[Anthias Labs] Weekly Market Updates

AnthiasLabs · April 10, 2026, 2:44am

Weekly Update (4/3/26 - 4/9/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/3/26 to 4/9/26. 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
WETH	64.00K	96.00K	5.22%	4.30%	80.86%
USDS	690.00K	750.00K	1.22%	1.48%	75.70%
USDC	184.00M	200.00M	6.78%	9.30%	67.13%
EURC	21.00M	21.90M	2.70%	4.10%	63.28%
VIRTUAL	10.00K	4.50M	21.57K%	82.90%	57.82%
cbXRP	1.60M	5.00M	83.72%	58.32%	45.94%
DAI	300.00K	400.00K	3.44%	5.63%	45.80%
cbETH	0.00	4.00K	0.00%	41.33%	45.40%
MAMO	3.00M	20.00M	20.21%	13.73%	22.62%
tBTC	5.00	50.00	3.92%	1.84%	21.27%
AERO	7.50M	70.00M	41.95%	23.19%	19.39%
wstETH	500.00	14.40K	30.63%	6.12%	17.39%
cbBTC	90.00	1.50K	22.13%	8.30%	15.99%
WELL	34.00M	250.00M	71.42%	86.49%	11.23%
USDbC	1.00	1.00	91.39K%	818.31K%	11.17%
LBTC	10.00	95.00	26.96%	58.42%	4.86%
MORPHO	100.00K	6.00M	215.55%	94.34%	3.81%
rETH	200.00	2.60K	7.19%	29.19%	1.89%
weETH	200.00	5.40K	0.20%	1.45%	0.52%
wrsETH	0.00	1.00	0.00%	3.52K%	0.04%
VVV	0.00	170.00K	0.00%	38.07%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,811,872.65	726.82069313	$146,484.07	58.5529
cbXRP	$1,734,091.39	1273820.707148	$710,702.10	522575.0725
VIRTUAL	$1,465,400.22	2155722.04694553	$641,251.89	950002.8026
WETH	$534,947.74	241.79393611	$161,085.24	72.5518
USDC	$310,361.82	310389.731307	$137,941.21	137941.2135
wstETH	$223,406.77	82.0027733	$97,363.48	35.6112
MORPHO	$221,413.54	119506.94205884	$27,086.17	14672.8961
EURC	$194,802.59	166743.385608	$29,061.15	24881.1231
AERO	$168,226.06	468886.68717855	$103,228.07	293261.5689
cbBTC	$22,590.68	0.3123568	$128,318.72	1.7729
DAI	$1,525.75	1525.97491479	$1,928.40	1928.4011
USDS	$1,174.47	1174.98890767	$156.89	156.8937
tBTC	$874.76	0.01210016	$6,331.01	0.0877
WELL	$102.52	23509.59356337	$11,327.38	2831844.8767
weETH	$8.02	0.00331787	$17,093.67	7.0507
rETH	$2.42	0.00094252	$10,785.86	4.184
LBTC	$1.14	0.00001576	$15,369.85	0.2116
wrsETH	$1.11	0.00047018	$2,787.47	1.1744
MAMO	$0.59	44.49251199	$253.60	19507.8032
USDbC	$0.03	0.033568	$2.71	2.7091

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	+5% from 3.22K WETH to 3.36K WETH	+4% from 4.10K WETH to 4.27K WETH	+0% from 78.41% to 78.62%
USDS	-1% from 8.40K USDS to 8.35K USDS	+16% from 9.65K USDS to 11.15K USDS	-14% from 87.09% to 74.88%
USDC	-0% from 12.46M USDC to 12.45M USDC	+22% from 15.00M USDC to 18.36M USDC	-18% from 83.05% to 67.82%
EURC	+21% from 548.63K EURC to 666.43K EURC	-9% from 970.49K EURC to 880.25K EURC	+34% from 56.53% to 75.71%
VIRTUAL	+1% from 2.15M VIRTUAL to 2.17M VIRTUAL	+1% from 3.72M VIRTUAL to 3.78M VIRTUAL	-0% from 57.68% to 57.42%
cbXRP	+1% from 1.33M cbXRP to 1.34M cbXRP	-0% from 2.92M cbXRP to 2.91M cbXRP	+1% from 45.77% to 46.14%
DAI	-0% from 10.31K DAI to 10.31K DAI	+0% from 22.51K DAI to 22.51K DAI	-0% from 45.82% to 45.80%
cbETH	+0% from 749.67 cbETH to 751.07 cbETH	+0% from 1.63K cbETH to 1.63K cbETH	-0% from 45.97% to 45.95%
MAMO	-36% from 645.24K MAMO to 409.88K MAMO	-47% from 3.67M MAMO to 1.96M MAMO	+19% from 17.58% to 20.93%
tBTC	+0% from 0.20 tBTC to 0.20 tBTC	+0% from 0.92 tBTC to 0.92 tBTC	+0% from 21.26% to 21.32%
AERO	+24% from 2.74M AERO to 3.39M AERO	+2% from 16.24M AERO to 16.62M AERO	+21% from 16.89% to 20.41%
wstETH	-0% from 153.25 wstETH to 153.01 wstETH	+4% from 873.87 wstETH to 908.73 wstETH	-4% from 17.54% to 16.84%
cbBTC	-9% from 20.52 cbBTC to 18.74 cbBTC	+1% from 122.46 cbBTC to 124.13 cbBTC	-10% from 16.76% to 15.10%
WELL	-9% from 26.03M WELL to 23.68M WELL	+1% from 215.04M WELL to 218.16M WELL	-10% from 12.11% to 10.85%
USDbC	+0% from 913.87 USDbC to 913.93 USDbC	+0% from 8.18K USDbC to 8.18K USDbC	+0% from 11.17% to 11.17%
LBTC	+4% from 2.59 LBTC to 2.70 LBTC	+0% from 55.44 LBTC to 55.47 LBTC	+4% from 4.67% to 4.87%
MORPHO	+0% from 215.53K MORPHO to 215.57K MORPHO	+0% from 5.66M MORPHO to 5.66M MORPHO	+0% from 3.81% to 3.81%
rETH	-1% from 14.47 rETH to 14.34 rETH	+0% from 758.92 rETH to 759.83 rETH	-1% from 1.91% to 1.89%
weETH	-46% from 0.63 weETH to 0.34 weETH	+2% from 77.79 weETH to 79.50 weETH	-47% from 0.81% to 0.43%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 35.24 wrsETH to 35.24 wrsETH	+0% from 0.04% to 0.04%
VVV	+3% from 0.09 VVV to 0.10 VVV	-1% from 65.17K VVV to 64.53K VVV	+4% from 0.00% to 0.00%

Notable Trends

USDC supply +22% (15.00M → 18.36M USDC)
AERO borrows +24% (2.74M → 3.39M AERO)
EURC borrows +21% (548.63K → 666.43K EURC)

Liquidations

Total liquidations: 132
Total Collateral Seized (USD): $1,798.70
Total Debt Repaid (USD): $1,635.18
Total Liquidation Bonus (USD): $163.52
Total Liquidator Bonus (USD): $114.46
Total Protocol Bonus (USD): $49.06

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
AERO	4,684.360780	$1,460.48	$1,327.71	$132.77	$92.94	$39.83	5
WETH	0.090073	$195.30	$177.54	$17.75	$12.43	$5.33	59
USDC	138.943561	$138.93	$126.30	$12.63	$8.84	$3.79	40
VIRTUAL	3.184188	$1.96	$1.78	$0.18	$0.12	$0.05	2
cbETH	0.000365	$0.84	$0.76	$0.08	$0.05	$0.02	3
EURC	0.481620	$0.55	$0.50	$0.05	$0.04	$0.02	8
wstETH	0.000154	$0.39	$0.35	$0.04	$0.02	$0.01	1
cbXRP	0.131145	$0.18	$0.16	$0.02	$0.01	$0.00	1
cbBTC	0.000001	$0.05	$0.05	$0.00	$0.00	$0.00	1
rETH	0.000011	$0.03	$0.02	$0.00	$0.00	$0.00	12

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%	99.45%
WETH	30.00K	32.00K	3.37%	4.28%	73.64%
DAI	4.50M	4.80M	0.64%	0.82%	73.18%
USDT0	8.00M	10.00M	0.50%	0.62%	64.40%
USDC	34.00M	36.40M	1.01%	1.88%	49.97%
USDT	18.40M	22.60M	0.27%	0.52%	41.59%
OP	650.00K	5.60M	51.59%	15.49%	38.67%
rETH	150.00	750.00	1.55%	2.29%	13.50%
WBTC	0.00	0.00	0.00%	0.00%	9.47%
VELO	6.00M	80.00M	27.25%	39.77%	5.14%
wstETH	300.00	5.00K	1.35%	2.35%	3.45%
weETH	0.00	0.00	0.00%	0.00%	3.08%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$5,917.00	2.31739253	$704.13	0.2718
wstETH	$3,784.00	1.39714142	$5,841.86	2.1263
cbETH	$267.00	0.10794091	$2.01	0.0008
VELO	$22.00	1451.51745423	$7,601.99	542999.2301

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.11 cbETH to 0.11 cbETH	0% from 0.11 cbETH to 0.11 cbETH	0% from 99.45% to 99.45%
WETH	-1% from 1.01K WETH to 1.01K WETH	-1% from 1.38K WETH to 1.37K WETH	+0% from 73.54% to 73.54%
DAI	+0% from 28.74K DAI to 28.77K DAI	-0% from 39.37K DAI to 39.28K DAI	+0% from 73.01% to 73.24%
USDT0	+0% from 40.07K USDT0 to 40.11K USDT0	-1% from 62.49K USDT0 to 62.14K USDT0	+1% from 64.12% to 64.54%
USDC	+1% from 338.42K USDC to 342.69K USDC	+2% from 677.88K USDC to 694.47K USDC	-1% from 49.92% to 49.35%
USDT	+0% from 48.79K USDT to 48.82K USDT	+0% from 117.33K USDT to 117.34K USDT	+0% from 41.59% to 41.60%
OP	+21% from 300.05K OP to 361.85K OP	-0% from 870.53K OP to 866.25K OP	+21% from 34.47% to 41.77%
rETH	+0% from 2.32 rETH to 2.32 rETH	-4% from 17.68 rETH to 17.01 rETH	+4% from 13.12% to 13.64%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	+0% from 9.44% to 9.48%
VELO	-0% from 1.64M VELO to 1.63M VELO	+2% from 31.36M VELO to 32.08M VELO	-2% from 5.21% to 5.10%
wstETH	+5% from 3.89 wstETH to 4.06 wstETH	-11% from 121.93 wstETH to 109.13 wstETH	+17% from 3.19% to 3.72%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 41.78 weETH to 41.78 weETH	0% from 3.08% to 3.08%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.48 wrsETH to 12.48 wrsETH	0% from 2.22% to 2.22%

Notable Trends

wstETH supply -11% (121.93 → 109.13 wstETH)
OP borrows +21% (300.05K → 361.85K OP)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $4.49
Total Debt Repaid (USD): $4.09
Total Liquidation Bonus (USD): $0.41
Total Liquidator Bonus (USD): $0.29
Total Protocol Bonus (USD): $0.12

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VELO	340.975000	$4.49	$4.09	$0.41	$0.29	$0.12	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	12234.99M%	76.26%
xcDOT	0.10	3.29M%	48.10%
FRAX	0.10	134.16K%	46.50%
xcUSDC	0.10	8.79M%	18.75%
xcUSDT	0.10	12.05M%	15.41%
USDC.wh	0.10	8.10M%	8.58%
ETH.wh	0.10	846.30%	3.36%
BTC.wh	0.10	1.28%	0.12%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$136,953.00	12307238.1462746	$46,749.93	4256464.7992

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+3% from 12.07M GLMR to 12.41M GLMR	+2% from 15.89M GLMR to 16.26M GLMR	+1% from 75.93% to 76.32%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	+1% from 1.07M xcDOT to 1.08M xcDOT	-1% from 48.29% to 47.86%
FRAX	+0% from 134.16 FRAX to 134.16 FRAX	-0% from 38.70K FRAX to 38.69K FRAX	+0% from 46.49% to 46.51%
xcUSDC	+0% from 8.79K xcUSDC to 8.79K xcUSDC	-16% from 50.50K xcUSDC to 42.53K xcUSDC	+19% from 17.40% to 20.67%
xcUSDT	+0% from 12.04K xcUSDT to 12.05K xcUSDT	-1% from 78.61K xcUSDT to 78.01K xcUSDT	+1% from 15.32% to 15.44%
USDC.wh	+0% from 8.10K USDC.wh to 8.10K USDC.wh	+0% from 94.36K USDC.wh to 94.36K USDC.wh	+0% from 8.58% to 8.58%
ETH.wh	0% from 0.85 ETH.wh to 0.85 ETH.wh	0% from 25.18 ETH.wh to 25.18 ETH.wh	0% from 3.36% to 3.36%
BTC.wh	+125% from 0.00 BTC.wh to 0.00 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	+127% from 0.08% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · April 17, 2026, 3:04am

Weekly Update (4/10/26 - 4/16/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/10/26 to 4/16/26. 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
WETH	64.00K	96.00K	5.38%	4.39%	81.77%
USDS	690.00K	750.00K	1.21%	1.51%	73.65%
EURC	21.00M	21.90M	3.03%	4.12%	70.58%
USDC	184.00M	200.00M	6.75%	9.02%	69.14%
VIRTUAL	10.00K	4.50M	21.78K%	84.74%	57.11%
DAI	300.00K	400.00K	3.56%	5.63%	47.47%
cbETH	0.00	4.00K	0.00%	40.38%	46.69%
cbXRP	1.60M	5.00M	84.54%	58.26%	46.44%
MAMO	3.00M	20.00M	13.21%	7.80%	25.47%
AERO	7.50M	70.00M	44.99%	23.68%	20.37%
wstETH	500.00	14.40K	31.34%	6.39%	17.11%
cbBTC	90.00	1.50K	22.93%	8.22%	16.73%
WELL	34.00M	250.00M	69.37%	73.18%	13.07%
USDbC	1.00	1.00	91.40K%	818.32K%	11.17%
tBTC	5.00	50.00	1.68%	1.79%	9.32%
LBTC	10.00	95.00	27.10%	58.39%	4.89%
MORPHO	100.00K	6.00M	215.58%	94.37%	3.81%
rETH	200.00	2.60K	7.17%	29.22%	1.89%
weETH	200.00	5.40K	0.17%	1.47%	0.43%
wrsETH	0.00	1.00	0.00%	3.37K%	0.04%
VVV	0.00	170.00K	0.00%	37.95%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,917,260.92	728.78154077	$156,970.64	59.2584
cbXRP	$1,824,010.15	1275766.384971	$759,828.60	523297.9367
VIRTUAL	$1,577,042.21	2175561.04796	$707,256.25	957044.9955
WETH	$564,256.64	241.82416565	$170,649.31	72.6345
USDC	$310,672.13	310703.185148	$139,414.92	139414.9178
wstETH	$235,935.35	82.02033934	$103,158.77	35.6164
MORPHO	$213,914.83	119528.28883736	$26,428.85	14690.8547
EURC	$196,552.21	166885.484698	$29,434.16	24944.2039
AERO	$186,239.95	469322.99631946	$120,740.57	294489.2029
cbBTC	$23,349.21	0.31242049	$133,148.23	1.7733
DAI	$1,526.44	1526.59782692	$1,932.78	1932.7778
USDS	$1,169.79	1170.2506395	$157.78	157.7817
tBTC	$906.52	0.01210206	$6,569.28	0.0877
WELL	$103.62	23523.25805297	$11,341.24	2835309.032
weETH	$8.46	0.00331792	$18,094.73	7.0507
rETH	$2.56	0.00094254	$11,417.74	4.1841
LBTC	$1.18	0.00001576	$15,946.16	0.2116
wrsETH	$1.17	0.00047018	$2,950.92	1.1744
MAMO	$0.59	44.58587885	$256.97	19766.5649
USDbC	$0.03	0.033573	$2.82	2.8236

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	+6% from 3.31K WETH to 3.52K WETH	-4% from 4.27K WETH to 4.10K WETH	+11% from 77.52% to 85.91%
USDS	+0% from 8.35K USDS to 8.35K USDS	+6% from 11.15K USDS to 11.76K USDS	-5% from 74.88% to 70.99%
EURC	-17% from 666.44K EURC to 549.83K EURC	-1% from 877.76K EURC to 870.56K EURC	-17% from 75.93% to 63.16%
USDC	+0% from 12.46M USDC to 12.50M USDC	-0% from 17.21M USDC to 17.16M USDC	+1% from 72.42% to 72.86%
VIRTUAL	+1% from 2.17M VIRTUAL to 2.19M VIRTUAL	+2% from 3.78M VIRTUAL to 3.86M VIRTUAL	-1% from 57.42% to 56.68%
DAI	+12% from 10.31K DAI to 11.55K DAI	+0% from 22.51K DAI to 22.52K DAI	+12% from 45.80% to 51.29%
cbETH	+0% from 751.10 cbETH to 753.07 cbETH	+12% from 1.53K cbETH to 1.71K cbETH	-10% from 49.11% to 44.13%
cbXRP	+3% from 1.34M cbXRP to 1.38M cbXRP	-2% from 2.91M cbXRP to 2.86M cbXRP	+5% from 46.08% to 48.33%
MAMO	-26% from 409.90K MAMO to 305.20K MAMO	-22% from 1.96M MAMO to 1.53M MAMO	-4% from 20.87% to 19.97%
AERO	-5% from 3.40M AERO to 3.24M AERO	+2% from 16.62M AERO to 16.96M AERO	-7% from 20.46% to 19.12%
wstETH	+0% from 153.01 wstETH to 153.05 wstETH	-8% from 947.63 wstETH to 872.85 wstETH	+9% from 16.15% to 17.53%
cbBTC	-10% from 20.75 cbBTC to 18.69 cbBTC	-0% from 124.13 cbBTC to 124.03 cbBTC	-10% from 16.72% to 15.07%
WELL	-2% from 23.68M WELL to 23.18M WELL	-24% from 218.17M WELL to 166.53M WELL	+28% from 10.85% to 13.92%
USDbC	+0% from 913.93 USDbC to 914.04 USDbC	-0% from 8.18K USDbC to 8.18K USDbC	+0% from 11.17% to 11.17%
tBTC	-70% from 0.20 tBTC to 0.06 tBTC	-4% from 0.92 tBTC to 0.88 tBTC	-69% from 21.32% to 6.57%
LBTC	-0% from 2.73 LBTC to 2.73 LBTC	+0% from 55.47 LBTC to 55.49 LBTC	-0% from 4.92% to 4.92%
MORPHO	+0% from 215.57K MORPHO to 215.60K MORPHO	+0% from 5.66M MORPHO to 5.66M MORPHO	+0% from 3.81% to 3.81%
rETH	+0% from 14.34 rETH to 14.34 rETH	+0% from 759.83 rETH to 760.06 rETH	-0% from 1.89% to 1.89%
weETH	0% from 0.34 weETH to 0.34 weETH	+0% from 79.50 weETH to 79.55 weETH	-0% from 0.43% to 0.43%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-6% from 35.24 wrsETH to 33.23 wrsETH	+6% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	-0% from 64.53K VVV to 64.51K VVV	0% from 0.00% to 0.00%

Notable Trends

WETH borrows +6% (3.31K → 3.52K WETH)
cbETH supply +12% (1.53K → 1.71K cbETH)
WETH supply -4% (4.27K → 4.10K WETH)
wstETH supply -8% (947.63 → 872.85 wstETH)
WELL supply -24% (218.17M → 166.53M WELL)
cbBTC borrows -10% (20.75 → 18.69 cbBTC)

Liquidations

Total liquidations: 268
Total Collateral Seized (USD): $32,325.74
Total Debt Repaid (USD): $29,387.04
Total Liquidation Bonus (USD): $2,938.70
Total Liquidator Bonus (USD): $2,057.09
Total Protocol Bonus (USD): $881.61

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbETH	9.797892	$24,227.93	$22,025.39	$2,202.54	$1,541.78	$660.76	144
USDC	6,330.232484	$6,329.11	$5,753.74	$575.37	$402.76	$172.61	14
AERO	3,773.349726	$1,394.81	$1,268.01	$126.80	$88.76	$38.04	73
MORPHO	156.732000	$265.60	$241.45	$24.15	$16.90	$7.24	1
WETH	0.045201	$102.63	$93.30	$9.33	$6.53	$2.80	29
VIRTUAL	8.416070	$5.65	$5.13	$0.51	$0.36	$0.15	1
wstETH	0.000003	$0.01	$0.01	$0.00	$0.00	$0.00	6

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%	99.87%
WETH	30.00K	32.00K	3.36%	4.27%	73.68%
DAI	4.50M	4.80M	0.64%	0.82%	72.99%
USDT0	8.00M	10.00M	0.50%	0.62%	64.58%
USDC	34.00M	36.40M	0.93%	1.82%	47.37%
USDT	18.40M	22.60M	0.27%	0.51%	42.94%
OP	650.00K	5.60M	49.49%	15.50%	37.07%
rETH	150.00	750.00	1.55%	2.27%	13.64%
WBTC	0.00	0.00	0.00%	0.00%	9.48%
VELO	6.00M	80.00M	26.91%	40.48%	4.99%
wstETH	300.00	5.00K	1.52%	2.20%	4.14%
weETH	0.00	0.00	0.00%	0.00%	3.09%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$6,306.00	2.31768404	$741.25	0.2719
wstETH	$4,032.00	1.3972231	$6,148.00	2.1263
cbETH	$371.00	0.14039158	$10.85	0.0041
VELO	$23.00	1452.13113827	$8,147.88	543192.0918

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+30% from 0.11 cbETH to 0.14 cbETH	+29% from 0.11 cbETH to 0.14 cbETH	+1% from 99.45% to 99.99%
WETH	+0% from 1.01K WETH to 1.01K WETH	-0% from 1.37K WETH to 1.37K WETH	+0% from 73.54% to 73.84%
DAI	-0% from 28.77K DAI to 28.74K DAI	+1% from 39.28K DAI to 39.74K DAI	-1% from 73.24% to 72.34%
USDT0	+0% from 40.11K USDT0 to 40.14K USDT0	-0% from 62.14K USDT0 to 62.07K USDT0	+0% from 64.54% to 64.66%
USDC	-1% from 342.69K USDC to 340.52K USDC	-2% from 696.46K USDC to 683.40K USDC	+1% from 49.20% to 49.83%
USDT	+1% from 48.82K USDT to 49.27K USDT	-11% from 117.34K USDT to 104.68K USDT	+13% from 41.60% to 47.06%
OP	-4% from 361.85K OP to 347.31K OP	-0% from 866.25K OP to 865.11K OP	-4% from 41.77% to 40.15%
rETH	+0% from 2.32 rETH to 2.32 rETH	-0% from 17.01 rETH to 17.00 rETH	+0% from 13.64% to 13.65%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	+0% from 9.48% to 9.48%
VELO	-1% from 1.63M VELO to 1.62M VELO	+2% from 32.08M VELO to 32.65M VELO	-2% from 5.10% to 4.97%
wstETH	+13% from 4.06 wstETH to 4.60 wstETH	+2% from 109.13 wstETH to 111.43 wstETH	+11% from 3.72% to 4.12%
weETH	+0% from 1.29 weETH to 1.29 weETH	+0% from 41.78 weETH to 41.79 weETH	+0% from 3.08% to 3.09%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.48 wrsETH to 12.48 wrsETH	0% from 2.22% to 2.22%

Notable Trends

USDT supply -11% (117.34K → 104.68K USDT)

Liquidations

Total liquidations: 3
Total Collateral Seized (USD): $299.32
Total Debt Repaid (USD): $272.11
Total Liquidation Bonus (USD): $27.21
Total Liquidator Bonus (USD): $19.05
Total Protocol Bonus (USD): $8.16

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
OP	2,055.905800	$230.08	$209.16	$20.92	$14.64	$6.27	2
USDC	69.254100	$69.25	$62.95	$6.30	$4.41	$1.89	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	12567.10M%	76.76%
xcDOT	0.10	3.29M%	48.06%
FRAX	0.10	134.16K%	47.44%
xcUSDC	0.10	8.80M%	20.70%
xcUSDT	0.10	12.05M%	15.45%
USDC.wh	0.10	7.98M%	8.45%
ETH.wh	0.10	841.12%	3.34%
BTC.wh	0.10	1.80%	0.17%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$150,393.00	12650730.99959175	$48,509.25	4429606.125

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+3% from 12.41M GLMR to 12.75M GLMR	+2% from 16.26M GLMR to 16.60M GLMR	+1% from 76.32% to 76.83%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	-0% from 1.08M xcDOT to 1.07M xcDOT	+0% from 47.86% to 48.08%
FRAX	+0% from 134.16 FRAX to 134.16 FRAX	-3% from 38.69K FRAX to 37.59K FRAX	+3% from 46.51% to 47.86%
xcUSDC	+0% from 8.79K xcUSDC to 8.80K xcUSDC	-0% from 42.53K xcUSDC to 42.46K xcUSDC	+0% from 20.67% to 20.73%
xcUSDT	+0% from 12.05K xcUSDT to 12.05K xcUSDT	+0% from 78.01K xcUSDT to 78.02K xcUSDT	+0% from 15.44% to 15.45%
USDC.wh	-3% from 8.10K USDC.wh to 7.84K USDC.wh	+0% from 94.36K USDC.wh to 94.37K USDC.wh	-3% from 8.58% to 8.31%
ETH.wh	-1% from 0.85 ETH.wh to 0.84 ETH.wh	+0% from 25.18 ETH.wh to 25.18 ETH.wh	-1% from 3.36% to 3.32%
BTC.wh	0% from 0.00 BTC.wh to 0.00 BTC.wh	+0% from 1.03 BTC.wh to 1.03 BTC.wh	+0% from 0.17% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · April 23, 2026, 9:58pm

