Seismograph by Cryptograph Club

Liquidation wave · Closed

$226.8M on-chain liquidation wave, 31 Jan 2026

Magnitude M 5.4 on-chain, scale v1
Liquidated $226.8M USD at the block
Busiest hour $112.6M to 31 Jan 2026, 18:50 UTC

Liquidations on Aave v3, Morpho Blue, GMX v2, Compound v3, Spark and Sky (Ethereum, Base and Arbitrum) totalled $226.8M between 13:30 and 18:50 UTC on 31 Jan 2026. The busiest hour saw $112.6M. 5,213 positions were liquidated. 8 liquidations could not be valued and are not included.

Timeline

$0$20.0M$40.0M$60.0M$80.0M31 Jan 12:30–12:35 UTC: $012:3031 Jan 12:35–12:40 UTC: $93331 Jan 12:40–12:45 UTC: $031 Jan 12:45–12:50 UTC: $3K31 Jan 12:50–12:55 UTC: $031 Jan 12:55–13:00 UTC: $031 Jan 13:00–13:05 UTC: $8K31 Jan 13:05–13:10 UTC: $031 Jan 13:10–13:15 UTC: $73531 Jan 13:15–13:20 UTC: $8K31 Jan 13:20–13:25 UTC: $013:2031 Jan 13:25–13:30 UTC: $54K31 Jan 13:30–13:35 UTC: $442K31 Jan 13:35–13:40 UTC: $89K31 Jan 13:40–13:45 UTC: $031 Jan 13:45–13:50 UTC: $031 Jan 13:50–13:55 UTC: $031 Jan 13:55–14:00 UTC: $031 Jan 14:00–14:05 UTC: $031 Jan 14:05–14:10 UTC: $76K31 Jan 14:10–14:15 UTC: $113K14:1031 Jan 14:15–14:20 UTC: $1.7M31 Jan 14:20–14:25 UTC: $1.8M31 Jan 14:25–14:30 UTC: $16.4M31 Jan 14:30–14:35 UTC: $7.2M31 Jan 14:35–14:40 UTC: $2.1M31 Jan 14:40–14:45 UTC: $2K31 Jan 14:45–14:50 UTC: $65K31 Jan 14:50–14:55 UTC: $94331 Jan 14:55–15:00 UTC: $7431 Jan 15:00–15:05 UTC: $5K15:0031 Jan 15:05–15:10 UTC: $3K31 Jan 15:10–15:15 UTC: $1131 Jan 15:15–15:20 UTC: $13K31 Jan 15:20–15:25 UTC: $531 Jan 15:25–15:30 UTC: $3K31 Jan 15:30–15:35 UTC: $131 Jan 15:35–15:40 UTC: $031 Jan 15:40–15:45 UTC: $231 Jan 15:45–15:50 UTC: $031 Jan 15:50–15:55 UTC: $49K15:5031 Jan 15:55–16:00 UTC: $13K31 Jan 16:00–16:05 UTC: $031 Jan 16:05–16:10 UTC: $670K31 Jan 16:10–16:15 UTC: $1.4M31 Jan 16:15–16:20 UTC: $14.0M31 Jan 16:20–16:25 UTC: $2K31 Jan 16:25–16:30 UTC: $031 Jan 16:30–16:35 UTC: $031 Jan 16:35–16:40 UTC: $031 Jan 16:40–16:45 UTC: $50616:4031 Jan 16:45–16:50 UTC: $5.6M31 Jan 16:50–16:55 UTC: $981K31 Jan 16:55–17:00 UTC: $2.2M31 Jan 17:00–17:05 UTC: $9K31 Jan 17:05–17:10 UTC: $8.1M31 Jan 17:10–17:15 UTC: $49.5M31 Jan 17:15–17:20 UTC: $103K31 Jan 17:20–17:25 UTC: $34K31 Jan 17:25–17:30 UTC: $10K31 Jan 17:30–17:35 UTC: $479K17:3031 Jan 17:35–17:40 UTC: $930K31 Jan 17:40–17:45 UTC: $7K31 Jan 17:45–17:50 UTC: $3K31 Jan 17:50–17:55 UTC: $18K31 Jan 17:55–18:00 UTC: $59031 Jan 18:00–18:05 UTC: $288K31 Jan 18:05–18:10 UTC: $29931 Jan 18:10–18:15 UTC: $85631 Jan 18:15–18:20 UTC: $1.6M31 Jan 18:20–18:25 UTC: $7.6M18:2031 Jan 18:25–18:30 UTC: $750K31 Jan 18:30–18:35 UTC: $13531 Jan 18:35–18:40 UTC: $32.8M31 Jan 18:40–18:45 UTC: $61.4M31 Jan 18:45–18:50 UTC: $8.2M31 Jan 18:50–18:55 UTC: $2K31 Jan 18:55–19:00 UTC: $36K31 Jan 19:00–19:05 UTC: $35K31 Jan 19:05–19:10 UTC: $20K31 Jan 19:10–19:15 UTC: $29K19:1031 Jan 19:15–19:20 UTC: $29K31 Jan 19:20–19:25 UTC: $5331 Jan 19:25–19:30 UTC: $1831 Jan 19:30–19:35 UTC: $3K31 Jan 19:35–19:40 UTC: $26K31 Jan 19:40–19:45 UTC: $2K31 Jan 19:45–19:50 UTC: $7K

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

Facts

Started
31 Jan 2026, 13:30 UTC
Peak
5 minutes from 31 Jan 2026, 18:40 UTC
Ended
31 Jan 2026, 18:50 UTC
Duration
5 h 20 min
Positions liquidated
5,213 (5,219 liquidation events)
Normal level
Median hourly total $13K, 95th percentile $619K, over the 30 days before the day it started
Not valued
8 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$135.7M60%
Morpho Blue$53.9M24%
GMX v2$18.6M8%
Compound v3$17.3M8%
Spark$952K<1%
Sky$287K<1%
By chain
ValuedShare
Ethereum$157.1M69%
Base$44.2M19%
Arbitrum$25.5M11%
By asset
ValuedShare
Bitcoin$115.6M51%
Ethereum$104.0M46%
Other$7.0M3%
Stablecoins$189K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xa55310d2…068507 Aave v3 (Ethereum) $13.9M
0x477d838a…f14ac2 Compound v3 (Ethereum) $11.1M
0x5f8da5eb…4fc558 Aave v3 (Ethereum) $7.7M
0x51b71165…47b9ca Aave v3 (Ethereum) $7.6M
0xdeb642c8…9d2328 GMX v2 (Arbitrum) $6.1M
0xf5f501eb…912c99 Aave v3 (Ethereum) $4.6M
0xf5563ece…2bdf75 Morpho Blue (Ethereum) $3.8M
0xa83b4ead…5bdd9b Aave v3 (Ethereum) $3.6M
0xda4528ef…f41bdc Aave v3 (Ethereum) $3.6M
0xf016d3a4…1d4d00 Morpho Blue (Ethereum) $3.2M

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