Utilization rate (lending protocols)
Venus Protocol's assessment for RD-F-066 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Protocol-wide utilization rate: 41.85% ($528M borrowed / $1.262B supplied) as of 2026-04-28 (DefiLlama borrow data). This is elevated vs the 2025 annual average of 30.48% (Messari Q3 2025) but within normal DeFi lending ranges. No utilization-driven liquidity crisis is evident at the protocol level. Per-market breakdown not available from free-tier API for all Core Pool markets, introducing some uncertainty on individual market utilization. BNB borrow is approximately 39% of total borrow by volume (Q3 2025, Messari), indicating some borrow-book concentration.
Sources #
- Partner feedVenus Protocol — DefiLlama Borrow DataDefiLlama API — total_borrowed_usd $528,039,501 vs total_supplied_usd $1,261,745,745 (utilization 41.85%)retrieved 2026-04-28
- State of Venus Q3 2025 — MessariMessari Q3 2025 State of Venus — 2025 average utilization 30.48%retrieved 2026-04-28
Methodology #
Read the borrowed/supplied ratio per market; flag markets above 95% utilization as at-risk for withdrawal freeze.
See the full factor methodology and distribution across all protocols →