What's being deposited and borrowed across Aave V3, Spark, Morpho, and Fluid, and what risk it creates.
Restaked ETH (WEETH + RSETH) is $4.4B of collateral across the four protocols — 16% of total. WETH at 41.0% of all borrows — the on-chain credit market is fundamentally an ETH borrowing market.
| # | Asset | Type | Supplied | Share | By Protocol | Bar |
|---|---|---|---|---|---|---|
| 1 | WETH | Native | $5.80B | 17.7% | ||
| 2 | WSTETH | Liquid Staked | $5.53B | 16.8% | ||
| 3 | USDC | Stablecoin | $3.56B | 10.9% | ||
| 4 | WEETH | Restaked | $3.31B | 10.1% | ||
| 5 | WBTC | Native | $3.12B | 9.5% | ||
| 6 | USDT | Stablecoin | $3.08B | 9.4% | ||
| 7 | CBBTC | Native | $2.06B | 6.3% | ||
| 8 | RSETH | Restaked | $1.11B | 3.4% | ||
| 9 | SUSDE | Stablecoin | $468.58M | 1.4% | ||
| 10 | LBTC | Native | $450.33M | 1.4% |
| # | Asset | Type | Borrowed | Share | By Protocol | Bar |
|---|---|---|---|---|---|---|
| 1 | WETH | Native | $5.26B | 39.2% | ||
| 2 | USDC | Stablecoin | $3.26B | 24.3% | ||
| 3 | USDT | Stablecoin | $2.80B | 20.9% | ||
| 4 | DAI | Stablecoin | $301.62M | 2.2% | ||
| 5 | PYUSD | Stablecoin | $267.28M | 2.0% | ||
| 6 | WSTETH | Liquid Staked | $215.02M | 1.6% | ||
| 7 | GHO | Stablecoin | $196.02M | 1.5% | ||
| 8 | USDE | Stablecoin | $183.86M | 1.4% | ||
| 9 | ETH | Native | $181.56M | 1.4% | ||
| 10 | USDTB | Stablecoin | $169.60M | 1.3% |
Datum Labs. (2026). Lending Intelligence Terminal: Collateral Landscape. Retrieved May 10, 2026 from https://lending-intelligence-terminal.vercel.app/collateral.