Weekly Update (10/16/26 - 10/22/26)
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 10/16/26 to 10/22/26. 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 |
|---|---|---|---|---|---|
| MAMO | 0.00 | 0.00 | N/A | N/A | 100.00% |
| USDC | 0.00 | 200.00M | N/A | 3.96% | 100.00% |
| cbETH | 0.00 | 4.00K | N/A | 17.22% | 100.00% |
| EURC | 0.00 | 21.90M | N/A | 1.46% | 100.00% |
| USDS | 0.00 | 0.00 | N/A | N/A | 100.00% |
| MORPHO | 0.00 | 400.00K | N/A | 30.30% | 99.97% |
| VIRTUAL | 0.00 | 4.50M | N/A | 30.95% | 90.10% |
| cbBTC | 0.00 | 1.50K | N/A | 4.48% | 87.48% |
| WETH | 0.00 | 96.00K | N/A | 1.80% | 83.10% |
| wstETH | 0.00 | 14.40K | N/A | 4.50% | 71.86% |
| DAI | 0.00 | 0.00 | N/A | N/A | 64.91% |
| cbXRP | 0.00 | 5.00M | N/A | 30.88% | 50.34% |
| AERO | 0.00 | 0.00 | N/A | N/A | 34.83% |
| tBTC | 0.00 | 0.00 | N/A | N/A | 15.11% |
| WELL | 0.00 | 0.00 | N/A | N/A | 14.46% |
| USDbC | 0.00 | 1.00 | N/A | 799.47K% | 11.13% |
| rETH | 0.00 | 0.00 | N/A | N/A | 1.93% |
| VVV | 0.00 | 170.00K | N/A | 2.50% | 1.21% |
| LBTC | 0.00 | 95.00 | N/A | 45.62% | 0.49% |
| weETH | 0.00 | 5.40K | N/A | 1.06% | 0.26% |
| wrsETH | 0.00 | 0.00 | N/A | N/A | 0.02% |
Bad Debt & Reserves
| Market | Gross exposure (USD) | Gross exposure (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| cbBTC | $4,484,281.94 | 54.85869098 | $12,260.92 | 0.1509 |
| USDC | $2,353,666.07 | 2354052.75596 | $80,126.36 | 80126.3574 |
| cbETH | $1,859,129.22 | 676.25259506 | $10,969.71 | 4.0263 |
| WETH | $1,799,465.51 | 747.66655611 | $2,366.11 | 0.992 |
| wstETH | $1,198,402.79 | 399.517483 | $4,584.25 | 1.5421 |
| cbXRP | $984,059.89 | 746716.510063 | $1,774.91 | 1361.1295 |
| VIRTUAL | $818,346.17 | 1243388.61954172 | $1,242.76 | 1917.8472 |
| MORPHO | $249,275.43 | 109281.47729634 | $4,241.97 | 1877.8101 |
| EURC | $169,524.73 | 151018.209746 | $10,868.83 | 9678.3885 |
| AERO | $128,434.70 | 162001.96401631 | $9,378.26 | 11946.8231 |
| MAMO | $13,927.54 | 2078429.23814734 | $13,362.41 | 1908916.1954 |
| USDS | $944.03 | 944.22128164 | $386.66 | 386.6607 |
| WELL | $54.78 | 25295.69730465 | $172.35 | 86173.2707 |
| weETH | $9.66 | 0.00363002 | $0.00 | 0 |
| rETH | $5.50 | 0.00194841 | $4.48 | 0.0016 |
| tBTC | $3.26 | 0.00003992 | $16.23 | 0.0002 |
| wrsETH | $3.17 | 0.00121698 | $0.00 | 0 |
| LBTC | $1.07 | 0.00001306 | $8.17 | 0.0001 |
| USDbC | $0.03 | 0.033651 | $0.59 | 0.5908 |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| MAMO | +0% from 3.47M MAMO to 3.47M MAMO | +0% from 3.47M MAMO to 3.47M MAMO | 0% from 100.00% to 100.00% |
| USDC | -1% from 7.95M USDC to 7.85M USDC | -1% from 7.95M USDC to 7.85M USDC | 0% from 100.00% to 100.00% |
