---
# System prepended metadata

title: '[Gauntlet]  Market Update: (2023-11-14 through 2023-11-20)'

---

# [Gauntlet]  Market Update: (2023-11-30 through 2023-12-06)

Gauntlet would like to provide the community with an update on this market over the past week.

## Simple Summary

- wstETH's borrow balance increased WoW by 118.58% from $143.12K to $312.84K. USDbC's borrow balance decreased WoW by -4.57% from $1,154.68K to $1,101.86K.
- rETH's supply balance increased WoW by 52.60% from $443.37K to $676.59K. USDbC's supply balance decreased WoW by -2.85% from $1,441.04K to $1,400.00K.
- wstETH's utilization increased WoW by 88.22% from 23.81% to 44.82%. cbETH's utilization decreased WoW by -4.55% from 20.62% to 19.68%.


## Asset Supply

This graph shows the total supply of all assets over the past week.

![Supply](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/supplies.png)

To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_asset_supply).

## Base Asset Borrows

This graph shows the total borrows of all assets over the past week.

![Borrows](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/borrows.png)

To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_asset_borrows).

## Utilization

This graph shows the utilization (borrow / supply) of all assets over the past week.

![Utilization](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/utilization.png)

## Supply Cap Usage

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

![Supply Cap Usage](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/supply_cap_usage.png)

## Borrow Cap Usage

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

![Borrow Cap Usage](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/borrow_cap_usage.png)

## On-chain Liquidity

This table gives high-level statistics over this past week.

| Asset | Current Borrow Cap | Current Supply Cap | Average Borrow Cap Usage (Past Week) | Average Supply Cap Usage (Past Week) | Current DEX 25% Slippage (Tokens) | Current DEX 25% Slippage (USD) |
|-------|------------|------------|------------------|------------------|---------------------------|------------------------|

## Weekly Annualized Reserve and Interest Projections

![Interest and Reserves Projections](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/reserves_and_interest.png)

## Protocol Growth

![Accounts](https://storage.googleapis.com/gauntlet-forum-post-assets/will/weekly-update-forum-posts/moonwell_base/2023-12-06/accounts.png)

To see updated statistics, please see the live version of this graph [here](https://risk.gauntlet.network/protocols/moonwell/markets/base?fullscreen=market_health_timeseries_accounts).
