1.04K WETH to 1.04K WETH | +1% from 42.98% to 43.35% |
| cbBTC | +0% from 4.21 cbBTC to 4.21 cbBTC | +0% from 13.71 cbBTC to 13.71 cbBTC | +0% from 30.73% to 30.73% |
Notable Trends
- USDT supply +20% (528.75K → 636.91K USDT)
- USDC supply -15% (623.24K → 527.12K USDC)
- USDT borrows +24% (290.58K → 360.90K USDT)
- USDC borrows -5% (398.89K → 380.85K 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 | 1.61% | 1.84% | 81.69% |
| DAI | 4.50M | 4.80M | 0.39% | 0.47% | 78.02% |
| USDT | 18.40M | 22.60M | 0.17% | 0.21% | 67.30% |
| WETH | 30.00K | 32.00K | 0.35% | 0.76% | 43.41% |
| USDT0 | 8.00M | 10.00M | 0.19% | 0.36% | 41.55% |
| weETH | 0.00 | 90.00 | 0.00% | 8.24% | 15.92% |
| rETH | 0.00 | 750.00 | 0.00% | 1.95% | 14.01% |
| OP | 650.00K | 5.60M | 14.66% | 12.72% | 13.37% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.86% | 1.47% |
| VELO | 6.00M | 80.00M | 5.82% | 41.07% | 1.06% |
| wrsETH | 0.00 | 0.00 | 0.00% | 0.00% | 0.36% |
Bad Debt & Reserves
| Market | Bad Debt (USD) | Bad Debt (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $4,504.00 | 2.04321144 | $0.44 | 0.0002 |
| cbETH | $412.00 | 0.19228614 | $19.84 | 0.0093 |
| WETH | $68.00 | 0.03625041 | $58,218.23 | 31.0364 |
| VELO | $25.00 | 1463.6109972 | $10,091.55 | 593620.5765 |
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 | -1% from 551.23K USDC to 544.65K USDC | -1% from 673.73K USDC to 667.58K USDC | -0% from 81.82% to 81.59% |
| DAI | +0% from 17.63K DAI to 17.68K DAI | -13% from 24.50K DAI to 21.25K DAI | +16% from 71.98% to 83.20% |
| USDT | +0% from 32.11K USDT to 32.14K USDT | -1% from 48.20K USDT to 47.72K USDT | +1% from 66.62% to 67.35% |
| WETH | -0% from 105.44 WETH to 105.44 WETH | +0% from 242.83 WETH to 243.23 WETH | -0% from 43.42% to 43.35% |
| USDT0 | -46% from 18.75K USDT0 to 10.15K USDT0 | +0% from 35.65K USDT0 to 35.66K USDT0 | -46% from 52.58% to 28.45% |
| weETH | 0% from 1.18 weETH to 1.18 weETH | 0% from 7.42 weETH to 7.42 weETH | 0% from 15.92% to 15.92% |
| rETH | +0% from 2.05 rETH to 2.05 rETH | -14% from 16.44 rETH to 14.22 rETH | +16% from 12.44% to 14.39% |
| OP | +6% from 94.03K OP to 99.22K OP | -1% from 717.71K OP to 709.78K OP | +7% from 13.10% to 13.98% |
| 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 | +0% from 2.11 wstETH to 2.11 wstETH | -3% from 145.26 wstETH to 141.31 wstETH | +3% from 1.45% to 1.49% |
| VELO | +3% from 347.32K VELO to 359.13K VELO | -5% from 33.71M VELO to 32.00M VELO | +9% from 1.03% to 1.12% |
| wrsETH | 0% from 0.00 wrsETH to 0.00 wrsETH | 0% from 1.22 wrsETH to 1.22 wrsETH | 0% from 0.36% to 0.36% |
Notable Trends
- USDT0 borrows -46% (18.75K → 10.15K USDT0**)
- rETH supply -14% (16.44 → 14.22 rETH)
Liquidations
- Total liquidations: 2
- Total Collateral Seized (USD): $12.57
- Total Debt Repaid (USD): $11.43
- Total Liquidation Bonus (USD): $1.14
- Total Liquidator Bonus (USD): $0.80
- Total Protocol Bonus (USD): $0.34
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VELO | 514.143000 | $12.10 | $11.00 | $1.10 | $0.77 | $0.33 | 1 |
| OP | 5.342180 | $0.47 | $0.43 | $0.04 | $0.03 | $0.01 | 1 |