| cbETH | +0% from 688.64 cbETH to 688.75 cbETH | +0% from 688.64 cbETH to 688.75 cbETH | 0% from 100.00% to 100.00% |
| EURC | +0% from 319.23K EURC to 320.35K EURC | +0% from 319.23K EURC to 320.35K EURC | 0% from 100.00% to 100.00% |
| USDS | +0% from 9.64K USDS to 9.66K USDS | +0% from 9.64K USDS to 9.66K USDS | +0% from 100.00% to 100.00% |
| MORPHO | +0% from 120.86K MORPHO to 121.37K MORPHO | +0% from 120.86K MORPHO to 121.37K MORPHO | +0% from 100.00% to 100.00% |
| VIRTUAL | +0% from 1.25M VIRTUAL to 1.25M VIRTUAL | -2% from 1.40M VIRTUAL to 1.37M VIRTUAL | +2% from 89.73% to 91.45% |
| cbBTC | +0% from 58.59 cbBTC to 58.66 cbBTC | -10% from 70.59 cbBTC to 63.86 cbBTC | +11% from 83.00% to 91.85% |
| WETH | -0% from 1.43K WETH to 1.43K WETH | -1% from 1.73K WETH to 1.72K WETH | +0% from 82.98% to 83.37% |
| wstETH | +0% from 466.10 wstETH to 466.33 wstETH | -0% from 649.21 wstETH to 648.35 wstETH | +0% from 71.80% to 71.93% |
| DAI | +0% from 12.85K DAI to 12.90K DAI | +0% from 19.80K DAI to 19.86K DAI | +0% from 64.90% to 64.98% |
| cbXRP | +0% from 777.18K cbXRP to 777.33K cbXRP | -4% from 1.59M cbXRP to 1.52M cbXRP | +5% from 48.94% to 51.18% |
| AERO | -3% from 1.10M AERO to 1.07M AERO | -22% from 3.29M AERO to 2.57M AERO | +25% from 33.44% to 41.75% |
| tBTC | -57% from 0.05 tBTC to 0.02 tBTC | -26% from 0.30 tBTC to 0.22 tBTC | -42% from 17.22% to 9.94% |
| WELL | +0% from 16.90M WELL to 16.90M WELL | -15% from 131.31M WELL to 112.23M WELL | +17% from 12.87% to 15.06% |
| USDbC | -0% from 892.67 USDbC to 889.20 USDbC | +0% from 7.99K USDbC to 7.99K USDbC | -0% from 11.17% to 11.12% |
| rETH | +0% from 9.39 rETH to 9.39 rETH | -0% from 488.25 rETH to 485.83 rETH | +0% from 1.92% to 1.93% |
| VVV | -0% from 51.28 VVV to 51.21 VVV | +0% from 4.25K VVV to 4.27K VVV | -1% from 1.21% to 1.20% |
| LBTC | -0% from 0.21 LBTC to 0.21 LBTC | 0% from 43.34 LBTC to 43.34 LBTC | -0% from 0.49% to 0.49% |
| weETH | -36% from 0.17 weETH to 0.11 weETH | +0% from 57.20 weETH to 57.21 weETH | -36% from 0.30% to 0.19% |
| wrsETH | -7% from 0.00 wrsETH to 0.00 wrsETH | -1% from 18.75 wrsETH to 18.56 wrsETH | -4% from 0.02% to 0.02% |
Notable Trends
- AERO supply -22% (3.29M → 2.57M AERO)
- cbBTC supply -10% (70.59 → 63.86 cbBTC)
Liquidations
- Total liquidations: 115
- Total Collateral Seized (USD): $1,987.52
- Total Debt Repaid (USD): $1,806.84
- Total Liquidation Bonus (USD): $180.68
- Total Liquidator Bonus (USD): $126.48
- Total Protocol Bonus (USD): $54.21
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| VIRTUAL | 1,976.861908 | $1,292.34 | $1,174.85 | $117.49 | $82.24 | $35.25 | 24 |
