Weekly Update (8/14/26 - 8/20/26)
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 8/14/26 to 8/20/26. 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% |
| EURC | 21.00M | 21.90M | 2.04% | 2.19% | 89.36% |
| USDS | 690.00K | 750.00K | 1.45% | 1.52% | 87.98% |
| USDC | 184.00M | 200.00M | 6.92% | 7.32% | 87.28% |
| WETH | 64.00K | 96.00K | 6.02% | 4.85% | 82.69% |
| VIRTUAL | 0.00 | 4.50M | 0.00% | 36.36% | 76.66% |
| DAI | 300.00K | 400.00K | 4.16% | 5.33% | 58.61% |
| MAMO | 3.00M | 20.00M | 84.86% | 22.33% | 57.05% |
| cbXRP | 0.00 | 5.00M | 0.00% | 48.09% | 32.75% |
| AERO | 7.50M | 70.00M | 77.86% | 27.30% | 30.56% |
| cbBTC | 90.00 | 1.50K | 32.80% | 12.02% | 16.38% |
| wstETH | 500.00 | 14.40K | 29.68% | 7.41% | 13.91% |
| USDbC | 1.00 | 1.00 | 89.36K% | 801.72K% | 11.15% |
| WELL | 34.00M | 250.00M | 55.42% | 72.41% | 10.41% |
| tBTC | 5.00 | 50.00 | 1.21% | 1.71% | 7.06% |
| LBTC | 10.00 | 95.00 | 17.24% | 54.88% | 3.21% |
| MORPHO | 100.00K | 6.00M | 165.51% | 93.75% | 2.94% |
| rETH | 200.00 | 2.60K | 5.52% | 27.33% | 1.55% |
| VVV | 1.00K | 170.00K | 99.55% | 40.68% | 1.44% |
| weETH | 0.00 | 5.40K | 0.00% | 1.14% | 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 | $1,807,077.29 | 675.08509606 | $7,473.20 | 2.8248 |
| cbXRP | $978,118.69 | 745429.898143 | $1,933.07 | 1522.1021 |
| VIRTUAL | $808,040.37 | 1241257.60765095 | $678.61 | 1058.6673 |
| WETH | $376,506.44 | 160.01548194 | $1,808.05 | 0.7775 |
| MORPHO | $240,059.81 | 104942.08946076 | $76.63 | 33.0748 |
| EURC | $168,592.16 | 144135.169263 | $834.96 | 713.6437 |
| USDC | $143,911.79 | 143921.305985 | $16,016.23 | 16016.2281 |
| wstETH | $134,149.99 | 45.91211015 | $41.87 | 0.0145 |
| AERO | $74,116.98 | 153950.30972642 | $4,921.99 | 10297.0512 |
| USDS | $898.67 | 898.72128689 | $12.58 | 12.5814 |
| WELL | $87.20 | 23772.62260614 | $11,686.52 | 2921629.3407 |
| cbBTC | $10.58 | 0.00014099 | $10,053.18 | 0.1376 |
| weETH | $8.60 | 0.00331861 | $132.20 | 0.0516 |
| rETH | $2.60 | 0.00094286 | $1,654.49 | 0.6081 |
| LBTC | $1.19 | 0.00001579 | $36.71 | 0.0005 |
| wrsETH | $1.19 | 0.00047019 | $2,945.61 | 1.1746 |
| tBTC | $0.50 | 0.0000067 | $5,541.16 | 0.0757 |
| MAMO | $0.48 | 46.79079361 | $497.63 | 49762.5846 |
| USDbC | $0.03 | 0.033625 | $4.32 | 4.316 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| cbETH | -0% from 687.75 cbETH to 687.72 cbETH | -0% from 687.75 cbETH to 687.72 cbETH | 0% from 100.00% to 100.00% |
| EURC | +0% from 427.78K EURC to 429.70K EURC | +11% from 479.64K EURC to 532.64K EURC | -10% from 89.19% to 80.67% |
| USDS | -2% from 10.18K USDS to 9.96K USDS | -5% from 11.92K USDS to 11.28K USDS | +3% from 85.46% to 88.31% |
| USDC | +0% from 12.81M USDC to 12.84M USDC | +10% from 14.16M USDC to 15.64M USDC | -9% from 90.46% to 82.12% |
| WETH | -1% from 3.85K WETH to 3.80K WETH | -0% from 4.76K WETH to 4.76K WETH | -1% from 80.89% to 79.97% |
| VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | -2% from 1.65M VIRTUAL to 1.62M VIRTUAL | +2% from 75.97% to 77.37% |
| DAI | +3% from 12.25K DAI to 12.58K DAI | -0% from 21.32K DAI to 21.31K DAI | +3% from 57.45% to 59.00% |
| MAMO | +1% from 2.52M MAMO to 2.56M MAMO | +11% from 4.41M MAMO to 4.88M MAMO | -9% from 57.29% to 52.40% |
