Liquidation wave · Closed
$5.0M on-chain liquidation wave, 26 Jan 2026
Magnitude
M 3.7
on-chain, scale v1
Liquidated
$5.0M
USD at the block
Liquidations on GMX v2 (Arbitrum) totalled $5.0M between 15:10 and 15:15 UTC on 26 Jan 2026. 7 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 26 Jan 2026, 15:10 UTC
- Peak
- 5 minutes from 26 Jan 2026, 15:10 UTC
- Ended
- 26 Jan 2026, 15:15 UTC
- Duration
- 5 min
- Positions liquidated
- 7 (7 liquidation events)
- Normal level
- Median hourly total $11K, 95th percentile $471K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $5.0M | 100% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $5.0M | 100% |
| Valued | Share | |
|---|---|---|
| Ethereum | $5.0M | 100% |
| Other | $21K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xe91c8936…d005f3 | GMX v2 (Arbitrum) | $5.0M |
| 0xdb0091bc…9dd368 | GMX v2 (Arbitrum) | $8K |
| 0x8a055d90…96dc4c | GMX v2 (Arbitrum) | $7K |
| 0xdb518e8a…617a2f | GMX v2 (Arbitrum) | $4K |
| 0x6bd07a7a…447a4e | GMX v2 (Arbitrum) | $907 |
| 0xd04ca643…51b853 | GMX v2 (Arbitrum) | $367 |
| 0xcc1b3f38…c0dc33 | GMX v2 (Arbitrum) | $173 |
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