Seismograph by Cryptograph Club

Liquidation wave · Closed

$21.2M on-chain liquidation wave, 30 Jan 2026

Magnitude M 4.3 on-chain, scale v1
Liquidated $21.2M USD at the block
Busiest hour $20.8M to 30 Jan 2026, 02:35 UTC

Liquidations on Morpho Blue, GMX v2, Aave v3, Compound v3 and Spark (Base, Arbitrum and Ethereum) totalled $21.2M between 01:35 and 03:05 UTC on 30 Jan 2026. The busiest hour saw $20.8M. 798 positions were liquidated. 1 liquidation could not be valued and is not included.

Timeline

$0$5.0M$10.0M$15.0M30 Jan 00:35–00:40 UTC: $000:3530 Jan 00:40–00:45 UTC: $030 Jan 00:45–00:50 UTC: $030 Jan 00:50–00:55 UTC: $16K30 Jan 00:55–01:00 UTC: $030 Jan 01:00–01:05 UTC: $001:0030 Jan 01:05–01:10 UTC: $030 Jan 01:10–01:15 UTC: $030 Jan 01:15–01:20 UTC: $030 Jan 01:20–01:25 UTC: $8K30 Jan 01:25–01:30 UTC: $001:2530 Jan 01:30–01:35 UTC: $10830 Jan 01:35–01:40 UTC: $3.2M30 Jan 01:40–01:45 UTC: $11.7M30 Jan 01:45–01:50 UTC: $176K30 Jan 01:50–01:55 UTC: $82K01:5030 Jan 01:55–02:00 UTC: $3130 Jan 02:00–02:05 UTC: $10930 Jan 02:05–02:10 UTC: $7K30 Jan 02:10–02:15 UTC: $3830 Jan 02:15–02:20 UTC: $268K02:1530 Jan 02:20–02:25 UTC: $3.6M30 Jan 02:25–02:30 UTC: $935K30 Jan 02:30–02:35 UTC: $878K30 Jan 02:35–02:40 UTC: $32K30 Jan 02:40–02:45 UTC: $2K02:4030 Jan 02:45–02:50 UTC: $030 Jan 02:50–02:55 UTC: $46K30 Jan 02:55–03:00 UTC: $130 Jan 03:00–03:05 UTC: $282K30 Jan 03:05–03:10 UTC: $003:0530 Jan 03:10–03:15 UTC: $030 Jan 03:15–03:20 UTC: $030 Jan 03:20–03:25 UTC: $030 Jan 03:25–03:30 UTC: $030 Jan 03:30–03:35 UTC: $003:3030 Jan 03:35–03:40 UTC: $2430 Jan 03:40–03:45 UTC: $20K30 Jan 03:45–03:50 UTC: $75K30 Jan 03:50–03:55 UTC: $1K30 Jan 03:55–04:00 UTC: $003:5530 Jan 04:00–04:05 UTC: $0

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

Facts

Started
30 Jan 2026, 01:35 UTC
Peak
5 minutes from 30 Jan 2026, 01:40 UTC
Ended
30 Jan 2026, 03:05 UTC
Duration
1 h 30 min
Positions liquidated
798 (799 liquidation events)
Normal level
Median hourly total $13K, 95th percentile $545K, over the 30 days before the day it started
Not valued
1 liquidation could not be valued and is not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Morpho Blue$13.4M63%
GMX v2$5.2M25%
Aave v3$2.5M12%
Compound v3$72K<1%
Spark$6<1%
By chain
ValuedShare
Base$12.6M59%
Arbitrum$5.7M27%
Ethereum$2.9M14%
By asset
ValuedShare
Bitcoin$16.6M78%
Ethereum$3.0M14%
Other$1.6M8%
Stablecoins$8K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x0fbbcf4a…56bc78 Morpho Blue (Base) $2.7M
0xda6694d8…fc6764 GMX v2 (Arbitrum) $1.7M
0xc8d7380d…0a4158 Morpho Blue (Base) $924K
0x6cee114a…611ed1 Morpho Blue (Base) $844K
0x49ab4ac2…3878a5 Morpho Blue (Base) $825K
0x37ef277f…e65096 Morpho Blue (Base) $713K
0xa7359c25…2b3bb3 Morpho Blue (Base) $690K
0x00b636f6…5430a4 Morpho Blue (Base) $677K
0x3ecb640f…5d72e0 Aave v3 (Ethereum) $674K
0x85a404a4…3be207 Morpho Blue (Base) $620K

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