| cbXRP | +0% from 787.47K cbXRP to 787.62K cbXRP | +0% from 2.40M cbXRP to 2.41M cbXRP | -0% from 32.78% to 32.71% |
| AERO | -14% from 5.94M AERO to 5.12M AERO | +2% from 19.16M AERO to 19.60M AERO | -16% from 31.00% to 26.12% |
| cbBTC | -21% from 29.25 cbBTC to 23.25 cbBTC | +1% from 181.37 cbBTC to 183.89 cbBTC | -22% from 16.12% to 12.64% |
| wstETH | -16% from 159.58 wstETH to 134.64 wstETH | -0% from 1.07K wstETH to 1.07K wstETH | -15% from 14.95% to 12.64% |
| USDbC | +0% from 893.53 USDbC to 893.56 USDbC | -0% from 8.02K USDbC to 8.02K USDbC | +0% from 11.14% to 11.15% |
| WELL | +1% from 19.03M WELL to 19.21M WELL | +2% from 180.45M WELL to 183.74M WELL | -1% from 10.54% to 10.45% |
| tBTC | -13% from 0.07 tBTC to 0.06 tBTC | -1% from 0.87 tBTC to 0.86 tBTC | -12% from 8.00% to 7.06% |
| LBTC | -82% from 4.42 LBTC to 0.80 LBTC | -9% from 55.42 LBTC to 50.58 LBTC | -80% from 7.98% to 1.59% |
| MORPHO | -3% from 166.06K MORPHO to 161.07K MORPHO | -0% from 5.62M MORPHO to 5.62M MORPHO | -3% from 2.95% to 2.86% |
| rETH | -0% from 11.04 rETH to 11.03 rETH | +1% from 710.58 rETH to 717.46 rETH | -1% from 1.55% to 1.54% |
| VVV | -1% from 998.39 VVV to 990.96 VVV | +8% from 67.66K VVV to 73.14K VVV | -8% from 1.48% to 1.35% |
| weETH | -0% from 0.19 weETH to 0.19 weETH | +8% from 62.06 weETH to 66.92 weETH | -7% from 0.31% to 0.28% |
| wrsETH | -1% from 0.01 wrsETH to 0.01 wrsETH | 0% from 29.29 wrsETH to 29.29 wrsETH | -1% from 0.03% to 0.03% |
Notable Trends
- USDC supply +10% (14.16M → 15.64M USDC)
- cbBTC borrows -21% (29.25 → 23.25 cbBTC)
- AERO borrows -14% (5.94M → 5.12M AERO)
- LBTC supply -9% (55.42 → 50.58 LBTC)
- LBTC borrows -82% (4.42 → 0.80 LBTC)
Liquidations
- Total liquidations: 64
- Total Collateral Seized (USD): $36,870.41
- Total Debt Repaid (USD): $33,518.55
- Total Liquidation Bonus (USD): $3,351.86
- Total Liquidator Bonus (USD): $2,346.30
- Total Protocol Bonus (USD): $1,005.56
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDC | 27,895.232562 | $27,891.09 | $25,355.54 | $2,535.55 | $1,774.89 | $760.67 | 18 |
| EURC | 4,947.880000 | $5,770.11 | $5,245.55 | $524.56 | $367.19 | $157.37 | 1 |
| cbBTC | 0.019799 | $1,367.38 | $1,243.07 | $124.31 | $87.02 | $37.29 | 1 |
| cbETH | 0.476751 | $1,030.10 | $936.45 | $93.65 | $65.55 | $28.09 | 4 |
| AERO | 1,352.302445 | $554.52 | $504.11 | $50.41 | $35.29 | $15.12 | 5 |
| cbXRP | 131.537791 | $131.11 | $119.19 | $11.92 | $8.34 | $3.58 | 5 |
| WETH | 0.051776 | $106.16 | $96.51 | $9.65 | $6.76 | $2.90 | 28 |
| VIRTUAL | 34.011503 | $19.95 | $18.13 | $1.81 | $1.27 | $0.54 | 2 |
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 | 0.21% | 0.24% | 81.21% |
| USDT | 180.00M | 200.00M | 0.19% | 0.23% | 76.61% |
| WETH | 20.00K | 30.00K | 2.23% | 3.45% | 43.10% |
| cbBTC | 600.00 | 1.00K | 0.70% | 1.26% | 34.06% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDC | +0% from 380.85K USDC to 381.27K USDC | -8% from 527.12K USDC to 484.58K USDC | +9% from 72.25% to 78.68% |
| USDT | -9% from 360.90K USDT to 328.35K USDT | -35% from 636.91K USDT to 414.40K USDT | +40% from 56.66% to 79.24% |
| WETH | -0% from 449.31 WETH to 448.24 WETH | -0% from 1.04K WETH to 1.04K WETH | -0% from 43.35% to 43.26% |
| cbBTC | +0% from 4.21 cbBTC to 4.21 cbBTC | -22% from 13.71 cbBTC to 10.72 cbBTC | +28% from 30.73% to 39.33% |