Weekly Update (4/17/26 - 4/23/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/17/26 to 4/23/26. 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
WETH	64.00K	96.00K	5.50%	4.25%	86.36%
USDC	184.00M	200.00M	6.70%	7.80%	79.92%
USDS	690.00K	750.00K	1.21%	1.56%	71.52%
VIRTUAL	10.00K	4.50M	21.97K%	86.28%	56.58%
EURC	21.00M	21.90M	2.58%	4.65%	53.53%
DAI	300.00K	400.00K	3.82%	5.63%	50.85%
cbXRP	1.60M	5.00M	84.56%	57.52%	47.04%
cbETH	0.00	4.00K	0.00%	40.77%	46.24%
AERO	7.50M	70.00M	42.22%	21.92%	20.66%
cbBTC	90.00	1.50K	24.78%	8.22%	18.10%
wstETH	0.00	14.40K	0.00%	6.58%	16.12%
MAMO	3.00M	20.00M	8.17%	7.64%	16.03%
WELL	34.00M	250.00M	73.11%	66.21%	15.02%
USDbC	1.00	1.00	91.41K%	812.29K%	11.25%
tBTC	5.00	50.00	1.16%	1.75%	6.66%
LBTC	10.00	95.00	33.46%	58.41%	6.03%
MORPHO	100.00K	6.00M	215.62%	94.30%	3.81%
rETH	0.00	2.60K	0.00%	29.21%	1.89%
weETH	0.00	0.00	0.00%	0.00%	0.45%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	37.96%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,904,998.00	730.49767272	$156,297.69	59.6026
cbXRP	$1,831,840.48	1277559.200844	$742,928.58	524296.8097
VIRTUAL	$1,504,161.86	2192139.21768977	$658,564.22	962813.19
WETH	$560,023.11	241.87774151	$169,558.86	72.8238
USDC	$311,105.02	311188.280347	$141,380.05	141380.0545
wstETH	$233,532.50	82.03560175	$101,964.96	35.6205
MORPHO	$226,898.64	119547.60261181	$27,594.96	14709.468
AERO	$206,602.29	469741.08101913	$121,835.02	295716.0726
EURC	$195,081.08	166971.589808	$29,169.93	24974.2531
cbBTC	$24,383.02	0.31248539	$137,786.86	1.7737
DAI	$1,526.93	1527.16010047	$1,937.08	1937.0835
USDS	$1,049.97	1050.51144067	$158.32	158.482
tBTC	$943.20	0.01210335	$6,782.53	0.0877
WELL	$101.47	23537.65494111	$11,355.63	2838907.8114
weETH	$8.37	0.00331796	$17,870.53	7.0507
rETH	$2.54	0.00094256	$11,320.35	4.1842
LBTC	$1.23	0.00001576	$16,499.06	0.2116
wrsETH	$1.17	0.00047018	$2,924.75	1.1744
MAMO	$0.57	44.6439036	$258.25	19865.6819
USDbC	$0.03	0.033575	$2.88	2.8752

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	+1% from 3.52K WETH to 3.56K WETH	-1% from 4.10K WETH to 4.05K WETH	+2% from 85.83% to 87.90%
USDC	+1% from 12.51M USDC to 12.60M USDC	-7% from 17.17M USDC to 15.88M USDC	+9% from 72.84% to 79.29%
USDS	+0% from 8.35K USDS to 8.36K USDS	-1% from 11.76K USDS to 11.64K USDS	+1% from 70.99% to 71.82%
VIRTUAL	+1% from 2.19M VIRTUAL to 2.21M VIRTUAL	-1% from 3.86M VIRTUAL to 3.83M VIRTUAL	+2% from 56.67% to 57.56%
EURC	-1% from 549.84K EURC to 542.13K EURC	+29% from 871.35K EURC to 1.12M EURC	-23% from 63.10% to 48.37%
DAI	-7% from 11.55K DAI to 10.77K DAI	+0% from 22.52K DAI to 22.52K DAI	-7% from 51.29% to 47.82%
cbXRP	-3% from 1.38M cbXRP to 1.34M cbXRP	+0% from 2.86M cbXRP to 2.87M cbXRP	-3% from 48.19% to 46.76%
cbETH	+0% from 753.08 cbETH to 754.46 cbETH	-3% from 1.71K cbETH to 1.65K cbETH	+3% from 44.13% to 45.67%
AERO	-1% from 3.24M AERO to 3.21M AERO	-5% from 16.96M AERO to 16.07M AERO	+4% from 19.11% to 19.95%
cbBTC	+8% from 18.69 cbBTC to 20.20 cbBTC	-1% from 124.04 cbBTC to 123.01 cbBTC	+9% from 15.07% to 16.42%
wstETH	-1% from 153.05 wstETH to 151.06 wstETH	+10% from 872.84 wstETH to 962.65 wstETH	-11% from 17.53% to 15.69%
MAMO	-22% from 305.20K MAMO to 237.83K MAMO	-0% from 1.53M MAMO to 1.52M MAMO	-22% from 19.97% to 15.62%
WELL	+8% from 23.18M WELL to 25.01M WELL	-1% from 166.53M WELL to 165.54M WELL	+9% from 13.92% to 15.11%
USDbC	+0% from 914.04 USDbC to 914.10 USDbC	-1% from 8.18K USDbC to 8.11K USDbC	+1% from 11.17% to 11.27%
tBTC	+0% from 0.06 tBTC to 0.06 tBTC	-5% from 0.88 tBTC to 0.83 tBTC	+6% from 6.57% to 6.97%
LBTC	+45% from 2.73 LBTC to 3.95 LBTC	-0% from 55.49 LBTC to 55.46 LBTC	+45% from 4.92% to 7.13%
MORPHO	+0% from 215.60K MORPHO to 215.64K MORPHO	-0% from 5.66M MORPHO to 5.65M MORPHO	+0% from 3.81% to 3.82%
rETH	+0% from 14.34 rETH to 14.34 rETH	-0% from 759.67 rETH to 759.51 rETH	+0% from 1.89% to 1.89%
weETH	0% from 0.34 weETH to 0.34 weETH	-9% from 79.55 weETH to 72.14 weETH	+10% from 0.43% to 0.47%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	0% from 33.23 wrsETH to 33.23 wrsETH	0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+0% from 64.51K VVV to 64.54K VVV	0% from 0.00% to 0.00%

Notable Trends

USDC supply -7% (17.17M → 15.88M USDC)
AERO supply -5% (16.96M → 16.07M AERO)
EURC supply +29% (871.35K → 1.12M EURC)
wstETH supply +10% (872.84 → 962.65 wstETH)
cbETH supply -3% (1.71K → 1.65K cbETH)
cbBTC borrows +8% (18.69 → 20.20 cbBTC)

Liquidations

Total liquidations: 42
Total Collateral Seized (USD): $26,990.91
Total Debt Repaid (USD): $24,537.19
Total Liquidation Bonus (USD): $2,453.72
Total Liquidator Bonus (USD): $1,717.60
Total Protocol Bonus (USD): $736.12

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbXRP	11,811.090000	$16,836.18	$15,305.62	$1,530.56	$1,071.39	$459.17	3
WETH	2.931022	$6,789.98	$6,172.71	$617.27	$432.09	$185.18	21
USDC	1,706.661864	$1,706.49	$1,551.36	$155.14	$108.59	$46.54	12
AERO	3,952.572000	$1,593.77	$1,448.88	$144.89	$101.42	$43.47	2
cbETH	0.011780	$32.46	$29.51	$2.95	$2.07	$0.89	1
VIRTUAL	30.838400	$22.89	$20.81	$2.08	$1.46	$0.62	2
WELL	2,053.630000	$9.14	$8.31	$0.83	$0.58	$0.25	1

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%	99.99%
DAI	4.50M	4.80M	0.71%	0.85%	77.36%
WETH	30.00K	32.00K	3.02%	4.01%	70.14%
USDT0	0.00	0.00	0.00%	0.00%	68.42%
USDC	34.00M	36.40M	1.07%	1.89%	53.06%
USDT	18.40M	22.60M	0.27%	0.46%	48.09%
OP	650.00K	5.60M	56.08%	15.43%	42.19%
rETH	0.00	750.00	0.00%	2.27%	13.65%
WBTC	0.00	0.00	0.00%	0.00%	9.48%
weETH	0.00	0.00	0.00%	0.00%	8.67%
VELO	6.00M	80.00M	27.52%	43.87%	4.71%
wstETH	0.00	5.00K	0.00%	2.26%	4.06%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$6,204.00	2.31804652	$751.81	0.2719
wstETH	$3,958.00	1.39729042	$6,218.82	2.1263
cbETH	$364.00	0.14039158	$10.99	0.0041
VELO	$24.00	1452.86183218	$8,694.93	543433.2093

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.14 cbETH to 0.14 cbETH	0% from 0.14 cbETH to 0.14 cbETH	0% from 99.99% to 99.99%
DAI	+29% from 28.74K DAI to 37.20K DAI	+15% from 39.74K DAI to 45.64K DAI	+13% from 72.34% to 81.51%
WETH	-41% from 1.01K WETH to 590.94 WETH	-28% from 1.37K WETH to 979.05 WETH	-18% from 73.84% to 60.36%
USDT0	-0% from 40.14K USDT0 to 40.11K USDT0	-10% from 62.07K USDT0 to 56.07K USDT0	+11% from 64.67% to 71.53%
USDC	+7% from 343.90K USDC to 367.84K USDC	-1% from 683.41K USDC to 677.48K USDC	+8% from 50.32% to 54.30%
USDT	+2% from 49.27K USDT to 50.25K USDT	+0% from 104.68K USDT to 104.71K USDT	+2% from 47.06% to 47.99%
OP	+19% from 320.98K OP to 383.15K OP	-0% from 865.11K OP to 862.92K OP	+20% from 37.10% to 44.40%
rETH	+0% from 2.32 rETH to 2.32 rETH	-0% from 17.00 rETH to 16.99 rETH	+0% from 13.65% to 13.66%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.48% to 9.48%
weETH	+0% from 1.29 weETH to 1.29 weETH	-75% from 41.79 weETH to 10.61 weETH	+294% from 3.09% to 12.15%
VELO	+15% from 1.62M VELO to 1.86M VELO	+7% from 32.65M VELO to 35.06M VELO	+7% from 4.97% to 5.31%
wstETH	-0% from 4.60 wstETH to 4.59 wstETH	+3% from 111.43 wstETH to 114.44 wstETH	-3% from 4.12% to 4.01%
wrsETH	+0% from 0.28 wrsETH to 0.28 wrsETH	-0% from 12.48 wrsETH to 12.47 wrsETH	+0% from 2.22% to 2.22%

Notable Trends

WETH borrows -41% (1.01K → 590.94 WETH**)
WETH supply -28% (1.37K → 979.05 WETH)
weETH supply -75% (41.79 → 10.61 weETH**)
VELO supply +7% (32.65M → 35.06M VELO)
USDC borrows +7% (343.90K → 367.84K USDC)
wstETH supply +3% (111.43 → 114.44 wstETH)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $24.05
Total Debt Repaid (USD): $21.87
Total Liquidation Bonus (USD): $2.19
Total Liquidator Bonus (USD): $1.53
Total Protocol Bonus (USD): $0.66

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VELO	1,500.960000	$24.05	$21.87	$2.19	$1.53	$0.66	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	12959.29M%	81.87%
xcDOT	0.10	3.29M%	48.08%
FRAX	0.10	134.16K%	47.86%
xcUSDC	0.10	8.61M%	20.27%
xcUSDT	0.10	12.04M%	15.43%
USDC.wh	0.10	7.84M%	8.31%
ETH.wh	0.10	836.06%	3.32%
BTC.wh	0.10	1.80%	0.17%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$274,534.00	13082606.21126981	$64,829.58	4652785.7323

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+3% from 12.75M GLMR to 13.19M GLMR	-6% from 16.60M GLMR to 15.65M GLMR	+10% from 76.83% to 84.27%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	+0% from 1.07M xcDOT to 1.07M xcDOT	-0% from 48.08% to 48.08%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 47.86% to 47.86%
xcUSDC	-2% from 8.80K xcUSDC to 8.59K xcUSDC	+0% from 42.46K xcUSDC to 42.47K xcUSDC	-2% from 20.73% to 20.23%
xcUSDT	-0% from 12.05K xcUSDT to 12.03K xcUSDT	-0% from 78.02K xcUSDT to 78.01K xcUSDT	-0% from 15.45% to 15.42%
USDC.wh	0% from 7.84K USDC.wh to 7.84K USDC.wh	0% from 94.37K USDC.wh to 94.37K USDC.wh	0% from 8.31% to 8.31%
ETH.wh	+0% from 0.84 ETH.wh to 0.84 ETH.wh	-0% from 25.18 ETH.wh to 25.15 ETH.wh	+0% from 3.32% to 3.33%
BTC.wh	0% from 0.00 BTC.wh to 0.00 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	0% from 0.17% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · April 30, 2026, 8:09pm

Weekly Update (4/24/26 - 4/30/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 4/24/26 to 4/30/26. 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
WETH	64.00K	96.00K	5.26%	4.22%	83.16%
USDC	184.00M	200.00M	6.80%	7.58%	82.55%
USDS	690.00K	750.00K	1.21%	1.52%	73.39%
EURC	21.00M	21.90M	2.58%	4.36%	57.37%
VIRTUAL	10.00K	4.50M	18.12K%	76.36%	51.81%
DAI	300.00K	400.00K	3.62%	5.63%	48.19%
cbETH	0.00	4.00K	0.00%	40.68%	44.86%
cbXRP	1.60M	5.00M	70.27%	53.17%	41.72%
AERO	7.50M	70.00M	53.09%	22.89%	24.85%
MAMO	3.00M	20.00M	11.17%	7.61%	22.01%
wstETH	500.00	14.40K	31.38%	6.17%	17.87%
cbBTC	90.00	1.50K	24.46%	8.52%	17.24%
WELL	34.00M	250.00M	69.22%	66.37%	14.19%
USDbC	1.00	1.00	91.41K%	810.74K%	11.28%
tBTC	5.00	50.00	1.15%	1.67%	6.91%
LBTC	10.00	95.00	30.88%	57.41%	5.63%
MORPHO	100.00K	6.00M	215.66%	94.19%	3.82%
rETH	200.00	2.60K	7.17%	29.21%	1.89%
weETH	0.00	5.40K	0.00%	1.27%	0.49%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	40.11%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,714,568.33	672.47509387	$1,778.22	0.6988
cbXRP	$1,036,072.48	755981.380052	$2,785.17	2030.0089
VIRTUAL	$858,783.35	1252430.20495838	$10,043.48	14513.6997
WETH	$545,906.45	241.91925574	$164,632.28	72.9065
MORPHO	$237,216.08	119567.28581166	$29,988.97	14722.1281
USDC	$229,553.20	229578.448604	$60,654.02	60654.0178
wstETH	$228,026.49	82.05342311	$99,065.48	35.6258
AERO	$207,258.09	470267.03568345	$134,441.66	297437.296
EURC	$195,535.16	167074.493078	$29,260.03	25008.5733
cbBTC	$23,832.92	0.31254997	$134,912.33	1.7742
DAI	$1,527.57	1527.80207491	$1,941.62	1941.6193
USDS	$1,051.10	1051.52030669	$160.21	160.2147
tBTC	$924.75	0.01210449	$6,666.31	0.0877
WELL	$99.75	23552.01241341	$11,370.96	2842740.9984
weETH	$8.17	0.00331801	$17,368.29	7.0507
rETH	$2.47	0.00094258	$10,983.93	4.1843
LBTC	$1.21	0.00001576	$16,151.73	0.2116
wrsETH	$1.14	0.00047018	$2,836.55	1.1744
MAMO	$0.56	44.73879202	$240.80	20066.5432
USDbC	$0.03	0.033578	$2.97	2.9678

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	-5% from 3.58K WETH to 3.38K WETH	-0% from 4.05K WETH to 4.04K WETH	-5% from 88.38% to 83.70%
USDC	-1% from 12.60M USDC to 12.46M USDC	-2% from 15.85M USDC to 15.50M USDC	+1% from 79.49% to 80.41%
USDS	-0% from 8.36K USDS to 8.35K USDS	-10% from 11.64K USDS to 10.44K USDS	+11% from 71.77% to 79.94%
EURC	+1% from 541.44K EURC to 544.63K EURC	-22% from 1.12M EURC to 876.61K EURC	+29% from 48.31% to 62.13%
VIRTUAL	-43% from 2.21M VIRTUAL to 1.27M VIRTUAL	-25% from 3.83M VIRTUAL to 2.85M VIRTUAL	-23% from 57.56% to 44.34%
DAI	+5% from 10.77K DAI to 11.26K DAI	+0% from 22.52K DAI to 22.53K DAI	+5% from 47.82% to 50.00%
cbETH	-8% from 754.47 cbETH to 696.36 cbETH	-3% from 1.65K cbETH to 1.61K cbETH	-5% from 45.66% to 43.30%
cbXRP	-39% from 1.34M cbXRP to 820.63K cbXRP	-17% from 2.86M cbXRP to 2.36M cbXRP	-26% from 46.87% to 34.71%
AERO	+31% from 3.21M AERO to 4.22M AERO	-1% from 16.08M AERO to 15.88M AERO	+33% from 19.96% to 26.56%
MAMO	-8% from 237.83K MAMO to 218.82K MAMO	+0% from 1.52M MAMO to 1.52M MAMO	-8% from 15.62% to 14.36%
wstETH	-2% from 151.06 wstETH to 148.02 wstETH	-17% from 1.00K wstETH to 828.70 wstETH	+18% from 15.10% to 17.86%
cbBTC	+10% from 20.20 cbBTC to 22.24 cbBTC	+1% from 123.01 cbBTC to 124.03 cbBTC	+9% from 16.42% to 17.93%
WELL	-12% from 25.01M WELL to 22.07M WELL	+0% from 165.54M WELL to 166.34M WELL	-12% from 15.11% to 13.27%
USDbC	+0% from 914.10 USDbC to 914.19 USDbC	-0% from 8.11K USDbC to 8.10K USDbC	+0% from 11.27% to 11.28%
tBTC	-3% from 0.06 tBTC to 0.06 tBTC	-0% from 0.83 tBTC to 0.83 tBTC	-3% from 6.97% to 6.75%
LBTC	+2% from 3.95 LBTC to 4.03 LBTC	-1% from 55.46 LBTC to 55.17 LBTC	+2% from 7.13% to 7.30%
MORPHO	+0% from 215.64K MORPHO to 215.67K MORPHO	+0% from 5.65M MORPHO to 5.65M MORPHO	-0% from 3.82% to 3.82%
rETH	-0% from 14.34 rETH to 14.33 rETH	-0% from 759.51 rETH to 759.42 rETH	-0% from 1.89% to 1.89%
weETH	-5% from 0.34 weETH to 0.32 weETH	-0% from 68.37 weETH to 68.36 weETH	-5% from 0.50% to 0.47%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 33.23 wrsETH to 33.18 wrsETH	+0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+11% from 64.54K VVV to 71.60K VVV	-10% from 0.00% to 0.00%

Notable Trends

cbXRP borrows -39% (1.34M → 820.63K cbXRP)
cbXRP supply -17% (2.86M → 2.36M cbXRP)
VIRTUAL supply -25% (3.83M → 2.85M VIRTUAL)
VIRTUAL borrows -43% (2.21M → 1.27M VIRTUAL)
wstETH supply -17% (1.00K → 828.70 wstETH)

cbXRP & VIRTUAL had significant bad debt repayment this past week, which explains why supply and borrows both decreased (reserves withdrawn → supply goes down, repay debt → borrow goes down).

Liquidations

Total liquidations: 12
Total Collateral Seized (USD): $61.27
Total Debt Repaid (USD): $55.70
Total Liquidation Bonus (USD): $5.57
Total Liquidator Bonus (USD): $3.90
Total Protocol Bonus (USD): $1.67

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
USDS	31.147400	$31.13	$28.30	$2.83	$1.98	$0.85	1
WETH	0.009457	$21.95	$19.95	$2.00	$1.40	$0.60	6
USDC	7.190000	$7.19	$6.54	$0.65	$0.46	$0.20	3
wstETH	0.000350	$1.00	$0.91	$0.09	$0.06	$0.03	1
EURC	0.000005	$0.00	$0.00	$0.00	$0.00	$0.00	1

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%	99.96%
DAI	4.50M	4.80M	0.98%	1.08%	84.27%
USDT0	8.00M	10.00M	0.50%	0.56%	71.98%
USDC	34.00M	36.40M	0.86%	1.53%	51.98%
USDT	18.40M	22.60M	0.27%	0.46%	47.96%
OP	650.00K	5.60M	61.44%	15.71%	45.40%
WETH	30.00K	32.00K	1.23%	2.39%	42.06%
rETH	0.00	750.00	0.00%	2.27%	13.66%
weETH	0.00	0.00	0.00%	0.00%	12.15%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	31.38%	43.87%	5.37%
wstETH	0.00	5.00K	0.00%	2.23%	3.62%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$6,087.00	2.31822015	$713.09	0.2719
wstETH	$3,887.00	1.39732708	$5,907.53	2.1263
cbETH	$383.00	0.15055475	$12.97	0.0051
VELO	$25.00	1453.55641554	$9,786.28	543682.1312

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+7% from 0.14 cbETH to 0.15 cbETH	+7% from 0.14 cbETH to 0.15 cbETH	-0% from 99.99% to 99.94%
DAI	+23% from 37.20K DAI to 45.69K DAI	+15% from 45.64K DAI to 52.61K DAI	+7% from 81.51% to 86.86%
USDT0	+0% from 40.11K USDT0 to 40.15K USDT0	-1% from 56.07K USDT0 to 55.54K USDT0	+1% from 71.53% to 72.28%
USDC	-6% from 367.85K USDC to 347.47K USDC	-18% from 678.09K USDC to 553.73K USDC	+16% from 54.25% to 62.75%
USDT	-0% from 50.25K USDT to 50.25K USDT	+0% from 104.71K USDT to 104.94K USDT	-0% from 47.99% to 47.89%
OP	+4% from 383.15K OP to 400.09K OP	+3% from 862.92K OP to 885.05K OP	+2% from 44.40% to 45.20%
WETH	-7% from 590.94 WETH to 550.82 WETH	-1% from 979.05 WETH to 966.62 WETH	-6% from 60.36% to 56.98%
rETH	+0% from 2.32 rETH to 2.32 rETH	+0% from 16.99 rETH to 16.99 rETH	+0% from 13.66% to 13.66%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 10.61 weETH to 10.61 weETH	0% from 12.15% to 12.15%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	+0% from 9.48% to 9.49%
VELO	+5% from 1.86M VELO to 1.96M VELO	+0% from 35.06M VELO to 35.17M VELO	+5% from 5.31% to 5.57%
wstETH	-15% from 4.59 wstETH to 3.88 wstETH	-5% from 114.44 wstETH to 108.97 wstETH	-11% from 4.01% to 3.56%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.47 wrsETH to 12.47 wrsETH	0% from 2.22% to 2.22%

Notable Trends

USDC supply -18% (678.09K → 553.73K USDC)
DAI borrows +23% (37.20K → 45.69K DAI)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $0.25
Total Debt Repaid (USD): $0.23
Total Liquidation Bonus (USD): $0.02
Total Liquidator Bonus (USD): $0.02
Total Protocol Bonus (USD): $0.01

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
wstETH	0.000089	$0.25	$0.23	$0.02	$0.02	$0.01	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	13435.91M%	86.48%
xcDOT	0.10	3.29M%	48.19%
FRAX	0.10	134.16K%	47.86%
xcUSDC	0.10	8.52M%	20.07%
xcUSDT	0.10	11.99M%	15.38%
USDC.wh	0.10	7.84M%	8.31%
ETH.wh	0.10	836.70%	3.33%
BTC.wh	0.10	2.20%	0.21%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$234,932.00	13594323.2460084	$83,167.19	4905234.3048

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+4% from 13.19M GLMR to 13.70M GLMR	+3% from 15.65M GLMR to 16.14M GLMR	+1% from 84.27% to 84.90%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 48.08% to 48.26%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 47.86% to 47.86%
xcUSDC	-1% from 8.59K xcUSDC to 8.50K xcUSDC	+0% from 42.47K xcUSDC to 42.48K xcUSDC	-1% from 20.23% to 20.01%
xcUSDT	-0% from 12.03K xcUSDT to 11.98K xcUSDT	+0% from 78.01K xcUSDT to 78.01K xcUSDT	-0% from 15.42% to 15.35%
USDC.wh	0% from 7.84K USDC.wh to 7.84K USDC.wh	0% from 94.37K USDC.wh to 94.37K USDC.wh	0% from 8.31% to 8.31%
ETH.wh	0% from 0.84 ETH.wh to 0.84 ETH.wh	0% from 25.15 ETH.wh to 25.15 ETH.wh	0% from 3.33% to 3.33%
BTC.wh	+33% from 0.00 BTC.wh to 0.00 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	+34% from 0.17% to 0.23%

Liquidations

No liquidation events this week.

