Seismograph by Cryptograph Club

Liquidation wave · Closed

$48.3M on-chain liquidation wave, 3 Feb 2026

Magnitude M 4.7 on-chain, scale v1
Liquidated $48.3M USD at the block
Busiest hour $47.2M to 3 Feb 2026, 19:10 UTC

Liquidations on Aave v3, Morpho Blue, GMX v2, Compound v3, Sky and Spark (Ethereum, Base and Arbitrum) totalled $48.3M between 17:40 and 20:35 UTC on 3 Feb 2026. The busiest hour saw $47.2M. 999 positions were liquidated. 5 liquidations could not be valued and are not included.

Timeline

$0$5.0M$10.0M$15.0M$20.0M3 Feb 16:40–16:45 UTC: $016:403 Feb 16:45–16:50 UTC: $8373 Feb 16:50–16:55 UTC: $03 Feb 16:55–17:00 UTC: $7K3 Feb 17:00–17:05 UTC: $2633 Feb 17:05–17:10 UTC: $03 Feb 17:10–17:15 UTC: $98K3 Feb 17:15–17:20 UTC: $1K17:153 Feb 17:20–17:25 UTC: $03 Feb 17:25–17:30 UTC: $03 Feb 17:30–17:35 UTC: $1K3 Feb 17:35–17:40 UTC: $7K3 Feb 17:40–17:45 UTC: $81K3 Feb 17:45–17:50 UTC: $13K3 Feb 17:50–17:55 UTC: $10K17:503 Feb 17:55–18:00 UTC: $323 Feb 18:00–18:05 UTC: $48K3 Feb 18:05–18:10 UTC: $03 Feb 18:10–18:15 UTC: $62K3 Feb 18:15–18:20 UTC: $665K3 Feb 18:20–18:25 UTC: $5.0M3 Feb 18:25–18:30 UTC: $19.3M18:253 Feb 18:30–18:35 UTC: $1.3M3 Feb 18:35–18:40 UTC: $03 Feb 18:40–18:45 UTC: $2.0M3 Feb 18:45–18:50 UTC: $13.4M3 Feb 18:50–18:55 UTC: $2.1M3 Feb 18:55–19:00 UTC: $2.1M3 Feb 19:00–19:05 UTC: $1.3M19:003 Feb 19:05–19:10 UTC: $2K3 Feb 19:10–19:15 UTC: $3K3 Feb 19:15–19:20 UTC: $6413 Feb 19:20–19:25 UTC: $2K3 Feb 19:25–19:30 UTC: $9453 Feb 19:30–19:35 UTC: $9K3 Feb 19:35–19:40 UTC: $019:353 Feb 19:40–19:45 UTC: $03 Feb 19:45–19:50 UTC: $1K3 Feb 19:50–19:55 UTC: $03 Feb 19:55–20:00 UTC: $3K3 Feb 20:00–20:05 UTC: $475K3 Feb 20:05–20:10 UTC: $3143 Feb 20:10–20:15 UTC: $020:103 Feb 20:15–20:20 UTC: $03 Feb 20:20–20:25 UTC: $301K3 Feb 20:25–20:30 UTC: $2K3 Feb 20:30–20:35 UTC: $100K3 Feb 20:35–20:40 UTC: $03 Feb 20:40–20:45 UTC: $03 Feb 20:45–20:50 UTC: $9K20:453 Feb 20:50–20:55 UTC: $3K3 Feb 20:55–21:00 UTC: $03 Feb 21:00–21:05 UTC: $03 Feb 21:05–21:10 UTC: $03 Feb 21:10–21:15 UTC: $3K3 Feb 21:15–21:20 UTC: $03 Feb 21:20–21:25 UTC: $021:203 Feb 21:25–21:30 UTC: $03 Feb 21:30–21:35 UTC: $5K

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

Facts

Started
3 Feb 2026, 17:40 UTC
Peak
5 minutes from 3 Feb 2026, 18:25 UTC
Ended
3 Feb 2026, 20:35 UTC
Duration
2 h 55 min
Positions liquidated
999 (1,006 liquidation events)
Normal level
Median hourly total $16K, 95th percentile $1.2M, 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$25.7M53%
Morpho Blue$17.1M35%
GMX v2$2.7M6%
Compound v3$2.3M5%
Sky$475K<1%
Spark$65K<1%
By chain
ValuedShare
Ethereum$29.0M60%
Base$15.8M33%
Arbitrum$3.6M7%
By asset
ValuedShare
Bitcoin$37.4M77%
Ethereum$10.6M22%
Other$348K<1%
Stablecoins$20K<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0x9bb8709a…bbb32b Aave v3 (Ethereum) $7.3M
0xc47c31fb…2f9090 Aave v3 (Ethereum) $5.4M
0xdc1080ea…0b20d2 Aave v3 (Ethereum) $2.6M
0xca08c31d…340e38 Aave v3 (Ethereum) $1.7M
0x16c813b0…2a7f3e Compound v3 (Ethereum) $1.6M
0xa931df3e…b2a243 Morpho Blue (Ethereum) $1.6M
0xf0816040…edbf0d Morpho Blue (Base) $1.2M
0xd8bbdb9e…f4aefa Aave v3 (Ethereum) $1.1M
0x4eb6aa09…f4e87b Morpho Blue (Base) $1.1M
0xfe03688d…df53d6 Aave v3 (Ethereum) $1.0M

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