Liquidation wave · Closed
$13.5M on-chain liquidation wave, 20 Mar 2026
Magnitude
M 4.1
on-chain, scale v1
Liquidated
$13.5M
USD at the block
Liquidations on GMX v2 and Compound v3 (Arbitrum and Base) totalled $13.5M between 22:00 and 22:05 UTC on 20 Mar 2026. 5 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 20 Mar 2026, 22:00 UTC
- Peak
- 5 minutes from 20 Mar 2026, 22:00 UTC
- Ended
- 20 Mar 2026, 22:05 UTC
- Duration
- 5 min
- Positions liquidated
- 5 (5 liquidation events)
- Normal level
- Median hourly total $9K, 95th percentile $443K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| GMX v2 | $13.5M | 100% |
| Compound v3 | $0 | <1% |
| Valued | Share | |
|---|---|---|
| Arbitrum | $13.5M | 100% |
| Base | $0 | <1% |
| Valued | Share | |
|---|---|---|
| Ethereum | $13.5M | 100% |
| Bitcoin | $614 | <1% |
| Other | $470 | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x04d147f5…cfcc70 | GMX v2 (Arbitrum) | $13.5M |
| 0xbc9ebc3d…55d50d | GMX v2 (Arbitrum) | $470 |
| 0x1303e0e6…f9da2e | GMX v2 (Arbitrum) | $413 |
| 0x31077427…8d40a0 | GMX v2 (Arbitrum) | $201 |
| 0xb1411cb9…29722f | Compound v3 (Base) | $0 |
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