Seismograph by Cryptograph Club

Liquidation wave · Closed

$359.3M on-chain liquidation wave, 10 Oct 2025

Magnitude M 5.6 on-chain, scale v1
Liquidated $359.3M USD at the block
Busiest hour $325.3M to 10 Oct 2025, 21:50 UTC

Liquidations on Aave v3, GMX v2, Compound v3, Morpho Blue, Spark and Sky (Ethereum, Arbitrum and Base) totalled $359.3M between 14:55 UTC on 10 Oct and 01:55 UTC on 11 Oct 2025. The busiest hour saw $325.3M. 5,440 positions were liquidated. 10 liquidations could not be valued and are not included.

Timeline

$0$50.0M$100.0M$150.0M10 Oct 13:55–14:00 UTC: $9K13:5510 Oct 14:00–14:05 UTC: $2K10 Oct 14:05–14:10 UTC: $010 Oct 14:10–14:15 UTC: $10K10 Oct 14:15–14:20 UTC: $13K10 Oct 14:20–14:25 UTC: $20K10 Oct 14:25–14:30 UTC: $18K10 Oct 14:30–14:35 UTC: $6K10 Oct 14:35–14:40 UTC: $21K10 Oct 14:40–14:45 UTC: $1510 Oct 14:45–14:50 UTC: $010 Oct 14:50–14:55 UTC: $4K10 Oct 14:55–15:00 UTC: $393K10 Oct 15:00–15:05 UTC: $145K10 Oct 15:05–15:10 UTC: $18K10 Oct 15:10–15:15 UTC: $46610 Oct 15:15–15:20 UTC: $341K10 Oct 15:20–15:25 UTC: $2.4M10 Oct 15:25–15:30 UTC: $771K15:2510 Oct 15:30–15:35 UTC: $3.8M10 Oct 15:35–15:40 UTC: $1K10 Oct 15:40–15:45 UTC: $22K10 Oct 15:45–15:50 UTC: $39K10 Oct 15:50–15:55 UTC: $35K10 Oct 15:55–16:00 UTC: $46K10 Oct 16:00–16:05 UTC: $48K10 Oct 16:05–16:10 UTC: $8K10 Oct 16:10–16:15 UTC: $6K10 Oct 16:15–16:20 UTC: $15K10 Oct 16:20–16:25 UTC: $210 Oct 16:25–16:30 UTC: $4K10 Oct 16:30–16:35 UTC: $010 Oct 16:35–16:40 UTC: $4K10 Oct 16:40–16:45 UTC: $6K10 Oct 16:45–16:50 UTC: $91010 Oct 16:50–16:55 UTC: $24610 Oct 16:55–17:00 UTC: $19K16:5510 Oct 17:00–17:05 UTC: $63K10 Oct 17:05–17:10 UTC: $429K10 Oct 17:10–17:15 UTC: $3K10 Oct 17:15–17:20 UTC: $2K10 Oct 17:20–17:25 UTC: $75K10 Oct 17:25–17:30 UTC: $9K10 Oct 17:30–17:35 UTC: $14710 Oct 17:35–17:40 UTC: $167K10 Oct 17:40–17:45 UTC: $33K10 Oct 17:45–17:50 UTC: $254K10 Oct 17:50–17:55 UTC: $13K10 Oct 17:55–18:00 UTC: $40K10 Oct 18:00–18:05 UTC: $3K10 Oct 18:05–18:10 UTC: $43K10 Oct 18:10–18:15 UTC: $6K10 Oct 18:15–18:20 UTC: $96210 Oct 18:20–18:25 UTC: $010 Oct 18:25–18:30 UTC: $018:2510 Oct 18:30–18:35 UTC: $010 Oct 18:35–18:40 UTC: $23K10 Oct 18:40–18:45 UTC: $455K10 Oct 18:45–18:50 UTC: $37K10 Oct 18:50–18:55 UTC: $9K10 Oct 18:55–19:00 UTC: $18510 Oct 19:00–19:05 UTC: $010 Oct 19:05–19:10 UTC: $437K10 Oct 19:10–19:15 UTC: $536K10 Oct 19:15–19:20 UTC: $108K10 Oct 19:20–19:25 UTC: $1.7M10 Oct 19:25–19:30 UTC: $6.5M10 Oct 19:30–19:35 UTC: $627K10 Oct 19:35–19:40 UTC: $6K10 Oct 19:40–19:45 UTC: $17K10 Oct 19:45–19:50 UTC: $1K10 Oct 19:50–19:55 UTC: $12K10 Oct 19:55–20:00 UTC: $5K19:5510 Oct 20:00–20:05 UTC: $37310 Oct 20:05–20:10 UTC: $3K10 Oct 20:10–20:15 UTC: $6K10 Oct 20:15–20:20 UTC: $010 Oct 20:20–20:25 UTC: $20310 Oct 20:25–20:30 UTC: $010 Oct 20:30–20:35 UTC: $53910 Oct 20:35–20:40 UTC: $010 Oct 20:40–20:45 UTC: $3010 Oct 20:45–20:50 UTC: $010 Oct 20:50–20:55 UTC: $3.3M10 Oct 20:55–21:00 UTC: $9.0M10 Oct 21:00–21:05 UTC: $2.6M10 Oct 21:05–21:10 UTC: $155K10 Oct 21:10–21:15 UTC: $52.4M10 Oct 21:15–21:20 UTC: $130.0M10 Oct 21:20–21:25 UTC: $112.9M10 Oct 21:25–21:30 UTC: $8.6M21:2510 Oct 21:30–21:35 UTC: $3.3M10 Oct 21:35–21:40 UTC: $2.0M10 Oct 21:40–21:45 UTC: $750K10 Oct 21:45–21:50 UTC: $381K10 Oct 21:50–21:55 UTC: $318K10 Oct 21:55–22:00 UTC: $220K10 Oct 22:00–22:05 UTC: $598K10 Oct 22:05–22:10 UTC: $1.0M10 Oct 22:10–22:15 UTC: $515K10 Oct 22:15–22:20 UTC: $230K10 Oct 22:20–22:25 UTC: $282K10 Oct 22:25–22:30 UTC: $4.2M10 Oct 22:30–22:35 UTC: $681K10 Oct 22:35–22:40 UTC: $247K10 Oct 22:40–22:45 UTC: $295K10 Oct 22:45–22:50 UTC: $1.9M10 Oct 22:50–22:55 UTC: $122K10 Oct 22:55–23:00 UTC: $342K22:5510 Oct 23:00–23:05 UTC: $1.0M10 Oct 23:05–23:10 UTC: $400K10 Oct 23:10–23:15 UTC: $945K10 Oct 23:15–23:20 UTC: $35K10 Oct 23:20–23:25 UTC: $35K10 Oct 23:25–23:30 UTC: $3K10 Oct 23:30–23:35 UTC: $33K10 Oct 23:35–23:40 UTC: $13K10 Oct 23:40–23:45 UTC: $20K10 Oct 23:45–23:50 UTC: $31K10 Oct 23:50–23:55 UTC: $52K10 Oct 23:55–00:00 UTC: $54K11 Oct 00:00–00:05 UTC: $8K11 Oct 00:05–00:10 UTC: $4K11 Oct 00:10–00:15 UTC: $24K11 Oct 00:15–00:20 UTC: $103K11 Oct 00:20–00:25 UTC: $31K11 Oct 00:25–00:30 UTC: $26K00:2511 Oct 00:30–00:35 UTC: $15K11 Oct 00:35–00:40 UTC: $8K11 Oct 00:40–00:45 UTC: $31011 Oct 00:45–00:50 UTC: $9K11 Oct 00:50–00:55 UTC: $17K11 Oct 00:55–01:00 UTC: $5K11 Oct 01:00–01:05 UTC: $31K11 Oct 01:05–01:10 UTC: $3K11 Oct 01:10–01:15 UTC: $10K11 Oct 01:15–01:20 UTC: $168K11 Oct 01:20–01:25 UTC: $101K11 Oct 01:25–01:30 UTC: $2K11 Oct 01:30–01:35 UTC: $1K11 Oct 01:35–01:40 UTC: $011 Oct 01:40–01:45 UTC: $118K11 Oct 01:45–01:50 UTC: $17K11 Oct 01:50–01:55 UTC: $71K11 Oct 01:55–02:00 UTC: $7K01:5511 Oct 02:00–02:05 UTC: $4K11 Oct 02:05–02:10 UTC: $4K11 Oct 02:10–02:15 UTC: $2K11 Oct 02:15–02:20 UTC: $10K11 Oct 02:20–02:25 UTC: $39K11 Oct 02:25–02:30 UTC: $204K11 Oct 02:30–02:35 UTC: $011 Oct 02:35–02:40 UTC: $2K11 Oct 02:40–02:45 UTC: $2K11 Oct 02:45–02:50 UTC: $8K11 Oct 02:50–02:55 UTC: $386

