Seismograph by Cryptograph Club

Liquidation wave · Closed

$81.6M on-chain liquidation wave, 1 Feb 2026

Magnitude M 4.9 on-chain, scale v1
Liquidated $81.6M USD at the block
Busiest hour $42.2M to 2 Feb 2026, 04:10 UTC

Liquidations on Aave v3, GMX v2, Morpho Blue, Compound v3, Sky and Spark (Ethereum, Arbitrum and Base) totalled $81.6M between 21:45 UTC on 1 Feb and 06:40 UTC on 2 Feb 2026. The busiest hour saw $42.2M. 2,110 positions were liquidated. 5 liquidations could not be valued and are not included.

Timeline

$0$10.0M$20.0M$30.0M1 Feb 20:45–20:50 UTC: $020:451 Feb 20:50–20:55 UTC: $11 Feb 20:55–21:00 UTC: $01 Feb 21:00–21:05 UTC: $1301 Feb 21:05–21:10 UTC: $31K1 Feb 21:10–21:15 UTC: $1K1 Feb 21:15–21:20 UTC: $1271 Feb 21:20–21:25 UTC: $2K1 Feb 21:25–21:30 UTC: $01 Feb 21:30–21:35 UTC: $01 Feb 21:35–21:40 UTC: $2351 Feb 21:40–21:45 UTC: $01 Feb 21:45–21:50 UTC: $48K1 Feb 21:50–21:55 UTC: $11 Feb 21:55–22:00 UTC: $239K1 Feb 22:00–22:05 UTC: $2K22:001 Feb 22:05–22:10 UTC: $01 Feb 22:10–22:15 UTC: $16K1 Feb 22:15–22:20 UTC: $01 Feb 22:20–22:25 UTC: $5.6M1 Feb 22:25–22:30 UTC: $01 Feb 22:30–22:35 UTC: $01 Feb 22:35–22:40 UTC: $3961 Feb 22:40–22:45 UTC: $01 Feb 22:45–22:50 UTC: $01 Feb 22:50–22:55 UTC: $40K1 Feb 22:55–23:00 UTC: $01 Feb 23:00–23:05 UTC: $47K1 Feb 23:05–23:10 UTC: $14.7M1 Feb 23:10–23:15 UTC: $6.3M1 Feb 23:15–23:20 UTC: $3K23:151 Feb 23:20–23:25 UTC: $43K1 Feb 23:25–23:30 UTC: $11 Feb 23:30–23:35 UTC: $5.6M1 Feb 23:35–23:40 UTC: $6921 Feb 23:40–23:45 UTC: $01 Feb 23:45–23:50 UTC: $71K1 Feb 23:50–23:55 UTC: $1K1 Feb 23:55–00:00 UTC: $02 Feb 00:00–00:05 UTC: $81K2 Feb 00:05–00:10 UTC: $27K2 Feb 00:10–00:15 UTC: $24K2 Feb 00:15–00:20 UTC: $2K2 Feb 00:20–00:25 UTC: $02 Feb 00:25–00:30 UTC: $02 Feb 00:30–00:35 UTC: $37K00:302 Feb 00:35–00:40 UTC: $8562 Feb 00:40–00:45 UTC: $02 Feb 00:45–00:50 UTC: $02 Feb 00:50–00:55 UTC: $02 Feb 00:55–01:00 UTC: $02 Feb 01:00–01:05 UTC: $871K2 Feb 01:05–01:10 UTC: $34K2 Feb 01:10–01:15 UTC: $132K2 Feb 01:15–01:20 UTC: $7K2 Feb 01:20–01:25 UTC: $24K2 Feb 01:25–01:30 UTC: $6K2 Feb 01:30–01:35 UTC: $02 Feb 01:35–01:40 UTC: $02 Feb 01:40–01:45 UTC: $02 Feb 01:45–01:50 UTC: $48K01:452 Feb 01:50–01:55 UTC: $02 Feb 01:55–02:00 UTC: $02 Feb 02:00–02:05 UTC: $19K2 Feb 02:05–02:10 UTC: $02 Feb 02:10–02:15 UTC: $5K2 Feb 02:15–02:20 UTC: $5K2 Feb 02:20–02:25 UTC: $02 Feb 02:25–02:30 UTC: $02 Feb 02:30–02:35 UTC: $02 Feb 02:35–02:40 UTC: $02 Feb 02:40–02:45 UTC: $62 Feb 02:45–02:50 UTC: $02 Feb 02:50–02:55 UTC: $02 Feb 02:55–03:00 UTC: $02 Feb 03:00–03:05 UTC: $003:002 Feb 03:05–03:10 UTC: $02 Feb 03:10–03:15 UTC: $289K2 Feb 03:15–03:20 UTC: $1.3M2 Feb 03:20–03:25 UTC: $14.5M2 Feb 03:25–03:30 UTC: $1.3M2 Feb 03:30–03:35 UTC: $21.8M2 Feb 03:35–03:40 UTC: $2.1M2 Feb 03:40–03:45 UTC: $487K2 Feb 03:45–03:50 UTC: $56K2 Feb 03:50–03:55 UTC: $156K2 Feb 03:55–04:00 UTC: $2272 Feb 04:00–04:05 UTC: $166K2 Feb 04:05–04:10 UTC: $116K2 Feb 04:10–04:15 UTC: $115K2 Feb 04:15–04:20 UTC: $11K04:152 Feb 04:20–04:25 UTC: $83K2 Feb 04:25–04:30 UTC: $4K2 Feb 04:30–04:35 UTC: $70K2 Feb 04:35–04:40 UTC: $02 Feb 04:40–04:45 UTC: $96K2 Feb 04:45–04:50 UTC: $6K2 Feb 04:50–04:55 UTC: $2K2 Feb 04:55–05:00 UTC: $100K2 Feb 05:00–05:05 UTC: $156K2 Feb 05:05–05:10 UTC: $70K2 Feb 05:10–05:15 UTC: $39K2 Feb 05:15–05:20 UTC: $222K2 Feb 05:20–05:25 UTC: $60K2 Feb 05:25–05:30 UTC: $75K2 Feb 05:30–05:35 UTC: $92K05:302 Feb 05:35–05:40 UTC: $204K2 Feb 05:40–05:45 UTC: $38K2 Feb 05:45–05:50 UTC: $82K2 Feb 05:50–05:55 UTC: $136K2 Feb 05:55–06:00 UTC: $02 Feb 06:00–06:05 UTC: $78K2 Feb 06:05–06:10 UTC: $02 Feb 06:10–06:15 UTC: $452 Feb 06:15–06:20 UTC: $3852 Feb 06:20–06:25 UTC: $02 Feb 06:25–06:30 UTC: $4332 Feb 06:30–06:35 UTC: $02 Feb 06:35–06:40 UTC: $3.6M2 Feb 06:40–06:45 UTC: $27K2 Feb 06:45–06:50 UTC: $36K06:452 Feb 06:50–06:55 UTC: $02 Feb 06:55–07:00 UTC: $02 Feb 07:00–07:05 UTC: $02 Feb 07:05–07:10 UTC: $11K2 Feb 07:10–07:15 UTC: $02 Feb 07:15–07:20 UTC: $02 Feb 07:20–07:25 UTC: $9K2 Feb 07:25–07:30 UTC: $02 Feb 07:30–07:35 UTC: $02 Feb 07:35–07:40 UTC: $0