Notable Trends
- USDT supply -35% (636.91K → 414.40K USDT)
- cbBTC supply -22% (13.71 → 10.72 cbBTC)
- USDC supply -8% (527.12K → 484.58K USDC)
- USDT borrows -9% (360.90K → 328.35K 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% | 99.98% |
| USDC | 34.00M | 36.40M | 1.61% | 1.85% | 80.99% |
| DAI | 4.50M | 4.80M | 0.39% | 0.51% | 72.55% |
| USDT | 18.40M | 22.60M | 0.17% | 0.21% | 67.36% |
| WETH | 30.00K | 32.00K | 0.35% | 0.72% | 45.84% |
| USDT0 | 8.00M | 10.00M | 0.13% | 0.36% | 29.10% |
| OP | 650.00K | 5.60M | 18.54% | 12.58% | 17.13% |
| weETH | 0.00 | 90.00 | 0.00% | 8.24% | 14.75% |
| rETH | 0.00 | 750.00 | 0.00% | 1.90% | 14.39% |
| WBTC | 0.00 | 0.00 | 0.00% | 0.00% | 13.07% |
| VELO | 6.00M | 80.00M | 8.18% | 39.47% | 1.56% |
| wstETH | 0.00 | 5.00K | 0.00% | 2.83% | 1.49% |
| 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 | $5,609.00 | 2.04383107 | $0.82 | 0.0003 |
| cbETH | $513.00 | 0.19228614 | $24.60 | 0.0093 |
| WETH | $85.00 | 0.03625579 | $72,162.20 | 31.038 |
| VELO | $29.00 | 1464.25310056 | $11,873.68 | 593684.1936 |
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 | +3% from 543.35K USDC to 559.52K USDC | +16% from 667.60K USDC to 775.16K USDC | -11% from 81.39% to 72.18% |
| DAI | +0% from 17.68K DAI to 17.71K DAI | +20% from 21.25K DAI to 25.49K DAI | -16% from 83.20% to 69.48% |
| USDT | -0% from 32.14K USDT to 32.11K USDT | +0% from 47.72K USDT to 47.73K USDT | -0% from 67.35% to 67.29% |
| WETH | +0% from 105.44 WETH to 105.46 WETH | -2% from 243.23 WETH to 238.70 WETH | +2% from 43.35% to 44.18% |
| USDT0 | +0% from 10.15K USDT0 to 10.15K USDT0 | -1% from 35.66K USDT0 to 35.43K USDT0 | +1% from 28.45% to 28.65% |
| OP | +44% from 99.21K OP to 143.32K OP | -1% from 709.78K OP to 699.50K OP | +47% from 13.98% to 20.49% |
| weETH | -72% from 1.18 weETH to 0.33 weETH | +0% from 7.42 weETH to 7.42 weETH | -72% from 15.92% to 4.39% |
| rETH | +0% from 2.05 rETH to 2.05 rETH | -0% from 14.22 rETH to 14.22 rETH | +0% from 14.39% to 14.39% |
| 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% |
| VELO | +459% from 359.14K VELO to 2.01M VELO | -3% from 31.92M VELO to 31.06M VELO | +474% from 1.13% to 6.46% |
| wstETH | 0% from 2.11 wstETH to 2.11 wstETH | -0% from 141.31 wstETH to 141.30 wstETH | +0% from 1.49% to 1.49% |
| wrsETH | -9% from 0.00 wrsETH to 0.00 wrsETH | 0% from 1.22 wrsETH to 1.22 wrsETH | -9% from 0.36% to 0.33% |
Notable Trends
- USDC supply +16% (667.60K → 775.16K USDC)
- VELO borrows +459% (359.14K → 2.01M VELO)
- DAI supply +20% (21.25K → 25.49K DAI)
Liquidations
- Total liquidations: 25
- Total Collateral Seized (USD): $2,456.46
- Total Debt Repaid (USD): $2,233.14
- Total Liquidation Bonus (USD): $223.31
- Total Liquidator Bonus (USD): $156.32
- Total Protocol Bonus (USD): $66.99
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| USDC | 2,418.225500 | $2,417.86 | $2,198.05 | $219.81 | $153.86 | $65.94 | 14 |
| OP | 311.258530 | $25.71 | $23.37 | $2.34 | $1.64 | $0.70 | 6 |
| USDT0 | 9.519091 | $9.51 | $8.64 | $0.86 | $0.61 | $0.26 | 2 |
| rETH | 0.000469 | $1.15 | $1.04 | $0.10 | $0.07 | $0.03 | 1 |
| USDT | 1.134690 | $1.13 | $1.03 | $0.10 | $0.07 | $0.03 | 1 |
| DAI | 1.101060 | $1.10 | $1.00 | $0.10 | $0.07 | $0.03 | 1 |