Liquidation wave · Closed
$8.6M on-chain liquidation wave, 3 Nov 2025
Magnitude
M 3.9
on-chain, scale v1
Liquidated
$8.6M
USD at the block
Liquidations on GMX v2, Aave v3, Compound v3, Morpho Blue and Spark (Arbitrum, Ethereum and Base) totalled $8.6M between 15:25 and 16:15 UTC on 3 Nov 2025. 443 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 3 Nov 2025, 15:25 UTC
- Peak
- 5 minutes from 3 Nov 2025, 15:30 UTC
- Ended
- 3 Nov 2025, 16:15 UTC
- Duration
- 50 min
- Positions liquidated
- 443 (444 liquidation events)
- Normal level
- Median hourly total $35K, 95th percentile $1.2M, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $6.4M | 74% |
| Aave v3 | $2.1M | 24% |
| Compound v3 | $106K | 1% |
| Morpho Blue | $78K | <1% |
| Spark | $11K | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $6.5M | 76% |
| Ethereum | $1.8M | 21% |
| Base | $291K | 3% |
| Valued | Share | |
|---|---|---|
| Other | $5.0M | 58% |
| Ethereum | $3.0M | 34% |
| Bitcoin | $642K | 7% |
| Stablecoins | $2 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xfafe8904…4edced | GMX v2 (Arbitrum) | $1.3M |
| 0x986ce4f0…55f8f0 | GMX v2 (Arbitrum) | $1.2M |
| 0xeb1af074…3e7116 | GMX v2 (Arbitrum) | $367K |
| 0x2e5c1d88…4c2e55 | GMX v2 (Arbitrum) | $297K |
| 0xdbbb1e6d…909c25 | Aave v3 (Ethereum) | $230K |
| 0xffc6fbed…29a2e2 | GMX v2 (Arbitrum) | $217K |
| 0x102d08cf…b6c260 | Aave v3 (Ethereum) | $160K |
| 0x52efba91…8882b6 | Aave v3 (Ethereum) | $158K |
| 0x6717ed5e…736bc5 | GMX v2 (Arbitrum) | $150K |
| 0x45bed76b…72bc8e | Aave v3 (Ethereum) | $137K |
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