| USDC | 272.323008 | $272.29 | $247.54 | $24.75 | $17.33 | $7.43 | 30 |
| cbETH | 0.058276 | $160.94 | $146.31 | $14.63 | $10.24 | $4.39 | 3 |
| wstETH | 0.030088 | $89.79 | $81.63 | $8.16 | $5.71 | $2.45 | 2 |
| VVV | 2.958770 | $66.92 | $60.83 | $6.08 | $4.26 | $1.83 | 1 |
| WELL | 15,959.387100 | $35.29 | $32.09 | $3.21 | $2.25 | $0.96 | 13 |
| AERO | 39.756245 | $31.34 | $28.49 | $2.85 | $1.99 | $0.85 | 5 |
| MORPHO | 9.184490 | $21.69 | $19.72 | $1.97 | $1.38 | $0.59 | 2 |
| USDS | 7.907720 | $7.91 | $7.19 | $0.72 | $0.50 | $0.22 | 1 |
| DAI | 3.006840 | $3.01 | $2.73 | $0.27 | $0.19 | $0.08 | 2 |
| WETH | 0.001221 | $2.94 | $2.68 | $0.27 | $0.19 | $0.08 | 23 |
| EURC | 1.308242 | $1.47 | $1.34 | $0.13 | $0.09 | $0.04 | 3 |
| wrsETH | 0.000237 | $0.62 | $0.56 | $0.06 | $0.04 | $0.02 | 1 |
| cbBTC | 0.000007 | $0.60 | $0.55 | $0.05 | $0.04 | $0.02 | 2 |
| cbXRP | 0.236224 | $0.31 | $0.28 | $0.03 | $0.02 | $0.01 | 1 |
| tBTC | 0.000001 | $0.06 | $0.05 | $0.01 | $0.00 | $0.00 | 2 |
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 | N/A | N/A | 99.98% |
| USDC | 34.00M | 36.40M | 0.38% | 0.42% | 84.63% |
| DAI | 0.00 | 0.00 | N/A | N/A | 69.92% |
| USDT | 18.40M | 10.00M | 0.08% | 0.23% | 61.09% |
| USDT0 | 8.00M | 10.00M | 0.13% | 0.25% | 41.29% |
| rETH | 0.00 | 0.00 | N/A | N/A | 15.85% |
| WETH | 30.00K | 32.00K | 0.05% | 0.33% | 15.39% |
| WBTC | 0.00 | 0.00 | N/A | N/A | 13.41% |
| OP | 0.00 | 0.00 | N/A | N/A | 13.18% |
| VELO | 0.00 | 0.00 | N/A | N/A | 7.15% |
| wstETH | 0.00 | 5.00K | N/A | 0.78% | 5.61% |
| weETH | 0.00 | 0.00 | N/A | N/A | 2.73% |
| wrsETH | 0.00 | 0.00 | N/A | N/A | 0.38% |
Bad Debt & Reserves
| Market | Gross exposure (USD) | Gross exposure (tokens) | Reserves (USD) | Reserves (tokens) |
|---|---|---|---|---|
| rETH | $5,794.00 | 2.04650387 | $8.41 | 0.003 |
| cbETH | $529.00 | 0.19228614 | $25.34 | 0.0093 |
| WETH | $88.00 | 0.03629112 | $15.51 | 0.0065 |
| VELO | $51.00 | 1470.46577858 | $76.06 | 2237.0303 |
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 | -5% from 130.37K USDC to 123.70K USDC | -12% from 157.44K USDC to 138.01K USDC | +8% from 82.81% to 89.63% |
| DAI | +0% from 12.33K DAI to 12.34K DAI | +0% from 17.64K DAI to 17.65K DAI | +0% from 69.91% to 69.92% |
| USDT | +15% from 13.80K USDT to 15.81K USDT | +0% from 22.74K USDT to 22.76K USDT | +15% from 60.66% to 69.47% |
| USDT0 | +12% from 10.10K USDT0 to 11.36K USDT0 | -1% from 24.72K USDT0 to 24.56K USDT0 | +13% from 40.86% to 46.24% |
| rETH | 0% from 2.05 rETH to 2.05 rETH | 0% from 12.93 rETH to 12.93 rETH | 0% from 15.85% to 15.85% |