AnthiasLabs · May 8, 2026, 6:46am

Weekly Update (5/1/26 - 5/7/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/1/26 to 5/7/26. 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
USDC	184.00M	200.00M	6.96%	7.73%	82.88%
USDS	690.00K	750.00K	1.20%	1.41%	78.65%
WETH	64.00K	96.00K	5.31%	4.89%	74.11%
EURC	21.00M	21.90M	2.61%	3.95%	63.38%
DAI	300.00K	400.00K	3.74%	5.63%	49.86%
VIRTUAL	0.00	4.50M	0.00%	62.74%	44.89%
cbETH	0.00	4.00K	0.00%	41.35%	42.15%
cbXRP	0.00	5.00M	0.00%	47.78%	34.37%
cbBTC	90.00	1.50K	35.48%	8.58%	24.57%
AERO	7.50M	70.00M	49.72%	22.87%	23.46%
wstETH	500.00	14.40K	30.57%	5.79%	18.34%
MAMO	3.00M	20.00M	8.78%	7.35%	18.25%
WELL	34.00M	250.00M	77.71%	66.53%	15.89%
USDbC	1.00	1.00	91.42K%	810.15K%	11.28%
tBTC	5.00	50.00	1.22%	1.70%	7.20%
LBTC	10.00	95.00	39.24%	58.06%	7.11%
MORPHO	100.00K	6.00M	214.24%	94.22%	3.79%
rETH	200.00	2.60K	7.17%	29.21%	1.89%
weETH	0.00	5.40K	0.00%	1.64%	0.40%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	43.58%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,731,336.96	672.93289051	$2,060.78	0.7971
VIRTUAL	$1,149,376.49	1255037.77980523	$14,195.20	15616.2836
cbXRP	$1,047,337.55	756672.412938	$3,286.82	2374.8713
WETH	$551,974.64	241.94768959	$170,197.46	74.2416
MORPHO	$248,725.41	119588.41567575	$31,003.73	14735.6142
wstETH	$230,914.12	82.07251062	$100,737.53	35.6312
USDC	$229,770.94	229793.643173	$66,390.40	66390.4037
AERO	$208,149.33	470787.4461829	$134,237.51	298969.9585
EURC	$196,203.56	167187.776984	$29,807.09	25389.3459
cbBTC	$24,878.35	0.31264772	$142,065.93	1.7753
DAI	$1,528.42	1528.54525979	$1,947.08	1947.0842
USDS	$1,052.00	1052.44520509	$161.16	161.159
tBTC	$962.16	0.01210727	$7,005.21	0.0877
WELL	$101.39	23568.68206246	$11,390.52	2847630.9996
weETH	$8.26	0.00331807	$17,646.58	7.0507
rETH	$2.50	0.0009426	$11,155.78	4.1844
LBTC	$1.26	0.00001577	$17,006.47	0.2117
wrsETH	$1.15	0.00047018	$2,879.70	1.1744
MAMO	$0.56	44.80945115	$262.70	20207.964
USDbC	$0.03	0.033581	$3.13	3.1251

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+4% from 12.46M USDC to 12.92M USDC	-2% from 15.51M USDC to 15.17M USDC	+6% from 80.32% to 85.17%
USDS	-3% from 8.35K USDS to 8.13K USDS	+2% from 10.44K USDS to 10.68K USDS	-5% from 79.97% to 76.11%
WETH	+6% from 3.36K WETH to 3.54K WETH	+45% from 4.04K WETH to 5.85K WETH	-27% from 83.18% to 60.59%
EURC	+3% from 544.05K EURC to 557.68K EURC	-5% from 876.62K EURC to 835.47K EURC	+8% from 62.06% to 66.75%
DAI	+0% from 11.26K DAI to 11.32K DAI	-0% from 22.53K DAI to 22.51K DAI	+1% from 50.00% to 50.28%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-6% from 2.86M VIRTUAL to 2.68M VIRTUAL	+7% from 44.34% to 47.25%
cbETH	+0% from 696.37 cbETH to 696.82 cbETH	+1% from 1.60K cbETH to 1.62K cbETH	-1% from 43.47% to 42.92%
cbXRP	+0% from 820.64K cbXRP to 821.36K cbXRP	+2% from 2.36M cbXRP to 2.40M cbXRP	-2% from 34.71% to 34.19%
cbBTC	+100% from 22.36 cbBTC to 44.79 cbBTC	+4% from 124.02 cbBTC to 129.14 cbBTC	+92% from 18.03% to 34.68%
AERO	+2% from 4.19M AERO to 4.29M AERO	-10% from 15.88M AERO to 14.33M AERO	+13% from 26.40% to 29.96%
wstETH	-0% from 142.46 wstETH to 142.30 wstETH	+2% from 828.48 wstETH to 848.41 wstETH	-2% from 17.20% to 16.77%
MAMO	+38% from 218.82K MAMO to 301.09K MAMO	-11% from 1.52M MAMO to 1.36M MAMO	+54% from 14.36% to 22.07%
WELL	+37% from 22.07M WELL to 30.33M WELL	-1% from 166.34M WELL to 165.27M WELL	+38% from 13.27% to 18.35%
USDbC	+0% from 914.19 USDbC to 914.25 USDbC	-0% from 8.10K USDbC to 8.10K USDbC	+0% from 11.28% to 11.29%
tBTC	+286% from 0.06 tBTC to 0.22 tBTC	0% from 0.83 tBTC to 0.83 tBTC	+286% from 6.75% to 26.08%
LBTC	-39% from 4.03 LBTC to 2.45 LBTC	-0% from 55.17 LBTC to 55.11 LBTC	-39% from 7.30% to 4.45%
MORPHO	-5% from 215.67K MORPHO to 205.55K MORPHO	-0% from 5.65M MORPHO to 5.65M MORPHO	-5% from 3.82% to 3.64%
rETH	0% from 14.33 rETH to 14.33 rETH	+0% from 759.42 rETH to 759.42 rETH	-0% from 1.89% to 1.89%
weETH	0% from 0.32 weETH to 0.32 weETH	-0% from 68.36 weETH to 68.33 weETH	+0% from 0.47% to 0.47%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	0% from 33.18 wrsETH to 33.18 wrsETH	0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+4% from 71.60K VVV to 74.34K VVV	-4% from 0.00% to 0.00%

Notable Trends

WETH supply +45% (4.04K → 5.85K WETH)
cbBTC borrows +100% (22.36 → 44.79 cbBTC)
AERO supply -10% (15.88M → 14.33M AERO)

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%	99.94%
DAI	4.50M	4.80M	1.09%	1.16%	87.54%
USDT0	8.00M	10.00M	0.51%	0.55%	73.14%
WETH	30.00K	32.00K	2.55%	3.52%	67.92%
USDC	34.00M	36.40M	1.28%	1.83%	65.29%
USDT	18.40M	22.60M	0.28%	0.45%	50.89%
OP	650.00K	5.60M	61.50%	14.48%	49.42%
rETH	0.00	750.00	0.00%	2.27%	13.66%
weETH	0.00	0.00	0.00%	0.00%	12.61%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	32.39%	44.10%	5.51%
wstETH	0.00	5.00K	0.00%	2.15%	3.60%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$6,137.00	2.31886709	$725.11	0.272
wstETH	$3,920.00	1.39741467	$6,008.86	2.1263
cbETH	$386.00	0.15055475	$13.18	0.0051
VELO	$25.00	1454.32762239	$9,247.06	543944.9612

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.15 cbETH to 0.15 cbETH	0% from 0.15 cbETH to 0.15 cbETH	0% from 99.94% to 99.94%
DAI	+15% from 45.69K DAI to 52.70K DAI	+13% from 52.61K DAI to 59.62K DAI	+2% from 86.86% to 88.39%
USDT0	+10% from 40.15K USDT0 to 44.08K USDT0	-0% from 55.54K USDT0 to 55.35K USDT0	+10% from 72.28% to 79.64%
WETH	+42% from 550.83 WETH to 780.38 WETH	+18% from 966.62 WETH to 1.14K WETH	+20% from 56.98% to 68.47%
USDC	+46% from 347.47K USDC to 506.44K USDC	+42% from 553.73K USDC to 783.87K USDC	+3% from 62.75% to 64.61%
USDT	+7% from 50.25K USDT to 53.80K USDT	-13% from 104.94K USDT to 91.78K USDT	+22% from 47.89% to 58.63%
OP	-2% from 400.13K OP to 390.24K OP	-11% from 885.09K OP to 783.36K OP	+10% from 45.21% to 49.82%
rETH	+0% from 2.32 rETH to 2.32 rETH	-0% from 16.99 rETH to 16.99 rETH	+0% from 13.66% to 13.66%
weETH	+0% from 1.29 weETH to 1.29 weETH	-13% from 10.61 weETH to 9.25 weETH	+15% from 12.15% to 13.95%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	+0% from 9.49% to 9.49%
VELO	+3% from 1.96M VELO to 2.02M VELO	+1% from 35.19M VELO to 35.46M VELO	+3% from 5.57% to 5.71%
wstETH	+0% from 3.88 wstETH to 3.88 wstETH	-2% from 108.97 wstETH to 107.25 wstETH	+2% from 3.56% to 3.62%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	-0% from 12.47 wrsETH to 12.46 wrsETH	+0% from 2.22% to 2.22%

Notable Trends

WETH borrows +42% (550.83 → 780.38 WETH)
WETH supply +18% (966.62 → 1.14K WETH)
USDC supply +42% (553.73K → 783.87K USDC)
USDC borrows +46% (347.47K → 506.44K USDC)

Liquidations

No liquidation events this week.

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	13965.78M%	85.43%
xcDOT	0.10	3.29M%	48.26%
FRAX	0.10	134.16K%	47.86%
xcUSDC	0.10	8.50M%	20.01%
xcUSDT	0.10	11.98M%	15.35%
USDC.wh	0.10	7.84M%	8.31%
ETH.wh	0.10	836.70%	3.33%
BTC.wh	0.10	2.40%	0.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$238,345.00	14145190.72633351	$87,876.26	5196681.9731

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+4% from 13.70M GLMR to 14.25M GLMR	+4% from 16.14M GLMR to 16.80M GLMR	-0% from 84.90% to 84.83%
xcDOT	0% from 3.29K xcDOT to 3.29K xcDOT	0% from 1.07M xcDOT to 1.07M xcDOT	0% from 48.26% to 48.26%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 47.86% to 47.86%
xcUSDC	0% from 8.50K xcUSDC to 8.50K xcUSDC	0% from 42.48K xcUSDC to 42.48K xcUSDC	0% from 20.01% to 20.01%
xcUSDT	+0% from 11.98K xcUSDT to 11.98K xcUSDT	-0% from 78.01K xcUSDT to 78.01K xcUSDT	+0% from 15.35% to 15.36%
USDC.wh	0% from 7.84K USDC.wh to 7.84K USDC.wh	0% from 94.37K USDC.wh to 94.37K USDC.wh	0% from 8.31% to 8.31%
ETH.wh	0% from 0.84 ETH.wh to 0.84 ETH.wh	0% from 25.15 ETH.wh to 25.15 ETH.wh	0% from 3.33% to 3.33%
BTC.wh	0% from 0.00 BTC.wh to 0.00 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	0% from 0.23% to 0.23%

Liquidations

No liquidation events this week.

AnthiasLabs · May 15, 2026, 5:25am

Weekly Update (5/8/26 - 5/14/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/8/26 to 5/14/26. 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
USDC	184.00M	200.00M	7.18%	7.50%	88.05%
USDS	690.00K	750.00K	1.18%	1.26%	86.89%
EURC	21.00M	21.90M	2.66%	3.77%	68.62%
WETH	64.00K	96.00K	5.41%	6.51%	55.67%
VIRTUAL	0.00	4.50M	0.00%	57.98%	48.85%
DAI	300.00K	400.00K	3.41%	5.63%	45.48%
cbETH	0.00	4.00K	0.00%	40.10%	43.46%
cbBTC	90.00	1.50K	54.85%	9.19%	35.75%
cbXRP	0.00	5.00M	0.00%	48.28%	34.04%
AERO	7.50M	70.00M	65.56%	21.02%	33.41%
MAMO	3.00M	20.00M	11.88%	7.98%	22.28%
wstETH	500.00	14.40K	29.33%	5.99%	17.02%
WELL	34.00M	250.00M	77.67%	66.53%	15.88%
tBTC	5.00	50.00	2.60%	1.74%	15.35%
USDbC	1.00	1.00	91.24K%	808.50K%	11.28%
LBTC	10.00	95.00	29.19%	58.02%	5.30%
MORPHO	100.00K	6.00M	205.57%	94.19%	3.64%
rETH	200.00	2.60K	7.16%	29.21%	1.89%
weETH	0.00	5.40K	0.00%	1.67%	0.37%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	44.09%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,757,631.38	673.26913095	$2,279.58	0.8954
cbXRP	$1,156,161.93	757151.840025	$3,764.16	2628.6023
VIRTUAL	$996,772.83	1256838.89041582	$12,306.27	16299.6999
WETH	$558,726.74	241.97521823	$167,405.38	74.2928
MORPHO	$234,492.87	119606.87574106	$28,599.87	14749.8066
wstETH	$234,004.31	82.08879593	$99,126.27	35.6356
USDC	$229,933.23	229989.586193	$67,604.60	67604.596
AERO	$225,581.28	471467.18999932	$137,778.12	301483.8617
EURC	$196,150.58	167554.418916	$29,858.06	25497.9173
cbBTC	$25,514.80	0.31277565	$140,876.89	1.7772
DAI	$1,528.64	1529.10742968	$1,950.67	1950.6745
USDS	$1,054.27	1054.65260707	$162.70	162.7
tBTC	$988.93	0.0121135	$6,973.72	0.0878
WELL	$112.97	23584.29588472	$11,408.49	2852122.8696
weETH	$8.38	0.0033181	$17,382.70	7.0507
rETH	$2.54	0.00094262	$10,969.62	4.1845
LBTC	$1.29	0.00001577	$16,847.59	0.2117
wrsETH	$1.16	0.00047018	$2,830.51	1.1744
MAMO	$0.51	44.89539794	$224.50	20409.2205
USDbC	$0.03	0.033584	$3.19	3.1925

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+2% from 12.92M USDC to 13.19M USDC	-1% from 15.17M USDC to 15.06M USDC	+3% from 85.21% to 87.58%
USDS	+1% from 8.13K USDS to 8.18K USDS	-14% from 10.70K USDS to 9.17K USDS	+17% from 76.03% to 89.28%
EURC	-1% from 560.51K EURC to 553.36K EURC	-24% from 835.46K EURC to 630.88K EURC	+31% from 67.09% to 87.71%
WETH	-6% from 3.62K WETH to 3.42K WETH	+14% from 5.85K WETH to 6.69K WETH	-17% from 61.83% to 51.06%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+9% from 2.68M VIRTUAL to 2.94M VIRTUAL	-9% from 47.25% to 43.23%
DAI	-21% from 11.32K DAI to 8.90K DAI	-0% from 22.51K DAI to 22.49K DAI	-21% from 50.28% to 39.59%
cbETH	+0% from 696.83 cbETH to 697.11 cbETH	-5% from 1.62K cbETH to 1.55K cbETH	+5% from 42.92% to 45.04%
cbBTC	+30% from 44.63 cbBTC to 57.98 cbBTC	+3% from 137.91 cbBTC to 142.52 cbBTC	+26% from 32.37% to 40.69%
cbXRP	+0% from 821.37K cbXRP to 821.89K cbXRP	+0% from 2.40M cbXRP to 2.41M cbXRP	-0% from 34.18% to 34.10%
AERO	+13% from 4.29M AERO to 4.87M AERO	+4% from 14.32M AERO to 14.88M AERO	+9% from 29.99% to 32.70%
MAMO	+70% from 301.09K MAMO to 512.40K MAMO	+21% from 1.36M MAMO to 1.66M MAMO	+40% from 22.07% to 30.95%
wstETH	-1% from 142.29 wstETH to 141.47 wstETH	-2% from 883.07 wstETH to 866.36 wstETH	+1% from 16.11% to 16.33%
WELL	-16% from 30.30M WELL to 25.42M WELL	+1% from 165.27M WELL to 167.03M WELL	-17% from 18.33% to 15.22%
tBTC	-64% from 0.22 tBTC to 0.08 tBTC	+3% from 0.83 tBTC to 0.86 tBTC	-66% from 25.93% to 8.94%
USDbC	-0% from 914.25 USDbC to 912.29 USDbC	-0% from 8.10K USDbC to 8.08K USDbC	-0% from 11.29% to 11.29%
LBTC	+54% from 2.45 LBTC to 3.77 LBTC	+0% from 55.11 LBTC to 55.13 LBTC	+54% from 4.45% to 6.84%
MORPHO	+0% from 205.56K MORPHO to 205.59K MORPHO	-0% from 5.65M MORPHO to 5.64M MORPHO	+0% from 3.64% to 3.64%
rETH	+0% from 14.33 rETH to 14.33 rETH	+0% from 759.41 rETH to 759.63 rETH	-0% from 1.89% to 1.89%
weETH	0% from 0.32 weETH to 0.32 weETH	+66% from 68.33 weETH to 113.37 weETH	-40% from 0.47% to 0.28%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 33.18 wrsETH to 33.16 wrsETH	+0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+1% from 74.35K VVV to 75.29K VVV	-1% from 0.00% to 0.00%

Notable Trends

WETH supply +14% (5.85K → 6.69K WETH)
cbBTC borrows +30% (44.63 → 57.98 cbBTC)
AERO borrows +13% (4.29M → 4.87M AERO)

Liquidations

Total liquidations: 137
Total Collateral Seized (USD): $10,373.52
Total Debt Repaid (USD): $9,430.47
Total Liquidation Bonus (USD): $943.05
Total Liquidator Bonus (USD): $660.13
Total Protocol Bonus (USD): $282.91

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VVV	371.637000	$5,499.80	$4,999.82	$499.98	$349.99	$149.99	1
cbXRP	1,522.888345	$2,162.79	$1,966.17	$196.62	$137.63	$58.99	5
AERO	2,888.629020	$1,367.90	$1,243.55	$124.35	$87.05	$37.31	6
USDC	728.560163	$728.42	$662.20	$66.22	$46.35	$19.87	5
WETH	0.099136	$229.51	$208.64	$20.86	$14.60	$6.26	108
MORPHO	107.602360	$209.15	$190.14	$19.01	$13.31	$5.70	2
cbETH	0.033655	$87.92	$79.92	$7.99	$5.59	$2.40	2
VIRTUAL	55.935300	$49.13	$44.67	$4.47	$3.13	$1.34	5
WELL	8,532.940000	$37.80	$34.36	$3.44	$2.41	$1.03	1
wstETH	0.000331	$0.94	$0.86	$0.09	$0.06	$0.03	1
USDbC	0.154630	$0.15	$0.14	$0.01	$0.01	$0.00	1

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%	99.94%
DAI	4.50M	4.80M	1.17%	1.25%	87.64%
USDT0	8.00M	10.00M	0.55%	0.55%	79.88%
WETH	30.00K	32.00K	2.68%	3.64%	68.93%
USDT	18.40M	22.60M	0.34%	0.40%	68.54%
USDC	34.00M	36.40M	1.57%	2.15%	68.12%
OP	650.00K	5.60M	52.94%	13.86%	44.34%
weETH	0.00	0.00	0.00%	0.00%	13.95%
rETH	0.00	750.00	0.00%	2.27%	13.66%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	32.35%	44.30%	5.48%
wstETH	0.00	5.00K	0.00%	2.11%	3.68%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$6,239.00	2.31923799	$730.50	0.272
wstETH	$3,988.00	1.39746771	$6,059.94	2.1264
cbETH	$393.00	0.15055475	$13.31	0.0051
VELO	$27.00	1455.01269348	$9,250.93	544172.4635

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.15 cbETH to 0.15 cbETH	0% from 0.15 cbETH to 0.15 cbETH	0% from 99.94% to 99.94%
DAI	+0% from 52.70K DAI to 52.79K DAI	+1% from 59.62K DAI to 60.22K DAI	-1% from 88.39% to 87.66%
USDT0	+0% from 44.08K USDT0 to 44.19K USDT0	-0% from 55.35K USDT0 to 55.16K USDT0	+1% from 79.64% to 80.10%
WETH	-0% from 780.38 WETH to 779.68 WETH	+1% from 1.14K WETH to 1.15K WETH	-1% from 68.47% to 67.81%
USDT	+52% from 53.80K USDT to 81.65K USDT	+7% from 91.78K USDT to 98.42K USDT	+42% from 58.63% to 82.96%
USDC	+6% from 506.44K USDC to 537.44K USDC	-1% from 783.87K USDC to 774.91K USDC	+7% from 64.61% to 69.35%
OP	-14% from 389.54K OP to 334.97K OP	-2% from 783.39K OP to 769.76K OP	-12% from 49.73% to 43.52%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 9.25 weETH to 9.25 weETH	0% from 13.95% to 13.95%
rETH	+0% from 2.32 rETH to 2.32 rETH	+0% from 16.99 rETH to 17.04 rETH	-0% from 13.66% to 13.63%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
VELO	-4% from 2.02M VELO to 1.94M VELO	+1% from 35.46M VELO to 35.94M VELO	-5% from 5.71% to 5.39%
wstETH	+0% from 3.88 wstETH to 3.88 wstETH	-2% from 107.25 wstETH to 105.12 wstETH	+2% from 3.62% to 3.69%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.46 wrsETH to 12.46 wrsETH	0% from 2.22% to 2.22%

Notable Trends

USDC borrows +6% (506.44K → 537.44K USDC)
USDT borrows +52% (53.80K → 81.65K USDT)
OP borrows -14% (389.54K → 334.97K OP)

Liquidations

Total liquidations: 2
Total Collateral Seized (USD): $9,796.26
Total Debt Repaid (USD): $8,905.69
Total Liquidation Bonus (USD): $890.57
Total Liquidator Bonus (USD): $623.40
Total Protocol Bonus (USD): $267.17

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
USDC	6,422.040000	$6,421.34	$5,837.58	$583.76	$408.63	$175.13	1
USDT	3,375.620000	$3,374.92	$3,068.11	$306.81	$214.77	$92.04	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14447.54M%	87.96%
xcDOT	0.10	3.29M%	48.26%
FRAX	0.10	134.16K%	47.86%
xcUSDC	0.10	8.44M%	19.86%
xcUSDT	0.10	11.98M%	15.36%
USDC.wh	0.10	7.85M%	8.32%
ETH.wh	0.10	832.74%	3.31%
BTC.wh	0.10	2.40%	0.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$236,281.00	14392742.77332299	$90,236.47	5308592.9894

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+2% from 14.26M GLMR to 14.51M GLMR	-8% from 16.81M GLMR to 15.39M GLMR	+11% from 84.84% to 94.30%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 48.26% to 48.26%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 47.86% to 47.86%
xcUSDC	-1% from 8.50K xcUSDC to 8.40K xcUSDC	+0% from 42.48K xcUSDC to 42.50K xcUSDC	-1% from 20.01% to 19.77%
xcUSDT	+0% from 11.98K xcUSDT to 11.98K xcUSDT	+0% from 78.01K xcUSDT to 78.01K xcUSDT	+0% from 15.36% to 15.36%
USDC.wh	+0% from 7.84K USDC.wh to 7.86K USDC.wh	+0% from 94.37K USDC.wh to 94.38K USDC.wh	+0% from 8.31% to 8.33%
ETH.wh	-2% from 0.84 ETH.wh to 0.82 ETH.wh	+0% from 25.15 ETH.wh to 25.16 ETH.wh	-2% from 3.33% to 3.27%
BTC.wh	0% from 0.00 BTC.wh to 0.00 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	0% from 0.23% to 0.23%

Notable Trends

GLMR supply -8% (16.81M → 15.39M GLMR)

Liquidations

No liquidation events this week.

