Liquidation wave · Closed
$14.1M on-chain liquidation wave, 6 Mar 2026
Magnitude
M 4.1
on-chain, scale v1
Liquidated
$14.1M
USD at the block
Liquidations on GMX v2 and Aave v3 (Arbitrum, Ethereum and Base) totalled $14.1M between 15:50 and 15:55 UTC on 6 Mar 2026. 12 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 6 Mar 2026, 15:50 UTC
- Peak
- 5 minutes from 6 Mar 2026, 15:50 UTC
- Ended
- 6 Mar 2026, 15:55 UTC
- Duration
- 5 min
- Positions liquidated
- 12 (12 liquidation events)
- Normal level
- Median hourly total $13K, 95th percentile $1.2M, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $14.1M | 100% |
| Aave v3 | $9K | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $14.1M | 100% |
| Ethereum | $7K | <1% |
| Base | $2K | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $14.0M | 100% |
| Bitcoin | $24K | <1% |
| Other | $2K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0xae89e00a…6b636d | GMX v2 (Arbitrum) | $14.0M |
| 0x8c162275…e18de1 | GMX v2 (Arbitrum) | $23K |
| 0x52f61e7f…ca38d5 | Aave v3 (Ethereum) | $7K |
| 0xf8ce93ed…900a75 | Aave v3 (Base) | $2K |
| 0xd27be1bd…cdaf6d | GMX v2 (Arbitrum) | $1K |
| 0x986b921e…1733f2 | GMX v2 (Arbitrum) | $1K |
| 0x336bb4a4…3beb9f | GMX v2 (Arbitrum) | $766 |
| 0x99fbc0f9…03c7b7 | GMX v2 (Arbitrum) | $532 |
| 0xcfbfa4ee…83cc80 | GMX v2 (Arbitrum) | $476 |
| 0x217ceb2f…b61ab1 | GMX v2 (Arbitrum) | $202 |
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