| WETH | +291% from 14.50 WETH to 56.75 WETH | -5% from 108.40 WETH to 102.63 WETH | +313% from 13.38% to 55.29% |
| WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 0.00 WBTC to 0.00 WBTC | 0% from 13.41% to 13.41% |
| OP | -97% from 75.04K OP to 2.10K OP | -3% from 422.79K OP to 409.51K OP | -97% from 17.75% to 0.51% |
| VELO | -68% from 469.28K VELO to 148.71K VELO | -8% from 6.26M VELO to 5.73M VELO | -65% from 7.50% to 2.60% |
| wstETH | +0% from 2.11 wstETH to 2.11 wstETH | +138% from 36.49 wstETH to 86.78 wstETH | -58% from 5.79% to 2.43% |
| weETH | -8% from 0.21 weETH to 0.19 weETH | 0% from 7.07 weETH to 7.07 weETH | -9% from 2.91% to 2.66% |
| wrsETH | 0% from 0.00 wrsETH to 0.00 wrsETH | -7% from 1.05 wrsETH to 0.98 wrsETH | +7% from 0.36% to 0.39% |
Notable Trends
- wstETH supply +138% (36.49 → 86.78 wstETH)
- WETH borrows +291% (14.50 → 56.75 WETH)
- USDC supply -12% (157.44K → 138.01K USDC)
- VELO supply -8% (6.26M → 5.73M VELO)
Liquidations
- Total liquidations: 12
- Total Collateral Seized (USD): $284.83
- Total Debt Repaid (USD): $258.93
- Total Liquidation Bonus (USD): $25.89
- Total Liquidator Bonus (USD): $18.13
- Total Protocol Bonus (USD): $7.77
| Asset | Total Seized (Tokens) | Total Seized (USD) | Debt Repaid (USD) | Liquidation Bonus (USD) | Liquidator Bonus (USD) | Protocol Bonus (USD) | Liquidation Count |
|---|---|---|---|---|---|---|---|
| wrsETH | 0.075378 | $196.23 | $178.39 | $17.84 | $12.49 | $5.35 | 5 |
| OP | 728.213474 | $87.72 | $79.75 | $7.97 | $5.58 | $2.39 | 3 |
| DAI | 0.528494 | $0.53 | $0.48 | $0.05 | $0.03 | $0.01 | 1 |
| USDT0 | 0.213768 | $0.21 | $0.19 | $0.02 | $0.01 | $0.01 | 2 |
| VELO | 3.727430 | $0.13 | $0.12 | $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 |
|---|---|---|---|---|---|
| USDT | 180.00M | 200.00M | 0.05% | 0.06% | 79.51% |
| USDC | 180.00M | 200.00M | 0.11% | 0.12% | 77.63% |
| WETH | 20.00K | 30.00K | 2.05% | 1.94% | 70.47% |
| cbBTC | 600.00 | 1.00K | 0.46% | 0.48% | 56.96% |
Week-over-Week Changes
| Asset | Total Borrow | Total Supply | Utilization |
|---|---|---|---|
| USDT | +0% from 98.08K USDT to 98.35K USDT | +1% from 123.37K USDT to 124.56K USDT | -1% from 79.50% to 78.96% |
| USDC | +80% from 133.35K USDC to 239.95K USDC | +71% from 163.88K USDC to 280.44K USDC | +5% from 81.37% to 85.56% |
| WETH | +11% from 386.59 WETH to 428.22 WETH | +9% from 552.63 WETH to 603.59 WETH | +1% from 69.96% to 70.94% |
| cbBTC | +11% from 2.51 cbBTC to 2.78 cbBTC | +27% from 4.36 cbBTC to 5.55 cbBTC | -13% from 57.59% to 50.13% |
Notable Trends
- WETH supply +9% (552.63 → 603.59 WETH)
- USDC supply +71% (163.88K → 280.44K USDC)
- USDC borrows +80% (133.35K → 239.95K USDC)