AnthiasLabs · May 21, 2026, 9:41pm

Weekly Update (5/15/26 - 5/21/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/15/26 to 5/21/26. 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
USDC	184.00M	200.00M	7.27%	7.55%	88.58%
USDS	690.00K	750.00K	1.19%	1.24%	88.18%
EURC	21.00M	21.90M	2.68%	2.93%	87.83%
WETH	64.00K	96.00K	5.35%	5.54%	66.56%
VIRTUAL	0.00	4.50M	0.00%	61.40%	46.02%
cbETH	0.00	4.00K	0.00%	38.45%	45.38%
DAI	300.00K	400.00K	3.13%	5.62%	41.68%
cbXRP	0.00	5.00M	0.00%	47.97%	34.04%
AERO	7.50M	70.00M	69.07%	23.41%	31.67%
cbBTC	90.00	1.50K	39.06%	9.09%	25.59%
MAMO	3.00M	20.00M	11.97%	7.94%	22.59%
wstETH	500.00	14.40K	30.72%	6.10%	17.54%
WELL	34.00M	250.00M	83.28%	67.46%	16.79%
USDbC	1.00	1.00	91.23K%	808.15K%	11.29%
tBTC	5.00	50.00	1.53%	1.78%	8.63%
LBTC	10.00	95.00	44.24%	58.04%	8.02%
MORPHO	100.00K	6.00M	205.59%	94.52%	3.63%
rETH	200.00	2.60K	7.16%	29.22%	1.89%
weETH	0.00	5.40K	0.00%	1.45%	0.40%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	44.74%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,627,798.97	673.39795667	$2,471.75	1.0235
cbXRP	$1,040,965.36	757297.03789	$3,819.53	2777.8433
VIRTUAL	$941,211.13	1257079.4722425	$12,117.62	16531.539
WETH	$517,424.74	242.01399464	$158,827.37	74.3633
MORPHO	$237,412.31	119626.07813386	$27,611.40	14765.4569
USDC	$230,144.06	230215.547047	$68,875.38	68875.3815
wstETH	$216,805.25	82.10629447	$94,008.77	35.6405
AERO	$211,596.63	472137.59424883	$126,559.71	304230.0647
EURC	$195,382.31	168139.326414	$29,880.47	25736.8423
cbBTC	$24,303.89	0.31287137	$138,250.28	1.7784
DAI	$1,529.51	1529.59540132	$1,953.84	1953.8388
USDS	$1,056.34	1056.72341675	$164.42	164.4209
tBTC	$940.91	0.01211487	$6,825.21	0.0878
WELL	$92.43	23601.33814725	$11,430.63	2857656.561
weETH	$7.77	0.00331814	$16,488.64	7.0507
rETH	$2.35	0.00094265	$10,401.28	4.1846
LBTC	$1.23	0.00001577	$16,523.11	0.2117
wrsETH	$1.08	0.00047018	$2,688.72	1.1744
MAMO	$0.47	44.98736934	$276.95	27694.745
USDbC	$0.03	0.033587	$3.27	3.271

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+2% from 13.19M USDC to 13.50M USDC	+1% from 15.09M USDC to 15.30M USDC	+1% from 87.42% to 88.26%
USDS	+2% from 8.18K USDS to 8.31K USDS	+3% from 9.17K USDS to 9.41K USDS	-1% from 89.26% to 88.33%
EURC	+2% from 553.40K EURC to 562.43K EURC	+3% from 634.32K EURC to 656.22K EURC	-2% from 87.24% to 85.71%
WETH	-0% from 3.42K WETH to 3.40K WETH	-32% from 6.64K WETH to 4.48K WETH	+47% from 51.46% to 75.88%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-7% from 2.92M VIRTUAL to 2.73M VIRTUAL	+7% from 43.45% to 46.60%
cbETH	+0% from 697.11 cbETH to 697.24 cbETH	-1% from 1.52K cbETH to 1.50K cbETH	+1% from 45.83% to 46.44%
DAI	+10% from 8.90K DAI to 9.80K DAI	+0% from 22.49K DAI to 22.49K DAI	+10% from 39.59% to 43.57%
cbXRP	-1% from 821.89K cbXRP to 810.48K cbXRP	+2% from 2.41M cbXRP to 2.45M cbXRP	-3% from 34.10% to 33.12%
AERO	+7% from 4.87M AERO to 5.21M AERO	+14% from 14.88M AERO to 16.99M AERO	-6% from 32.70% to 30.66%
cbBTC	-62% from 57.60 cbBTC to 22.04 cbBTC	-7% from 142.52 cbBTC to 132.82 cbBTC	-59% from 40.42% to 16.59%
MAMO	-24% from 512.40K MAMO to 390.55K MAMO	-4% from 1.66M MAMO to 1.59M MAMO	-21% from 30.95% to 24.56%
wstETH	-0% from 141.47 wstETH to 141.41 wstETH	+0% from 896.80 wstETH to 900.46 wstETH	-0% from 15.78% to 15.70%
WELL	+14% from 25.42M WELL to 28.99M WELL	+1% from 167.03M WELL to 169.45M WELL	+12% from 15.22% to 17.11%
USDbC	+0% from 912.29 USDbC to 912.37 USDbC	-0% from 8.08K USDbC to 8.08K USDbC	+0% from 11.29% to 11.29%
tBTC	0% from 0.08 tBTC to 0.08 tBTC	+14% from 0.86 tBTC to 0.98 tBTC	-12% from 8.94% to 7.84%
LBTC	+12% from 3.77 LBTC to 4.23 LBTC	+0% from 55.13 LBTC to 55.15 LBTC	+12% from 6.84% to 7.68%
MORPHO	+0% from 205.59K MORPHO to 205.61K MORPHO	+1% from 5.64M MORPHO to 5.68M MORPHO	-1% from 3.64% to 3.62%
rETH	-0% from 14.33 rETH to 14.32 rETH	-0% from 759.63 rETH to 759.57 rETH	-0% from 1.89% to 1.88%
weETH	-7% from 0.32 weETH to 0.30 weETH	-33% from 104.93 weETH to 70.07 weETH	+39% from 0.31% to 0.43%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	0% from 33.16 wrsETH to 33.16 wrsETH	0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+2% from 75.29K VVV to 76.89K VVV	-2% from 0.00% to 0.00%

Notable Trends

WETH supply -32% (6.64K → 4.48K WETH)
cbBTC borrows -62% (57.60 → 22.04 cbBTC)
AERO supply +14% (14.88M → 16.99M AERO)

Liquidations

Total liquidations: 42
Total Collateral Seized (USD): $4,510.27
Total Debt Repaid (USD): $4,100.24
Total Liquidation Bonus (USD): $410.02
Total Liquidator Bonus (USD): $287.02
Total Protocol Bonus (USD): $123.01

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
AERO	4,443.814275	$1,812.30	$1,647.55	$164.75	$115.33	$49.43	9
MAMO	97,015.200000	$1,045.62	$950.56	$95.06	$66.54	$28.52	1
USDC	859.631650	$859.36	$781.24	$78.12	$54.69	$23.44	5
WETH	0.347953	$731.17	$664.70	$66.47	$46.53	$19.94	18
WELL	9,407.200000	$38.23	$34.76	$3.48	$2.43	$1.04	3
VIRTUAL	22.552295	$16.20	$14.73	$1.47	$1.03	$0.44	4
MORPHO	2.526280	$4.24	$3.85	$0.39	$0.27	$0.12	1
rETH	0.001269	$3.15	$2.86	$0.29	$0.20	$0.09	1

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%	99.92%
DAI	4.50M	4.80M	1.22%	1.30%	87.95%
USDT0	8.00M	10.00M	0.55%	0.53%	82.38%
USDT	18.40M	22.60M	0.43%	0.46%	76.80%
USDC	34.00M	36.40M	1.55%	2.01%	72.25%
WETH	30.00K	32.00K	2.56%	3.58%	67.05%
OP	650.00K	5.60M	52.14%	13.70%	44.19%
weETH	0.00	0.00	0.00%	0.00%	14.06%
rETH	0.00	750.00	0.00%	2.27%	13.63%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	34.27%	44.26%	5.81%
wstETH	0.00	5.00K	0.00%	2.15%	3.35%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$5,741.00	2.31923799	$680.82	0.272
wstETH	$3,671.00	1.39750129	$5,647.63	2.1264
cbETH	$399.00	0.16600263	$16.05	0.0066
VELO	$24.00	1455.74268821	$8,710.82	544426.1503

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+10% from 0.15 cbETH to 0.17 cbETH	+10% from 0.15 cbETH to 0.17 cbETH	-0% from 99.94% to 99.91%
DAI	+11% from 52.79K DAI to 58.85K DAI	+14% from 60.22K DAI to 68.80K DAI	-2% from 87.66% to 85.55%
USDT0	-1% from 44.19K USDT0 to 43.74K USDT0	-5% from 55.16K USDT0 to 52.43K USDT0	+4% from 80.10% to 83.43%
USDT	-3% from 81.65K USDT to 79.00K USDT	+6% from 98.42K USDT to 104.46K USDT	-9% from 82.96% to 75.63%
USDC	-4% from 537.44K USDC to 516.60K USDC	-8% from 774.91K USDC to 714.43K USDC	+4% from 69.35% to 72.31%
WETH	-2% from 779.68 WETH to 766.77 WETH	-0% from 1.15K WETH to 1.15K WETH	-1% from 67.81% to 66.86%
OP	+2% from 334.98K OP to 341.16K OP	-1% from 769.77K OP to 764.50K OP	+3% from 43.52% to 44.63%
weETH	+0% from 1.29 weETH to 1.29 weETH	-1% from 9.25 weETH to 9.17 weETH	+1% from 13.95% to 14.07%
rETH	0% from 2.32 rETH to 2.32 rETH	0% from 17.04 rETH to 17.04 rETH	0% from 13.63% to 13.63%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
VELO	+8% from 1.94M VELO to 2.10M VELO	-3% from 35.91M VELO to 34.68M VELO	+12% from 5.40% to 6.05%
wstETH	-9% from 3.88 wstETH to 3.52 wstETH	+3% from 105.12 wstETH to 108.27 wstETH	-12% from 3.69% to 3.25%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.46 wrsETH to 12.46 wrsETH	0% from 2.22% to 2.22%

Notable Trends

USDC supply -8% (774.91K → 714.43K USDC)
DAI supply +14% (60.22K → 68.80K DAI)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $0.13
Total Debt Repaid (USD): $0.12
Total Liquidation Bonus (USD): $0.01
Total Liquidator Bonus (USD): $0.01
Total Protocol Bonus (USD): $0.00

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
wstETH	0.000050	$0.13	$0.12	$0.01	$0.01	$0.00	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14509.93M%	99.55%
xcDOT	0.10	3.29M%	48.29%
FRAX	0.10	134.16K%	47.86%
xcUSDC	0.10	8.18M%	19.26%
xcUSDT	0.10	11.98M%	15.36%
USDC.wh	0.10	7.86M%	8.34%
ETH.wh	0.10	822.20%	3.27%
BTC.wh	0.10	9.33%	0.91%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$209,056.00	14394758.30674525	$74,348.86	5310633.1221

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.51M GLMR to 14.51M GLMR	-6% from 15.39M GLMR to 14.51M GLMR	+6% from 94.30% to 100.00%
xcDOT	+0% from 3.29K xcDOT to 3.29K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 48.26% to 48.31%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 47.86% to 47.86%
xcUSDC	-5% from 8.40K xcUSDC to 7.98K xcUSDC	+0% from 42.50K xcUSDC to 42.50K xcUSDC	-5% from 19.77% to 18.76%
xcUSDT	0% from 11.98K xcUSDT to 11.98K xcUSDT	0% from 78.01K xcUSDT to 78.01K xcUSDT	0% from 15.36% to 15.36%
USDC.wh	+0% from 7.86K USDC.wh to 7.87K USDC.wh	-0% from 94.38K USDC.wh to 94.19K USDC.wh	+0% from 8.33% to 8.35%
ETH.wh	0% from 0.82 ETH.wh to 0.82 ETH.wh	0% from 25.16 ETH.wh to 25.16 ETH.wh	0% from 3.27% to 3.27%
BTC.wh	+329% from 0.00 BTC.wh to 0.01 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	+329% from 0.23% to 1.00%

Liquidations

No liquidation events this week.

AnthiasLabs · May 29, 2026, 5:59am

Weekly Update (5/22/26 - 5/28/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/22/26 to 5/28/26. 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
USDC	184.00M	200.00M	7.42%	7.65%	89.18%
USDS	690.00K	750.00K	1.20%	1.30%	84.98%
EURC	21.00M	21.90M	2.70%	3.07%	84.08%
WETH	64.00K	96.00K	5.21%	4.82%	72.14%
VIRTUAL	0.00	4.50M	0.00%	50.89%	56.37%
cbETH	0.00	4.00K	0.00%	35.31%	49.43%
DAI	300.00K	400.00K	3.19%	5.62%	42.57%
cbXRP	0.00	5.00M	0.00%	49.82%	32.54%
AERO	7.50M	70.00M	69.65%	25.35%	29.52%
MAMO	3.00M	20.00M	9.26%	7.01%	19.88%
cbBTC	90.00	1.50K	25.84%	9.29%	16.71%
wstETH	500.00	14.40K	28.91%	6.42%	15.64%
WELL	34.00M	250.00M	75.16%	68.02%	15.03%
USDbC	1.00	1.00	91.24K%	808.15K%	11.29%
tBTC	5.00	50.00	1.54%	1.80%	8.57%
LBTC	10.00	95.00	37.22%	56.74%	6.89%
MORPHO	100.00K	6.00M	203.28%	94.11%	3.60%
rETH	200.00	2.60K	7.16%	29.20%	1.89%
weETH	0.00	5.40K	0.00%	1.27%	0.44%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	45.29%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,522,432.76	673.53035929	$2,661.86	1.1466
cbXRP	$989,699.59	757450.208549	$4,238.86	3213.6917
VIRTUAL	$906,006.60	1257328.10449286	$12,988.31	16759.1046
WETH	$483,709.48	242.04991397	$152,787.93	74.4368
MORPHO	$243,922.07	119645.886652	$32,256.05	14776.0185
USDC	$230,389.64	230493.710361	$70,326.71	70326.7121
wstETH	$202,743.85	82.12265816	$90,375.74	35.6445
EURC	$195,886.11	168316.501127	$30,019.54	25789.9796
AERO	$193,991.25	472794.02594318	$131,272.87	306712.3182
cbBTC	$22,916.92	0.31293666	$133,161.05	1.7799
DAI	$1,529.81	1530.2230021	$1,957.14	1957.1384
USDS	$1,057.40	1057.90259496	$165.17	165.1701
tBTC	$891.14	0.01211621	$6,587.64	0.0878
WELL	$94.56	23616.47880722	$11,447.48	2861871.1286
weETH	$7.26	0.00331819	$15,849.89	7.0507
rETH	$2.20	0.00094267	$10,011.33	4.1894
LBTC	$1.16	0.00001577	$15,902.86	0.2117
wrsETH	$1.01	0.00047018	$2,585.05	1.1744
MAMO	$0.46	45.06735455	$306.36	27851.2615
USDbC	$0.03	0.033589	$3.35	3.3457

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+4% from 13.47M USDC to 14.00M USDC	+1% from 15.39M USDC to 15.61M USDC	+3% from 87.51% to 89.73%
USDS	-0% from 8.31K USDS to 8.30K USDS	+3% from 9.42K USDS to 9.67K USDS	-3% from 88.27% to 85.91%
EURC	+1% from 564.82K EURC to 572.99K EURC	+2% from 656.23K EURC to 670.38K EURC	-1% from 86.07% to 85.47%
WETH	-2% from 3.39K WETH to 3.32K WETH	+1% from 4.53K WETH to 4.56K WETH	-3% from 74.86% to 72.80%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-26% from 2.73M VIRTUAL to 2.01M VIRTUAL	+36% from 46.60% to 63.34%
cbETH	-0% from 697.24 cbETH to 697.23 cbETH	-9% from 1.50K cbETH to 1.36K cbETH	+10% from 46.44% to 51.29%
DAI	-4% from 9.80K DAI to 9.38K DAI	-0% from 22.49K DAI to 22.47K DAI	-4% from 43.57% to 41.76%
cbXRP	-0% from 810.48K cbXRP to 810.40K cbXRP	+4% from 2.45M cbXRP to 2.53M cbXRP	-3% from 33.12% to 31.99%
AERO	-3% from 5.17M AERO to 5.01M AERO	+10% from 16.99M AERO to 18.63M AERO	-12% from 30.46% to 26.90%
MAMO	-31% from 390.57K MAMO to 269.09K MAMO	+0% from 1.59M MAMO to 1.59M MAMO	-31% from 24.56% to 16.90%
cbBTC	-2% from 22.23 cbBTC to 21.86 cbBTC	+9% from 132.76 cbBTC to 144.11 cbBTC	-9% from 16.74% to 15.17%
wstETH	+0% from 141.41 wstETH to 141.43 wstETH	+2% from 900.64 wstETH to 921.88 wstETH	-2% from 15.70% to 15.34%
WELL	-7% from 28.35M WELL to 26.23M WELL	+2% from 169.46M WELL to 172.75M WELL	-9% from 16.73% to 15.18%
USDbC	+0% from 912.37 USDbC to 912.44 USDbC	+0% from 8.08K USDbC to 8.08K USDbC	+0% from 11.29% to 11.29%
tBTC	+1% from 0.08 tBTC to 0.08 tBTC	-16% from 1.02 tBTC to 0.86 tBTC	+21% from 7.48% to 9.03%
LBTC	-2% from 4.23 LBTC to 4.16 LBTC	-1% from 55.15 LBTC to 54.57 LBTC	-1% from 7.68% to 7.63%
MORPHO	-2% from 205.61K MORPHO to 200.51K MORPHO	-1% from 5.68M MORPHO to 5.65M MORPHO	-2% from 3.62% to 3.55%
rETH	-0% from 14.32 rETH to 14.31 rETH	-0% from 759.57 rETH to 759.16 rETH	+0% from 1.88% to 1.89%
weETH	0% from 0.30 weETH to 0.30 weETH	-3% from 70.07 weETH to 68.31 weETH	+3% from 0.43% to 0.44%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 33.16 wrsETH to 33.15 wrsETH	+0% from 0.04% to 0.04%
VVV	+3% from 0.10 VVV to 0.10 VVV	+0% from 76.89K VVV to 77.09K VVV	+3% from 0.00% to 0.00%

Notable Trends

cbBTC supply +9% (132.76 → 144.11 cbBTC)
AERO supply +10% (16.99M → 18.63M AERO)
VIRTUAL supply -26% (2.73M → 2.01M VIRTUAL)
cbETH supply -9% (1.50K → 1.36K cbETH)

Liquidations

Total liquidations: 50
Total Collateral Seized (USD): $21,842.22
Total Debt Repaid (USD): $19,856.56
Total Liquidation Bonus (USD): $1,985.66
Total Liquidator Bonus (USD): $1,389.96
Total Protocol Bonus (USD): $595.70

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbXRP	9,751.704900	$12,745.88	$11,587.16	$1,158.72	$811.10	$347.61	2
AERO	9,608.516900	$3,894.29	$3,540.27	$354.03	$247.82	$106.21	5
cbBTC	0.035750	$2,711.99	$2,465.44	$246.54	$172.58	$73.96	3
WETH	0.682057	$1,362.10	$1,238.28	$123.83	$86.68	$37.15	25
USDC	742.633530	$742.38	$674.89	$67.49	$47.24	$20.25	10
rETH	0.154615	$378.22	$343.84	$34.38	$24.07	$10.32	1
VVV	0.325755	$5.76	$5.24	$0.52	$0.37	$0.16	3
cbETH	0.000714	$1.59	$1.45	$0.14	$0.10	$0.04	1

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%	99.91%
DAI	4.50M	4.80M	1.31%	1.43%	85.88%
USDT0	8.00M	10.00M	0.55%	0.52%	83.67%
USDC	34.00M	36.40M	1.52%	1.98%	71.87%
USDT	18.40M	22.60M	0.18%	0.21%	69.44%
WETH	30.00K	32.00K	1.49%	2.62%	46.37%
OP	650.00K	5.60M	52.41%	13.55%	44.88%
weETH	0.00	0.00	0.00%	0.00%	14.07%
rETH	0.00	750.00	0.00%	2.27%	13.63%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	45.29%	43.75%	7.76%
wstETH	0.00	5.00K	0.00%	2.30%	3.07%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$5,399.00	2.31981511	$629.34	0.2721
wstETH	$3,451.00	1.39758305	$5,217.86	2.1264
cbETH	$375.00	0.16600263	$14.83	0.0066
VELO	$22.00	1456.54708426	$8,171.62	544774.8114

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 99.91% to 99.91%
DAI	+2% from 58.85K DAI to 60.23K DAI	-1% from 68.80K DAI to 68.28K DAI	+3% from 85.55% to 88.21%
USDT0	+1% from 43.74K USDT0 to 44.20K USDT0	+0% from 52.43K USDT0 to 52.54K USDT0	+1% from 83.43% to 84.12%
USDC	+1% from 516.60K USDC to 520.28K USDC	+2% from 714.43K USDC to 731.67K USDC	-2% from 72.31% to 71.11%
USDT	-65% from 79.00K USDT to 27.53K USDT	-61% from 104.46K USDT to 40.28K USDT	-10% from 75.63% to 68.35%
WETH	-6% from 766.77 WETH to 721.57 WETH	-4% from 1.15K WETH to 1.10K WETH	-2% from 66.86% to 65.34%
OP	+0% from 341.17K OP to 342.31K OP	-2% from 764.50K OP to 747.51K OP	+3% from 44.63% to 45.79%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 9.17 weETH to 9.17 weETH	0% from 14.07% to 14.07%
rETH	+0% from 2.32 rETH to 2.32 rETH	-0% from 17.04 rETH to 17.04 rETH	+0% from 13.63% to 13.63%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
VELO	+45% from 2.10M VELO to 3.04M VELO	+3% from 34.68M VELO to 35.79M VELO	+40% from 6.05% to 8.49%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	+9% from 108.27 wstETH to 117.67 wstETH	-8% from 3.25% to 2.99%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.46 wrsETH to 12.46 wrsETH	0% from 2.22% to 2.22%

Notable Trends

USDT supply -61% (104.46K → 40.28K USDT)
USDT borrows -65% (79.00K → 27.53K USDT)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $6,429.76
Total Debt Repaid (USD): $5,845.24
Total Liquidation Bonus (USD): $584.52
Total Liquidator Bonus (USD): $409.17
Total Protocol Bonus (USD): $175.36

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VELO	410,218.000000	$6,429.76	$5,845.24	$584.52	$409.17	$175.36	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14512.33M%	100.00%
xcUSDC	0.10	7.97M%	18.76%
xcUSDT	0.10	11.98M%	15.36%
USDC.wh	0.10	7.87M%	8.35%
ETH.wh	0.10	822.20%	3.27%
BTC.wh	0.10	10.30%	1.00%
FRAX	0.10	134.16K%	0.36%
xcDOT	0.10	3.29M%	0.31%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$175,126.00	14397120.50165454	$63,755.89	5312990.5401

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.51M GLMR to 14.51M GLMR	+0% from 14.51M GLMR to 14.51M GLMR	0% from 100.00% to 100.00%
xcUSDC	-0% from 7.98K xcUSDC to 7.97K xcUSDC	+0% from 42.50K xcUSDC to 42.51K xcUSDC	-0% from 18.76% to 18.75%
xcUSDT	+0% from 11.98K xcUSDT to 11.98K xcUSDT	+0% from 78.01K xcUSDT to 78.03K xcUSDT	-0% from 15.36% to 15.36%
USDC.wh	0% from 7.87K USDC.wh to 7.87K USDC.wh	0% from 94.19K USDC.wh to 94.19K USDC.wh	0% from 8.35% to 8.35%
ETH.wh	0% from 0.82 ETH.wh to 0.82 ETH.wh	0% from 25.16 ETH.wh to 25.16 ETH.wh	0% from 3.27% to 3.27%
BTC.wh	0% from 0.01 BTC.wh to 0.01 BTC.wh	0% from 1.03 BTC.wh to 1.03 BTC.wh	0% from 1.00% to 1.00%
FRAX	0% from 134.16 FRAX to 134.16 FRAX	0% from 37.59K FRAX to 37.59K FRAX	0% from 0.36% to 0.36%
xcDOT	+0% from 3.29K xcDOT to 3.30K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 0.31% to 0.31%

Liquidations

No liquidation events this week.

AnthiasLabs · June 5, 2026, 3:45am

Weekly Update (5/29/26 - 6/4/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, and Moonbeam. Data from 5/29/26 to 6/4/26. 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
USDC	184.00M	200.00M	7.51%	7.71%	89.62%
USDS	690.00K	750.00K	1.23%	1.29%	87.56%
EURC	21.00M	21.90M	2.74%	3.06%	85.95%
VIRTUAL	0.00	4.50M	0.00%	40.45%	74.21%
WETH	64.00K	96.00K	5.09%	4.84%	70.09%
cbETH	0.00	4.00K	0.00%	30.85%	56.80%
DAI	300.00K	400.00K	3.23%	5.62%	43.11%
cbXRP	0.00	5.00M	0.00%	50.40%	32.11%
AERO	7.50M	70.00M	70.34%	28.00%	27.02%
MAMO	3.00M	20.00M	10.87%	9.46%	16.92%
wstETH	500.00	14.40K	28.73%	6.43%	15.52%
WELL	34.00M	250.00M	74.44%	69.23%	14.62%
cbBTC	90.00	1.50K	22.98%	9.76%	14.15%
USDbC	1.00	1.00	90.87K%	808.14K%	11.24%
tBTC	5.00	50.00	1.57%	1.74%	9.01%
LBTC	10.00	95.00	43.01%	57.63%	7.85%
MORPHO	100.00K	6.00M	200.49%	94.12%	3.55%
rETH	200.00	2.60K	6.97%	29.18%	1.84%
weETH	0.00	5.40K	0.00%	1.27%	0.44%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	46.31%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,340,361.74	673.65740551	$2,595.32	1.2994
cbXRP	$879,407.61	757592.481597	$7,552.68	6444.2672
VIRTUAL	$795,572.92	1257561.02328104	$11,245.76	17039.0246
WETH	$425,850.00	242.09231584	$132,122.73	74.8232
USDC	$230,810.13	230890.911506	$72,975.48	72975.4783
MORPHO	$215,182.39	119664.54876707	$27,003.31	14788.2287
EURC	$196,225.96	168642.347563	$30,148.49	25900.7661
wstETH	$178,582.64	82.13801742	$77,826.98	35.6656
AERO	$167,232.52	473357.68563189	$112,443.74	309762.3732
cbBTC	$19,835.70	0.3129873	$113,394.51	1.788
DAI	$1,530.24	1530.75531013	$1,961.11	1961.1121
USDS	$1,060.44	1060.78102999	$172.59	172.5946
tBTC	$767.57	0.01211761	$5,553.38	0.0878
WELL	$87.11	23631.48667031	$11,467.76	2866940.9663
weETH	$6.40	0.00331824	$13,644.85	7.0511
rETH	$1.93	0.00094269	$8,626.96	4.1946
LBTC	$1.00	0.00001577	$13,487.84	0.2118
wrsETH	$0.89	0.00047018	$2,224.98	1.1744
MAMO	$0.39	45.13287514	$252.21	28023.5773
USDbC	$0.03	0.033592	$3.42	3.421

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+3% from 13.98M USDC to 14.46M USDC	-2% from 15.62M USDC to 15.38M USDC	+5% from 89.52% to 94.06%
USDS	+13% from 8.30K USDS to 9.37K USDS	-2% from 9.67K USDS to 9.46K USDS	+15% from 85.91% to 99.05%
EURC	-9% from 571.12K EURC to 518.87K EURC	-12% from 670.39K EURC to 587.65K EURC	+4% from 85.19% to 88.30%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+17% from 2.01M VIRTUAL to 2.35M VIRTUAL	-15% from 63.36% to 54.11%
WETH	-1% from 3.32K WETH to 3.28K WETH	+4% from 4.58K WETH to 4.76K WETH	-5% from 72.56% to 68.99%
cbETH	-0% from 697.20 cbETH to 696.87 cbETH	-15% from 1.36K cbETH to 1.16K cbETH	+17% from 51.29% to 60.02%
DAI	+15% from 9.46K DAI to 10.85K DAI	+0% from 22.47K DAI to 22.48K DAI	+15% from 42.10% to 48.28%
cbXRP	-1% from 810.40K cbXRP to 806.06K cbXRP	-2% from 2.53M cbXRP to 2.49M cbXRP	+1% from 31.99% to 32.40%
AERO	+2% from 5.01M AERO to 5.14M AERO	-1% from 18.63M AERO to 18.39M AERO	+4% from 26.89% to 27.92%
MAMO	+174% from 269.09K MAMO to 736.42K MAMO	+142% from 1.59M MAMO to 3.85M MAMO	+13% from 16.90% to 19.12%
wstETH	+18% from 141.43 wstETH to 166.52 wstETH	-0% from 921.85 wstETH to 917.35 wstETH	+18% from 15.34% to 18.15%
WELL	-4% from 26.23M WELL to 25.06M WELL	+1% from 172.75M WELL to 174.19M WELL	-5% from 15.18% to 14.39%
cbBTC	-8% from 22.15 cbBTC to 20.29 cbBTC	+28% from 144.22 cbBTC to 184.49 cbBTC	-28% from 15.36% to 11.00%
USDbC	-0% from 912.44 USDbC to 908.28 USDbC	-0% from 8.08K USDbC to 8.08K USDbC	-0% from 11.29% to 11.24%
tBTC	+9% from 0.08 tBTC to 0.08 tBTC	+6% from 0.86 tBTC to 0.91 tBTC	+3% from 9.03% to 9.27%
LBTC	+3% from 4.16 LBTC to 4.28 LBTC	+1% from 54.57 LBTC to 55.03 LBTC	+2% from 7.63% to 7.78%
MORPHO	-0% from 200.51K MORPHO to 200.39K MORPHO	-0% from 5.65M MORPHO to 5.64M MORPHO	-0% from 3.55% to 3.55%
rETH	-12% from 14.31 rETH to 12.60 rETH	-1% from 759.16 rETH to 747.79 rETH	-11% from 1.89% to 1.68%
weETH	0% from 0.30 weETH to 0.30 weETH	+0% from 68.31 weETH to 68.34 weETH	-0% from 0.44% to 0.44%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	0% from 33.15 wrsETH to 33.15 wrsETH	0% from 0.04% to 0.04%
VVV	+0% from 0.10 VVV to 0.10 VVV	+15% from 77.09K VVV to 88.29K VVV	-13% from 0.00% to 0.00%