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

Facts

Started
1 Feb 2026, 21:45 UTC
Peak
5 minutes from 2 Feb 2026, 03:30 UTC
Ended
2 Feb 2026, 06:40 UTC
Duration
8 h 55 min
Positions liquidated
2,110 (2,241 liquidation events)
Normal level
Median hourly total $14K, 95th percentile $838K, over the 30 days before the day it started
Not valued
5 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$47.5M58%
GMX v2$16.9M21%
Morpho Blue$13.8M17%
Compound v3$2.1M3%
Sky$931K1%
Spark$345K<1%
By chain
ValuedShare
Ethereum$48.0M59%
Arbitrum$18.7M23%
Base$14.9M18%
By asset
ValuedShare
Bitcoin$49.2M60%
Ethereum$26.9M33%
Other$5.1M6%
Stablecoins$278K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x021c60e5…b8d8e7 Aave v3 (Ethereum) $17.8M
0x393a6290…1d9c3b GMX v2 (Arbitrum) $5.6M
0x72a06051…8c42eb GMX v2 (Arbitrum) $5.6M
0x6848216b…eb28b1 Aave v3 (Ethereum) $4.8M
0x853da756…cb5ab4 Aave v3 (Ethereum) $2.5M
0xdd18c899…01b559 GMX v2 (Arbitrum) $2.2M
0xd698e26f…f45688 Aave v3 (Ethereum) $1.9M
0x86e344be…926151 Aave v3 (Ethereum) $1.5M
0x9c1e625b…ea3a55 Aave v3 (Ethereum) $1.4M
0xea4604c0…58a735 Morpho Blue (Base) $1.1M

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