All covered venues, with an hour before and after the wave for comparison.

Facts

Started
10 Oct 2025, 14:55 UTC
Peak
5 minutes from 10 Oct 2025, 21:15 UTC
Ended
11 Oct 2025, 01:55 UTC
Duration
11 h
Positions liquidated
5,440 (5,476 liquidation events)
Normal level
Median hourly total $35K, 95th percentile $595K, over the 30 days before the day it started
Not valued
10 liquidations could not be valued and are not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Aave v3$154.1M43%
GMX v2$101.7M28%
Compound v3$44.5M12%
Morpho Blue$41.1M11%
Spark$17.2M5%
Sky$774K<1%
By chain
ValuedShare
Ethereum$204.8M57%
Arbitrum$124.7M35%
Base$29.8M8%
By asset
ValuedShare
Bitcoin$159.8M44%
Ethereum$103.1M29%
Other$94.3M26%
Stablecoins$2.1M<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xf44e2a4a…4d1d66 GMX v2 (Arbitrum) $30.6M
0xefe08cc9…78cd8f Aave v3 (Ethereum) $11.8M
0x1ddaa613…8f2dac Spark (Ethereum) $11.3M
0xeb04da1e…08fed8 Aave v3 (Ethereum) $7.7M
0x69f54a69…300b51 Compound v3 (Ethereum) $6.4M
0xfe74f5ba…e0d3e8 Aave v3 (Ethereum) $5.6M
0xbf7f486e…350731 Compound v3 (Ethereum) $5.3M
0x15b0438b…b6873b Aave v3 (Ethereum) $4.2M
0xde8828bc…65b256 Aave v3 (Ethereum) $4.0M
0xa5f59c31…7e2c96 Compound v3 (Ethereum) $3.9M

Values are in USD at the block of each liquidation, from on-chain prices. On-chain liquidation magnitudes measure DeFi venues only and are not yet comparable with hack or depeg magnitudes. Methodology · The magnitude scale