Notable Trends

cbBTC supply +28% (144.22 → 184.49 cbBTC)
cbETH supply -15% (1.36K → 1.16K cbETH)
VIRTUAL supply +17% (2.01M → 2.35M VIRTUAL)

Liquidations

Total liquidations: 77
Total Collateral Seized (USD): $107,329.27
Total Debt Repaid (USD): $97,572.06
Total Liquidation Bonus (USD): $9,757.21
Total Liquidator Bonus (USD): $6,830.04
Total Protocol Bonus (USD): $2,927.16

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbXRP	77,126.375200	$96,224.66	$87,476.96	$8,747.70	$6,123.39	$2,624.31	7
cbBTC	0.067211	$4,704.62	$4,276.93	$427.69	$299.39	$128.31	2
WETH	1.411635	$2,634.54	$2,395.03	$239.50	$167.65	$71.85	26
AERO	3,704.082977	$1,396.28	$1,269.35	$126.93	$88.85	$38.08	24
wstETH	0.535839	$1,233.49	$1,121.35	$112.14	$78.49	$33.64	1
USDC	385.846742	$385.69	$350.63	$35.06	$24.54	$10.52	8
rETH	0.151841	$324.52	$295.02	$29.50	$20.65	$8.85	1
USDS	157.893000	$157.82	$143.47	$14.35	$10.04	$4.30	1
cbETH	0.057624	$125.98	$114.53	$11.45	$8.02	$3.44	1
VVV	5.978840	$105.63	$96.03	$9.60	$6.72	$2.88	1
WELL	7,635.885000	$28.58	$25.98	$2.60	$1.82	$0.78	4
weETH	0.003652	$7.45	$6.78	$0.68	$0.47	$0.20	1

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%	99.91%
DAI	4.50M	4.80M	1.17%	1.29%	84.31%
USDT0	8.00M	10.00M	0.55%	0.53%	83.96%
USDC	34.00M	36.40M	1.58%	2.01%	73.30%
USDT	18.40M	22.60M	0.15%	0.18%	68.88%
WETH	30.00K	32.00K	2.58%	3.61%	66.90%
OP	650.00K	5.60M	45.43%	13.31%	39.62%
weETH	0.00	0.00	0.00%	0.00%	14.07%
rETH	0.00	750.00	0.00%	2.27%	13.65%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
VELO	6.00M	80.00M	49.77%	55.53%	7.49%
wstETH	0.00	5.00K	0.00%	2.36%	2.98%
wrsETH	0.00	0.00	0.00%	0.00%	2.22%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,774.00	2.32036149	$592.46	0.2721
wstETH	$3,051.00	1.39763183	$4,912.60	2.1264
cbETH	$332.00	0.16600263	$13.96	0.0066
VELO	$20.00	1457.31117991	$8,361.42	557428.2194

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 99.91% to 99.91%
DAI	-52% from 60.23K DAI to 29.04K DAI	-44% from 68.28K DAI to 37.91K DAI	-13% from 88.21% to 76.61%
USDT0	+1% from 44.20K USDT0 to 44.56K USDT0	-0% from 52.54K USDT0 to 52.47K USDT0	+1% from 84.12% to 84.94%
USDC	+26% from 520.28K USDC to 654.86K USDC	+8% from 731.67K USDC to 791.96K USDC	+16% from 71.11% to 82.69%
USDT	+0% from 27.53K USDT to 27.54K USDT	-2% from 40.28K USDT to 39.53K USDT	+2% from 68.35% to 69.65%
WETH	+8% from 721.57 WETH to 777.56 WETH	+5% from 1.10K WETH to 1.16K WETH	+2% from 65.35% to 66.80%
OP	-14% from 342.31K OP to 293.53K OP	-2% from 747.51K OP to 732.20K OP	-12% from 45.79% to 40.09%
weETH	+0% from 1.29 weETH to 1.29 weETH	-0% from 9.17 weETH to 9.17 weETH	+0% from 14.07% to 14.09%
rETH	+0% from 2.32 rETH to 2.32 rETH	-1% from 17.04 rETH to 16.86 rETH	+1% from 13.63% to 13.78%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
VELO	-2% from 3.04M VELO to 2.98M VELO	+112% from 35.79M VELO to 75.98M VELO	-54% from 8.49% to 3.92%
wstETH	-0% from 3.52 wstETH to 3.52 wstETH	+0% from 117.67 wstETH to 118.13 wstETH	-0% from 2.99% to 2.98%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.46 wrsETH to 12.46 wrsETH	0% from 2.22% to 2.22%

Notable Trends

VELO supply +112% (35.79M → 75.98M VELO)
USDC borrows +26% (520.28K → 654.86K USDC)
DAI borrows -52% (60.23K → 29.04K DAI**)

Liquidations

Total liquidations: 11
Total Collateral Seized (USD): $397.31
Total Debt Repaid (USD): $361.19
Total Liquidation Bonus (USD): $36.12
Total Liquidator Bonus (USD): $25.28
Total Protocol Bonus (USD): $10.84

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
rETH	0.177718	$361.56	$328.69	$32.87	$23.01	$9.86	2
OP	181.278000	$18.98	$17.25	$1.73	$1.21	$0.52	1
WETH	0.004731	$8.18	$7.44	$0.74	$0.52	$0.22	6
weETH	0.002758	$5.28	$4.80	$0.48	$0.34	$0.14	1
VELO	226.898000	$3.31	$3.01	$0.30	$0.21	$0.09	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14514.71M%	100.00%
xcUSDC	0.10	7.72M%	18.18%
xcUSDT	0.10	11.91M%	15.27%
USDC.wh	0.10	7.68M%	8.15%
ETH.wh	0.10	822.60%	3.27%
BTC.wh	0.10	10.62%	1.03%
FRAX	0.10	122.59K%	0.33%
xcDOT	0.10	3.30M%	0.31%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$140,199.00	14400478.81712186	$53,165.74	5316573.9968

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.51M GLMR to 14.52M GLMR	+0% from 14.51M GLMR to 14.52M GLMR	0% from 100.00% to 100.00%
xcUSDC	-16% from 7.97K xcUSDC to 6.66K xcUSDC	-0% from 42.51K xcUSDC to 42.33K xcUSDC	-16% from 18.75% to 15.73%
xcUSDT	-4% from 11.98K xcUSDT to 11.45K xcUSDT	-0% from 78.03K xcUSDT to 77.98K xcUSDT	-4% from 15.36% to 14.68%
USDC.wh	-10% from 7.87K USDC.wh to 7.08K USDC.wh	+0% from 94.19K USDC.wh to 94.20K USDC.wh	-10% from 8.35% to 7.51%
ETH.wh	+0% from 0.82 ETH.wh to 0.82 ETH.wh	-0% from 25.16 ETH.wh to 25.06 ETH.wh	+1% from 3.27% to 3.29%
BTC.wh	+10% from 0.01 BTC.wh to 0.01 BTC.wh	-1% from 1.03 BTC.wh to 1.02 BTC.wh	+11% from 1.00% to 1.10%
FRAX	-32% from 134.16 FRAX to 91.84 FRAX	-0% from 37.59K FRAX to 37.57K FRAX	-32% from 0.36% to 0.24%
xcDOT	+0% from 3.30K xcDOT to 3.30K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 0.31% to 0.31%

Liquidations

No liquidation events this week.

AnthiasLabs · June 12, 2026, 12:52am

Weekly Update (6/5/26 - 6/11/26)

Anthias Labs would like to provide an update on market performance over the past week for Core markets on Base, OP Mainnet, Ethereum, and Moonbeam. Data from 6/5/26 to 6/11/26. 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%	19.13%	91.40%
USDC	184.00M	200.00M	7.46%	7.68%	89.29%
USDS	690.00K	750.00K	1.36%	1.41%	89.14%
VIRTUAL	0.00	4.50M	0.00%	33.80%	88.31%
EURC	21.00M	21.90M	2.45%	2.77%	84.94%
WETH	64.00K	96.00K	5.60%	5.24%	71.25%
DAI	300.00K	400.00K	4.22%	5.63%	56.18%
cbXRP	0.00	5.00M	0.00%	49.17%	32.67%
AERO	7.50M	70.00M	69.19%	32.92%	22.65%
MAMO	3.00M	20.00M	19.64%	17.96%	16.38%
wstETH	500.00	14.40K	28.41%	6.12%	16.11%
WELL	34.00M	250.00M	82.12%	70.53%	15.83%
USDbC	1.00	1.00	90.01K%	807.91K%	11.14%
cbBTC	90.00	1.50K	21.49%	12.61%	10.23%
tBTC	5.00	50.00	1.89%	1.94%	9.74%
LBTC	10.00	95.00	41.13%	56.89%	7.61%
MORPHO	100.00K	6.00M	200.22%	94.18%	3.54%
rETH	200.00	2.60K	5.13%	28.29%	1.39%
weETH	0.00	5.40K	0.00%	1.28%	0.37%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	41.82%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,278,511.61	673.78597626	$2,705.36	1.4312
cbXRP	$864,870.42	757734.353326	$10,127.23	9009.9888
VIRTUAL	$741,208.36	1257804.46103417	$10,105.90	17575.4866
WETH	$405,771.16	242.12161762	$133,363.44	79.8803
USDC	$231,112.40	231175.805537	$74,969.74	74969.7403
MORPHO	$230,744.69	119682.39308683	$29,839.94	14816.258
EURC	$195,254.14	168915.776587	$29,968.75	25991.981
wstETH	$170,253.27	82.15372156	$74,930.11	36.298
AERO	$165,524.89	473832.27466287	$108,036.81	312245.1151
cbBTC	$19,878.36	0.31302569	$115,457.93	1.83
DAI	$1,533.51	1533.82381679	$1,985.34	1985.338
USDS	$1,063.09	1063.45510516	$177.45	177.4499
tBTC	$767.06	0.01212033	$5,528.79	0.0878
WELL	$87.03	23647.25008419	$11,526.26	2881563.7782
weETH	$6.10	0.00331828	$12,900.78	7.0516
rETH	$1.84	0.00094271	$8,957.86	4.6048
LBTC	$1.01	0.00001577	$14,566.11	0.2299
wrsETH	$0.84	0.00047018	$2,104.90	1.1745
MAMO	$0.37	45.19785555	$232.85	29106.5416
USDbC	$0.03	0.033595	$3.52	3.516

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	-1% from 696.87 cbETH to 687.63 cbETH	-41% from 1.16K cbETH to 687.72 cbETH	+67% from 60.04% to 99.99%
USDC	-7% from 14.45M USDC to 13.50M USDC	-2% from 15.44M USDC to 15.19M USDC	-5% from 93.62% to 88.88%
USDS	+1% from 9.37K USDS to 9.44K USDS	+4% from 10.21K USDS to 10.61K USDS	-3% from 91.78% to 88.97%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-46% from 2.35M VIRTUAL to 1.28M VIRTUAL	+84% from 54.11% to 99.52%
EURC	-1% from 518.92K EURC to 513.21K EURC	+9% from 587.72K EURC to 639.78K EURC	-9% from 88.29% to 80.22%
WETH	+9% from 3.28K WETH to 3.57K WETH	+5% from 4.76K WETH to 4.99K WETH	+4% from 68.91% to 71.42%
DAI	+23% from 10.85K DAI to 13.31K DAI	+1% from 22.48K DAI to 22.63K DAI	+22% from 48.28% to 58.84%
cbXRP	-0% from 806.06K cbXRP to 802.63K cbXRP	-2% from 2.49M cbXRP to 2.45M cbXRP	+1% from 32.40% to 32.77%
AERO	+2% from 5.14M AERO to 5.22M AERO	+29% from 18.40M AERO to 23.72M AERO	-21% from 27.92% to 22.01%
MAMO	-44% from 736.42K MAMO to 413.24K MAMO	-8% from 3.85M MAMO to 3.56M MAMO	-39% from 19.12% to 11.62%
wstETH	-15% from 166.52 wstETH to 141.42 wstETH	-4% from 917.35 wstETH to 877.03 wstETH	-11% from 18.15% to 16.12%
WELL	+20% from 25.06M WELL to 30.07M WELL	+2% from 174.19M WELL to 176.93M WELL	+18% from 14.39% to 17.00%
USDbC	-1% from 908.28 USDbC to 899.70 USDbC	-0% from 8.08K USDbC to 8.08K USDbC	-1% from 11.24% to 11.14%
cbBTC	+10% from 20.28 cbBTC to 22.27 cbBTC	+3% from 184.36 cbBTC to 189.73 cbBTC	+7% from 11.00% to 11.73%
tBTC	+3% from 0.08 tBTC to 0.09 tBTC	+7% from 0.91 tBTC to 0.98 tBTC	-3% from 9.27% to 8.95%
LBTC	-11% from 4.28 LBTC to 3.81 LBTC	-2% from 55.03 LBTC to 53.81 LBTC	-9% from 7.78% to 7.08%
MORPHO	-1% from 200.39K MORPHO to 198.19K MORPHO	+0% from 5.64M MORPHO to 5.65M MORPHO	-1% from 3.55% to 3.51%
rETH	-22% from 12.60 rETH to 9.85 rETH	-2% from 747.79 rETH to 733.90 rETH	-20% from 1.68% to 1.34%
weETH	-20% from 0.30 weETH to 0.24 weETH	+7% from 68.34 weETH to 73.39 weETH	-26% from 0.44% to 0.32%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 33.15 wrsETH to 33.15 wrsETH	+0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	-40% from 88.29K VVV to 52.91K VVV	+67% from 0.00% to 0.00%

Notable Trends

AERO supply +29% (18.40M → 23.72M AERO)
USDC borrows -7% (14.45M → 13.50M USDC)
cbETH supply -41% (1.16K → 687.72 cbETH)
VIRTUAL supply -46% (2.35M → 1.28M VIRTUAL)
VVV supply -40% (88.29K → 52.91K VV*)
WETH borrows +9% (3.28K → 3.57K WETH)

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%	99.91%
USDT0	8.00M	10.00M	0.55%	0.52%	84.26%
USDC	34.00M	36.40M	1.73%	2.09%	77.10%
DAI	4.50M	4.80M	0.63%	0.78%	75.46%
WETH	30.00K	32.00K	2.59%	3.62%	67.14%
USDT	18.40M	22.60M	0.13%	0.16%	65.63%
OP	650.00K	5.60M	38.67%	13.18%	34.06%
weETH	0.00	0.00	0.00%	0.00%	14.13%
rETH	0.00	750.00	0.00%	2.24%	13.85%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
wstETH	0.00	5.00K	0.00%	2.32%	3.05%
VELO	6.00M	80.00M	34.39%	92.76%	2.78%
wrsETH	0.00	0.00	0.00%	0.00%	2.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,519.00	2.32047712	$546.29	0.2805
wstETH	$2,889.00	1.3976799	$4,396.35	2.127
cbETH	$314.00	0.16600263	$12.49	0.0066
VELO	$20.00	1457.95428125	$8,259.48	589962.9086

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 0.17 cbETH to 0.17 cbETH	0% from 99.91% to 99.91%
USDT0	-2% from 44.56K USDT0 to 43.83K USDT0	-1% from 52.47K USDT0 to 51.91K USDT0	-1% from 84.94% to 84.43%
USDC	-26% from 654.87K USDC to 486.05K USDC	-18% from 793.03K USDC to 653.62K USDC	-10% from 82.58% to 74.36%
DAI	-16% from 29.04K DAI to 24.38K DAI	+5% from 36.91K DAI to 38.83K DAI	-20% from 78.68% to 62.78%
WETH	+0% from 778.06 WETH to 779.40 WETH	-1% from 1.16K WETH to 1.15K WETH	+2% from 66.84% to 67.95%
USDT	-15% from 27.54K USDT to 23.43K USDT	-8% from 39.53K USDT to 36.38K USDT	-8% from 69.65% to 64.41%
OP	-54% from 293.53K OP to 135.73K OP	+1% from 732.20K OP to 738.40K OP	-54% from 40.09% to 18.38%
weETH	+0% from 1.29 weETH to 1.29 weETH	-0% from 9.17 weETH to 9.15 weETH	+0% from 14.09% to 14.13%
rETH	+0% from 2.32 rETH to 2.32 rETH	-1% from 16.86 rETH to 16.77 rETH	+1% from 13.78% to 13.86%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	-10% from 118.18 wstETH to 106.68 wstETH	+11% from 2.98% to 3.30%
VELO	-36% from 2.98M VELO to 1.91M VELO	-3% from 75.98M VELO to 73.99M VELO	-34% from 3.92% to 2.59%
wrsETH	+0% from 0.28 wrsETH to 0.28 wrsETH	-1% from 12.46 wrsETH to 12.40 wrsETH	+1% from 2.22% to 2.23%

Notable Trends

USDC borrows -26% (654.87K → 486.05K USDC)
USDC supply -18% (793.03K → 653.62K USDC)
wstETH supply -10% (118.18 → 106.68 wstETH)
OP borrows -54% (293.53K → 135.73K OP)

Liquidations

Total liquidations: 51
Total Collateral Seized (USD): $23,191.55
Total Debt Repaid (USD): $21,083.23
Total Liquidation Bonus (USD): $2,108.32
Total Liquidator Bonus (USD): $1,475.83
Total Protocol Bonus (USD): $632.50

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VELO	1,074,244.998060	$13,618.34	$12,380.31	$1,238.03	$866.62	$371.41	11
WETH	5.448232	$9,039.64	$8,217.85	$821.79	$575.25	$246.54	10
OP	2,092.035920	$195.56	$177.78	$17.78	$12.44	$5.33	19
rETH	0.098709	$181.26	$164.78	$16.48	$11.53	$4.94	3
weETH	0.028688	$50.99	$46.35	$4.64	$3.24	$1.39	5
USDC	42.252600	$42.24	$38.40	$3.84	$2.69	$1.15	1
wstETH	0.021135	$41.47	$37.70	$3.77	$2.64	$1.13	1
USDT0	22.078100	$22.06	$20.06	$2.01	$1.40	$0.60	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14518.13M%	100.00%
xcUSDT	0.10	11.06M%	14.18%
xcUSDC	0.10	5.49M%	12.98%
USDC.wh	0.10	6.66M%	7.09%
ETH.wh	0.10	823.88%	3.31%
BTC.wh	0.10	11.82%	1.16%
xcDOT	0.10	3.30M%	0.31%
FRAX	0.10	70.46K%	0.19%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$134,192.00	14402952.44050636	$47,872.39	5319153.9155

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.52M GLMR to 14.52M GLMR	+0% from 14.52M GLMR to 14.52M GLMR	0% from 100.00% to 100.00%
xcUSDT	-4% from 11.45K xcUSDT to 11.00K xcUSDT	-0% from 77.98K xcUSDT to 77.98K xcUSDT	-4% from 14.68% to 14.11%
xcUSDC	-19% from 6.66K xcUSDC to 5.42K xcUSDC	-0% from 42.33K xcUSDC to 42.26K xcUSDC	-18% from 15.73% to 12.82%
USDC.wh	-9% from 7.08K USDC.wh to 6.45K USDC.wh	-0% from 94.20K USDC.wh to 93.96K USDC.wh	-9% from 7.51% to 6.87%
ETH.wh	+0% from 0.82 ETH.wh to 0.82 ETH.wh	-1% from 25.06 ETH.wh to 24.87 ETH.wh	+1% from 3.29% to 3.31%
BTC.wh	+6% from 0.01 BTC.wh to 0.01 BTC.wh	-0% from 1.02 BTC.wh to 1.02 BTC.wh	+7% from 1.10% to 1.18%
xcDOT	+0% from 3.30K xcDOT to 3.30K xcDOT	-0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 0.31% to 0.31%
FRAX	-25% from 91.84 FRAX to 68.80 FRAX	-0% from 37.57K FRAX to 37.53K FRAX	-25% from 0.24% to 0.18%

Notable Trends

xcUSDC borrows -19% (6.66K → 5.42K xcUSDC)
USDC.wh borrows -9% (7.08K → 6.45K USDC.wh)
xcUSDT borrows -4% (11.45K → 11.00K xcUSDT)

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	0.00%	0.00%	0.00%
USDC	180.00M	200.00M	0.00%	0.00%	0.00%
USDT	180.00M	200.00M	0.00%	0.00%	0.00%
cbBTC	600.00	1.00K	0.00%	0.00%	0.00%

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	N/A	+742% from 0.00 WETH to 0.01 WETH	N/A
USDC	N/A	+87308% from 5.69 USDC to 4.97K USDC	N/A
USDT	N/A	0% from 1.00 USDT to 1.00 USDT	N/A
cbBTC	N/A	0% from 0.00 cbBTC to 0.00 cbBTC	N/A

Notable Trends

USDC supply +87308% (5.69 → 4.97K USDC)

Liquidations

No liquidation events this week.

AnthiasLabs · June 19, 2026, 1:02am

Weekly Update (6/12/26 - 6/18/26)

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 6/12/26 to 6/18/26. 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
VIRTUAL	0.00	4.50M	0.00%	28.25%	100.00%
cbETH	0.00	4.00K	0.00%	17.78%	97.22%
USDC	184.00M	200.00M	7.35%	7.56%	89.37%
USDS	690.00K	750.00K	1.37%	1.46%	87.65%
EURC	21.00M	21.90M	2.42%	2.87%	80.80%
WETH	64.00K	96.00K	5.89%	5.36%	73.31%
DAI	300.00K	400.00K	4.16%	5.66%	55.12%
MAMO	3.00M	20.00M	18.48%	10.04%	33.81%
cbXRP	0.00	5.00M	0.00%	49.18%	32.64%
AERO	7.50M	70.00M	70.58%	34.87%	21.68%
WELL	34.00M	250.00M	77.24%	70.68%	14.86%
wstETH	500.00	14.40K	26.68%	6.65%	14.19%
cbBTC	90.00	1.50K	24.62%	12.21%	12.09%
USDbC	1.00	1.00	89.97K%	807.86K%	11.14%
tBTC	5.00	50.00	1.78%	1.97%	9.03%
LBTC	10.00	95.00	41.74%	56.89%	7.72%
MORPHO	100.00K	6.00M	192.90%	94.14%	3.41%
rETH	200.00	2.60K	4.92%	28.23%	1.34%
weETH	0.00	5.40K	0.00%	1.29%	0.34%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%
VVV	0.00	170.00K	0.00%	31.24%	0.00%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,287,654.24	673.9086212	$2,977.15	1.5635
cbXRP	$864,048.98	757877.863215	$11,840.50	10332.0234
VIRTUAL	$734,404.52	1258045.14692688	$10,357.77	17827.479
WETH	$282,873.53	167.73517604	$10,110.17	6.0157
MORPHO	$202,017.86	104929.06248736	$141.71	73.5784
EURC	$164,668.67	143289.466843	$324.13	282.0939
USDC	$161,830.90	161873.94949	$7,224.80	7224.8049
wstETH	$97,075.69	46.52393185	$1,370.12	0.6589
AERO	$73,246.80	168483.64577275	$3,770.89	8668.7174
cbBTC	$2,514.77	0.04000294	$6,992.99	0.1117
DAI	$1,536.53	1536.94023451	$2,014.42	2014.4195
USDS	$1,068.41	1068.77648765	$182.42	182.4203
tBTC	$760.37	0.01212209	$5,476.96	0.0878
WELL	$87.64	23662.37779388	$11,544.31	2886078.2368
weETH	$6.14	0.00331831	$13,000.48	7.0516
rETH	$1.85	0.00094271	$9,020.84	4.6049
LBTC	$1.00	0.00001577	$14,460.70	0.23
wrsETH	$0.86	0.00047019	$2,119.98	1.1745
MAMO	$0.37	45.33131652	$237.01	29626.7727
USDbC	$0.03	0.033596	$3.54	3.5415

