Liquidation wave · Closed
$7.6M on-chain liquidation wave, 27 Oct 2025
Magnitude
M 3.9
on-chain, scale v1
Liquidated
$7.6M
USD at the block
Busiest hour
$7.5M
to 27 Oct 2025, 21:30 UTC
Liquidations on GMX v2, Aave v3 and Morpho Blue (Arbitrum, Base and Ethereum) totalled $7.6M between 20:30 and 21:40 UTC on 27 Oct 2025. The busiest hour saw $7.5M. 25 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 27 Oct 2025, 20:30 UTC
- Peak
- 5 minutes from 27 Oct 2025, 21:20 UTC
- Ended
- 27 Oct 2025, 21:40 UTC
- Duration
- 1 h 10 min
- Positions liquidated
- 25 (25 liquidation events)
- Normal level
- Median hourly total $35K, 95th percentile $931K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $7.6M | 100% |
| Aave v3 | $103 | <1% |
| Morpho Blue | $2 | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $7.6M | 100% |
| Base | $96 | <1% |
| Ethereum | $9 | <1% |
| Valued | Share | |
|---|---|---|
| Other | $7.5M | 99% |
| Ethereum | $53K | <1% |
| Bitcoin | $8K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x29e11a0e…2354f3 | GMX v2 (Arbitrum) | $5.0M |
| 0x404c9a62…1234a4 | GMX v2 (Arbitrum) | $2.1M |
| 0x5fd99ef4…e1f92e | GMX v2 (Arbitrum) | $154K |
| 0xaafba222…0afed3 | GMX v2 (Arbitrum) | $118K |
| 0x05dd0fb8…0d7fc6 | GMX v2 (Arbitrum) | $74K |
| 0xb6dfc465…863ac5 | GMX v2 (Arbitrum) | $52K |
| 0x2ceba646…8c69be | GMX v2 (Arbitrum) | $46K |
| 0x4a23f5b6…aa71e7 | GMX v2 (Arbitrum) | $12K |
| 0xcd551cad…499d8f | GMX v2 (Arbitrum) | $7K |
| 0xa6b2a02f…24ced9 | GMX v2 (Arbitrum) | $6K |
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