Seismograph by Cryptograph Club

Liquidation wave · Closed

$14.9M on-chain liquidation wave, 19 Nov 2025

Magnitude M 4.2 on-chain, scale v1
Liquidated $14.9M USD at the block
Busiest hour $10.1M to 19 Nov 2025, 18:20 UTC

Liquidations on Aave v3, Compound v3, Morpho Blue, GMX v2, Sky and Spark (Ethereum, Arbitrum and Base) totalled $14.9M between 17:20 and 20:15 UTC on 19 Nov 2025. The busiest hour saw $10.1M. 443 positions were liquidated. 2 liquidations could not be valued and are not included.

Timeline

$0$2.0M$4.0M$6.0M$8.0M19 Nov 16:20–16:25 UTC: $8K16:2019 Nov 16:25–16:30 UTC: $304K19 Nov 16:30–16:35 UTC: $6K19 Nov 16:35–16:40 UTC: $263K19 Nov 16:40–16:45 UTC: $2K19 Nov 16:45–16:50 UTC: $3K19 Nov 16:50–16:55 UTC: $58K19 Nov 16:55–17:00 UTC: $61K16:5519 Nov 17:00–17:05 UTC: $122K19 Nov 17:05–17:10 UTC: $147K19 Nov 17:10–17:15 UTC: $519K19 Nov 17:15–17:20 UTC: $63K19 Nov 17:20–17:25 UTC: $585K19 Nov 17:25–17:30 UTC: $019 Nov 17:30–17:35 UTC: $399K17:3019 Nov 17:35–17:40 UTC: $1.1M19 Nov 17:40–17:45 UTC: $4K19 Nov 17:45–17:50 UTC: $1K19 Nov 17:50–17:55 UTC: $19319 Nov 17:55–18:00 UTC: $4K19 Nov 18:00–18:05 UTC: $619 Nov 18:05–18:10 UTC: $37618:0519 Nov 18:10–18:15 UTC: $74K19 Nov 18:15–18:20 UTC: $7.9M19 Nov 18:20–18:25 UTC: $117K19 Nov 18:25–18:30 UTC: $409K19 Nov 18:30–18:35 UTC: $3K19 Nov 18:35–18:40 UTC: $6119 Nov 18:40–18:45 UTC: $9K18:4019 Nov 18:45–18:50 UTC: $291K19 Nov 18:50–18:55 UTC: $34K19 Nov 18:55–19:00 UTC: $019 Nov 19:00–19:05 UTC: $612K19 Nov 19:05–19:10 UTC: $2919 Nov 19:10–19:15 UTC: $919 Nov 19:15–19:20 UTC: $18K19:1519 Nov 19:20–19:25 UTC: $958K19 Nov 19:25–19:30 UTC: $232K19 Nov 19:30–19:35 UTC: $019 Nov 19:35–19:40 UTC: $210K19 Nov 19:40–19:45 UTC: $347K19 Nov 19:45–19:50 UTC: $402K19 Nov 19:50–19:55 UTC: $019:5019 Nov 19:55–20:00 UTC: $5K19 Nov 20:00–20:05 UTC: $9K19 Nov 20:05–20:10 UTC: $116K19 Nov 20:10–20:15 UTC: $1.1M19 Nov 20:15–20:20 UTC: $019 Nov 20:20–20:25 UTC: $019 Nov 20:25–20:30 UTC: $2K20:2519 Nov 20:30–20:35 UTC: $019 Nov 20:35–20:40 UTC: $20K19 Nov 20:40–20:45 UTC: $019 Nov 20:45–20:50 UTC: $7K19 Nov 20:50–20:55 UTC: $14319 Nov 20:55–21:00 UTC: $3K19 Nov 21:00–21:05 UTC: $021:0019 Nov 21:05–21:10 UTC: $32619 Nov 21:10–21:15 UTC: $0

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

Facts

Started
19 Nov 2025, 17:20 UTC
Peak
5 minutes from 19 Nov 2025, 18:15 UTC
Ended
19 Nov 2025, 20:15 UTC
Duration
2 h 55 min
Positions liquidated
443 (444 liquidation events)
Normal level
Median hourly total $42K, 95th percentile $2.5M, over the 30 days before the day it started
Not valued
2 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$10.2M68%
Compound v3$1.6M11%
Morpho Blue$1.5M10%
GMX v2$1.0M7%
Sky$621K4%
Spark$72K<1%
By chain
ValuedShare
Ethereum$11.1M74%
Arbitrum$2.2M15%
Base$1.6M11%
By asset
ValuedShare
Ethereum$10.5M70%
Bitcoin$4.2M28%
Other$253K2%
Stablecoins$121<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x7bc16735…4b7c16 Aave v3 (Ethereum) $3.1M
0x1ffd0ab7…e58661 Aave v3 (Ethereum) $1.5M
0xb8b5ea51…c80dc8 Aave v3 (Ethereum) $1.4M
0x782d2b69…130b75 Aave v3 (Ethereum) $1.2M
0x438af1f8…85b4d7 Compound v3 (Ethereum) $1.0M
0x9ee2121d…54ec80 Aave v3 (Ethereum) $483K
0x9a830f3f…b2d8f1 Sky (Ethereum) $448K
0x76a81c96…1d74a9 Aave v3 (Ethereum) $446K
0x827e1710…70bf05 Compound v3 (Ethereum) $426K
0x3e629a21…2cc922 Aave v3 (Arbitrum) $395K

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