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	0% from 100.00% to 100.00%
cbETH	+0% from 687.63 cbETH to 687.71 cbETH	-0% from 687.73 cbETH to 687.71 cbETH	+0% from 99.99% to 100.00%
USDC	-0% from 13.50M USDC to 13.48M USDC	-1% from 15.20M USDC to 15.03M USDC	+1% from 88.83% to 89.70%
USDS	+1% from 9.44K USDS to 9.50K USDS	-0% from 10.61K USDS to 10.57K USDS	+1% from 88.97% to 89.85%
EURC	-5% from 513.22K EURC to 489.41K EURC	-4% from 632.78K EURC to 608.08K EURC	-1% from 81.10% to 80.48%
WETH	+9% from 3.57K WETH to 3.88K WETH	-0% from 5.05K WETH to 5.04K WETH	+9% from 70.64% to 76.86%
DAI	-11% from 13.31K DAI to 11.84K DAI	+0% from 22.63K DAI to 22.66K DAI	-11% from 58.83% to 52.28%
MAMO	+15% from 513.25K MAMO to 590.89K MAMO	-62% from 3.56M MAMO to 1.37M MAMO	+200% from 14.43% to 43.22%
cbXRP	+0% from 802.63K cbXRP to 802.79K cbXRP	+0% from 2.45M cbXRP to 2.46M cbXRP	-0% from 32.74% to 32.62%
AERO	-6% from 5.22M AERO to 4.91M AERO	-1% from 23.72M AERO to 23.58M AERO	-5% from 22.01% to 20.84%
WELL	-13% from 30.07M WELL to 26.17M WELL	-0% from 176.93M WELL to 176.45M WELL	-13% from 17.00% to 14.83%
wstETH	-26% from 141.42 wstETH to 105.24 wstETH	+28% from 877.03 wstETH to 1.12K wstETH	-42% from 16.12% to 9.41%
cbBTC	+7% from 22.27 cbBTC to 23.86 cbBTC	-3% from 190.33 cbBTC to 185.50 cbBTC	+10% from 11.70% to 12.86%
USDbC	+0% from 899.70 USDbC to 899.72 USDbC	+0% from 8.08K USDbC to 8.08K USDbC	+0% from 11.14% to 11.14%
tBTC	+14% from 0.09 tBTC to 0.10 tBTC	+2% from 0.98 tBTC to 0.99 tBTC	+12% from 8.95% to 10.04%
LBTC	+52% from 3.81 LBTC to 5.78 LBTC	+4% from 53.81 LBTC to 55.81 LBTC	+46% from 7.08% to 10.37%
MORPHO	-9% from 198.19K MORPHO to 180.45K MORPHO	-0% from 5.65M MORPHO to 5.64M MORPHO	-9% from 3.51% to 3.20%
rETH	-0% from 9.85 rETH to 9.83 rETH	+0% from 733.90 rETH to 733.96 rETH	-0% from 1.34% to 1.34%
weETH	-6% from 0.24 weETH to 0.22 weETH	-6% from 73.39 weETH to 69.13 weETH	+0% from 0.32% to 0.32%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-0% from 33.15 wrsETH to 33.15 wrsETH	+0% from 0.04% to 0.04%
VVV	0% from 0.10 VVV to 0.10 VVV	+1% from 52.91K VVV to 53.30K VVV	-1% from 0.00% to 0.00%

Notable Trends

WETH borrows +9% (3.57K → 3.88K WETH)
wstETH supply +28% (877.03 → 1.12K wstETH)
LBTC borrows +52% (3.81 → 5.78 LBTC)

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	0.09%	0.31%	7.48%
USDC	180.00M	200.00M	0.01%	0.09%	4.96%
cbBTC	600.00	1.00K	0.03%	0.14%	4.31%
USDT	180.00M	200.00M	0.00%	0.08%	0.01%

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	N/A	+2438629% from 0.01 WETH to 246.31 WETH	N/A
USDC	N/A	+8642872% from 5.69 USDC to 491.87K USDC	N/A
cbBTC	N/A	+3669900% from 0.00 cbBTC to 3.67 cbBTC	N/A
USDT	N/A	+41438436% from 1.00 USDT to 414.39K USDT	N/A

Notable Trends

USDC supply +8642872% (5.69 → 491.87K USDC)
USDT supply +41438436% (1.00 → 414.39K USDT)
WETH supply +2438629% (0.01 → 246.31 WETH)
cbBTC supply +3669900% (0.00 → 3.67 cbBTC)

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%	99.92%
USDT0	8.00M	10.00M	0.55%	0.52%	84.61%
USDC	34.00M	36.40M	1.43%	1.80%	74.09%
WETH	30.00K	32.00K	2.59%	3.58%	67.95%
USDT	18.40M	22.60M	0.13%	0.16%	64.17%
DAI	4.50M	4.80M	0.54%	0.81%	62.78%
OP	650.00K	5.60M	20.23%	13.19%	17.81%
weETH	0.00	90.00	0.00%	10.16%	14.13%
rETH	0.00	750.00	0.00%	2.24%	13.86%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
wstETH	0.00	5.00K	0.00%	2.13%	3.30%
VELO	6.00M	80.00M	32.70%	92.20%	2.66%
wrsETH	0.00	0.00	0.00%	0.00%	2.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,553.00	2.32047712	$549.46	0.2805
wstETH	$2,911.00	1.39773593	$4,422.06	2.1271
cbETH	$367.00	0.1922469	$17.71	0.0093
WETH	$61.00	0.03623388	$52,127.89	31.0166
VELO	$25.00	1458.55882245	$10,052.10	591299.9971

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+16% from 0.17 cbETH to 0.19 cbETH	+16% from 0.17 cbETH to 0.19 cbETH	+0% from 99.91% to 100.00%
USDT0	+0% from 43.83K USDT0 to 43.88K USDT0	-0% from 51.91K USDT0 to 51.82K USDT0	+0% from 84.43% to 84.68%
USDC	-1% from 486.06K USDC to 482.18K USDC	+0% from 653.63K USDC to 654.58K USDC	-1% from 74.36% to 73.66%
WETH	+0% from 778.27 WETH to 778.35 WETH	-0% from 1.15K WETH to 1.14K WETH	+0% from 67.94% to 68.05%
USDT	+0% from 23.43K USDT to 23.45K USDT	+1% from 36.38K USDT to 36.86K USDT	-1% from 64.41% to 63.62%
DAI	0% from 24.38K DAI to 24.38K DAI	0% from 38.83K DAI to 38.83K DAI	0% from 62.78% to 62.78%
OP	-29% from 135.73K OP to 96.81K OP	+0% from 738.40K OP to 738.67K OP	-29% from 18.38% to 13.11%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 9.15 weETH to 9.15 weETH	0% from 14.13% to 14.13%
rETH	0% from 2.32 rETH to 2.32 rETH	0% from 16.77 rETH to 16.77 rETH	0% from 13.86% to 13.86%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	+0% from 106.68 wstETH to 106.83 wstETH	-0% from 3.30% to 3.29%
VELO	+1% from 1.92M VELO to 1.94M VELO	-4% from 73.99M VELO to 70.75M VELO	+6% from 2.59% to 2.74%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	-0% from 12.40 wrsETH to 12.39 wrsETH	+0% from 2.23% to 2.23%

Notable Trends

OP borrows -29% (135.73K → 96.81K OP)

Liquidations

Total liquidations: 9
Total Collateral Seized (USD): $5.17
Total Debt Repaid (USD): $4.70
Total Liquidation Bonus (USD): $0.47
Total Liquidator Bonus (USD): $0.33
Total Protocol Bonus (USD): $0.14

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
wrsETH	0.002498	$4.70	$4.28	$0.43	$0.30	$0.13	7
cbETH	0.000144	$0.29	$0.26	$0.03	$0.02	$0.01	1
VELO	12.700800	$0.18	$0.16	$0.02	$0.01	$0.00	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14519.02M%	100.00%
xcUSDT	0.10	11.00M%	14.11%
xcUSDC	0.10	5.42M%	12.82%
USDC.wh	0.10	6.45M%	6.87%
ETH.wh	0.10	823.90%	3.31%
BTC.wh	0.10	12.00%	1.18%
xcDOT	0.10	3.30M%	0.31%
FRAX	0.10	68.80K%	0.18%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$127,061.00	14402952.44050636	$47,872.39	5319153.9155

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	0% from 14.52M GLMR to 14.52M GLMR	0% from 14.52M GLMR to 14.52M GLMR	0% from 100.00% to 100.00%
xcUSDT	0% from 11.00K xcUSDT to 11.00K xcUSDT	0% from 77.98K xcUSDT to 77.98K xcUSDT	0% from 14.11% to 14.11%
xcUSDC	0% from 5.42K xcUSDC to 5.42K xcUSDC	0% from 42.26K xcUSDC to 42.26K xcUSDC	0% from 12.82% to 12.82%
USDC.wh	+0% from 6.45K USDC.wh to 6.46K USDC.wh	+0% from 93.96K USDC.wh to 93.97K USDC.wh	+0% from 6.87% to 6.87%
ETH.wh	0% from 0.82 ETH.wh to 0.82 ETH.wh	0% from 24.87 ETH.wh to 24.87 ETH.wh	0% from 3.31% to 3.31%
BTC.wh	0% from 0.01 BTC.wh to 0.01 BTC.wh	+0% from 1.02 BTC.wh to 1.02 BTC.wh	+0% from 1.18% to 1.18%
xcDOT	+0% from 3.30K xcDOT to 3.30K xcDOT	+0% from 1.07M xcDOT to 1.07M xcDOT	+0% from 0.31% to 0.31%
FRAX	0% from 68.80 FRAX to 68.80 FRAX	0% from 37.53K FRAX to 37.53K FRAX	0% from 0.18% to 0.18%

Liquidations

No liquidation events this week.

AnthiasLabs · June 25, 2026, 7:32pm

Weekly Update (6/19/26 - 6/25/26)

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 6/19/26 to 6/25/26. 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%
VIRTUAL	0.00	4.50M	0.00%	28.26%	100.00%
USDC	184.00M	200.00M	7.38%	7.58%	89.65%
USDS	690.00K	750.00K	1.38%	1.46%	86.90%
WETH	64.00K	96.00K	6.17%	5.14%	80.14%
EURC	21.00M	21.90M	2.33%	2.83%	78.92%
DAI	300.00K	400.00K	4.02%	5.66%	53.18%
MAMO	3.00M	20.00M	18.85%	7.91%	38.06%
cbXRP	0.00	5.00M	0.00%	48.84%	32.88%
AERO	7.50M	70.00M	62.58%	33.69%	19.90%
WELL	34.00M	250.00M	73.09%	70.84%	14.03%
cbBTC	90.00	1.50K	25.26%	12.49%	12.14%
tBTC	5.00	50.00	2.07%	1.80%	11.56%
USDbC	1.00	1.00	89.97K%	804.44K%	11.18%
LBTC	10.00	95.00	60.64%	59.24%	10.77%
wstETH	500.00	14.40K	21.05%	8.10%	9.03%
MORPHO	100.00K	6.00M	180.46%	93.94%	3.20%
VVV	1.00K	170.00K	72.23%	30.76%	1.39%
rETH	200.00	2.60K	4.91%	28.23%	1.34%
weETH	0.00	5.40K	0.00%	1.26%	0.33%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,199,604.01	674.040751	$2,993.22	1.6971
cbXRP	$787,007.86	758023.192362	$11,501.45	11134.0292
VIRTUAL	$653,019.70	1258284.87662329	$9,328.13	18077.7706
WETH	$263,408.08	167.75233847	$9,792.13	6.2927
MORPHO	$181,462.14	104943.54152831	$143.98	82.2761
EURC	$162,876.14	143409.890759	$367.05	323.1096
USDC	$162,002.92	162062.055402	$8,802.37	8802.3723
wstETH	$90,438.23	46.52880657	$1,272.28	0.6605
AERO	$80,679.13	168630.2687355	$4,848.62	10250.7749
cbBTC	$2,381.70	0.04000863	$8,169.29	0.1384
DAI	$1,536.97	1537.62634433	$2,019.80	2019.7967
USDS	$1,070.46	1070.91805825	$184.32	184.3225
tBTC	$721.49	0.01212399	$5,197.39	0.0878
WELL	$79.61	23676.49620403	$8,669.46	2889819.889
weETH	$5.72	0.00331834	$12,041.15	7.0516
rETH	$1.72	0.00094273	$8,355.60	4.6049
LBTC	$0.94	0.00001578	$13,635.36	0.23
wrsETH	$0.79	0.00047019	$1,963.81	1.1745
MAMO	$0.35	45.48170571	$241.65	30205.8856
USDbC	$0.03	0.033601	$3.68	3.6833

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+0% from 687.71 cbETH to 687.84 cbETH	+0% from 687.71 cbETH to 687.86 cbETH	-0% from 100.00% to 100.00%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-0% from 100.00% to 99.99%
USDC	+3% from 13.48M USDC to 13.87M USDC	+3% from 14.96M USDC to 15.36M USDC	+0% from 90.13% to 90.30%
USDS	-0% from 9.50K USDS to 9.49K USDS	+6% from 10.57K USDS to 11.20K USDS	-6% from 89.85% to 84.73%
WETH	+2% from 3.88K WETH to 3.96K WETH	-9% from 5.05K WETH to 4.61K WETH	+12% from 76.67% to 86.10%
EURC	-1% from 489.42K EURC to 484.37K EURC	-1% from 608.10K EURC to 602.22K EURC	-0% from 80.48% to 80.43%
DAI	+3% from 11.84K DAI to 12.23K DAI	+0% from 22.66K DAI to 22.75K DAI	+3% from 52.28% to 53.77%
MAMO	-31% from 590.90K MAMO to 407.16K MAMO	+77% from 1.37M MAMO to 2.42M MAMO	-61% from 43.22% to 16.80%
cbXRP	+0% from 802.79K cbXRP to 802.92K cbXRP	-2% from 2.46M cbXRP to 2.41M cbXRP	+2% from 32.62% to 33.33%
AERO	-19% from 4.91M AERO to 3.97M AERO	+0% from 23.59M AERO to 23.61M AERO	-19% from 20.83% to 16.81%
WELL	-10% from 26.18M WELL to 23.54M WELL	+1% from 176.45M WELL to 178.33M WELL	-11% from 14.83% to 13.20%
cbBTC	-13% from 23.86 cbBTC to 20.66 cbBTC	+1% from 186.18 cbBTC to 188.59 cbBTC	-15% from 12.82% to 10.95%
tBTC	+6% from 0.10 tBTC to 0.11 tBTC	-11% from 0.99 tBTC to 0.88 tBTC	+20% from 10.04% to 12.04%
USDbC	-0% from 899.72 USDbC to 895.25 USDbC	-1% from 8.08K USDbC to 8.03K USDbC	+0% from 11.14% to 11.15%
LBTC	-6% from 5.78 LBTC to 5.46 LBTC	+1% from 55.81 LBTC to 56.42 LBTC	-7% from 10.37% to 9.68%
wstETH	-0% from 105.24 wstETH to 105.21 wstETH	+4% from 1.12K wstETH to 1.17K wstETH	-4% from 9.41% to 9.03%
MORPHO	+0% from 180.45K MORPHO to 180.47K MORPHO	-0% from 5.64M MORPHO to 5.64M MORPHO	+0% from 3.20% to 3.20%
VVV	+999911% from 0.10 VVV to 1.00K VVV	-8% from 53.30K VVV to 49.09K VVV	+1083554% from 0.00% to 2.04%
rETH	-0% from 9.83 rETH to 9.80 rETH	-0% from 734.01 rETH to 733.92 rETH	-0% from 1.34% to 1.33%
weETH	-0% from 0.22 weETH to 0.22 weETH	-6% from 69.14 weETH to 64.91 weETH	+6% from 0.32% to 0.34%
wrsETH	0% from 0.01 wrsETH to 0.01 wrsETH	-12% from 33.15 wrsETH to 29.30 wrsETH	+13% from 0.04% to 0.05%

Notable Trends

WETH supply -9% (5.05K → 4.61K WETH)
AERO borrows -19% (4.91M → 3.97M AERO)
USDC supply +3% (14.96M → 15.36M USDC)
USDC borrows +3% (13.48M → 13.87M USDC)
cbBTC borrows -13% (23.86 → 20.66 cbBTC)

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
cbBTC	600.00	1.00K	0.33%	0.55%	35.41%
WETH	20.00K	30.00K	0.58%	1.40%	27.19%
USDT	180.00M	200.00M	0.03%	0.29%	8.48%
USDC	180.00M	200.00M	0.03%	0.37%	7.17%

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbBTC	+284% from 0.60 cbBTC to 2.30 cbBTC	+112% from 3.67 cbBTC to 7.78 cbBTC	+81% from 16.35% to 29.56%
WETH	+154% from 58.65 WETH to 148.92 WETH	+93% from 246.66 WETH to 475.32 WETH	+32% from 23.78% to 31.33%
USDT	+19322% from 269.07 USDT to 52.26K USDT	+44% from 414.39K USDT to 596.93K USDT	+13383% from 0.06% to 8.75%
USDC	-7% from 50.04K USDC to 46.78K USDC	+72% from 491.87K USDC to 847.85K USDC	-46% from 10.17% to 5.52%

Notable Trends

WETH supply +93% (246.66 → 475.32 WETH)
USDC supply +72% (491.87K → 847.85K USDC)
cbBTC supply +112% (3.67 → 7.78 cbBTC)
USDT supply +44% (414.39K → 596.93K USDT)
WETH borrows +154% (58.65 → 148.92 WETH)
cbBTC borrows +284% (0.60 → 2.30 cbBTC)

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%	100.00%
USDT0	8.00M	10.00M	0.55%	0.52%	84.68%
USDC	34.00M	36.40M	0.95%	1.25%	70.14%
DAI	4.50M	4.80M	0.54%	0.78%	65.35%
USDT	18.40M	22.60M	0.13%	0.16%	64.96%
WETH	30.00K	32.00K	1.30%	2.36%	40.57%
weETH	0.00	90.00	0.00%	10.16%	14.15%
rETH	0.00	750.00	0.00%	2.24%	13.86%
OP	650.00K	5.60M	14.53%	13.16%	12.82%
WBTC	0.00	0.00	0.00%	0.00%	9.49%
wstETH	0.00	5.00K	0.00%	2.13%	3.30%
VELO	6.00M	80.00M	31.03%	88.53%	2.63%
wrsETH	0.00	0.00	0.00%	0.00%	2.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,225.00	2.32047712	$513.59	0.2805
wstETH	$2,702.00	1.39779121	$4,134.04	2.1271
cbETH	$340.00	0.1922469	$16.55	0.0093
WETH	$56.00	0.0362381	$48,717.48	31.0257
VELO	$27.00	1459.19960985	$11,238.53	591501.5663

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 100.00% to 100.00%
USDT0	+0% from 43.88K USDT0 to 43.95K USDT0	-0% from 51.82K USDT0 to 51.79K USDT0	+0% from 84.68% to 84.86%
USDC	-41% from 484.17K USDC to 285.05K USDC	-41% from 654.59K USDC to 383.21K USDC	+1% from 73.97% to 74.39%
DAI	+0% from 24.38K DAI to 24.43K DAI	-10% from 38.83K DAI to 35.12K DAI	+11% from 62.78% to 69.55%
USDT	-19% from 23.45K USDT to 19.05K USDT	-2% from 36.86K USDT to 36.08K USDT	-17% from 63.62% to 52.81%
WETH	-85% from 778.35 WETH to 113.86 WETH	-61% from 1.14K WETH to 449.04 WETH	-63% from 68.05% to 25.36%
weETH	+0% from 1.29 weETH to 1.29 weETH	-0% from 9.15 weETH to 9.15 weETH	+0% from 14.13% to 14.15%
rETH	0% from 2.32 rETH to 2.32 rETH	0% from 16.77 rETH to 16.77 rETH	0% from 13.86% to 13.86%
OP	-11% from 96.81K OP to 86.64K OP	-0% from 738.67K OP to 736.59K OP	-10% from 13.11% to 11.76%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	0% from 0.01 WBTC to 0.01 WBTC	0% from 9.49% to 9.49%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	+29% from 106.83 wstETH to 138.24 wstETH	-23% from 3.29% to 2.55%
VELO	-6% from 1.94M VELO to 1.82M VELO	+0% from 70.75M VELO to 71.08M VELO	-7% from 2.74% to 2.56%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	0% from 12.39 wrsETH to 12.39 wrsETH	0% from 2.23% to 2.23%

Notable Trends

WETH supply -61% (1.14K → 449.04 WETH)
WETH borrows -85% (778.35 → 113.86 WETH)
USDC supply -41% (654.59K → 383.21K USDC)
USDC borrows -41% (484.17K → 285.05K USDC)
wstETH supply +29% (106.83 → 138.24 wstETH)

Liquidations

Total liquidations: 9
Total Collateral Seized (USD): $5,425.34
Total Debt Repaid (USD): $4,932.13
Total Liquidation Bonus (USD): $493.21
Total Liquidator Bonus (USD): $345.25
Total Protocol Bonus (USD): $147.96

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
USDC	5,287.166400	$5,285.65	$4,805.13	$480.51	$336.36	$144.15	7
WETH	0.080438	$139.70	$127.00	$12.70	$8.89	$3.81	2

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14521.50M%	100.00%
xcUSDT	0.10	11.00M%	14.10%
xcUSDC	0.10	5.15M%	12.19%
USDC.wh	0.10	6.35M%	6.77%
ETH.wh	0.10	824.37%	3.32%
BTC.wh	0.10	11.91%	1.17%
xcDOT	0.10	3.30M%	0.31%
FRAX	0.10	68.65K%	0.18%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$123,293.00	14409223.84721585	$47,933.47	5325941.1701

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.52M GLMR to 14.53M GLMR	+0% from 14.52M GLMR to 14.53M GLMR	-0% from 100.00% to 100.00%
xcUSDT	-0% from 11.00K xcUSDT to 10.98K xcUSDT	+0% from 77.98K xcUSDT to 77.99K xcUSDT	-0% from 14.11% to 14.07%
xcUSDC	-25% from 5.42K xcUSDC to 4.04K xcUSDC	-0% from 42.26K xcUSDC to 42.13K xcUSDC	-25% from 12.82% to 9.60%
USDC.wh	-6% from 6.46K USDC.wh to 6.05K USDC.wh	-0% from 93.97K USDC.wh to 93.71K USDC.wh	-6% from 6.87% to 6.45%
ETH.wh	+0% from 0.82 ETH.wh to 0.83 ETH.wh	-0% from 24.87 ETH.wh to 24.85 ETH.wh	+0% from 3.31% to 3.32%
BTC.wh	-11% from 0.01 BTC.wh to 0.01 BTC.wh	-0% from 1.02 BTC.wh to 1.02 BTC.wh	-11% from 1.18% to 1.05%
xcDOT	+0% from 3.30K xcDOT to 3.30K xcDOT	-0% from 1.07M xcDOT to 1.06M xcDOT	+0% from 0.31% to 0.31%
FRAX	-8% from 68.80 FRAX to 63.33 FRAX	-0% from 37.53K FRAX to 37.52K FRAX	-8% from 0.18% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · July 3, 2026, 1:38am

Weekly Update (6/26/26 - 7/2/26)

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 6/26/26 to 7/2/26. 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%	17.20%	100.00%
VIRTUAL	0.00	4.50M	0.00%	28.32%	99.82%
USDC	184.00M	200.00M	7.46%	7.75%	88.52%
WETH	64.00K	96.00K	6.30%	5.04%	83.45%
EURC	21.00M	21.90M	2.27%	3.09%	70.77%
USDS	690.00K	750.00K	1.38%	2.02%	65.59%
DAI	300.00K	400.00K	4.32%	5.69%	56.95%
cbXRP	0.00	5.00M	0.00%	48.44%	33.01%
AERO	7.50M	70.00M	55.89%	32.29%	18.66%
MAMO	3.00M	20.00M	22.19%	22.26%	15.31%
WELL	34.00M	250.00M	69.73%	71.25%	13.31%
cbBTC	90.00	1.50K	25.62%	12.61%	12.19%
USDbC	1.00	1.00	89.50K%	802.72K%	11.15%
LBTC	10.00	95.00	60.07%	59.44%	10.64%
tBTC	5.00	50.00	1.86%	1.76%	10.60%
wstETH	500.00	14.40K	21.02%	8.06%	9.06%
MORPHO	100.00K	6.00M	177.52%	93.94%	3.15%
VVV	1.00K	170.00K	100.00%	28.58%	2.06%
rETH	200.00	2.60K	4.90%	28.18%	1.34%
weETH	0.00	5.40K	0.00%	1.17%	0.35%
wrsETH	0.00	0.00	0.00%	0.00%	0.04%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
cbETH	$1,296,600.82	674.17552303	$3,529.53	1.8345
cbXRP	$805,673.51	747332.374059	$1,388.19	1281.8028
VIRTUAL	$697,098.63	1258531.86937201	$10,097.02	18324.909
WETH	$273,984.51	161.55290226	$2,220.33	1.3087
MORPHO	$212,752.28	104958.46454436	$190.41	91.7631
EURC	$164,286.93	143524.435992	$649.06	566.8606
USDC	$154,016.04	154056.105391	$7,589.42	7589.4224
wstETH	$97,716.10	46.53384658	$1,391.29	0.6623
AERO	$79,940.58	159024.42206202	$904.16	1769.4007
cbBTC	$2,459.22	0.04001433	$10,210.05	0.1661
DAI	$1,540.35	1540.97176122	$2,048.36	2048.3586
USDS	$1,071.53	1071.78534243	$185.09	185.0909
tBTC	$746.51	0.01212599	$5,405.28	0.0878
WELL	$86.40	23690.10792273	$11,572.89	2893221.8368
weETH	$6.18	0.00331838	$96.10	0.0516
rETH	$1.87	0.00094275	$1,202.92	0.6078
LBTC	$0.97	0.00001578	$6.17	0.0001
wrsETH	$0.86	0.00047019	$2,142.30	1.1746
MAMO	$0.38	45.52391618	$242.94	30366.8915
USDbC	$0.03	0.033604	$3.78	3.7757

