[Gauntlet] Weekly Market Updates: Ethereum USDC

[Gauntlet] Ethereum v3 USDC Update: (11/03/2023 - 11/09/2023)

Gauntlet would like to provide the community with an update on the USDC comet over the past week.

Simple Summary

  • USDC Borrows decreased 0.4%, from $345.48M to $344.1M.
  • USDC Supply increased 0.04%, from $365.79M to $365.95M.
  • USDC utilization decreased 0.44%, from 94.45% to 94.03%.
  • The minimum USDC reserve growth was 6.67%, and the maximum was 17.0%. The average USDC reserve growth was 11.28%.
  • The comet accumulated $42.4k USDC reserves while distributing $225.41k COMP rewards for a weekly Net Protocol Profit of $-183.01k.

Collateral Asset Supply

This graph shows the time series of total supply of all collateral assets.

To see updated statistics, please see the live version of this graph here.

Base Asset Borrows

This graph shows the time series of total borrows of the base asset.

To see updated statistics, please see the live version of this graph here.

Utilization

This graph shows the utilization (borrow / supply) of the base asset over the past week.

Supply Cap Usage

This graph shows the supply cap usage (supply / supply cap) of all collateral assets over the past week.