Liquidation wave · Closed
$15.2M on-chain liquidation wave, 12 Oct 2025
Magnitude
M 4.2
on-chain, scale v1
Liquidated
$15.2M
USD at the block
Liquidations on Aave v3 and GMX v2 (Ethereum, Arbitrum and Base) totalled $15.2M between 00:25 and 00:55 UTC on 12 Oct 2025. 15 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 12 Oct 2025, 00:25 UTC
- Peak
- 5 minutes from 12 Oct 2025, 00:50 UTC
- Ended
- 12 Oct 2025, 00:55 UTC
- Duration
- 30 min
- Positions liquidated
- 15 (15 liquidation events)
- Normal level
- Median hourly total $37K, 95th percentile $721K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Aave v3 | $15.1M | 99% |
| GMX v2 | $118K | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $15.1M | 99% |
| Arbitrum | $118K | <1% |
| Base | $1K | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $15.2M | 100% |
| Other | $46K | <1% |
| Bitcoin | $686 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x3e8d965d…4aa6a6 | Aave v3 (Ethereum) | $15.1M |
| 0xe1f81ede…0b6576 | GMX v2 (Arbitrum) | $64K |
| 0x78d72290…c4e531 | GMX v2 (Arbitrum) | $40K |
| 0xe95717ad…4969b5 | GMX v2 (Arbitrum) | $5K |
| 0xb6be5ae9…887241 | GMX v2 (Arbitrum) | $3K |
| 0x9c681f92…1f8079 | GMX v2 (Arbitrum) | $2K |
| 0x4a15eca7…ade79d | GMX v2 (Arbitrum) | $2K |
| 0xda8b9c0a…561897 | Aave v3 (Base) | $1K |
| 0xc7d2eaec…f8bd9b | GMX v2 (Arbitrum) | $686 |
| 0x3258ae78…eb7c64 | GMX v2 (Arbitrum) | $292 |
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