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+0% from 687.86 cbETH to 687.98 cbETH	+0% from 687.86 cbETH to 687.98 cbETH	-0% from 100.00% to 100.00%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-0% from 100.00% to 100.00%
USDC	-2% from 13.81M USDC to 13.58M USDC	+2% from 15.19M USDC to 15.54M USDC	-4% from 90.91% to 87.38%
WETH	+2% from 3.97K WETH to 4.03K WETH	+7% from 4.75K WETH to 5.08K WETH	-5% from 83.48% to 79.25%
EURC	+0% from 475.94K EURC to 477.50K EURC	+26% from 582.85K EURC to 735.43K EURC	-20% from 81.66% to 64.93%
USDS	+0% from 9.49K USDS to 9.49K USDS	+36% from 11.20K USDS to 15.21K USDS	-26% from 84.73% to 62.41%
DAI	+7% from 12.28K DAI to 13.18K DAI	+0% from 22.75K DAI to 22.77K DAI	+7% from 54.00% to 57.88%
cbXRP	-1% from 802.94K cbXRP to 792.23K cbXRP	-0% from 2.42M cbXRP to 2.41M cbXRP	-1% from 33.25% to 32.87%
AERO	+17% from 4.00M AERO to 4.67M AERO	-11% from 23.75M AERO to 21.10M AERO	+31% from 16.83% to 22.12%
MAMO	+253% from 407.24K MAMO to 1.44M MAMO	-16% from 4.53M MAMO to 3.82M MAMO	+318% from 9.00% to 37.66%
WELL	+1% from 23.38M WELL to 23.70M WELL	-0% from 178.37M WELL to 177.71M WELL	+2% from 13.10% to 13.34%
cbBTC	+74% from 16.68 cbBTC to 29.00 cbBTC	+0% from 189.33 cbBTC to 190.10 cbBTC	+73% from 8.81% to 15.25%
USDbC	-0% from 895.25 USDbC to 894.80 USDbC	-0% from 8.03K USDbC to 8.03K USDbC	-0% from 11.15% to 11.15%
LBTC	+14% from 5.46 LBTC to 6.21 LBTC	-0% from 56.46 LBTC to 56.36 LBTC	+14% from 9.67% to 11.02%
tBTC	-27% from 0.11 tBTC to 0.08 tBTC	+1% from 0.88 tBTC to 0.88 tBTC	-27% from 12.04% to 8.79%
wstETH	-0% from 105.22 wstETH to 105.05 wstETH	-0% from 1.16K wstETH to 1.16K wstETH	+0% from 9.06% to 9.08%
MORPHO	-6% from 180.47K MORPHO to 170.40K MORPHO	+0% from 5.64M MORPHO to 5.64M MORPHO	-6% from 3.20% to 3.02%
VVV	+0% from 1.00K VVV to 1.00K VVV	-1% from 49.09K VVV to 48.79K VVV	+1% from 2.04% to 2.05%
rETH	+0% from 9.80 rETH to 9.80 rETH	-1% from 733.92 rETH to 729.89 rETH	+1% from 1.33% to 1.34%
weETH	0% from 0.22 weETH to 0.22 weETH	-5% from 64.91 weETH to 61.60 weETH	+5% from 0.34% to 0.36%
wrsETH	-36% from 0.01 wrsETH to 0.01 wrsETH	-0% from 29.30 wrsETH to 29.29 wrsETH	-35% from 0.05% to 0.03%

Notable Trends

AERO supply -11% (23.75M → 21.10M AERO)
cbBTC borrows +74% (16.68 → 29.00 cbBTC)
WETH supply +7% (4.75K → 5.08K WETH)
AERO borrows +17% (4.00M → 4.67M AERO)

Liquidations

Total liquidations: 69
Total Collateral Seized (USD): $5,394.25
Total Debt Repaid (USD): $4,903.86
Total Liquidation Bonus (USD): $490.39
Total Liquidator Bonus (USD): $343.27
Total Protocol Bonus (USD): $147.12

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbBTC	0.068140	$3,947.57	$3,588.70	$358.87	$251.21	$107.66	19
USDC	1,033.128596	$1,032.76	$938.87	$93.89	$65.72	$28.17	14
WETH	0.123423	$194.34	$176.67	$17.67	$12.37	$5.30	17
rETH	0.093423	$170.85	$155.31	$15.53	$10.87	$4.66	2
MORPHO	20.680363	$35.60	$32.37	$3.24	$2.27	$0.97	2
wrsETH	0.005648	$9.54	$8.67	$0.87	$0.61	$0.26	1
cbETH	0.000943	$1.68	$1.52	$0.15	$0.11	$0.05	1
cbXRP	0.518131	$0.56	$0.50	$0.05	$0.04	$0.02	4
USDbC	0.547533	$0.55	$0.50	$0.05	$0.03	$0.01	4
tBTC	0.000006	$0.37	$0.34	$0.03	$0.02	$0.01	1
wstETH	0.000115	$0.23	$0.21	$0.02	$0.01	$0.01	2
AERO	0.438885	$0.22	$0.20	$0.02	$0.01	$0.01	2

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	1.31%	1.98%	44.23%
cbBTC	600.00	1.00K	0.40%	0.79%	30.75%
USDT	180.00M	200.00M	0.03%	0.33%	8.32%
USDC	180.00M	200.00M	0.03%	0.35%	8.18%

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	+21% from 249.16 WETH to 301.71 WETH	+10% from 575.33 WETH to 632.61 WETH	+10% from 43.31% to 47.69%
cbBTC	+43% from 2.30 cbBTC to 3.30 cbBTC	+2% from 7.78 cbBTC to 7.97 cbBTC	+40% from 29.56% to 41.43%
USDT	+23% from 52.26K USDT to 64.32K USDT	+30% from 599.24K USDT to 779.47K USDT	-5% from 8.72% to 8.25%
USDC	+9% from 54.79K USDC to 59.69K USDC	+5% from 716.12K USDC to 749.62K USDC	+4% from 7.65% to 7.96%

Notable Trends

USDT supply +30% (599.24K → 779.47K USDT)
WETH supply +10% (575.33 → 632.61 WETH)
WETH borrows +21% (249.16 → 301.71 WETH)
cbBTC borrows +43% (2.30 → 3.30 cbBTC**)
USDT borrows +23% (52.26K → 64.32K 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%	99.99%
USDT0	8.00M	10.00M	0.55%	0.52%	84.68%
USDC	34.00M	36.40M	1.20%	1.46%	76.74%
DAI	4.50M	4.80M	0.43%	0.55%	72.39%
USDT	18.40M	22.60M	0.18%	0.23%	62.41%
WETH	30.00K	32.00K	0.39%	1.39%	26.22%
weETH	0.00	90.00	0.00%	10.16%	14.15%
rETH	0.00	750.00	0.00%	2.23%	13.89%
OP	650.00K	5.60M	13.29%	13.14%	11.74%
WBTC	0.00	0.00	0.00%	0.00%	11.67%
VELO	6.00M	80.00M	35.04%	90.20%	2.92%
wstETH	0.00	5.00K	0.00%	2.74%	2.57%
wrsETH	0.00	0.00	0.00%	0.00%	2.23%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,588.00	2.3218225	$555.38	0.2806
wstETH	$2,932.00	1.39782978	$4,469.17	2.1271
cbETH	$369.00	0.19228614	$17.89	0.0093
WETH	$61.00	0.03622491	$52,642.96	31.0266
VELO	$31.00	1459.63914061	$13,018.63	591755.7806

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 100.00% to 99.98%
USDT0	+0% from 43.95K USDT0 to 44.04K USDT0	+20% from 51.79K USDT0 to 61.90K USDT0	-16% from 84.86% to 71.15%
USDC	+69% from 285.14K USDC to 483.08K USDC	+78% from 383.46K USDC to 681.79K USDC	-5% from 74.36% to 70.85%
DAI	-28% from 24.43K DAI to 17.55K DAI	-25% from 32.81K DAI to 24.47K DAI	-4% from 74.46% to 71.71%
USDT	+95% from 19.05K USDT to 37.24K USDT	+60% from 36.08K USDT to 57.75K USDT	+22% from 52.81% to 64.48%
WETH	+7% from 113.86 WETH to 121.89 WETH	+0% from 448.17 WETH to 450.00 WETH	+7% from 25.41% to 27.09%
weETH	+0% from 1.29 weETH to 1.29 weETH	+0% from 9.15 weETH to 9.15 weETH	+0% from 14.15% to 14.15%
rETH	+0% from 2.32 rETH to 2.32 rETH	-0% from 16.77 rETH to 16.73 rETH	+0% from 13.86% to 13.90%
OP	-0% from 86.43K OP to 86.39K OP	+0% from 735.55K OP to 739.09K OP	-1% from 11.75% to 11.69%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	-24% from 0.01 WBTC to 0.00 WBTC	+31% from 9.49% to 12.41%
VELO	+219% from 1.72M VELO to 5.49M VELO	+0% from 71.74M VELO to 71.99M VELO	+218% from 2.39% to 7.63%
wstETH	0% from 3.52 wstETH to 3.52 wstETH	+1% from 136.24 wstETH to 137.37 wstETH	-1% from 2.58% to 2.56%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	-0% from 12.39 wrsETH to 12.39 wrsETH	+0% from 2.23% to 2.23%

Notable Trends

USDC supply +78% (383.46K → 681.79K USDC)
USDC borrows +69% (285.14K → 483.08K USDC)
VELO borrows +219% (1.72M → 5.49M VELO)
USDT supply +60% (36.08K → 57.75K USDT)
USDT borrows +95% (19.05K → 37.24K USDT)

Liquidations

Total liquidations: 69
Total Collateral Seized (USD): $1.43
Total Debt Repaid (USD): $1.30
Total Liquidation Bonus (USD): $0.13
Total Liquidator Bonus (USD): $0.09
Total Protocol Bonus (USD): $0.04

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
OP	3.892744	$0.39	$0.35	$0.04	$0.02	$0.01	20
USDT0	0.355298	$0.35	$0.32	$0.03	$0.02	$0.01	14
wrsETH	0.000097	$0.16	$0.15	$0.01	$0.01	$0.00	9
USDT	0.111259	$0.11	$0.10	$0.01	$0.01	$0.00	2
rETH	0.000048	$0.09	$0.08	$0.01	$0.01	$0.00	4
USDC	0.081039	$0.08	$0.07	$0.01	$0.01	$0.00	3
wstETH	0.000033	$0.06	$0.06	$0.01	$0.00	$0.00	3
DAI	0.060590	$0.06	$0.06	$0.01	$0.00	$0.00	1
cbETH	0.000026	$0.05	$0.04	$0.00	$0.00	$0.00	5
weETH	0.000022	$0.04	$0.03	$0.00	$0.00	$0.00	4
VELO	0.810114	$0.02	$0.01	$0.00	$0.00	$0.00	3
WBTC	0.000000	$0.01	$0.01	$0.00	$0.00	$0.00	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14526.37M%	100.00%
xcUSDT	0.10	10.96M%	14.08%
xcUSDC	0.10	3.84M%	9.12%
USDC.wh	0.10	5.98M%	6.38%
ETH.wh	0.10	825.25%	3.32%
BTC.wh	0.10	10.75%	1.06%
xcDOT	0.10	3.30M%	0.31%
FRAX	0.10	63.33K%	0.17%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$120,289.00	14412131.21675916	$42,696.85	5337105.8996

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	-1% from 10.98K xcUSDT to 10.87K xcUSDT	-1% from 77.99K xcUSDT to 77.18K xcUSDT	+0% from 14.07% to 14.09%
xcUSDC	-9% from 4.04K xcUSDC to 3.69K xcUSDC	-0% from 42.13K xcUSDC to 42.12K xcUSDC	-9% from 9.60% to 8.75%
USDC.wh	-2% from 6.04K USDC.wh to 5.90K USDC.wh	+0% from 93.71K USDC.wh to 93.71K USDC.wh	-2% from 6.44% to 6.30%
ETH.wh	+0% from 0.83 ETH.wh to 0.83 ETH.wh	+0% from 24.85 ETH.wh to 24.86 ETH.wh	+0% from 3.32% to 3.32%
BTC.wh	+2% from 0.01 BTC.wh to 0.01 BTC.wh	0% from 1.02 BTC.wh to 1.02 BTC.wh	+2% from 1.05% to 1.07%
xcDOT	+0% from 3.30K xcDOT to 3.30K xcDOT	-0% from 1.06M xcDOT to 1.06M xcDOT	+0% from 0.31% to 0.31%
FRAX	0% from 63.33 FRAX to 63.33 FRAX	0% from 37.52K FRAX to 37.52K FRAX	0% from 0.17% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · July 10, 2026, 3:40am

Weekly Update (7/3/26 - 7/9/26)

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 7/3/26 to 7/9/26. 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%	17.20%	100.00%
VIRTUAL	0.00	4.50M	0.00%	28.29%	99.94%
USDC	184.00M	200.00M	7.41%	8.13%	83.90%
WETH	64.00K	96.00K	6.19%	5.24%	78.90%
EURC	21.00M	21.90M	2.26%	2.95%	74.90%
USDS	690.00K	750.00K	1.43%	2.02%	65.12%
DAI	300.00K	400.00K	4.36%	5.70%	57.42%
MAMO	3.00M	20.00M	51.41%	14.94%	53.68%
cbXRP	0.00	5.00M	0.00%	48.25%	32.84%
AERO	7.50M	70.00M	68.79%	30.49%	24.24%
cbBTC	90.00	1.50K	29.62%	12.58%	14.13%
WELL	34.00M	250.00M	69.48%	71.12%	13.29%
USDbC	1.00	1.00	89.48K%	802.61K%	11.15%
LBTC	10.00	95.00	59.83%	59.38%	10.61%
tBTC	5.00	50.00	1.84%	1.77%	10.42%
wstETH	500.00	14.40K	22.12%	8.05%	9.54%
MORPHO	100.00K	6.00M	170.18%	93.96%	3.02%
VVV	1.00K	170.00K	100.01%	36.66%	1.65%
rETH	200.00	2.60K	4.90%	28.07%	1.34%
weETH	0.00	5.40K	0.00%	1.09%	0.38%
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	$1,337,416.96	674.30567465	$3,891.94	1.9651
cbXRP	$819,923.74	747473.545382	$1,565.00	1426.6191
VIRTUAL	$672,120.76	1258773.98274948	$9,803.53	18567.2832
WETH	$282,418.97	161.55234273	$2,441.79	1.3988
MORPHO	$234,349.01	104972.79231865	$225.89	100.8894
EURC	$163,977.28	143636.989159	$703.67	616.1733
USDC	$154,125.79	154171.436456	$9,014.05	9014.0471
wstETH	$100,797.22	46.53911456	$1,436.27	0.6641
AERO	$82,818.95	159195.31347068	$1,924.58	3701.1206
cbBTC	$2,534.19	0.04002101	$10,925.68	0.1728
DAI	$1,544.85	1545.4450464	$2,087.43	2087.4326
USDS	$1,072.56	1072.88408377	$186.18	186.1774
tBTC	$767.40	0.01212694	$5,556.05	0.0878
WELL	$84.82	23703.91601866	$11,586.99	2896747.0684
weETH	$6.37	0.00331841	$98.95	0.0516
rETH	$1.93	0.00094277	$1,238.22	0.6078
LBTC	$1.00	0.00001578	$12.70	0.0002
wrsETH	$0.88	0.00047019	$2,205.24	1.1746
MAMO	$0.41	45.77159177	$305.96	33995.9494
USDbC	$0.03	0.033607	$3.85	3.849

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+0% from 687.98 cbETH to 688.10 cbETH	+0% from 687.98 cbETH to 688.10 cbETH	-0% from 100.00% to 100.00%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	+0% from 100.00% to 100.00%
USDC	+2% from 13.58M USDC to 13.89M USDC	+7% from 15.54M USDC to 16.64M USDC	-4% from 87.38% to 83.45%
WETH	-2% from 4.03K WETH to 3.93K WETH	-9% from 5.08K WETH to 4.61K WETH	+8% from 79.25% to 85.21%
EURC	-1% from 477.50K EURC to 474.62K EURC	-28% from 735.43K EURC to 532.05K EURC	+37% from 64.93% to 89.20%
USDS	+8% from 9.49K USDS to 10.26K USDS	-1% from 15.21K USDS to 15.13K USDS	+9% from 62.41% to 67.82%
DAI	-2% from 13.18K DAI to 12.97K DAI	+0% from 22.77K DAI to 22.80K DAI	-2% from 57.88% to 56.88%
MAMO	+66% from 1.44M MAMO to 2.39M MAMO	-4% from 3.82M MAMO to 3.67M MAMO	+73% from 37.66% to 65.11%
cbXRP	-0% from 792.23K cbXRP to 792.22K cbXRP	-0% from 2.41M cbXRP to 2.41M cbXRP	+0% from 32.87% to 32.90%
AERO	-4% from 4.67M AERO to 4.48M AERO	+9% from 21.10M AERO to 22.92M AERO	-12% from 22.12% to 19.55%
cbBTC	+2% from 29.00 cbBTC to 29.48 cbBTC	-2% from 190.10 cbBTC to 186.73 cbBTC	+4% from 15.25% to 15.79%
WELL	-1% from 23.70M WELL to 23.58M WELL	+0% from 177.71M WELL to 177.83M WELL	-1% from 13.34% to 13.26%
USDbC	+0% from 894.80 USDbC to 894.87 USDbC	-0% from 8.03K USDbC to 8.03K USDbC	+0% from 11.15% to 11.15%
LBTC	-4% from 6.21 LBTC to 5.95 LBTC	+0% from 56.36 LBTC to 56.37 LBTC	-4% from 11.02% to 10.56%
tBTC	+22% from 0.08 tBTC to 0.10 tBTC	0% from 0.88 tBTC to 0.88 tBTC	+22% from 8.79% to 10.76%
wstETH	+12% from 105.05 wstETH to 117.29 wstETH	+0% from 1.16K wstETH to 1.16K wstETH	+11% from 9.08% to 10.12%
MORPHO	-0% from 170.40K MORPHO to 170.13K MORPHO	-0% from 5.64M MORPHO to 5.64M MORPHO	-0% from 3.02% to 3.02%
VVV	+0% from 1.00K VVV to 1.00K VVV	+45% from 48.79K VVV to 70.79K VVV	-31% from 2.05% to 1.41%
rETH	+0% from 9.80 rETH to 9.80 rETH	-0% from 729.89 rETH to 729.19 rETH	+0% from 1.34% to 1.34%
weETH	0% from 0.22 weETH to 0.22 weETH	-6% from 61.60 weETH to 58.13 weETH	+6% from 0.36% to 0.39%
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 +7% (15.54M → 16.64M USDC)
AERO supply +9% (21.10M → 22.92M AERO)
WETH supply -9% (5.08K → 4.61K WETH)
VVV supply +45% (48.79K → 70.79K VVV)
EURC supply -28% (735.43K → 532.05K EURC)

Liquidations

Total liquidations: 55
Total Collateral Seized (USD): $11,666.19
Total Debt Repaid (USD): $10,605.62
Total Liquidation Bonus (USD): $1,060.56
Total Liquidator Bonus (USD): $742.39
Total Protocol Bonus (USD): $318.17

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
cbBTC	0.119052	$7,508.65	$6,826.04	$682.60	$477.82	$204.78	8
USDC	3,623.454353	$3,622.52	$3,293.20	$329.32	$230.52	$98.80	18
EURC	347.154113	$396.80	$360.73	$36.07	$25.25	$10.82	3
WETH	0.041896	$74.37	$67.61	$6.76	$4.73	$2.03	10
AERO	62.276200	$34.63	$31.49	$3.15	$2.20	$0.94	2
VVV	1.872258	$23.51	$21.37	$2.14	$1.50	$0.64	3
USDS	2.768140	$2.77	$2.52	$0.25	$0.18	$0.08	1
VIRTUAL	3.931790	$2.15	$1.95	$0.20	$0.14	$0.06	2
wstETH	0.000359	$0.79	$0.72	$0.07	$0.05	$0.02	2
cbETH	0.000002	$0.00	$0.00	$0.00	$0.00	$0.00	6

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%
USDT0	8.00M	10.00M	0.51%	0.54%	76.49%
USDC	34.00M	36.40M	1.51%	1.93%	73.17%
DAI	4.50M	4.80M	0.39%	0.51%	71.71%
USDT	18.40M	22.60M	0.18%	0.25%	59.05%
WETH	30.00K	32.00K	0.49%	1.38%	33.20%
rETH	0.00	750.00	0.00%	2.17%	14.47%
weETH	0.00	90.00	0.00%	10.16%	14.15%
WBTC	0.00	0.00	0.00%	0.00%	12.41%
OP	650.00K	5.60M	13.68%	13.20%	12.03%
VELO	6.00M	80.00M	85.68%	90.45%	7.11%
wrsETH	0.00	0.00	0.00%	0.00%	2.77%
wstETH	0.00	5.00K	0.00%	3.31%	2.13%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,731.00	2.32210264	$571.38	0.2806
wstETH	$3,023.00	1.39787065	$4,597.85	2.1271
cbETH	$381.00	0.19228614	$18.41	0.0093
WETH	$63.00	0.03622834	$54,140.70	31.0293
VELO	$32.00	1460.37876112	$13,033.22	592419.3052

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%
USDT0	-9% from 44.04K USDT0 to 39.87K USDT0	+2% from 61.90K USDT0 to 62.93K USDT0	-11% from 71.15% to 63.35%
USDC	-4% from 483.08K USDC to 461.81K USDC	-12% from 681.79K USDC to 597.55K USDC	+9% from 70.85% to 77.28%
DAI	+0% from 17.55K DAI to 17.56K DAI	+0% from 24.47K DAI to 24.49K DAI	+0% from 71.71% to 71.72%
USDT	-14% from 37.24K USDT to 32.16K USDT	-12% from 57.75K USDT to 51.11K USDT	-2% from 64.48% to 62.93%
WETH	+16% from 121.89 WETH to 141.90 WETH	-3% from 450.14 WETH to 437.59 WETH	+20% from 27.08% to 32.43%
rETH	+0% from 2.32 rETH to 2.33 rETH	+0% from 16.73 rETH to 16.73 rETH	+0% from 13.90% to 13.90%
weETH	0% from 1.29 weETH to 1.29 weETH	0% from 9.15 weETH to 9.15 weETH	0% from 14.15% to 14.15%
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%
OP	+6% from 86.39K OP to 91.82K OP	+0% from 739.09K OP to 740.39K OP	+6% from 11.69% to 12.40%
VELO	-64% from 5.49M VELO to 1.95M VELO	+1% from 72.00M VELO to 72.88M VELO	-65% from 7.62% to 2.68%
wrsETH	0% from 0.28 wrsETH to 0.28 wrsETH	-85% from 12.39 wrsETH to 1.83 wrsETH	+577% from 2.23% to 15.12%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	+23% from 137.37 wstETH to 168.69 wstETH	-19% from 2.56% to 2.09%

Notable Trends

USDC supply -12% (681.79K → 597.55K USDC)
VELO borrows -64% (5.49M → 1.95M VELO)
wstETH supply +23% (137.37 → 168.69 wstETH)
WETH borrows +16% (121.89 → 141.90 WETH)

Liquidations

Total liquidations: 22
Total Collateral Seized (USD): $135.68
Total Debt Repaid (USD): $123.35
Total Liquidation Bonus (USD): $12.33
Total Liquidator Bonus (USD): $8.63
Total Protocol Bonus (USD): $3.70

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
WETH	0.041023	$72.69	$66.08	$6.61	$4.63	$1.98	2
USDC	54.678014	$54.66	$49.69	$4.97	$3.48	$1.49	17
VELO	217.083000	$4.79	$4.35	$0.44	$0.30	$0.13	1
USDT0	3.545945	$3.54	$3.22	$0.32	$0.23	$0.10	2

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14529.02M%	100.00%
xcUSDT	0.10	9.99M%	13.02%
xcUSDC	0.10	2.92M%	7.01%
USDC.wh	0.10	5.90M%	6.30%
ETH.wh	0.10	822.44%	3.31%
BTC.wh	0.10	17.23%	1.73%
xcDOT	0.10	3.22M%	0.43%
FRAX	0.10	63.33K%	0.17%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
GLMR	$126,195.00	14433602.91746814	$48,052.05	5339116.627
USDC.wh	$8.00	5.869197	$60,702.23	60702.2324
xcUSDT	$6.00	5.606679	$32,007.24	32039.2788
BTC.wh	$1.00	0.00001286	$25,291.36	0.4011

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	-10% from 10.87K xcUSDT to 9.81K xcUSDT	-1% from 77.18K xcUSDT to 76.50K xcUSDT	-9% from 14.09% to 12.83%
xcUSDC	-30% from 3.69K xcUSDC to 2.57K xcUSDC	-2% from 42.12K xcUSDC to 41.20K xcUSDC	-29% from 8.75% to 6.25%
USDC.wh	-0% from 5.90K USDC.wh to 5.88K USDC.wh	-0% from 93.71K USDC.wh to 93.70K USDC.wh	-0% from 6.30% to 6.28%
ETH.wh	-2% from 0.83 ETH.wh to 0.81 ETH.wh	-0% from 24.86 ETH.wh to 24.85 ETH.wh	-2% from 3.32% to 3.25%
BTC.wh	+109% from 0.01 BTC.wh to 0.02 BTC.wh	-2% from 1.02 BTC.wh to 1.00 BTC.wh	+113% from 1.07% to 2.28%
xcDOT	-10% from 3.30K xcDOT to 2.97K xcDOT	-51% from 1.06M xcDOT to 516.37K xcDOT	+85% from 0.31% to 0.57%
FRAX	+0% from 63.33 FRAX to 63.33 FRAX	+0% from 37.52K FRAX to 37.53K FRAX	-0% from 0.17% to 0.17%

Notable Trends

xcDOT supply -51% (1.06M → 516.37K xcDOT)

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	1.91%	2.39%	53.29%
cbBTC	600.00	1.00K	0.55%	1.15%	29.18%
USDT	180.00M	200.00M	0.03%	0.36%	8.25%
USDC	180.00M	200.00M	0.04%	0.40%	8.10%

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	+33% from 301.71 WETH to 401.80 WETH	+17% from 632.61 WETH to 737.45 WETH	+14% from 47.69% to 54.49%
cbBTC	+0% from 3.30 cbBTC to 3.30 cbBTC	+52% from 7.97 cbBTC to 12.11 cbBTC	-34% from 41.43% to 27.27%
USDT	-15% from 64.32K USDT to 54.94K USDT	-18% from 779.47K USDT to 636.58K USDT	+5% from 8.25% to 8.63%
USDC	+27% from 59.69K USDC to 75.88K USDC	+2% from 749.62K USDC to 767.08K USDC	+24% from 7.96% to 9.89%

Notable Trends

cbBTC supply +52% (7.97 → 12.11 cbBTC)
WETH supply +17% (632.61 → 737.45 WETH)
WETH borrows +33% (301.71 → 401.80 WETH)
USDT supply -18% (779.47K → 636.58K USDT)
USDC borrows +27% (59.69K → 75.88K USDC)

Liquidations

No liquidation events this week.

AnthiasLabs · July 17, 2026, 12:47am

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.

