Technically over the past month, borrow amount went from 1.8b to to 2.7b. No doubt a big chunk of this was driven by the price action of Luna. However, to say that there is little evidence seems dismissive.
Don’t forget that we also have MARS finding their footing and if APR for Borrow drops too negative (due to a low ANC price) we might just see an exodus of Luna to MARS if they offer a better rate…