AnthiasLabs · July 24, 2026, 6:07am

Weekly Update (7/17/26 - 7/23/26)

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 7/17/26 to 7/23/26. 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%
USDS	690.00K	750.00K	1.49%	1.55%	88.71%
EURC	21.00M	21.90M	2.10%	2.29%	88.20%
USDC	184.00M	200.00M	7.27%	7.72%	86.83%
WETH	64.00K	96.00K	5.92%	4.61%	85.52%
VIRTUAL	0.00	4.50M	0.00%	37.48%	75.43%
MAMO	3.00M	20.00M	82.22%	20.43%	60.53%
DAI	300.00K	400.00K	4.45%	5.74%	58.15%
cbXRP	0.00	5.00M	0.00%	47.82%	33.15%
AERO	7.50M	70.00M	62.37%	28.43%	23.54%
cbBTC	90.00	1.50K	30.93%	11.95%	15.52%
WELL	34.00M	250.00M	69.84%	70.79%	13.42%
wstETH	500.00	14.40K	26.24%	7.48%	12.18%
USDbC	1.00	1.00	89.50K%	802.54K%	11.15%
LBTC	10.00	95.00	58.96%	59.17%	10.49%
tBTC	5.00	50.00	1.64%	1.77%	9.27%
MORPHO	100.00K	6.00M	166.14%	93.90%	2.95%
rETH	200.00	2.60K	4.90%	28.03%	1.34%
weETH	0.00	5.40K	0.00%	1.12%	0.33%
VVV	1.00K	170.00K	16.45%	40.77%	0.24%
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	$1,435,426.99	674.56625954	$4,741.20	2.2248
cbXRP	$827,474.89	747765.605068	$3,293.28	2974.96
VIRTUAL	$760,153.11	1259261.44080733	$11,670.44	19069.351
WETH	$302,837.30	161.58697678	$3,058.62	1.6296
MORPHO	$207,256.99	104999.07324285	$224.34	115.3436
EURC	$163,826.51	144008.320757	$871.39	765.7177
USDC	$154,678.27	154703.039155	$14,194.97	14194.9708
wstETH	$108,240.97	46.55126576	$1,557.86	0.669
AERO	$69,900.94	159510.41630127	$2,956.05	6971.8181
cbBTC	$2,606.90	0.04003595	$11,304.17	0.1738
DAI	$1,554.36	1554.85442996	$2,167.55	2167.5488
USDS	$1,077.22	1077.35516988	$190.45	190.4528
tBTC	$788.89	0.01213116	$5,709.80	0.0878
WELL	$77.16	23731.36381348	$8,711.18	2903727.4688
weETH	$6.84	0.00331846	$106.51	0.0516
rETH	$2.06	0.00094279	$1,332.68	0.6079
LBTC	$1.03	0.00001578	$19.60	0.0003
wrsETH	$0.94	0.00047019	$2,373.16	1.1746
MAMO	$0.45	46.25866684	$413.73	41372.5684
USDbC	$0.03	0.03361	$3.93	3.9277

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+0% from 687.22 cbETH to 687.36 cbETH	+0% from 687.23 cbETH to 687.39 cbETH	-0% from 100.00% to 100.00%
USDS	+0% from 10.29K USDS to 10.30K USDS	-2% from 11.68K USDS to 11.50K USDS	+2% from 88.08% to 89.58%
EURC	-10% from 483.39K EURC to 436.58K EURC	-9% from 529.45K EURC to 481.40K EURC	-1% from 91.30% to 90.69%
USDC	-3% from 13.69M USDC to 13.29M USDC	-3% from 15.91M USDC to 15.47M USDC	-0% from 86.02% to 85.89%
WETH	-0% from 3.81K WETH to 3.79K WETH	+4% from 4.30K WETH to 4.45K WETH	-4% from 88.65% to 85.30%
VIRTUAL	+0% from 1.27M VIRTUAL to 1.27M VIRTUAL	-1% from 1.69M VIRTUAL to 1.68M VIRTUAL	+1% from 75.17% to 75.69%
MAMO	+3% from 2.41M MAMO to 2.47M MAMO	+13% from 3.91M MAMO to 4.41M MAMO	-9% from 61.58% to 56.12%
DAI	+8% from 13.00K DAI to 14.10K DAI	-0% from 22.86K DAI to 22.77K DAI	+9% from 56.87% to 61.92%
cbXRP	+0% from 792.38K cbXRP to 792.53K cbXRP	-0% from 2.38M cbXRP to 2.37M cbXRP	+0% from 33.33% to 33.46%
AERO	+3% from 4.64M AERO to 4.76M AERO	-10% from 22.04M AERO to 19.73M AERO	+15% from 21.04% to 24.14%
cbBTC	+13% from 26.71 cbBTC to 30.16 cbBTC	-1% from 179.12 cbBTC to 177.98 cbBTC	+14% from 14.91% to 16.95%
WELL	+2% from 23.55M WELL to 24.03M WELL	+0% from 176.96M WELL to 177.03M WELL	+2% from 13.31% to 13.57%
wstETH	+10% from 113.77 wstETH to 124.86 wstETH	-2% from 1.09K wstETH to 1.07K wstETH	+12% from 10.43% to 11.65%
USDbC	0% from 894.95 USDbC to 894.95 USDbC	0% from 8.03K USDbC to 8.03K USDbC	0% from 11.15% to 11.15%
LBTC	-32% from 5.93 LBTC to 4.04 LBTC	-2% from 56.21 LBTC to 55.26 LBTC	-31% from 10.55% to 7.32%
tBTC	-1% from 0.08 tBTC to 0.08 tBTC	0% from 0.88 tBTC to 0.88 tBTC	-1% from 9.13% to 9.08%
MORPHO	+0% from 166.14K MORPHO to 166.14K MORPHO	-0% from 5.63M MORPHO to 5.63M MORPHO	+0% from 2.95% to 2.95%
rETH	+14% from 9.75 rETH to 11.07 rETH	-0% from 728.61 rETH to 728.58 rETH	+14% from 1.34% to 1.52%
weETH	0% from 0.20 weETH to 0.20 weETH	+5% from 58.06 weETH to 61.25 weETH	-5% from 0.34% to 0.32%
VVV	-6% from 155.00 VVV to 145.95 VVV	-2% from 68.93K VVV to 67.39K VVV	-4% from 0.22% to 0.22%
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 -10% (22.04M → 19.73M AERO)
cbBTC borrows +13% (26.71 → 30.16 cbBTC)
LBTC borrows -32% (5.93 → 4.04 LBTC)

Liquidations

Total liquidations: 49
Total Collateral Seized (USD): $14,579.48
Total Debt Repaid (USD): $13,254.07
Total Liquidation Bonus (USD): $1,325.41
Total Liquidator Bonus (USD): $927.79
Total Protocol Bonus (USD): $397.62

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
USDC	9,250.592438	$9,249.29	$8,408.45	$840.84	$588.59	$252.25	9
AERO	1,733.492252	$783.71	$712.46	$71.25	$49.87	$21.37	11
WETH	0.026131	$49.55	$45.05	$4.50	$3.15	$1.35	20
VIRTUAL	58.519155	$35.52	$32.30	$3.23	$2.26	$0.97	3
WELL	7,517.460000	$25.31	$23.01	$2.30	$1.61	$0.69	2
cbBTC	0.000000	$0.02	$0.01	$0.00	$0.00	$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
WETH	20.00K	30.00K	1.98%	2.82%	46.79%
cbBTC	600.00	1.00K	0.77%	1.32%	34.15%
USDC	180.00M	200.00M	0.09%	0.33%	24.77%
USDT	180.00M	200.00M	0.10%	0.40%	21.93%

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
WETH	-0% from 395.76 WETH to 395.34 WETH	-6% from 881.08 WETH to 827.65 WETH	+6% from 44.92% to 47.77%
cbBTC	+87% from 3.32 cbBTC to 6.21 cbBTC	+23% from 11.91 cbBTC to 14.67 cbBTC	+52% from 27.86% to 42.30%
USDC	-21% from 187.99K USDC to 149.24K USDC	-11% from 743.49K USDC to 664.49K USDC	-11% from 25.29% to 22.46%
USDT	+15% from 169.17K USDT to 194.16K USDT	-6% from 710.64K USDT to 668.96K USDT	+22% from 23.80% to 29.02%

Notable Trends

cbBTC borrows +87% (3.32 → 6.21 cbBTC)
cbBTC supply +23% (11.91 → 14.67 cbBTC)
USDC supply -11% (743.49K → 664.49K USDC)
USDC borrows -21% (187.99K → 149.24K 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%
USDT0	8.00M	10.00M	0.49%	0.50%	78.98%
DAI	4.50M	4.80M	0.39%	0.51%	71.82%
USDC	34.00M	36.40M	1.44%	1.93%	69.89%
USDT	18.40M	22.60M	0.17%	0.23%	62.93%
WETH	30.00K	32.00K	0.45%	1.25%	34.05%
weETH	0.00	90.00	0.00%	8.24%	17.48%
OP	650.00K	5.60M	17.25%	13.01%	15.40%
wrsETH	0.00	0.00	0.00%	0.00%	15.12%
rETH	0.00	750.00	0.00%	2.23%	13.90%
WBTC	0.00	0.00	0.00%	0.00%	12.93%
VELO	6.00M	80.00M	93.21%	87.45%	7.93%
wstETH	0.00	5.00K	0.00%	3.15%	2.24%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$5,067.00	2.32210264	$614.70	0.2806
wstETH	$3,238.00	1.39794079	$4,946.50	2.1271
cbETH	$408.00	0.19228614	$19.80	0.0093
WETH	$68.00	0.03623573	$58,202.01	31.0321
VELO	$27.00	1461.84259721	$10,682.61	593478.1459

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%
USDT0	-75% from 39.90K USDT0 to 10.13K USDT0	-22% from 51.50K USDT0 to 40.11K USDT0	-67% from 77.47% to 25.26%
DAI	+0% from 17.58K DAI to 17.59K DAI	-0% from 24.50K DAI to 24.48K DAI	+0% from 71.74% to 71.85%
USDC	-11% from 496.88K USDC to 440.64K USDC	-20% from 720.14K USDC to 578.02K USDC	+10% from 69.00% to 76.23%
USDT	+0% from 32.04K USDT to 32.07K USDT	-5% from 51.13K USDT to 48.50K USDT	+6% from 62.66% to 66.12%
WETH	-19% from 147.64 WETH to 119.15 WETH	-36% from 409.13 WETH to 262.55 WETH	+26% from 36.09% to 45.38%
weETH	0% from 1.30 weETH to 1.30 weETH	0% from 7.41 weETH to 7.41 weETH	0% from 17.48% to 17.48%
OP	-10% from 103.24K OP to 92.97K OP	-0% from 730.12K OP to 727.92K OP	-10% from 14.14% to 12.77%
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%
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%
WBTC	0% from 0.00 WBTC to 0.00 WBTC	-5% from 0.00 WBTC to 0.00 WBTC	+5% from 12.41% to 13.07%
VELO	-70% from 5.99M VELO to 1.80M VELO	-17% from 72.88M VELO to 60.25M VELO	-64% from 8.22% to 2.98%
wstETH	+0% from 3.52 wstETH to 3.52 wstETH	-12% from 167.03 wstETH to 147.46 wstETH	+13% from 2.11% to 2.39%

Notable Trends

WETH supply -36% (409.13 → 262.55 WETH)
VELO supply -17% (72.88M → 60.25M VELO)
USDC supply -20% (720.14K → 578.02K USDC)
VELO borrows -70% (5.99M → 1.80M VELO)
USDC borrows -11% (496.88K → 440.64K USDC)
WETH borrows -19% (147.64 → 119.15 WETH)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $2.43
Total Debt Repaid (USD): $2.20
Total Liquidation Bonus (USD): $0.22
Total Liquidator Bonus (USD): $0.15
Total Protocol Bonus (USD): $0.07

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
VELO	139.858000	$2.43	$2.20	$0.22	$0.15	$0.07	1

Moonbeam

Asset	Current Borrow Cap	Average Borrow Cap Usage (Past Week)	Average Utilization
GLMR	0.10	14534.52M%	100.00%
xcUSDT	0.10	9.63M%	17.75%
USDC.wh	0.10	5.87M%	15.32%
xcUSDC	0.10	2.16M%	8.59%
ETH.wh	0.10	809.02%	4.98%
BTC.wh	0.10	22.80%	3.63%
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	$122,614.00	14439049.24010688	$48,116.30	5346255.46
USDC.wh	$8.00	5.873502	$5,903.22	5903.2162
xcUSDT	$6.00	5.61046	$9,803.68	9813.4947
BTC.wh	$1.00	0.00001286	$2,025.83	0.0311

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
GLMR	+0% from 14.53M GLMR to 14.54M GLMR	+0% from 14.53M GLMR to 14.54M GLMR	0% from 100.00% to 100.00%
xcUSDT	0% from 9.63K xcUSDT to 9.63K xcUSDT	0% from 54.25K xcUSDT to 54.25K xcUSDT	0% from 17.75% to 17.75%
USDC.wh	-0% from 5.88K USDC.wh to 5.85K USDC.wh	-1% from 38.68K USDC.wh to 38.31K USDC.wh	+1% from 15.20% to 15.28%
xcUSDC	+0% from 2.16K xcUSDC to 2.16K xcUSDC	-0% from 25.14K xcUSDC to 25.11K xcUSDC	+0% from 8.59% to 8.60%
ETH.wh	+0% from 0.81 ETH.wh to 0.81 ETH.wh	-0% from 16.25 ETH.wh to 16.25 ETH.wh	+0% from 4.98% to 4.98%
BTC.wh	0% from 0.02 BTC.wh to 0.02 BTC.wh	0% from 0.63 BTC.wh to 0.63 BTC.wh	0% from 3.63% to 3.63%
xcDOT	+0% from 2.97K xcDOT to 2.97K xcDOT	+0% from 516.38K xcDOT to 516.38K xcDOT	+0% from 0.57% to 0.58%
FRAX	+0% from 63.33 FRAX to 63.33 FRAX	-0% from 37.52K FRAX to 37.51K FRAX	+0% from 0.17% to 0.17%

Liquidations

No liquidation events this week.

AnthiasLabs · July 30, 2026, 9:58pm

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.

AnthiasLabs · August 7, 2026, 3:17am

Weekly Update (7/31/26 - 8/6/26)

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 7/31/26 to 8/6/26. 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	1.47%	1.52%	89.47%
EURC	21.00M	21.90M	2.04%	2.23%	88.19%
USDC	184.00M	200.00M	7.15%	7.67%	85.92%
WETH	64.00K	96.00K	5.95%	4.72%	84.18%
VIRTUAL	0.00	4.50M	0.00%	37.20%	74.89%
DAI	300.00K	400.00K	4.21%	5.33%	59.30%
MAMO	3.00M	20.00M	79.41%	21.55%	55.27%
cbXRP	0.00	5.00M	0.00%	47.81%	32.94%
AERO	7.50M	70.00M	75.33%	29.44%	27.45%
cbBTC	90.00	1.50K	32.93%	12.20%	16.20%
wstETH	500.00	14.40K	29.15%	7.35%	13.77%
USDbC	1.00	1.00	89.51K%	801.80K%	11.16%
WELL	34.00M	250.00M	50.94%	71.77%	9.65%
tBTC	5.00	50.00	1.44%	1.74%	8.26%
LBTC	10.00	95.00	41.05%	58.16%	7.43%
MORPHO	100.00K	6.00M	166.06%	93.88%	2.95%
rETH	200.00	2.60K	5.52%	27.88%	1.52%
VVV	1.00K	170.00K	79.86%	39.75%	1.18%
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	$1,458,653.24	674.81841396	$5,493.20	2.5433
cbXRP	$772,303.67	745143.001744	$734.22	712.1435
VIRTUAL	$703,359.45	1240778.93368163	$331.14	585.0493
WETH	$304,300.60	160.00899643	$1,110.53	0.5844
MORPHO	$199,836.14	104914.36431366	$34.52	18.0364
EURC	$165,507.39	143677.384408	$495.49	430.1154
USDC	$143,354.90	143384.345705	$9,684.12	9684.1198
wstETH	$108,311.31	45.89716605	$17.21	0.0073
AERO	$66,607.46	153540.7538163	$2,098.94	4836.2702
USDS	$894.49	894.70308462	$8.10	8.0964
WELL	$71.39	23751.08449158	$8,749.92	2916639.1704
cbBTC	$9.06	0.00014087	$8,727.85	0.1359
weETH	$6.95	0.00331854	$107.94	0.0516
rETH	$2.10	0.00094283	$1,350.63	0.608
LBTC	$1.02	0.00001579	$25.81	0.0004
wrsETH	$0.97	0.00047019	$2,404.80	1.1746
MAMO	$0.43	46.52012155	$408.79	45421.5669
tBTC	$0.43	0.0000067	$4,878.60	0.0757
USDbC	$0.03	0.033617	$4.12	4.1165

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
cbETH	+0% from 687.49 cbETH to 687.62 cbETH	+0% from 687.49 cbETH to 687.62 cbETH	0% from 100.00% to 100.00%
USDS	+0% from 10.12K USDS to 10.16K USDS	+10% from 11.20K USDS to 12.33K USDS	-9% from 90.43% to 82.37%
EURC	-0% from 427.11K EURC to 426.52K EURC	+9% from 479.15K EURC to 520.19K EURC	-8% from 89.14% to 81.99%
USDC	-2% from 13.18M USDC to 12.92M USDC	-3% from 15.41M USDC to 14.94M USDC	+1% from 85.50% to 86.52%
WETH	+2% from 3.79K WETH to 3.86K WETH	+1% from 4.49K WETH to 4.51K WETH	+1% from 84.35% to 85.58%
VIRTUAL	+0% from 1.25M VIRTUAL to 1.25M VIRTUAL	+1% from 1.66M VIRTUAL to 1.68M VIRTUAL	-1% from 75.36% to 74.79%
DAI	-1% from 12.63K DAI to 12.53K DAI	+0% from 21.29K DAI to 21.31K DAI	-1% from 59.29% to 58.78%
MAMO	+4% from 2.36M MAMO to 2.44M MAMO	+2% from 4.26M MAMO to 4.36M MAMO	+1% from 55.33% to 56.02%
cbXRP	+0% from 787.17K cbXRP to 787.32K cbXRP	+1% from 2.37M cbXRP to 2.40M cbXRP	-1% from 33.15% to 32.75%
AERO	+24% from 4.70M AERO to 5.83M AERO	-7% from 20.75M AERO to 19.40M AERO	+33% from 22.64% to 30.02%
cbBTC	-2% from 30.89 cbBTC to 30.40 cbBTC	+0% from 182.70 cbBTC to 182.85 cbBTC	-2% from 16.91% to 16.63%
wstETH	+16% from 127.95 wstETH to 148.56 wstETH	-0% from 1.06K wstETH to 1.06K wstETH	+16% from 12.09% to 14.08%
USDbC	+0% from 895.04 USDbC to 895.10 USDbC	+0% from 8.02K USDbC to 8.02K USDbC	+0% from 11.16% to 11.16%
WELL	+5% from 16.91M WELL to 17.80M WELL	+1% from 178.99M WELL to 180.16M WELL	+5% from 9.45% to 9.88%
tBTC	+0% from 0.07 tBTC to 0.07 tBTC	0% from 0.87 tBTC to 0.87 tBTC	+0% from 8.24% to 8.27%
LBTC	+5% from 4.07 LBTC to 4.26 LBTC	-0% from 55.29 LBTC to 55.25 LBTC	+5% from 7.37% to 7.71%
MORPHO	+0% from 166.05K MORPHO to 166.07K MORPHO	+0% from 5.63M MORPHO to 5.63M MORPHO	-0% from 2.95% to 2.95%
rETH	-0% from 11.05 rETH to 11.05 rETH	-2% from 729.00 rETH to 717.55 rETH	+2% from 1.52% to 1.54%
VVV	+446% from 180.14 VVV to 983.67 VVV	+0% from 67.44K VVV to 67.64K VVV	+444% from 0.27% to 1.45%
weETH	0% from 0.19 weETH to 0.19 weETH	+1% from 61.24 weETH to 62.02 weETH	-1% from 0.32% 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

AERO borrows +24% (4.70M → 5.83M AERO)
wstETH borrows +16% (127.95 → 148.56 wstETH)

Liquidations

Total liquidations: 35
Total Collateral Seized (USD): $16,918.50
Total Debt Repaid (USD): $15,380.45
Total Liquidation Bonus (USD): $1,538.05
Total Liquidator Bonus (USD): $1,076.63
Total Protocol Bonus (USD): $461.41

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
USDC	9,469.706780	$9,467.93	$8,607.21	$860.72	$602.50	$258.22	4
cbETH	2.038746	$4,300.00	$3,909.09	$390.91	$273.64	$117.27	2
cbBTC	0.031499	$2,017.87	$1,834.43	$183.44	$128.41	$55.03	2
WETH	0.311919	$572.46	$520.42	$52.04	$36.43	$15.61	8
AERO	988.267022	$405.53	$368.66	$36.87	$25.81	$11.06	9
cbXRP	86.288800	$90.85	$82.59	$8.26	$5.78	$2.48	1
WELL	19,484.565200	$57.22	$52.02	$5.20	$3.64	$1.56	5
VIRTUAL	9.064730	$5.04	$4.58	$0.46	$0.32	$0.14	2
DAI	1.211020	$1.21	$1.10	$0.11	$0.08	$0.03	1
rETH	0.000172	$0.38	$0.35	$0.03	$0.02	$0.01	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	0.15%	0.28%	46.99%
WETH	20.00K	30.00K	2.23%	3.20%	46.69%
USDT	180.00M	200.00M	0.12%	0.26%	40.92%
cbBTC	600.00	1.00K	0.72%	1.28%	34.00%

Week-over-Week Changes

Asset	Total Borrow	Total Supply	Utilization
USDC	+135% from 169.70K USDC to 398.89K USDC	-5% from 654.51K USDC to 623.24K USDC	+147% from 25.93% to 64.00%
WETH	+0% from 445.42 WETH to 445.51 WETH	+19% from 869.73 WETH to 1.04K WETH	-16% from 51.21% to 42.98%
USDT	+87% from 155.12K USDT to 290.58K USDT	-5% from 557.73K USDT to 528.75K USDT	+98% from 27.81% to 54.96%
cbBTC	-32% from 6.21 cbBTC to 4.21 cbBTC	-7% from 14.69 cbBTC to 13.71 cbBTC	-27% from 42.27% to 30.73%

Notable Trends

WETH supply +19% (869.73 → 1.04K WETH)
USDC borrows +135% (169.70K → 398.89K USDC)
USDT borrows +87% (155.12K → 290.58K USDT)
cbBTC borrows -32% (6.21 → 4.21 cbBTC)

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	1.42%	1.68%	79.07%
DAI	4.50M	4.80M	0.39%	0.51%	71.89%
USDT	18.40M	22.60M	0.17%	0.21%	67.02%
USDT0	8.00M	10.00M	0.23%	0.36%	52.35%
WETH	30.00K	32.00K	0.36%	0.76%	44.41%
wrsETH	0.00	0.00	0.00%	0.00%	16.84%
weETH	0.00	90.00	0.00%	8.24%	15.92%
OP	650.00K	5.60M	16.05%	12.82%	14.53%
WBTC	0.00	0.00	0.00%	0.00%	13.07%
rETH	0.00	750.00	0.00%	2.19%	12.44%
wstETH	0.00	5.00K	0.00%	2.91%	1.45%
VELO	6.00M	80.00M	6.30%	42.36%	1.12%

Bad Debt & Reserves

Market	Bad Debt (USD)	Bad Debt (tokens)	Reserves (USD)	Reserves (tokens)
rETH	$4,542.00	2.04291324	$0.44	0.0002
cbETH	$416.00	0.19228614	$20.10	0.0093
WETH	$69.00	0.0362458	$58,998.41	31.0351
VELO	$27.00	1463.04876622	$10,684.28	593571.2214

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	+15% from 478.79K USDC to 551.22K USDC	+10% from 613.40K USDC to 673.80K USDC	+5% from 78.06% to 81.81%
DAI	+0% from 17.61K DAI to 17.63K DAI	-0% from 24.50K DAI to 24.50K DAI	+0% from 71.87% to 71.98%
USDT	+0% from 32.09K USDT to 32.11K USDT	+0% from 48.02K USDT to 48.20K USDT	-0% from 66.82% to 66.62%
USDT0	+0% from 18.73K USDT0 to 18.75K USDT0	-0% from 35.87K USDT0 to 35.76K USDT0	+0% from 52.23% to 52.43%
WETH	-2% from 108.14 WETH to 105.44 WETH	+0% from 241.99 WETH to 243.08 WETH	-3% from 44.69% to 43.38%
wrsETH	-98% from 0.28 wrsETH to 0.00 wrsETH	-18% from 1.49 wrsETH to 1.22 wrsETH	-98% from 18.64% to 0.36%
weETH	+0% from 1.18 weETH to 1.18 weETH	+0% from 7.41 weETH to 7.42 weETH	+0% from 15.92% to 15.92%
OP	-12% from 107.71K OP to 94.76K OP	-0% from 717.73K OP to 717.63K OP	-12% from 15.01% to 13.21%
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%
rETH	+0% from 2.05 rETH to 2.05 rETH	+0% from 16.44 rETH to 16.44 rETH	+0% from 12.44% to 12.44%
wstETH	0% from 2.11 wstETH to 2.11 wstETH	-0% from 145.36 wstETH to 145.26 wstETH	+0% from 1.45% to 1.45%
VELO	-26% from 466.97K VELO to 347.31K VELO	-1% from 34.04M VELO to 33.68M VELO	-25% from 1.37% to 1.03%

Notable Trends

USDC borrows +15% (478.79K → 551.22K USDC)
USDC supply +10% (613.40K → 673.80K USDC)
VELO borrows -26% (466.97K → 347.31K VELO)

Liquidations

Total liquidations: 1
Total Collateral Seized (USD): $0.21
Total Debt Repaid (USD): $0.19
Total Liquidation Bonus (USD): $0.02
Total Liquidator Bonus (USD): $0.01
Total Protocol Bonus (USD): $0.01

Asset	Total Seized (Tokens)	Total Seized (USD)	Debt Repaid (USD)	Liquidation Bonus (USD)	Liquidator Bonus (USD)	Protocol Bonus (USD)	Liquidation Count
OP	2.503500	$0.21	$0.19	$0.02	$0.01	$0.01	1

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